So, is the mortgage industry really deconsolidating, something we've been writing about for the past nine months? Answer: it would appear that way. According to newly compiled figures from National Mortgage News and the Quarterly Data Report, the nation's top five originators had a combined market share of 57.7% in 2Q compared to 60.38% a year ago – a loss of almost three full points. Will this trend continue? Consider this: with Bank of America exiting correspondent lending by yearend chances are market share declines among the nations' big boys will only accelerate in the next few quarters…
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The serial entrepreneur, who also created Rapid Reporting and American Transfer & Trust, plans to remain active in industry causes, a LinkedIn post said.
September 18 -
Almost 45% of buyers received a seller concession this summer, while more than 15% saw a reduction in the asking price to go along with it, according to Redfin.
September 18 -
With 55% of homeowners planning to renovate rather than relocate, demand for home improvement capital will be strong even if the purchase market slows further.
September 17 -
Last week's bond market turmoil continued leading up to the FOMC decision on Wednesday, pushing the 30-year fixed to near or over 7%, depending on the source.
September 17 -
The Securities and Exchange Commission said Rule 14a-8 exceeds its statutory authority and intrudes on matters of state law. Shareholder advocacy groups, however, argue that repealing the rule could reduce transparency.
September 17 -
Brian Johnson's nomination to lead the Consumer Financial Protection Bureau advanced to the full Senate Thursday morning in a party-line vote.
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