National Mortgage News is still adding up warehouse results for the third quarter, but one thing seems clear: lines of credit are up compared to both 2Q of this year and 3Q 2010. Also, there is a new willingness on the part of firms to disclose their commitment volumes. (We thank you.) It should be pointed out that BB&T, in particular, is showing strong gains. Meanwhile, all eyes are on Bank of America, which is transferring its warehouse group to its Merrill Lynch affiliate. As reported by NMN late last week, the bank is shedding some nonbank customers but hopes to retain a majority of its client base. How much of that majority? It won't say…
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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.
September 17










