One of the greatest ironies of the current mortgage/credit mess is this: there are now more subprime borrowers than ever before. Of course, there are no subprime lenders left in America to serve them, but according to the new, 4Q edition of the Quarterly Data Report consumers owe roughly $830 billion on their subprime loans. Roughly 35% of these are in some form of delinquencyâ¦
Even with the positive news when it came to income, two of the big four underwriters had their earnings outlook slashed, while a third received an upgrade.
AD Mortgage's news survey finds 82% expect AI to transform the industry, and relationship skills will decide who wins in 2027.
An acquisition this year could be one in a line of other future deals, potentially involving lenders or commercial real estate firms, Ellington executives said.
If the deal is completed, the companies will form the sixth-largest publicly traded homebuilder in the U.S. with about $6.6 billion in combined revenue.
Fannie Mae and Freddie Mac's oversight chief said that he's displeased with a report that these builders have retreated from serving first-time buyers.
The economy lost 23,000 jobs in July, but the unemployment rate ticked down to 4.1% all the same. The development could embolden both hawks and doves at the central bank.
