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The agency expects one in five borrowers to be eligible for the new pricing benefits.
October 24
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The mortgage market is reeling from the central bank's strategy of raising rates and reducing its holdings of mortgage-backed securities. Lenders face the worst headwinds in more than a decade.
October 24
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The industry is only about a third of the way to where it needs to be, an analyst from the Mortgage Bankers Association said at the trade group's conference Sunday.
October 24
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In a week where homebuilding stocks were faced with surging U.S. Treasury yields and data showing weakening demand for homes, one analyst is throwing in the towel on the sector.
October 23
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The firm will turn its focus toward its commercial, home improvement and reverse lending platforms along with portfolio management and other lender services.
October 21
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The mortgage subsidiary of PlainsCapital Bank also said it had reduced its headcount by 23% in the past year.
October 21
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The transaction allows for portfolio defense as well as supporting Marlin's move into Ginnie Mae servicing.
October 21
