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However, the share of new impairments increased, likely as a result of the high concentration of these loans given to self-employed borrowers.
February 3
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After mortgage rates rose for three weeks, borrowers took advantage of a 3-basis-point dip and sparked a short-term refinancing rally, according to the Mortgage Bankers Association.
February 3
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The plan is aimed at low- and moderate-income communities, and may enable 60,000 individuals and families to purchase homes, the bank said in a statement Wednesday.
February 3
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The California company acquired Civic Financial Services, which makes loans to residential real estate investors.
February 3 -
With the shift to a low-rate environment dominated by no cash-out refinancing, use of an alternative to traditional valuations has soared.
February 2
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The 2020 price increase was more than double 2019's and above CoreLogic's year-ago prediction, but its forecast for 2021 puts the pace at just one-third of last year’s.
February 2
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Pretax operating margins came in much narrower than what is projected for the three stand-alone underwriters.
February 1
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Issuance of securitizations backed by these loans is becoming more dependable, and Fannie will need more mortgages that finance newly-built energy-efficient homes to keep it going.
February 1
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The CARES Act-related forbearances could be “lulling us into a false sense of security” as 12-month expirations approach, according to Black Knight.
February 1
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The uptick marks only the third increase in consecutive weeks since reaching a peak in May, according to Black Knight.
January 29
