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People's United in Connecticut is letting the loans run off its books as it invests in higher-yielding commercial loans.January 17
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Mortgage loan officer compensation remained level year-over-year as an unexpected surge in originations surprised employers expecting it to be a down year, an LBA Ware report said.January 17
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Mortgage lenders' uptake of innovations in artificial intelligence, big data and other technologies has been relatively slow. It's an approach that may not be tenable in 2020.January 16
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Bank of America's fourth-quarter mortgage origination volume more than doubled on a year-over-year basis, a faster pace of growth than two of its national banking peers.January 15
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A former Fannie Mae employee is facing more than six years in federal prison for participating in a scam involving discount sales of properties owned by the government-sponsored enterprise.January 15
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Fannie Mae is sponsoring a $1.03B CRT transaction, while Caliber Homes Loans, New Residential and Onslow Bay fill the non-QM pipelineJanuary 14
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Fourth quarter gain on sale margin moved in opposite directions at two of the nation's largest banks, falling 9% quarter-over-quarter at JPMorgan Chase, but increasing 25% at Wells Fargo.January 14
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There was less credit available for the first time in four months in December, when lenders offered fewer conventional and government products, particularly Veterans Affairs-guaranteed loans, the Mortgage Bankers Association said.January 13
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The delinquency rate for commercial mortgage-backed securities ended 2019 at its lowest point in nearly 11 years, aided by increased issuance and the resolution of legacy transactions, Fitch Ratings said.January 10
