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Freedom Northwest in Idaho hopes a proposal from the NCUA will help it bring in more deposits to fund a fast-growing mortgage business. Banks are crying foul.
June 7
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It’s the one consumer loan category where balances continue to fall, and disruption from nimbler fintechs is a big reason why. To win back market share, banks will need to beat the upstarts at their own game.
June 7
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The use of financing to buy fix and flip properties increased 35% annually by dollar volume to its highest level in nearly 12 years, according to Attom Data Solutions.
June 7
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After a sustained downward trajectory, nondepository mortgage companies added 1,200 workers in April, a modest boost for lenders during prime season for the housing market.
June 7
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Freddie Mac plans to introduce a mortgage this month that will simultaneously finance the purchase price of the home and improvements that will be completed after closing with a single loan.
June 7
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The Federal Housing Finance Agency has far more authority to upend the status quo than most realize, according to a new report.
June 7
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Median sale prices for Oahu homes dipped last month in what continued a trend this year of light, mostly downward movement for the broad measure of Honolulu housing costs.
June 7
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The Puget Sound housing market continues to splinter into hot and cold sectors — with substantially more heat the farther south you move — but the trend may be moderating as buyers and sellers adjust their expectations.
June 7
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Mortgage industry hiring and new job appointments for the week ending June 7.
June 7
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The agency's vote Thursday threatens to block many of the industry's communications with customers, though banks did win one concession.
June 6
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While home equity gains realized their lowest increase since 2012, the first quarter's rate still helped pull borrowers from underwater as the equity total compiled $5.6 trillion in seven years, according to CoreLogic.
June 6
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Independent mortgage banks became profitable again at the start of the year after realizing losses of $200 for each loan they originated in the fourth quarter of 2018, according to the Mortgage Bankers Association.
June 6
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A long list of "preparatory steps" means that any potential Fannie Mae and Freddie Mac initial public offerings are at least three to four years away, according to Raymond James.
June 6
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Fitch Ratings is considering making adjustments to property valuations used in sizing up private residential mortgage securitizations to better account for possible exposure to uninsured, catastrophic risks.
June 6
- LIBOR
The Mortgage Bankers Association created a template for originators to notify new borrowers when their adjustable-rate mortgage switches to a different index once publication of the London interbank offered rate discontinues.
June 6
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For the first time since 2012, home prices are falling in metro Orlando, new data and real estate experts say.
June 6
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Mortgage rates fell to their lowest level since September 2017, with the 30-year down 17 basis points as worries over foreign trade policy continued to roil the markets, according to Freddie Mac.
June 6
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Cutting the title insurance decision to nearly instantaneous will be the norm in the next 12 to 24 months, according to WFG Lender Services.
June 6
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The median sale price for single-family homes in Cuyahoga County, Ohio, climbed in May for the third consecutive month, reaching $157,500 in the suburbs and $139,000 countywide.
June 6
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The company intentionally submitted inaccurate borrower information overstating the number of white applicants, the consumer bureau alleges in a consent order.
June 5
