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The asset value of mortgage servicing rights are rapidly being reduced by some of the largest players in the servicing business.
October 19 -
M&T Bank is on a residential production tear with its pipeline of new loans overflowing.
October 18 -
September marks the eighth consecutive month where home prices improved on a year-over-year basis.
October 17 -
In building its first nonconforming MBS, Shellpoint will welcome mortgages facilitated by loan brokers and correspondents.
October 17 -
Single-family construction had its best month in four years and builders are feeling optimistic about their prospects, despite tight mortgage credit.
October 17 -
Fannie Mae/Freddie Mac servicers refinanced 26,950 mortgages with loan-to-value ratios above 125% in August, compared to 26,650 in July.
October 17 -
Bank of America lost money on mortgage banking in the third quarter but only because of charges tied to its legacy business.
October 17 -
PNC Financial Services Group said earnings from its mortgage banking business rebounded in the third quarter due to higher single-family originations and much lower provisioning for mortgage repurchase demands.
October 16 -
Mortgages backed by the Veterans Administration are on a tear.
October 16 -
Citigroup reported net servicing and gain-on-sale revenue of $684 million in the third quarter—more than triple what it did a year ago.
October 15 -
Thanks to the revised FHA Streamline program, GNMA issuance increased 11% in fiscal year 2012.
October 15 -
When subprime lending "comes back" it will be totally differentand out of the past.
October 12
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An overall slowdown in distressed sales bodes well for home prices holding their own this winter, according to a new report from Amherst Securities Group.
October 12 -
Wells Fargo had its best origination quarter of the year, but mortgage earnings fell slightly in the third quarter.
October 12 -
The mortgage banking division of JPMorgan Chase posted net earnings of $563 million in the third quarter as originations rose to $47 billion.
October 12 -
Mortgage rates remained relatively stable for the week ending Oct. 11, but were up slightly from the all-time lows reached last week.
October 11 -
In yet another sign of positive news for the housing market, foreclosure activity fell to a five-year low in September.
October 11 -
Residential real estate markets across the U.S. are showing strong signs of improvement, according to the Federal Reserve's Beige Book.
October 11 -
Mortgage applications fell in the latest weekly reading with refinancings continuing to dominate the consumer landscape.
October 10 -
Residential shadow inventory continued to shrink in July compared to a year ago, CoreLogic said in its latest data report.
October 9



