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Because the bank occupied a niche in serving ultra high-end consumers, experts question whether its receivership will make other depositories more reluctant to offer jumbo loans.
May 1 -
The entire pool is comprised of fixed-rate, fully amortizing mortgages, with an average balance of $901,373. They are also first-lien loans.
October 8 -
The financial services company will incentivize existing card members with statement credit for taking out or refinancing a home loan with either lender.
July 1 -
The move is a vote of confidence for the private market in financing, which has been revitalized by limits government-related investors have put on certain loan purchases.
June 23 -
Even though product availability is now at the same point where it was one year ago, it remains at 2014 levels.
June 10 -
In the aftermath of 2020’s historic year of mortgage originations, lenders are concerned with keeping employees and insulating themselves from the negative effects of the boom and bust cycle, according to a survey from The Mortgage Collaborative.
June 8 -
It’s getting easier to close bigger loans for higher-priced properties, but credit is expanding slower for first-time buyers.
May 11 -
More lenders are willing to take on borrowers who are lower on the qualification spectrum as the economy rebounds.
April 8 -
The company posted an $88 million loss for 2020 after shutting down for nearly the entire second quarter.
March 12 -
Finance of America Reverse's product combines features of a forward mortgage, like 10 years of payments, with parts of a non-recourse reverse loan.
March 10