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Nonprime mortgage securitization has roughly doubled each of the last two years, and it shows no signs of stopping, according to Fitch Ratings.
January 26 -
Mortgage interest rates increased for the first time in 2017, ending a run of three weeks where they were down, according to Freddie Mac.
January 26 -
Radian Group reported fourth-quarter net income of $61.1 million, down 18% from $74.5 million for the same period in 2015.
January 26 -
Purchases of new homes fell in December to a 10-month low, suggesting the post-election jump in mortgage rates pushed out potential buyers.
January 26 -
Profits at Astoria Financial in Lake Success, N.Y., fell along with net interest income in the fourth quarter.
January 26 -
The Federal Housing Finance Agency is seeking a significant amount of information from lenders that specialize in making chattel loans to manufactured homebuyers due to a lack of reliable data on the market.
January 25 -
A pair of Long Island, N.Y., residents admitted to defrauding a Rochester, N.Y.-based mortgage company of $1.2 million in a straw borrower scam.
January 25 -
The phrase "it is what it is" came up several times as CEO Joseph Ficalora addressed analysts' questions about nixing plans to buy Astoria and the challenges of getting another deal done.
January 25 -
The Dow Jones Industrial Average crossed the 20,000 threshold for the first time Wednesday, but the post-election stock market rally has produced a mixed bag for mortgage demand and the industry's publicly traded companies.
January 25 -
A tactic that helped define the height of homebuying madness in the U.S. in the years before the market collapsed is rearing its head again.
January 25