Getting out from under $1.95 trillion cap would allow the bank to grow its deposit base, providing more room on the balance sheet to originate jumbo mortgages too big for Fannie and Freddie. Continue reading
President of Irvine, California-based wholesale mortgage lender with history of drunk driving convictions arrested on suspicion of murder after 88-year-old man is killed in head-on accident. Continue reading
In renewing a call that building materials be exempt from tariffs, trade group notes that more than 70 percent of imported softwood lumber and gypsum used for drywall comes from Canada and Mexico. Continue reading
Partnerships with real estate agents and builders laid the groundwork for the foray into Florida, Georgia, North Carolina, South Carolina and Tennessee led by former Guild Mortgage exec John Porath. Continue reading
Bond market investors who fund most mortgages didn’t panic Friday over reports that the U.S. will impose tariffs on China, Canada and Mexico on Saturday, but details remain sketchy. Continue reading
Parent company will invest up to half of its excess cash in the “highly volatile” cryptocurrency to pave the way for enabling bitcoin payments for agents and customers at a later date . Continue reading
Trump wants lower rates. Fed Chair Jerome Powell says he’s not spoken to the President, and that “we don’t need to be in a hurry to adjust the policy stance.” Continue reading
Once the nation’s largest home lender, Wells Fargo could be poised for a comeback in the mortgage business this year as it continues to make progress in addressing regulators’ concerns about its past practices. Continue reading
As the industry continues to evolve, smaller brokers are going to need to think about how to increase profitability, and that often requires scale, said BHGRE President Ginger Wilcox. Continue reading
Elevated rates chill the prospects of a 2025 sales rebound from the lowest level in 30 years, as many would-be homebuyers and sellers would stay on the sidelines. Continue reading