Wells Fargo has agreed to pay a $250M fine after an investigation by federal banking regulators found fault with its practices for helping homeowners with mortgage problems. Continue reading
Mortgage rates have remained largely unchanged in recent weeks, aside from a gradual rise in rates for 15-year loans. Continue reading
New York-based Orchard has raised $100 million in a Series D funding round, lifting its total equity to $255 million and a valuation of more than $1 billion. Continue reading
Rates for 30-year mortgages barely budged over the last month, even as lenders sifted through new statements from Federal Reserve officials. Continue reading
The company focuses on lending for investors who plan to rent out or flip their properties. The new name is a reference to the word for “key” in Italian. Continue reading
Minutes released last week from the July 27-28 meeting of a Federal Reserve committee that sets monetary policy revealed that most members are open to tapering bond purchases the Fed makes to stimulate the economy by the end of this year. Continue reading
Low mortgage rates that had risen off a strong jobs report remained unmoved earlier this week, according to Freddie Mac’s lender survey. Continue reading
The latest numbers from Attom Data Solutions show that mortgage lenders issued more purchase loans in the second quarter of the year, but lost ground on the refinancing side. Continue reading
The debt offering — in the form of senior convertible notes that mature in 2026 — will include a $750 million private offering to qualified institutional investors. Continue reading
During the pandemic, the Federal Reserve has been keeping a lid on interest rates by increasing its holdings of long-term Treasurys and mortgage-backed securities (MBS) by $120 billion a month. Before announcing a timetable for tapering those purchases… Continue reading