Tag Archives: mortgage

Loans for commercial and multifamily buildings fell 25% in Q4

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Loans for office buildings specifically dropped 68 percent year over year and 32 percent quarter over quarter.  Continue reading →

RE/MAX’s Motto Mortgage makes Entrepreneur’s ‘Franchise 500’ list

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“Mortgage brokerage in a box” makes Entrepreneur’s list of top franchise opportunities for a 5th consecutive year, despite challenging conditions for mortgage lenders. Continue reading →

Mr. Cooper now collects payments on $1T in mortgages amid big Q4

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Investors pushed shares in the Dallas-based mortgage loan servicer to a new high on Friday as executives in a Q4 earnings call said they’ll keep investing in technology that boosts efficiency. Continue reading →

Flagstar mortgages could help NYCB shore up its balance sheet

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Troubled New York Community Bancorp is reportedly ready to pledge about $5 billion in home loans originated by Flagstar Bank as collateral for risk transfer that would bolster its capital. Continue reading →

Mortgage rates lead to biggest pending sales drop since October

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Rising interest rates and harsh winter weather have dampened homebuyer activity, leading to the biggest drop in pending sales since October. However, there’s optimism for a rebound as spring approaches, fueled by increasing home tours and new listings. Continue reading →

Mortgage giants offering very low income homebuyers a spring break

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Fannie Mae and Freddie Mac are offering a $2,500 credit that borrowers can put toward their down payment, closing costs, escrow or mortgage insurance premiums. Continue reading →

Homebuyer purchase loan demand falls again as mortgage rates firm

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After picking up during the first three weeks of January, applications for purchase loans are contracting, with mortgage rates no longer in free fall from 2023 highs. Continue reading →

Housing sentiment improves on hopes for lower mortgage rates

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Consumer sentiment toward housing increased to the highest level in nearly two years in January, with a record number of Americans expecting mortgage rates to come down in the year ahead. Continue reading →

FNB of Pennsylvania to pay $13.5M to settle redlining allegations

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FNB’s 2017 acquisition of Yadkin Bank for $1.8 billion expanded its footprint into North Carolina, where the DOJ alleges it avoided providing mortgages to majority-Black and Hispanic communities. Continue reading →

Blowout January jobs report has mortgage rates surging again

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Employers added 353,000 workers to their payrolls in January, a “head scratching” jobs report from the Labor Department that kills prospects for a March rate cut “stone dead,” economist says Continue reading →