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The Latest Trends in Lending Amidst Economic Shifts Explore the current trends in lending amidst economic shifts, focusing on interest rates, sustainability, and technological advancements in the mortgage industry.
Lending (1520)
Ditech Holding Corporation Signs Purchase Agreements with New Residential Investment Corp. and Mortgage Assets Management, LLC
Ditech Holding Corporation ("Ditech Holding" or, together with its subsidiaries, the "Company") (OTC Pink: DHCP) today announced that it and certain of its subsidiaries have entered into an asset purchase agreement with New Residential Investment Corp. ("New Residential") and a stock and asset purchase agreement with Mortgage Assets Management, LLC and its affiliate (collectively, "Mortgage… Read more...
House Financial Services Committee Offers Rulings on FHA, Flood Insurance and DACA Loan Eligibility
It was a busy week for the House Financial Services Committee who, among other things, passed bills that addressed the cost of FHA loans, countered a recent HUD proposal on DACA borrowers and once again renewed The National Flood Insurance Program. Yesterday, the House Committee on Financial Services overwhelmingly passed U.S. Congresswoman Joyce Beatty’s (OH-03)… Read more...
Being Creative in the Pursuit of Affordable Housing
By Alexander von Hoffman, Harvard Joint Center For Housing Studies Observing how creative practitioners have addressed the knotty problems involved in providing good homes to people who otherwise could not afford them is one of the great pleasures I get from my work as a student of low-income housing. I discuss five of these efforts… Read more...
Merger of Equals Between BB&T and SunTrust Will Create Truist
BB&T Corporation (NYSE: BBT) and SunTrust Banks, Inc., (NYSE: STI) today announced Truist as the name for the combined company to be created through their merger of equals. Truist will be the sixth-largest U.S. bank holding company serving more than 10 million households in the U.S., with a leading presence in many of the most… Read more...
Intercontinental Exchange Completes Acquisition of Simplifile
Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced it has completed its acquisition of Simplifile, LC. On May 1, 2019 ICE announced that it would acquire Simplifile for $335 million. The acquisition will not be material to ICE’s 2019 earnings or… Read more...
Mortgage Lenders' Profit Margin Outlook Turns Positive on Reported Surge in Consumer Demand
The net profit margin outlook for mortgage lenders turned positive for the first time in nearly three years, due primarily to strong demand expectations for both purchase and refinance mortgages, according to Fannie Mae's Q2 2019 Mortgage Lender Sentiment Survey®. "Lenders are signaling strong demand-driven mortgage market dynamics, with optimism for both their consumer demand… Read more...
March Foreclosure Rate at 20 Year Low, Delinquencies at 13 Year Low
CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report. The report shows that nationally 4% of mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure) in March 2019, representing a 0.3-percentage-point decline in the overall… Read more...
5 Security Best Practices for Mortgage Lenders
Posted by Chelsea Mize of Maxwell Mention data security to a mortgage executive and it’s enough to make them squirm. You can’t read the news without seeing a piece about a new security breach, even from some of the world’s most cutting-edge technology companies. Data is the heartbeat of the mortgage industry. Protecting it should… Read more...
Homebridge Financial Services, Inc. Acquires HomeStreet Bank’s Home Loan Center-Based Mortgage Origination Business
-Homebridge Financial Services, Inc. (Homebridge), one of the largest independent mortgage lenders in the U.S., has completed phase one in the acquisition of the distributed retail mortgage banking segment of HomeStreet Bank, a wholly owned subsidiary of HomeStreet, Inc. (Nasdaq:HMST) (“HomeStreet”). Phase one of the acquisition includes the mortgage loan production branches and fulfillment functions… Read more...
CoreLogic Reports the Negative Equity Share Fell to 4.1% in the First Quarter of 2019
CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released the Home Equity Report for the first quarter of 2019. The report shows that U.S. homeowners with mortgages (which account for roughly 63% of all properties) have seen their equity increase by 5.6% year over year, representing a gain of… Read more...More...
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