Storm clouds are brewing in the spring home buying market. The 1.15 million available homes for sale nationwide in March was the most since the onset of the pandemic in…
Category:
Mortage
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After two years of net production losses, independent mortgage bankers ended 2024 in the black on their originations; however, for smaller lenders, it was a different story, the Mortgage Bankers…
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Federal Reserve Gov. Michael Barr.Anna Rose Layden/Bloomberg A Federal Reserve governor called on core banking system providers to do more to safeguard community banks against emerging cyber threats. Fed Gov.…
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Banks are still optimistic that deregulation under the Trump administration will help offset some of the recent turbulence from recent tariff policies. But there’s a caveat. Fifth Third Bancorp CEO…
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Mortgage rates increased more than 20 basis points this week, but remained below the 7% mark, according to Freddie Mac. The gain matches that in the latest Mortgage Bankers Association’s…
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The state of Ohio is accusing United Wholesale Mortgage of “duping” thousands of its residents via an alleged scheme between the megalender and “loyalist brokers” to only do business with…
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Truist Financial lowered its revenue expectations for the year, citing a material slowdown in investment banking and capital markets activity and the anticipation of less net interest income. Chairman and…
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Bloomberg News President Donald Trump stepped up his pressure campaign on the Federal Reserve, criticizing the central bank’s reluctance to lower interest rates and endorsing the “termination” of Fed Chair…
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Stark regional differences emerged in 2024 property tax data, as rates and levied totals pulled back nationally, but at the same time the average amount owed headed upward, according to…
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In a stunning legal move, the Consumer Financial Protection Bureau is asking a federal court to vacate a redlining settlement because the Trump administration disagrees with it. Nonprofit groups oppose…