Mick Mulvaney has been in charge of the CFPB all week and we’ve yet to hear one prediction that subprime mortgage lending will revive with a vengeance…
The vast majority of commercial banks and savings institutions that do mortgage banking – either directly or through a subsidiary – generated a profit from the business during the third quarter, according to a new analysis by Inside Mortgage Trends of bank call reports.
According to figures compiled for the National Mortgage Database and analyzed by Inside Mortgage Trends, for much of the past decade there has been a saw-tooth pattern that finds late payments begin increasing in November of each year before peaking in January.
The share of minority mortgage borrowers has shrunk over the last 10 years with the number of loans originated now nearly half of what it was at the peak of the lending boom, according to a recent report from The Urban Institute.
Earlier this week, GR promoted two senior vice presidents – James Elliot and Chris Knapp – giving them additional responsibility over sales and recruiting…