Where Realtors were once the first source of information for homebuyers, increasingly independent mortgage lenders are attempting to provide leads on homes for sale and more...
When the Federal Reserve hiked short-term rates back in mid-December, mortgage rates were expected to increase as well and keep heading north in the new year. But thanks to deep concerns about economic growth in China – not to mention plunging oil prices – all bets are now off. This past week, the price on the benchmark Fannie Mae 3.5 percent security increased by 44 basis points, according to figures compiled by MBS Quoteline. As Inside MBS & ABS went to press ...
Wells' lending performance stands in contrast to its closest JPMorgan Chase, which reported a 23.3 percent sequential decline in mortgage production for the period.
When’s the last time a regional or megabank bought a nonbank mortgage company? Wells Fargo? JPMorgan? BofA? Citigroup? Nope, none of them, that we can recall...
The Federal Housing Finance Agency published a final rule this week that will prevent real estate investment trusts from gaining access to financing from the Federal Home Loan Bank system via captive insurance companies. REITs are not allowed direct membership in an FHLBank. However, in recent years a number of REITs have formed captive insurance companies that were granted FHLBank membership because insurance companies were allowed to ...