Mortgage interest rates on conventional purchase-money mortgages increased in February from the month prior according to data from the Monthly Interest Survey released by the Federal Housing Finance ...
Read More »Mortgage Origination Profits Dip in Q4
Independent mortgage bank and subsidiaries received less of a return on each loan originated at the end of 2017, and a new report got to the bottom of why.
Read More »Are Nonbanks Susceptible to Liquidity Vulnerabilities?
Nonbanks originated about half of all mortgages in 2016 and 75 percent of mortgages insured by the FHA or VA. However, a recent study by the Brookings Institution ...
Read More »Chase No. 1 When it Comes to Providing Financial Advice
In an environment of poor money management and lack of financial literacy, the first point of contact for customers when seeking advice related to financial issues is usually ...
Read More »The Future of Lending Can be Found in Fintech
Technological innovation is changing the way the mortgage industry works, and the model followed by lenders who have embraced technology such as end-to-end online mortgage application and approval ...
Read More »10 Banks With Most and Least CFPB Complaints
A recent report examines the Consumer Financial Protection Bureau’s consumer complaint database to see how more than 50 top banks stacked up against each other in terms of consumer satisfaction.
Read More »Better Banking, Happier Customers
Which banks are sending their customers home the happiest? A new study pinpoints the banks that have the fewest consumer complaints, and the results might surprise you.
Read More »Fed Stress Test Results: Near Unanimous Bank Approval
Results are in from the Fed’s Stress test of 34 banks, and nearly all banks passed with flying colors, causing the market to take off after hours. One bank, however, will have to resubmit before the end of the year…
Read More »Trump’s Impact on Banks
Approaching President Trump's 100th day in office, we took a look at how his administration has impacted the financial sector. From lending rates to bank stock prices, see in what directions the needle has moved in reaction to policy changes made by the president. We’ll also take a look at what impact Trump’s executive orders affecting Dodd-Frank is having on the market as well as how the housing industry may be impacted by a recent tariff on Canadian lumber.
Read More »BNY Mellon, S&T Share Q1 Earnings
BNY Mellon and S&T Bancorp both released their Q1 earnings reports on Thursday. Together, they represent a mixed bag of insights—particularly for the mortgage industry. While BNY Mellon’s residential mortgage earnings were down, S&T’s were up—both over the quarter and the year.
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