The PNC Financial Services Group's residential mortgage banking division faced losses at the start of the year due to losses related to mortgage servicing rights and lower loan sales.
Read More »Wells Fargo’s Profits Fold Under Pressure
With intense pressure stemming from falling oil prices, historically low interest rates, and volatile financial markets profits at San Francisco-based Wells Fargo did not come in strong for the first quarter of 2016.
Read More »Refinances Hit a Roadblock
Low mortgage rates do not appear to be enough of an incentive to attract homeowners to refinance their homes.
Read More »A Sad Day for Earnings at JPMorgan Chase
The news of the over-the-year decline in JPMorgan Chase's net income came on the same day that the Fed and FDIC announced that the bank's "living will" for 2015 is deficient.
Read More »Mortgage Credit Access Reverses Course
Credit availability in the mortgage industry increased slightly in the fourth quarter, reversing a long-time downward trend over the last four quarters.
Read More »Appraiser, Homeowner Values Remain Disparate
Homeowner optimism is continuing to outpace that of actual property appraisal values, according to a report from Quicken Loans.
Read More »Gen Xers Shaken From Housing Bust Effects
There is an interruption occurring in the housing market. Homeowership numbers among Generation X have quickly went from first to last due to lingering effects from the housing bust.
Read More »The Week Ahead: Will Homeowners, Appraisers Find Common Ground?
History has shown that homeowners typically value their homes at a higher price point than appraisers, and as the housing market evolves, these opinions were beginning to inch ...
Read More »Mortgage Credit Availability Tightens Up
Credit availability in the mortgage industry declined in March due to administrative changes causing declines in the availability of conventional and super conforming loan programs.
Read More »What do Sinking Mortgage Rates Mean for the Market?
Mortgage interest rates continued their downward pattern this week, reaching their lowest level since February of last year.
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