The National Association of Realtors’ Existing-Home Sales report for December 2015 comes out on Friday, January 22. The industry will be waiting to see if the numbers will ...
Read More »Handle HMDA With Care
Michael Flynn, a partner in Goodwin Procter’s Financial Institutions Group sat down with MReport to explain how the HMDA rule is shaking up the mortgage industry and advises on how to cope with the changes.
Read More »The Age of the Virtual Handshake
Lenders must reach out to meet their future millennial clients in their own environment—online. Editor's note: This select print feature appears in the January 2016 edition of MReport magazine, available now.
Read More »BankUnited to Discontinue Retail Mortgage Originations
Bank United, a national bank headquartered in Miami Lakes, Florida with 98 banking centers in 15 Florida counties and six banking centers in the New York metro area, has announced that it will no longer be originating mortgages, effective immediately.
Read More »U.S. Bancorp, PNC Profits and Mortgage Revenues Decline
U.S. Bancorp and the PNC Financial Services Group Inc., reported Friday morning that net income at both banks is down from the previous year, and the results for mortgage banking revenues at both banks followed right along.
Read More »Goldman Sachs Settles Toxic RMBS Claims
The investment banking firm is the latest on a list of banks to agree to settle federal and state investigations probes for allegedly selling bad RMBS in the time period leading up to the financial crisis.
Read More »Why are Mortgage Rates Still Falling Post-Rate Hike?
In December, during their final meeting of the year, the Federal Open Market Committee decided to raise the federal funds rate. Since then, the mortgage industry has been anticipating the effect this will have on the housing market, but so far, that effect has been little to none.
Read More »JPMorgan Earnings Beat Expectations; Mortgage Banking Sector Disappoints
JPMorgan Chase, one of the nation's largest lenders, announced Thursday that their fourth quarter earnings wrapped 2015 on a positive note, but could trouble be brewing in the mortgage banking division of the company?
Read More »Fannie Mae Predicts Healthy Housing Market, Despite Affordability Issues
As Fannie Mae sees it, the year ahead will be less like a person in love and more like one in a satisfying longterm relationship. Growth in the U.S. housing market will continue for its seventh straight year, but there will be bills to pay.
Read More »Appraiser Home Values Still Short of Homeowners’ Opinions
Appraisers and homeowners just cannot seem to find common ground in valuing their home, but they are getting closer to seeing eye-to-eye.
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