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Mortgage
Is Home Equity Lending Really That Crazy Today?
Oct 19, 2024I came across a report from CoreLogic the other day that said home equity loan lending increased to its highest level since 2008. Whenever anyone hears the date “2008,” they...
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Mortgage
Commercial real estate turbulence not easing yet – exec
Oct 18, 2024A soft landing for the economy looks increasingly likely – and while that’s good for consumers, it’s not such a strong outcome for commercial real estate prospects, Friedman said. “Once...
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Mortgage
New York Community to rebrand corporate identity
Oct 17, 2024A year of upheaval for New York Community Bank is culminating with a corporate name change, as it fully takes on the branding of a company it acquired in 2022....
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Mortgage
Wage growth eases to two-year low, fuels rate cut hopes – Mortgage Strategy
Oct 16, 2024Wage growth has eased to its slowest pace in two years, fuelling expectations that the Bank of England will cut the base rate next month. Pay excluding bonuses grew at...
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Mortgage
A Temporary Buydown Could Make Sense While Mortgage Rates Continue to Fall
Oct 15, 2024Last week, I argued that mortgage rates remain in a downward trend, despite some pullback lately. The 30-year fixed had almost been sub-6% when the Fed announced its rate cut....
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Mortgage
Mortgage market poised for growth as buyer sentiment improves
Oct 14, 2024Michelle Dugan (pictured top), owner at MS Lending in Mississippi, told Mortgage Professional America that rate drops in recent weeks meant her team was taking a proactive approach to its...
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Mortgage
Wells Fargo nearing ‘trough’ in deposit costs after Fed rate cut
Oct 13, 2024UPDATE: This article includes new comments from Wells Fargo’s earnings call and analyst commentary on the bank’s results. The deposit competition that’s weighed on Wells Fargo’s profits appears to be...
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