Recovery Summer?? Mortgage Purchase Applications Down 15% YoY, Refi Applications Crash By 13%
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National Mortgage News- 10 year Treasury hits four-year high. Will mortgage rates spike next?Yields on the 10-year Treasury hit their highest level since the start of 2014 and got very close to cracking the 3% mark, signaling a potential spike in mortgage rates.
- Freddie Mac plans rep and warrant relief for self-employed incomeA data validation integration Freddie Mac is adding to its technology platform could also deliver representation and warranty relief to lenders when it verifies self-employed borrowers' incomes.
- South Florida home values still below peak pricesSouth Florida's economy seems to be firing on all cylinders. Unemployment is low, construction activity has rebounded and home values have bounced back.
- Citizens reaps the benefit of 4% growth in consumer lendingThe Providence, R.I., company reported a double-digit increase in quarterly profits despite a year-over-year decline in fee-based revenue.
- 10 year Treasury hits four-year high. Will mortgage rates spike next?
- HousingWire- Mortgae News
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- Mortgage Daily
- SunTrust Mortg Earnings, Lending and Servicing Down April 22, 2018Although company-wide earnings ascended at SunTrust Banks Inc. -- mortgage income, originations and third-party servicing were all down on a quarterly basis.First-quarter 2018 earnings data indicate SunTrust earned $792 million before the provision for income taxes during the three months ended March 31.Income at the Atlanta-based bank-holding company improv […]
- Mortgage Refi Activity Jumps April 20, 2018A week-over-week decline in new purchase-money activity was more than offset by an increase in refinance business. But the year-over-year tumble in purchases more than offset the surge in refinances.During the week that concluded on April 20, the U.S. Mortgage Market Index from Mortgage Daily was virtually unchanged from the preceding seven-day period. No se […]
- $1 Billion Wells Settlement Finalized April 20, 2018First the president tweeted it. Then the company warned about it. Now it is official: Wells Fargo & Co. has agreed to a $1 billion settlement with federal regulators.In December, President Donald Trump posted a tweet indicating that contrary to press reports, fines and penalties against Wells for recent scandals would be pursued and possibly increased su […]
- SunTrust Mortg Earnings, Lending and Servicing Down April 22, 2018
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