Jumbo mortgages

First Republic profits jump 20% on surging mortgage demand

01/14/21

Loan originations hit a record $16.7 billion in the fourth quarter, though executives caution that a recent rise in mortgage rates could slow refinancing activity.

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Flagstar has record quarter driven by 'super-charged' mortgage market

07/28/20

The company's second-quarter net income was $116 million, with mortgage banking revenue of $239 million.

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Wells Fargo expands nonconforming jumbo refi loan criteria

07/10/20

However, those who aren't current bank customers need to have $1 million in a qualifying account.

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U.S. banks to support paying dividends; Wells limits jumbo refinances

04/06/20

Banks will tell the Fed they would remain strong after payouts; customers would need $250,000 in liquid assets on deposit at the bank to qualify to refinance.

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Large banks hemorrhaged money on mortgage originations in 2018

06/21/19

Large banks had huge losses from originating mortgages in 2018 as costs were three times higher than similar-sized independent lenders, according to research conducted by Stratmor and the Mortgage Bankers Association.

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SoFi reboots its mortgage business with new name, updated processes

03/29/19

The digital lender rebranded its mortgage business as SoFi Home Loans about four months after it took a step back from real estate finance to redesign its processes.

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UBS warns on Q1 revenue; Deutsche’s U.S. workers ‘on edge’

03/21/19

The Swiss bank’s CEO calls the trading environment “one of the worst in recent history”; 10,000 of German bank's U.S. employees fret over their future.

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Tough times for Wells' Sloan; Mega mortgages to the stars

09/21/18

Wells Fargo CEO tackles cost-cutting, job cuts and rumors he’ll be replaced; banks put up millions to keep uber-rich as depositors.

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Best Banks to Work For, Comerica's scramble, pot banking: Top stories of the week

08/31/18

How the 'Best Banks to Work For' get employees to love their jobs; Comerica works to address fraud in prepaid benefits program; how to tell if you're banking a pot business; and more from this week's most-read stories.

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Chase Bank hit with downgrade over jumbo mortgage underwriting, fintech gaps

08/24/18

Moody's Investors Service downgraded JPMorgan Chase's prime jumbo mortgage originator assessment to its second-highest rating, citing the bank's growing reliance on correspondents with delegated underwriting authority and shortcomings in its technology infrastructure.

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