Mortgage rates

GSE reform could increase costs to borrowers: CBO

08/27/18

The Congressional Budget Office has found that restructuring the mortgage market would save the government billions of dollars but may increase the cost of housing.

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Wells Fargo to cut over 600 mortgage employees on lower volume

08/24/18

Wells Fargo & Co. is cutting 638 mortgage employees as the nation’s largest home lender contends with a slowdown in the business.

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Mulvaney responds to Warren; Deutsche’s investment

04/05/18

CFPB acting director uses the senator’s own words against her; Wall Street veteran’s addition shows the German bank is committed to U.S. investment banking.

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Looser capital rules could stabilize mortgage servicing, banks say

03/28/18

Banks would welcome a proposal to loosen Basel III capital restrictions because it would make holding mortgage servicing rights easier and stem the recent exodus of depositories from the servicing business, executives said.

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As 10 year Treasury yields spike, local mortgage rates will matter more

02/20/18

As inflation fears put upward pressure on 10-year Treasury bonds and mortgage rates nationally, borrowers could start to take more notice of what lenders are charging them locally.

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Warren to Wells Fargo: Hurry up and make customers whole again

02/14/18

Sen. Elizabeth Warren, D-Mass., asked Wells Fargo's chief executive to address recent reports that the bank's efforts to compensate customers for unnecessary fees is falling short.

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10 cities on the verge of a housing bubble

02/14/18

Here's a look at the 10 housing markets with the biggest gap between growth in home prices and wages that could indicate a housing bubble is forming.

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10 cities on the verge of a housing bubble

02/13/18

Here's a look at the 10 housing markets with the biggest gap between growth in home prices and wages that could indicate a housing bubble is forming.

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Weak spot in banks' earnings: Fee income

01/24/18

Net interest income has surged thanks to rising rates, but noninterest income has lagged as trading revenue has weakened, refi demand has softened and fees from deposit service charges have barely budged. Is this the new normal?

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Has the Fed found a better long-term mortgage product?

09/13/17

Fed economists are suggesting a new mortgage product that would allow home buyers to build equity faster and give banks incentive to profitably hold the loans in portfolio.

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