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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First Community Bank of Tennessee buying mortgage lender

01/14/21

The bank agreed to acquire A Mortgage Boutique, which operates in six states.

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PenFed touts substantial membership, loan growth for 2020

01/13/21

The nation's third-largest credit union saw a huge lending spike in 2020, especially in its mortgage division, while membership grew by 159%, thanks in part to merger activity.

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Credit Suisse to post 4Q loss tied to U.S. legal woes

01/08/21

The Swiss banking giant is expected to set aside $850 million for litigation costs stemming from a long-running dispute with bond issuer over the sale of mortgage-backed securities.

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Credit union groups continue remote notarization push

01/07/21

While some legislatures have extended provisions temporarily allowing online notaries, other lawmakers are pushing for those rules to be made permanent.

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How long will credit unions' respite on problem loans last?

01/05/21

Stimulus payments and deferrals have helped borrowers stay current, but lenders must brace for a capital hit when those benefits eventually run out.

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Lenders to small landlords brace for credit losses

01/04/21

The recent stimulus law’s relief for renters and extension of the federal eviction ban were meant to ward off a housing crisis. But owners of 1- to 4-unit dwellings still face mounting mortgage and property tax debts, and delinquencies could start rising soon — followed by foreclosures.

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First Reliance in S.C. cites growth push in announcing executive moves

12/28/20

The company promoted two executives as part of an effort to revamp its leadership team and establish a bigger presence in the Carolinas.

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End of refi boom could put squeeze on credit unions in 2021

12/22/20

Demand for home purchases and car loans would need to increase substantially to make up for what's expected to be a sharp drop in refinancing revenue.

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'Seriously delinquent' mortgages remain elevated, OCC says

12/16/20

The percentage of seriously-delinquent loans hit 5.8% in the third quarter, up from 1.5% a year earlier but down from 6.8% in the second quarter.

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