News Topic: mortgages

Speaking at a town hall event in Washington, D.C., JPMorgan Chase CEO Jamie Dimon said that post-crisis regulations have made mortgages too costly for consumers — and made homeownership unattainable for borrowers with low incomes or blemished credit ... Read full article

Opes Advisors has 39 locations in California, Oregon and Washington. The firm generated $3 billion in mortgages last year. ... Read full article

New research from the New York Fed confirms a lingering worry for the banking industry: More prime-age, college-educated borrowers are delaying the decision to take out their first mortgage as they focus instead on paying off their student loans. ... Read full article

The Federal Housing Finance Agency is facing criticism from bankers and credit unions over its planned pilot program to allow Fannie Mae and Freddie Mac to securitize manufactured housing loans. ... Read full article

Demographic trends continue to fuel demand for apartments, and there is a large volume of 2007 vintage loans up for refinancing, says Jeffrey Hayward, Fannie Mae's head of multifamily mortgage. ... Read full article

Implementation of the second phase of the common securitization platform had been projected for next year, but the anticipated time frame was delayed following "lessons learned" from the first phase. ... Read full article

Experian and Finicity have released a product that aims to speed up decisions on mortgage applications, using financial data aggregation technology. ... Read full article

The Trump administration's decision to slash all funding for the flood mapping and loss mitigation efforts in flood prone communities is getting push back from supporters of better management policies. ... Read full article

Banks are stepping up their efforts to win a key exception to the Consumer Financial Protection Bureau's "Qualified Mortgage" rule. ... Read full article

The debt is costing taxpayers $4 billion a year, but rather than forgive it Republicans remain focused on creating a private flood insurance market. ... Read full article

The company also seems to be shifting the narrative to operational performance after addressing claims of questionable insider dealings. ... Read full article

Rising interest rates have slowed a recent run of unexpectedly high prepayments of government-insured mortgages, making servicing rights for loans held in Ginnie Mae securities more attractive to investors. ... Read full article

On Dec. 31, 2016. Dollars in thousands. ... Read full article

Simultaneous spikes in home prices and mortgage rates have put an unusual squeeze on borrowers' purchasing power and require lenders to be proactive about protecting their loan pipelines. ... Read full article

Ben Carson is facing a turbulent housing market as he takes the reins of the Department of Housing and Urban Development, with mortgage rates rising, inventories tight and home prices higher. ... Read full article

Caliber will also buy about $36 million of mortgage-servicing rights in a deal that is expected to close at the end of March. ... Read full article

Biased housing finance practices perpetuate the wealth gap between whites and communities of color. ... Read full article

With mortgage rates and housing prices both expected to go up this spring, lenders are facing a decision on how they will adjust to the decline in refinancings and overall lending volumes. ... Read full article