Originations

Fed study gauges toll of student debt on millennial homeownership

01/16/19

American homeownership has been on the decline, and Federal Reserve researchers point to the high cost of college as one culprit.

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Banks are feeling effects of shutdown: ABA

01/11/19

The American Bankers Association has called for an end to the government shutdown, saying it has prevented customers from securing loans and threatens even more damage.

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Servicers treating government shutdown like a natural disaster

01/04/19

As the government shutdown enters its third week, mortgage servicers are activating the response plans they normally use during hurricanes and wildfires to assist federal workers who may have trouble paying their mortgages.

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Challenges mount for mortgage lenders as shutdown persists

01/04/19

Borrowers and financial institutions may be feeling the strain from reduced operations at the FHA and IRS, which has suspended the release of certain income documentation during the budget impasse.

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SoFi is said to cut 7% of staff, revamp ailing mortgage unit

12/03/18

Social Finance, the lending and refinancing startup valued at more than $4 billion, is cutting about 7% of its staff, according to a person familiar with the matter.

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Conforming loan limits go up for 2019 as home prices keep rising

11/27/18

The sustained rise in home values will boost Fannie Mae and Freddie Mac's loan limits for 2019, marking the second consecutive year in which it increased by nearly 7%.

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Chase Bank to cut 400 mortgage jobs

10/05/18

JPMorgan Chase is eliminating 400 positions in its mortgage banking unit, the latest lender to trim staff as a result of lower-than-expected demand in 2018.

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USAA to cut 265 jobs in its real estate and mortgage lending divisions

09/24/18

USAA will be eliminating 265 home sales and lending positions, but it already has offered nearly 100 of the affected workers different jobs within its mortgage unit.

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Why it will be hard to find new CEOs for Fannie and Freddie

09/24/18

The CEOs of Fannie Mae and Freddie Mac are stepping down because the job they were hired to do — return the GSEs to profitability — is done. But attracting top-flight candidates to lead the mortgage giants into a new phase may not be easy.

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Fed to repeal originator licensing rules now governed by CFPB

09/21/18

The central bank said the proposal is intended to eliminate duplication of rules for entities covered by the Secure and Fair Enforcement for Mortgage Licensing Act of 2008.

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