Refinance

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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8 insights in the latest HMDA data

05/09/18

From falling originations to market share shifts for nonbanks and government loans, here's a look at key findings from the just-released 2017 Home Mortgage Disclosure Act data.

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Fannie Mae testing mortgages refinanced using Airbnb income

02/09/18

Quicken Loans, Citizens Bank and Better Mortgage are refinancing loans using Airbnb income as part of a pilot project with Fannie Mae.

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Mortgage refis seen plunging; ‘jackpotting’ ATMs

01/29/18

As interest rates go up, volume expected to drop to its lowest level since 2000; thieves can make cash machines release money “like winning slot machines.”

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U.S. cracks down on firms making predatory mortgages to veterans

12/07/17

The U.S. is taking steps to stamp out the practice of servicemembers and veterans being pressured into taking mortgages they don't need, a move that officials say will lower consumer costs and could lead to financial penalties for lenders.

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Digital mortgages advancing, but borrowers still want more speed

11/09/17

Despite digital mortgage advances, borrowers think it still takes too long to get a loan, J.D. Power finds in its annual customer satisfaction ranking of originators.

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12 markets hit hardest by slashing the mortgage interest deduction

11/09/17

Here's a look at the 12 housing markets with the largest percentages of mortgages over $500,000 — the new threshold House Republicans have proposed for the mortgage interest deduction in their tax plan.

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FHA losing customers rapidly as premiums spur refinancing

11/07/17

More FHA homeowners than expected are refinancing out of the program and into conventional mortgages, despite an increase in mortgage rates over the past year.

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Refi gambit draws flak at student loan servicer Navient

10/18/17

Navient has suspended stock buybacks to buy and expand a debt-refinancing firm that faces stiff competition from fintechs, and some shareholders aren’t happy.

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Nonbanks reclaim dominance in home lending, HMDA stats show

09/28/17

The share of purchase and refinance loans originated by nonbanks are at their highest point since at least 1995, according to an analysis of new Home Mortgage Disclosure Act data.

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