Freddie repurchase activity continued to be disproportionately high in the third quarter, though GSE buybacks and the pipeline of unresolved cases fell slightly. (Includes two data charts.)
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JPMorgan Chase and Wells Fargo, which account for over 40% of the industry mortgage banking income, reported sharply different results in their third quarter call reports. (Includes data chart.)
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TD Bank led the lending pack in terms of sequential growth in the third quarter: 76.2%, according to a new Inside Mortgage Trends ranking. Could this mark a sea change for banks in mortgages? Probably not. (Includes data chart.)
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Steven Stallard, owner of Insight One companies, launched a new specialty firm to provide targeted recovery, component servicing, legal, back-office and outsourcing services to mortgage lenders and servicers.
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Nonbank mortgage lenders and depositories live in a different world. Right? Yes and no. Inside Mortgage Trends ranks the top 20 home lenders by institution type. (Includes two data charts.)
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A new study found that the average interest rate in 2018 was 5.40% but a borrower paid as low as 4.24% in Hawaii or as high as 7.71% in Maine.
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Loan workout applications on the whole have improved, though new servicer metrics introduced by Fitch in the third quarter are showing some disparity in completion rates.
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Average home insurance premiums have risen in every state in the last decade largely due to the increased frequency and severity of natural disasters, a study by LendingTree’s QuoteWizards found.
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