Average loan sizes generally declined in the agency market last year. But rising mortgage rates pushed agency DTI ratios higher as the year went on. (Includes three data charts.)
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Wells Fargo is no longer in love with the mortgage business. We all know that, but is the bank contemplating large-scale sales of its massive MSR portfolio? Not likely.
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The Consumer Financial Protection Bureau wants nonbanks to submit information about terms and conditions they use in form contracts that might restrict consumer rights and protections.
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Earnings season has arrived for the largest publicly traded depositories. Included in the results: home lending, where a brutal correction continues and depositories are rethinking their roles.
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In a reissued bulletin, the mortgage giant said it will allow some duty-to-serve cash-out refinances to receive 0% credit fee caps because of the confusion caused by an earlier notice.
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Plaintiffs hope that a pattern of illegal contract interference and the theft of trade secrets will justify RICO charges — and treble damages — against the Ohio lender.
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The regulator of Fannie and Freddie wants the enterprises to pay close attention to the asset values their customers are placing on their MSR portfolios. Meanwhile, the mortgage company IPO market is dead. Right?
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