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Lending (1516)

Fed Minutes Show Split Over Rate Cuts

Fed Minutes Show Split Over Rate Cuts

Monday, 26 August 2019
Lending
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Federal Reserve policymakers disagreed more about the direction of interest rates than their 8-2 vote in favor of a 0.25% cut previously revealed, newly released minutes from their meeting last month show. So reports Reuters. Read more...
Fannie Adds Ex-FDIC Chair Sheila Bair to Board

Fannie Adds Ex-FDIC Chair Sheila Bair to Board

Tuesday, 27 August 2019
Lending
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Sheila Bair, who chaired the Federal Deposit Insurance Corp. during the financial crisis, has joined Fannie Mae’s board of directors, the U.S. mortgage financing agency announced. So reports Reuters. Read more...
Santander Banks Trims Mortgage Workforce

Santander Banks Trims Mortgage Workforce

Wednesday, 28 August 2019
Lending
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Santander Bank plans to cut 66 jobs this fall at its Villanova, Penn., mortgage offices, the bank revealed in a regulatory disclosure. So reports the Philadelphia Inquirer. Read more...
Sequoia Mortgage Capital CEO Arrested on Sexual Assault Charge

Sequoia Mortgage Capital CEO Arrested on Sexual Assault Charge

Thursday, 29 August 2019
Lending
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Jason Freskos, the president and CEO of Sequoia Mortgage Capital, has been arrested over an allegation that he sexually assaulted a woman during a recent trip to Hawaii. So reports Hawaii News Now. Read more...
Black Knight: July Prepayment Activity Hits Highest Level Since 2016

Black Knight: July Prepayment Activity Hits Highest Level Since 2016

Thursday, 22 August 2019
Lending
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Prepayment activity jumped 26% from June to its highest level in nearly three years and 58% above this time last year as falling interest rates continue to fuel refinance incentive. That's according to Black Knight's “first look,” which is based on its July 2019 month-end mortgage performance statistics derived from its loan-level database representing the… Read more...
Real Estate Startup FlyHomes Raises $141M

Real Estate Startup FlyHomes Raises $141M

Thursday, 22 August 2019
Lending
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FlyHomes, a real estate startup with a business model it compares to “a traditional broker with super powers,” has secured a fresh $141 million in debt and equity funding. So reports GeekWire. Read more...
Mutual of Omaha Bank-CIT Deal Leaves Out Mortgage Biz

Mutual of Omaha Bank-CIT Deal Leaves Out Mortgage Biz

Wednesday, 21 August 2019
Lending
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CIT Group has announced that it is buying Mutual of Omaha’s banking arm, Mutual of Omaha Bank, but the purchase does not include Mutual of Omaha’s mortgage business, Synergy One Lending. So reports TheStreet. Read more...
SEC Launches Probe of First American Security Lapse: Report

SEC Launches Probe of First American Security Lapse: Report

Tuesday, 20 August 2019
Lending
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First American is under investigation by the Securities and Exchange Commission over a cybersecurity lapse on its website that potentially exposed more than 885 million mortgage-related records dating to 2013. So reports cybersecurity blog Krebs on Security, which also broke the news of the data exposure. Read more...
Fannie Mae Predicts Rise in Refinances, Another Fed Rate Cut

Fannie Mae Predicts Rise in Refinances, Another Fed Rate Cut

Monday, 19 August 2019
Lending
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A new analysis by Fannie Mae forecasts that refinances will account for 35% of all new mortgages in 2019, up from 29% last year. So reports Yahoo Finance. Read more...
New Whitepaper: Treasury and Mortgage Rates Perspective, August 2019

New Whitepaper: Treasury and Mortgage Rates Perspective, August 2019

Tuesday, 13 August 2019
Lending
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Treasury yield plummeted at the beginning of August after a confusing post-meeting press conference by Fed Chairman Powell. That was followed by an escalation in the trade dispute between the U.S. and China. Read more...

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