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Lending (1516)

Genworth Launches IPO of Mortgage Insurance Business

Genworth Launches IPO of Mortgage Insurance Business

Saturday, 08 May 2021
Lending
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Genworth Financial has kicked off a flotation of shares in its mortgage insurance business. So reports the Richmond (Va.) Times-Dispatch. Read more...
Rocket Mortgage Enjoys Strong Earnings As Slowdown Looms

Rocket Mortgage Enjoys Strong Earnings As Slowdown Looms

Friday, 07 May 2021
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Rocket Mortgage has celebrated another robust earnings season, but later in the year that champagne might need to stay on ice. So reports the Detroit Free Press. Read more...
Forbearances Tick Up for First Time in 9 Weeks: Black Knight

Forbearances Tick Up for First Time in 9 Weeks: Black Knight

Saturday, 01 May 2021
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After seeing weekly declines for two months straight, the number of homeowners in active forbearance rose for the first time in nine weeks, according to data from Black Knight. Read more...
Bodnar of MMG: An Overwhelming Policy Response from the Fed, Administration

Bodnar of MMG: An Overwhelming Policy Response from the Fed, Administration

Saturday, 01 May 2021
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This week it is all about an overwhelming policy response from the Fed and Administration meeting the market response... and what stocks, bonds and the U.S. dollar think of it all, according to Bill Bodnar of the Mortgage Market Guide (MMG). Read more...
Veritex Bank Buys 49% of Thrive Mortgage for $53.9M

Veritex Bank Buys 49% of Thrive Mortgage for $53.9M

Saturday, 01 May 2021
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The holding company for Dallas-based Veritex Community Bank is spending $53.9 million in cash for a 49% stake in Georgetown, Texas-based Thrive Mortgage. So reports The Dallas Morning News. Read more...
Fed Sticks with Near-Zero Interest Rates as Inflation Rises

Fed Sticks with Near-Zero Interest Rates as Inflation Rises

Saturday, 01 May 2021
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The Federal Reserve has held its benchmark interest rate near zero, saying that vaccine distribution has boosted the U.S. economy but remaining committed to strong stimulus. So reports Yahoo Finance. Read more...
Economy Revs Up With 6.4% GDP Gain in First Quarter

Economy Revs Up With 6.4% GDP Gain in First Quarter

Saturday, 01 May 2021
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The U.S. economy roared to life to start the year, as a government report found that gross domestic product climbed by an annualized 6.4% in the first quarter. So reports CNBC. Read more...
Flagstar Bought By New York Community in $2.6B Deal

Flagstar Bought By New York Community in $2.6B Deal

Saturday, 01 May 2021
Lending
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New York Community Bancorp is purchasing Troy, Mich.-based Flagstar Bank in a tentative $2.6 billion agreement. So reports the Detroit Free Press. Read more...
8th Straight Week of Forbearance Improvement: Black Knight

8th Straight Week of Forbearance Improvement: Black Knight

Sunday, 25 April 2021
Lending
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Once again, forbearance volumes improved, edging slightly lower (-1,000) since last week. This is typical of the mid-month lull in improvement, according to Black Knight. Read more...
Bodnar of MMG: No News Is Good News

Bodnar of MMG: No News Is Good News

Sunday, 25 April 2021
Lending
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Bill Bodnar of The Mortgage Market Guide says no news was good news during the week. Bond prices followed the path of least resistance: higher--thereby pushing rates to the lowest level in nearly two months--back beneath 3.00% on average. Read more...

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