Waterstone Mortgage has best quarter in two years
National Mortgage News
by Brad Finkelstein
12h ago
The second quarter for the subsidiary of Waterstone Financial posted its highest net income since the same period in 2022, while its volume was the most in seven quarters ..read more
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Real estate-heavy bank lays out a strategy overhaul
National Mortgage News
by Catherine Leffert
12h ago
First Foundation in Dallas recently got a $228 million capital injection led by Fortress Investment Group. Now it's announced plans to pivot away from its heavy focus on multifamily loans, which lost value as interest rates rose ..read more
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Regulators issue joint warning on bank-fintech risks
National Mortgage News
by Ebrima Santos Sanneh
12h ago
While the federal banking agencies are not changing any current rules, they issued a joint statement Thursday cautioning banks about risks in third-party deposit partnerships. They are also seeking public input on bank-fintech partnerships more generally ..read more
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How a Kamala Harris presidency could impact housing
National Mortgage News
by Riley Edenbeck
18h ago
As the vice president gathers support from the Democratic party in hopes of securing the nomination, attention has turned to her policies, some of which aim to boost affordable supply ..read more
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Housing: The issue everyone is thinking about but not talking about
National Mortgage News
by Kyle Campbell
20h ago
Despite being a top concern for a wide swath of voters, housing affordability has largely been absent from presidential politics ..read more
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End title waiver pilot, state attorneys general letter to FHFA says
National Mortgage News
by Brad Finkelstein
23h ago
A group of 14 state attorneys general, led by Tennessee, joined the chorus of opposition to the Fannie Mae pilot to not require title insurance on certain refinances ..read more
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Median monthly payment on a new mortgage drops
National Mortgage News
by Spencer Lee
23h ago
Moderating price growth and higher wages are leading to affordability relief, according to the Mortgage Bankers Association ..read more
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Mortgage rates rise on anticipation of economic news
National Mortgage News
by Brad Finkelstein
23h ago
But following the gross domestic product and personal consumption expenditures reports, Treasury yields and mortgage rates fell ..read more
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Mr. Cooper buy of Flagstar servicing tilts the scales toward nonbanks
National Mortgage News
by Bonnie Sinnock
23h ago
Third-party origination operations are also going to Mr. Cooper in the $1.4 billion deal, in which the seller cited interest in improving its capital position ..read more
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Economy grew faster than expected last quarter on firm demand
National Mortgage News
by
23h ago
U.S. economic growth accelerated by more than forecast in the second quarter, illustrating demand is holding up under the weight of higher borrowing costs ..read more
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