The stock market posted a strong surge this morning on the news that resales of U.S. homes increased 10.1 percent in October to a seasonally adjusted annual rate of 6.10 million, according to the National Association of Realtors (NAR_. Lawrence Yun …
He retired as vice chairman of Credit Suisse First Boston in 2002. WASHINGTON (AP) – Fannie Mae said Monday that it named Jonathan Plutzik, a former Credit Suisse executive, to its board directors. The government-backed mortgage financier said …
He retired as vice chairman of Credit Suisse First Boston in 2002. WASHINGTON (AP) – Fannie Mae said Monday that it named Jonathan Plutzik, a former Credit Suisse executive, to its board directors. The government-backed mortgage financier said …
NEW YORK — Mortgage finance company Freddie Mac said Monday it could lose $500 million or more as a result of the bankruptcy protection filing of Taylor, Bean & Whitaker Mortgage Corp. In a regulatory filing with the Securities and Exchange …
Interest rates aren’t going up any time soon, but when they do the rise will be rapid enough to potentially prove devastating for homeowners who aren’t prepared, mortgage industry experts say. Because of this, mortgage lenders and brokers have a …
NexBank, a leading North Texas banking and financial services company, today unveiled a plan to expand its retail and wholesale mortgage divisions to further enhance its developing service operation among a growing network of homeowners, real estate …
This chart from Bloomberg shows the option-adjusted spread (OAS) on current coupon Ginnie Mae MBS, as calculated by Merrill Lynch ( BAC ). Spreads peaked about a year ago, just after the Fed began its quantitative easing program which ended up more …
I recently came across an interesting chart I thought I’d share, that shows mortgage rates often trend lower at the end of the year. The data above was culled from FHLMC’s data that is published weekly. Please note, that this data also tracks the …
TORONTO – Interest rates aren’t going up any time soon, but when they do the rise will be rapid, mortgage industry experts say. Because of this, mortgage lenders and brokers have a responsibility to help home buyers assess their capacity to make …
Wells Fargo & Co. , the nation’s top residential lender and the 10th largest bank in the Milwaukee area, was unseated in the third quarter as its mortgage originations fell by about more than 25 percent over the prior quarter. The decline moved Bank …
