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Mortgage Loan News


The COVID-19 pandemic has set the Corpus Christi housing market on fire along with the rest of the nation. This is not what real estate agents expected. They predicted that the pandemic would shatter the market, bringing more woes to an already struggling economy. However, it opened a door of opportunity for many. More and …

While around 1.1 million homeowners remain on forbearance plans, the latest Mortgage Bankers Association (MBA) forbearance and call volume survey shows that as of October 24, 2021, the total number of loans in forbearance fell by six basis points, from 2.21% of the volume of the repairer portfolio the previous week to 2.15%. In terms …

Aerial view of residential area in South Florida icholakov Getty Images / iStockphoto Over the past 18 months, South Florida’s scorching real estate market has been celebrated and well documented in these pages and other media, and with good reason. Sales volume and prices have maintained extraordinarily high levels (especially in the luxury sector), with …

Together, Rocket Mortgage and Salesforce Financial Services Cloud will enable banks and credit unions to deliver fast, personalized customer experiences throughout the lending process. DETROIT, October 29, 2021 / PRNewswire / – Rocket mortgage, the largest mortgage lender in the United States and part of Rocket companies (NYSE: RKT), today announced a partnership with Salesforce …

A few weeks ago, The Associated Press and a nonprofit journalism firm called The Markup released a set of data and news articles purported to prove pervasive discrimination against racial minorities by lenders. mortgage. North Carolina’s McClatchy newspapers (The Charlotte Observer, The News & Observer in Raleigh, and Herald-Sun in Durham) broadcast the Markup / …

A submerged street sign on a flooded street after Hurricane Ida in Laplace, Louisiana, United States on Thursday, September 2, 2021. The electric utility that serves New Orleans has restored electricity in a small part of town after Hurricane Ida devastated the area. Grid. Photographer: Eva Marie Uzcategui / BloombergEva Marie Uzcategui / Bloomberg Hurricane …

Parents are giving their children about $ 1 billion a year from “Mommy and Daddy’s Bank”, dangerously fueling house price inflation, a leading mortgage broker has warned. Michael Dowling, who has held influential positions in the industry for many years, said that “everyone” working in the mortgage industry, including real estate agents and mortgage banks …

Citizens Financial Group (NYSE: CFG), with $ 187 billion in assets, has seen excellent growth, with the stock rising more than 49% in 2021. Like much of the banking industry, the Rhode Island-based lender has benefited from the economic recovery after a year 2020 difficult. While Citizens is a standard regional bank in many ways, …

“Organizations our size are constantly hiring people,” said Gorman. “We are under the same pressures that we see at the entrance, whether it is hotels, restaurants or call centers. There are a lot more jobs than there are people, and therefore there is upward pressure on what I call entry-level jobs. “ Key’s minimum hourly …

The volume of mortgage applications fell sharply last week, the second drop of more than 6 percent over the past three weeks. Refinancing fell for the fourth week in a row, and the volume of purchase requests also declined. The Mortgage Bankers Association (MBA) said its composite market index, which measures volume, was down 6.3% …