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Navigating the Mortgage Application Process: What to Expect After Finding Your Dream Home
Congratulations, your offer has been accepted, and you've found the house of your dreams! Even though the challenging part is finished, you still have to go through the mortgage application procedure before moving in. You must submit a...
Citi Mortgage Originations and Delinquency Up
Citigroup Inc. nudged up quarterly home lending. But the residential servicing portfolio continued its contraction, delinquency deteriorated, and mortgage earnings were weaker. In its third-quarter earnings report, the New York-based financial...
Another GSE MSR Offering Hits Market
For the second time in as many months, an offering of mortgage-servicing rights on close to $4 billion in government-sponsored enterprise loans with a Texas concentration has hit the market. The latest offering is for servicing rights on 15,843...
Chase’s Mortgage Earnings Sink, Lending Edges Up
A modest quarter-over-quarter rise in single-family lending at JPMorgan Chase & Co. didn't translate into more profit for the segment. Mortgage holdings expanded, and delinquency improved. During the three months that concluded on Sept. 30,...
Wells Earnings Climb as Mortgage Originations Drop
Quarterly earnings moved solidly higher at Wells Fargo & Co., though mortgage earnings and originations were down from a year ago. The servicing portfolio continued to be reduced. In its third-quarter earnings report, the San Francisco-based...
Executive Leads Recovery from Wells Fargo Scandals
CHARLOTTE, North Carolina -- Two summers ago, Mary Mack thought she'd just need three days in San Francisco at Wells Fargo & Co.'s headquarters to help her company prepare for something the public didn't know yet -- regulators were poised to...
Large Non-Performing GSE Portfolio Sells
A significant portfolio of non-performing government-sponsored enterprise single-family loans that hit the market last month has found a buyer. In September, the Federal National Mortgage Association offered a portfolio of 10,780 non-performing...
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Citi Mortgage Originations and Delinquency Up
Citigroup Inc. nudged up quarterly home lending. But the residential servicing portfolio continued its contraction, delinquency deteriorated, and mortgage earnings were weaker. In its third-quarter earnings report, the New York-based financial...
Another GSE MSR Offering Hits Market
For the second time in as many months, an offering of mortgage-servicing rights on close to $4 billion in government-sponsored enterprise loans with a Texas concentration has hit the market. The latest offering is for servicing rights on 15,843...
Chase’s Mortgage Earnings Sink, Lending Edges Up
A modest quarter-over-quarter rise in single-family lending at JPMorgan Chase & Co. didn't translate into more profit for the segment. Mortgage holdings expanded, and delinquency improved. During the three months that concluded on Sept. 30,...
Wells Earnings Climb as Mortgage Originations Drop
Quarterly earnings moved solidly higher at Wells Fargo & Co., though mortgage earnings and originations were down from a year ago. The servicing portfolio continued to be reduced. In its third-quarter earnings report, the San Francisco-based...
Executive Leads Recovery from Wells Fargo Scandals
CHARLOTTE, North Carolina -- Two summers ago, Mary Mack thought she'd just need three days in San Francisco at Wells Fargo & Co.'s headquarters to help her company prepare for something the public didn't know yet -- regulators were poised to...
Large Non-Performing GSE Portfolio Sells
A significant portfolio of non-performing government-sponsored enterprise single-family loans that hit the market last month has found a buyer. In September, the Federal National Mortgage Association offered a portfolio of 10,780 non-performing...
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