The overall mortgage delinquency rate declined to 2.79% in August from 3.6% in July, according to a report by Black Knight. The delinquency rate is just 4 basis points above the historic low of 2.75% in May 2022. August saw 20,300 foreclosure starts, a 15% … Continue readingMortgage delinquency rate nears historic low
The overall mortgage delinquency rate declined to 2.79% in August from 3.6% in July, according to a report by Black Knight. The delinquency rate is just 4 basis points above the historic low of 2.75% in May 2022. August saw 20,300 foreclosure starts, a 15% … Continue readingMortgage delinquency rate nears historic low
Amid a decline in mortgage business, Wells Fargo last week notified Iowa state authorities of its plans to lay off 36 employees. The workforce reduction came from its Des Moines, Clive, Ankeny and West Des Moines offices, according to a WARN notice filed in the … Continue readingWells Fargo discloses another layoff in Iowa
Amid a decline in mortgage business, Wells Fargo last week notified Iowa state authorities of its plans to lay off 36 employees. The workforce reduction came from its Des Moines, Clive, Ankeny and West Des Moines offices, according to a WARN notice filed in the … Continue readingWells Fargo discloses another layoff in Iowa
In the quest to extend homeownership to everyday Americans, local lenders—a segment that includes credit unions, community banks and independent mortgage banks serving communities across the country—play a vital role. The only banking presence in one in five U.S. counties, local lenders help millions of … Continue readingHow local lenders can support homeownership in today’s housing market
In the quest to extend homeownership to everyday Americans, local lenders—a segment that includes credit unions, community banks and independent mortgage banks serving communities across the country—play a vital role. The only banking presence in one in five U.S. counties, local lenders help millions of … Continue readingHow local lenders can support homeownership in today’s housing market
Higher mortgage rates, lower volume and fiercer competition forced BayFirst National Bank to shut down its residential mortgage business and lay off staffers. BayFirst Financial Corp., the parent company of BayFirst National Bank, announced last week that its board of directors started the process of … Continue readingBayFirst National Bank withdraws from residential mortgage business
Higher mortgage rates, lower volume and fiercer competition forced BayFirst National Bank to shut down its residential mortgage business and lay off staffers. BayFirst Financial Corp., the parent company of BayFirst National Bank, announced last week that its board of directors started the process of … Continue readingBayFirst National Bank withdraws from residential mortgage business
These days, every week brings a new report, forecast or piece of news reminding us that the mortgage lending market is in uncharted waters. Mortgage demand fell 6% week over week at the end of July. Applications dropped 7% in the same period. The national … Continue readingOpinion: Customer service is a lender’s greatest strength
These days, every week brings a new report, forecast or piece of news reminding us that the mortgage lending market is in uncharted waters. Mortgage demand fell 6% week over week at the end of July. Applications dropped 7% in the same period. The national … Continue readingOpinion: Customer service is a lender’s greatest strength