Financing

Foreclosure.com

Flagstar Bancorp Inc. has picked up some of the employees impacted by Capital One Financial Corp.'s recent decision to get out of home lending.Back in November, Capital One announced plans to exit its mortgage business, noting that it's been too challenging to stay competitive and turn a profit.The decision [...]
Thu, Jan 18, 2018
Source: Financing
Last year's estimated refinance production has been raised, while the purchase-money estimate was lowered. Forecasts for both categories were lifted for this year and next year.Single-family loan originations by all lenders, including refinances and purchases, during the first-three months of 2018 are expected to come in at $335 billion.Home lending [...]
Thu, Jan 18, 2018
Source: Financing
A request for input from the Consumer Financial Protection Bureau's acting director about how to best protect consumers is troubling to at least one consumer advocate.On Wednesday, CFPB Acting Director Mick Mulvaney issued a notice indicating he was launching a review of the bureau's entire operation."In this New Year, and [...]
Thu, Jan 18, 2018
Source: Financing
New business during the final-three months of last year declined at MGIC Investment Corp., while delinquency rose. The book of business grew.Fourth-quarter 2017 earnings data released Thursday by the Milwaukee-based organization indicate income before taxes came in at $245 million.Income improved from the final quarter of 2016, when the total [...]
Thu, Jan 18, 2018
Source: Financing
A portfolio of more than $70 million in reperforming residential loans with a five-state concentration is being offered for sale to the highest bidder.The whole-loan offering is for approximately 309 reperforming first liens that have an aggregate unpaid principal balance of $71 million.More than three-quarters of the loans have been [...]
Thu, Jan 18, 2018
Source: Financing