Financing

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Mortgage income was down at JPMorgan Chase & Co., which doesn't expect much impact from the new tax law. Home lending and servicing declined.Prior to income tax expense, the New York-based organization earned $8.3 billion during the three months ended Dec. 31, not as much as $8.7 billion the same [...]
Fri, Jan 12, 2018
Source: Financing
Despite a surge in refinance share, quarterly and annual mortgage originations at Wells Fargo & Co. were lower, and a further decline is likely. Earnings also deteriorated.In its fourth-quarter earnings report Friday, the San Francisco-based financial institution disclosed $4.6 billion in income before income tax expense.Earnings were reduced from $6.8 [...]
Fri, Jan 12, 2018
Source: Financing
Weekly rates on single-family loans moved higher, and it was a similar story for monthly rates. Forecasts call for further ascension in the upcoming week and year.On conforming fixed-rate loans to finance a home purchase, LendingTree said its network of lenders offered annual percentage rates that averaged 4.42 percent in [...]
Thu, Jan 11, 2018
Source: Financing
A mortgage banking firm in the Midwest that generates a billion dollars in loan production annually is being acquired by Guild Mortgage Co.San Diego-based Guild issued an announcement Thursday indicating that it has reached an agreement to acquire Cornerstone Mortgage Inc.Cornerstone, which is based in St. Louis, was founded in [...]
Thu, Jan 11, 2018
Source: Financing
Last year, Americans' credit scores improved to the highest level in five years thanks to improving economic conditions. Credit scores progressively rise with age.During 2017, U.S. consumers had an average credit score of 675. The score that was utilized was the VantageScore.In addition to improving from 673 the previous year, [...]
Thu, Jan 11, 2018
Source: Financing