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The bank reported a first-quarter drop in net income that was the largest it had seen since 2003 and was largely driven by lower refinancing activity.
Since mortgage rates topped 5%, home prices appear to have tempered in certain housing markets.
Appraisal bias has been the subject of discussion on a national level as research shows that inequities in home lending and appraisal processes disproportionately impact communities of color.
Bank credits earnings increase in part to rising mortgage interest rates.
With a balance of $346.1 million, the New Residential Mortgage Loan Trust notes are secured mainly by Non-QM loans.
This year, non-qualified mortgages could be the game-changing lending solution for homebuyers and homeowners.
Terse email sent Thursday leaves many unanswered questions.
Firms enters a strategic partnership with Clear Capital to offer valuation quality control.
'Lenders are now pivoting to address increasing headwinds from higher loan origination costs and lower origination volumes.'
Seventh consecutive weekly increase says Freddie Mac