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Coming Up:
New York Community Bancorp, Flagstar Bancorp Delay Merger To October
Companies amend the merger agreement to provide that the combined company's banking operations will operate under a national bank charter.
Foreclosure Activity Sets Post Pandemic Highs
Report shows foreclosure filings up 132 percent from a year ago
Mortgage Banker
Homebuyer Affordability Declined In March
The national median payment applied for rose from $1,653 in February to $1,736 in March.
CFPB: Forbearance Programs Worked
A significant number of homeowners have transitioned out of forbearances over the last year
Mortgage Banker
Freddie Mac Earnings Up 37% In 1Q 2022
New business activity, however, was down 43% YOY as refinance activity moderated.
Originators Are Having a Different Discussion
With rates rising, the sales conversation has to become broader
Mortgage Banker
Follow The Money
Where lenders put their assets will determine how well they cope with rapid market changes.
Mortgage Banker
Newrez Hires Neenu Kainth As Chief Digital Officer
Fortune 500 veteran comes from a similar role at Mr. Cooper
Pending Home Sales Fall Again
Pending home sales fell for the fifth consecutive month, according to the National Association of Realtors pending home sales index.
KBRA Assigns Preliminary Ratings To $569.1M Non-QM Offering
The CSMC 2022-NQM3 Trust RMBS offering comprises 1,137 residential mortgages characterized by a significant concentration of loans underwritten using alternative income documentation.