JPMorgan Chase CEO shed more light on the tough year for the mega bank, and how much the past year truly impacted the bank. Meanwhile, the housing recovery tells a much different story depending on where in the country you are looking.
Change is inevitable, and the wholesale lending space is definitely seeing a lot of it lately. But with bigger players like SunTrust moving out of broker lending, smaller players in the space are eager to find their footing.
EverBank Financial Corp debuted on the private-label residential mortgage-backed securitization scene Wednesday, becoming only one of a handful of issuers in that segment of the market. Jacksonville-based EverBank...
Melvin Luther Watt quietly slid into his office as the first appointed director of the Federal Housing Finance Agency. It was the end of last year, in mid-December. Christmas was coming and the markets were in the middle of the harshest winter in years. As he took over the office of Acting Director Ed DeMarco — himself the unassuming lightning rod for the nation’s housing policy — Watt gave no indication of what he intended to do with his new position; arguably the most powerful job in mortgage finance..
Crowdfunding has swept through large verticals of consumer finance, including student loans and credit card debt. And so, naturally, in a market of rising property values, the real estate market is the latest frontier for crowd-based financing. Read More
Like oxygen, warehouse lending is one of the mortgage industry’s essential life-supporting elements. And fortunately, the warehouse segment is in much better health today than it was six years ago, as we are back up to around 70 warehouse lenders at my last count. Read More