Items Tagged with 'mortgage lending'


M&T Bank launches mortgage assistance program for minority neighborhoods

Available in New Jersey, Connecticut, New York, Pennsylvania and Delaware
Aiming to help underserved borrowers buy a home, M&T Bank announced a new mortgage subsidiary program for certain minority neighborhoods in New Jersey, Connecticut, New York, Pennsylvania and Delaware. According to M&T Bank, the program will allow qualifying homebuyers who are purchasing or refinancing properties in targeted neighborhoods to receive mortgage assistance that can exceed $10,000.
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Banks finally want to originate mortgages again

Loans now profitable
A lot of banks took a long hard look at mortgage origination after the financial crisis and decided they want to clean their hands of the industry that fueled America’s collapse. Now, nearly a decade later, banks are starting to rethink that decision to stay away.
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CoreLogic economist: Here's a current snapshot of the mortgage credit market

Macro highlights at ABS East
Where are we in the credit cycle? How will credit markets react to the upcoming election? Has the pendulum swung too far when it comes to mortgage underwriting? These were some of the questions raised and answered at ABS East. Frank Nothaft, chief economist with CoreLogic, shares his insights on the state of the mortgage market as witnessed at ABS East.
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Managing spikes (and dips) in mortgage volume

Hint: Pick the right tech partner
According to the Mortgage Bankers Association, refinance applications jumped more than 100% in the first few weeks post-‘Brexit’ as compared to a year ago, and many lenders found themselves over capacity and struggling with the increase in volume. Here's how to keep up.
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Freedom Mortgage acquires Sterling National Bank mortgage lending business

Expands presence in New York
Freedom Mortgage Corporation is increasing its presence in the state of New York by acquiring the residential mortgage lending business of Sterling National Bank, the principal subsidiary of Sterling Bancorp. The deal represents Freedom Mortgage's second significant acquisition in just over a month, as the company pushes to expand its business.
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MBA: Refinance rush pushes mortgage applications back up

Demands grows after several weeks of decline
The demand for refinance applications rekindled as applications surged, driving applications as a whole higher. While refinance applications have dropped the last several weeks, they were actually booming about a month ago in the wake of Brexit. Now according to this report, the boom is back.
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Meet HousingWire’s 2016 Women of Influence

You deserve all the recognition
Ranging from marketing and technology to economics and compliance, these ladies have all left an incredible impact in their fields, and they deserve to be recognized. As someone who gets to interview and speak with many of you, I would like to extend my deepest congratulations. You deserve all the recognition.
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Women of Influence 2016

HousingWire recognizes the most influential women in housing
Some of our 2016 award winners have worked their way up in traditional mortgage companies, while others started their own businesses. They have made their mark in marketing, technology, economics, compliance, asset management, operations and business development.
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Republic Bank expands into mortgages with Oak Mortgage acquisition

Growing Philadelphia-based bank will now offer mortgages
Republic First Bancorp, the parent company of Republic Bank, announced Tuesday that the Philadelphia-based bank acquired is planning to expand into mortgage lending with the acquisition of Oak Mortgage Company. Both companies view the deal as an opportunity to expand. Here's why.
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