Items Tagged with 'mortgage lending'

ARTICLES

Wyndham Capital Mortgage lays off 20% of its employees

'Appropriately aligns' lender with current market conditions
Wyndham Capital Mortgage, which is based in Charlotte, North Carolina, recently laid off 78 staff members as part of an effort to “appropriately align” the company’s operations with the current market conditions. The cuts represent more than 20% of the company's employees.
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SoFi prepares to launch first mortgage securitization

Plans to sell around $170 million in RMBS
SoFi is preparing for its first ever residential mortgage-backed security transaction just two years after breaking into the mortgage business. And looking over the presale report from Fitch Ratings, the pool of loans looks attractive. For starters, Fitch stated that the collateral attributes of the pool are among the strongest of its rated pools. And they’ve rated a lot of pools.
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Ally Bank gets back to mortgage lending big time

Introduces its new Ally Home mortgage offering
A few years after Ally Bank exited mortgage lending, it is now making its comeback as the bank re-enters the market in a much bigger way. The bank fell on hard times just after the housing crisis, but now announced its new home mortgage offering.
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From HW Magazine

2016 HW Vanguard Award winners

40 executives leading the mortgage industry
Amid the potential new direction from the White House, Congress and regulators, leadership in our industry is more important than ever. Which is why HousingWire is proud to present the 40 winners of our 2016 Vanguard award. These leaders from all segments of the mortgage ecosphere demonstrate that our industry is more than capable of meeting the challenges that lie ahead.
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Fannie Mae CEO reveals "next frontier" of mortgage lending

Here is the next big idea
The recent launches of initiatives such as the Day 1 Certainty program, the student loan venture with SoFi and progress with affordable lending under the HomeReady program underpin Fannie Mae's dedication to increase mortgage lending. Even so, you’d be hard pressed to guess the next big thing in lending. And now you don’t have to.
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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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