Bank of America: 'We provide all required MSR documents'

Bank of America: 'We provide all required MSR documents'

Responds to Ginnie Mae MSR transfer block

17% of homes with a mortgage seriously underwater

Share of underwaters continues slow decline

Here are 5 bold mortgage predictions from KBW

Q1 mortgage volume predicted to be $20 billion lower
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Items Tagged with 'Wells Fargo'

ARTICLES

No, it's not that bad: It's worse

All indicators point down unless you want to metricize hope and spin
April 16, 2014
This year is already one-third in the books, and everyone is waiting for that fabled “pent-up housing demand” to announce its presence. But if it’s coming, it’s taking its sweet time.
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Is Federal housing money supporting big bank balance sheets?

FHLB lending surges to Bank of America, Citi, JP Morgan and Wells
April 16, 2014
Top banks withdrew a surge in secured loans, known as advances, meant to promote housing finance, reversing a decline that bottomed at $381 billion in early 2012. Instead, it may be used to meet international banking requirements.
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Wells Fargo to expand acceptance of e-sign docs

April 15, 2014
The move comes months after the Federal Housing Administration’s announcement that it would be accepting more electronic signatures on mortgage-related documents as well.
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United Wholesale Mortgage launches non-QM program for jumbo borrowers

Interest in non-QM is growing
April 14, 2014
United Wholesale Mortgage, one of the nation’s largest wholesale lenders, launched a new program called ‘Big & Easy Plus,’ which is design for non-QM Jumbo loans.
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Mortgage reductions dent M&T Bank earnings

Mirrors market trends
April 14, 2014
The largest factor adding to the fall from a year prior was a $13 million decrease in mortgage banking revenues, resulting from lower originated loan volumes.
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Monday Morning Cup of Coffee: Will Citi follow in JPMorgan, Wells Fargo footsteps?

Also, criticism grows for FHA fees
April 13, 2014
In an important week on earnings, analysts lay out the scenario of performance for Citigroup. Plus, mortgages are growing at smaller lenders, criticism of the FHA continues, and the investor plan to buy a Baltimore bank appears in jeopardy.
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Mortgage operations suffer differently at JPMorgan and Wells Fargo

Analyst breaks down the difference
April 11, 2014
Wells Fargo and JPMorgan Chase reported their first quarter earnings. Mortgage operations continue to suffer at both, but in very different ways.
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Here's one thing Wells Fargo doesn't see in its future

CEO Stumpf optimistic for the future of housing
April 11, 2014
Wells Fargo’s net income increased 14%, falling in line with industry expectations. However, in order to stay up with today's changing lending environment, the bank's plan on what NOT to do will surprise you.
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Wells Fargo first quarter mortgage originations way down

Making money on MSRs
April 11, 2014
During the first quarter, residential mortgage originations were $36 billion, down from $50 billion in fourth quarter 2013 while the gain on sale margin was 1.61%, compared with 1.77% in the fourth quarter.
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2 charts show exactly how the mortgage pipeline is drying up

Rising rates, affordability gap squeeze originations
April 11, 2014
A preview of where originations are going can be found in the Wells Fargo and JPMorgan Chase first quarter reports.
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