Jeb Bush: Current housing and debt situation unsustainable

Jeb Bush: Current housing and debt situation unsustainable

Is the clock ticking on the 30-year mortgage?

Senate banking committee passes massive regulatory relief bill

Big implications in legislation for housing and mortgage finance

Existing home sales crater in April, falling 3.3%

Spring buying stalls out after strong March performance
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Items Tagged with 'Fifth Third'

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Fifth Third posts $1.5B net income in 2014, down 19%

Mortgage activity down 51% from 2013
Trey Garrison
Fifth Third Bancorp reported full year 2014 net income of $1.5 billion, down 19% from net income of $1.8 billion in 2013 and with a big drop in mortgage activity. Here are the details.
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Fifth Third posts $340M 3Q net income

Mortgage banking revenue drops 21% from 2Q
Trey Garrison
Fifth Third Bancorp on Thursday reported third quarter 2014 net income of $340 million versus net income of $439 million in the second quarter of 2014 and $421 million in the third quarter of 2013.
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Fifth Third terminates relationships with wholesale loan brokers

Will focus on correspondent lending
Jacob Gaffney
"While this was an extremely difficult decision to make, we intend to build on our leadership position in the correspondent market and remain committed to purchasing loans from smaller financial institutions and independent mortgage companies," mortgage head says in letter.
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Here are 6 threats to Fifth Third's mortgage banking operations

Could this happen where you work?
Jacob Gaffney

These risks are real. For example, even if interest rates were to fall, mortgage originations may also fall. Any increase in mortgage originations may not be enough to offset the decrease in the MSRs value caused by the lower rates, the bank states.


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Fifth Third sets aside $69 million to pay lawyers

Bank manages fourth-quarter profit in litigious circumstances
Jacob Gaffney
Depending on who you believe, the fourth quarter results at Fifth Third came in either as expected or beat expectations.
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Citigroup markets private-label jumbo mortgage bonds

DBRS assigns high ratings to largest tranches
Jacob Gaffney
"Compared to other recently-issued prime jumbo transactions, this portfolio contains a very strong FICO score, combined LTV and DTI ratios with much less barbelled distributions," DBRS states.
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17th Bank Failure Could Cost $104 Million: Why?

Paul Jackson
The Federal Deposit Insurance Corp. continued its recent "freaky Friday" streak last week, stepping in at Bradenton, Fla-based Freedom Bank, after the Commissioner of the Florida Office of Financial Regulation closed the bank on Friday after market close. All deposits of the failed bank will head over to Grand Rapids, Mich.-based Fifth Third Bank, the FDIC said.
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