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Mortgage Standards Continue to Loosen
1/18/2018 5:32 AM
Home lenders have continued to loosen their standards compared to a year ago as turnaround has improved over the period. Refinance share was the widest it"s been 10 months.....Conventional mortgages accounted for 66 percent of all residential loans closed during December. The share was the same as it was in the final month of 2016.....M...Read More
Home Lending, Servicing Rise at U.S Bank
1/18/2018 5:32 AM
Home lending inched up from the previous quarter at U.S. Bancorp, as did the size of its servicing portfolio. There was quarter-over-quarter deterioration in delinquency.....From Oct. 1, 2017, through the end of the year, income before taxes came to $1.4 billion, according to fourth-quarter earnings data released Wednesday.....Income at...Read More
Home Builder Confidence Slips But Still Strong
1/18/2018 5:32 AM
Optimism among the nation"s home builders slipped in the first month of the new year as buyer traffic wained. Sill, the sector remains very optimistic about the rest of this year.....This month, the Housing Market Index came in at 72. The index reflects home builders" perceptions of current buyer traffic, current sales and ex...Read More
BofA Mortgage Losses Widen, Originations Off
1/18/2018 5:32 AM
As home lending slowed and loan servicing diminished at Bank of America Corp., mortgage losses widened. Mortgage assets expanded, though.....The fourth-quarter earnings report from the Charlotte, North Carolina-based bank-holding company indicated income before income taxes was $6.2 billion.....Earnings improved from $5.8 billion during...Read More
Weekly Mortgage Applications Climb
1/18/2018 5:32 AM
A nice improvement in mortgage applications was recorded from the week that included New Year"s. The gain came even as interest rates reached a 10-month high.....In the seven days that finished on Jan. 12, the Market Composite Index ascended more than a seasonally adjusted 4 percent from the preceding week.....But when seasonal f...Read More