It's the last week before Christmas! That means everyone is busy wrapping up the year and getting ready for the Holidays and 2018. Friday night, the Republican committee assigned to negotiate the bill, which strikes several compromises between the previous House and Senate legislations, including a compromise on the mortgage interest deduction.
TCF National Bank, a Minnesota-based depository, announced that it has completed its acquisition of Rubicon Mortgage Advisors, a mortgage lender with offices in Minnesota and North Dakota and licenses to operate in South Dakota, Wisconsin, Colorado, and California.
Aiming to avoid “even the potential appearance of a conflict of interest,” Federal Reserve Vice Chairman will recuse himself from matters involving Wells Fargo, the Fed announced Friday. Quarles said that he sold all of his stock in Wells Fargo after being confirmed as a Fed governor, but added that he is taking this “voluntary” […]
Waypoint Residential, a vertically integrated real estate investment firm focused on the U.S. rental housing sector, recently expanded its leadership team with four new hires. Here are the four new leadership members, their experience, and what they will be doing in their new roles at Waypoint Residential.
The former vice president and comptroller of a New York bank is facing charges that he took part in a scheme that defrauded warehouse lenders out of $12 million during the financial crisis. The indictment states that John Reimer allegedly “double-pledged” certain properties, meaning that he obtained multiple warehouse advances from more than one warehouse […]
Consumers grew slightly less optimistic headed into the holidays, however optimism still remains at historical highs. The largest decline in long-term economic prospects was recorded among Democrats, which reflected their concerns about the impact of the proposed changes in taxes.
Grand Homes, a homebuilder that operates in the Dallas-Ft. Worth metroplex, is getting into the mortgage business with help from PrimeLending. According to the companies, Grand Home Loans will begin mortgage lending in February 2018.
First time homebuyer demand surged to its highest level in 17 years during the third quarter of 2017. And for the first time since 2011, repeat homebuyer demand declined. The First-Time Homebuyer Market Report from Genworth Mortgage Insurance explains why first-time homebuyer demand continues to surge, even as other homebuyers wane.
The Home Mortgage Disclosure Act deadline looms closer, but many questions still remain unanswered. In part three of this 10-part series, experts explain what the new HMDA amendments mean for lenders, and what they need to do to prepare.