NEW YORK (Reuters) – When Kristin Tassi bought her house in Chicago two years ago, she was disappointed to get an interest rate of 4% on her mortgage. All of her friends had lower rates. Experts said rates were on the way up from that point forward, but Tassi ... More »
(Reuters) – Wells Fargo & Co (WFC.N) is boosting its teams that process mortgage loans to prepare for higher mortgage volumes, changing course after it laid off about 1,000 employees here in the division in 2018, according to a memo viewed by Reuters. Many of ... More »
Morgan Stanley plans to bring its mortgage origination business in-house to improve customer service and generate more business, two people familiar with the matter told Reuters on Friday. More »
FILE PHOTO: Flags fly over the Federal Reserve Headquarters on a windy day in Washington, U.S., May 26, 2017. The Federal Reserve’s plan for shrinking its massive balance sheet envisions a future with no holdings of mortgage bonds, a prospect that could presen... More »
FILE PHOTO: New home construction is seen in San Diego, California, U.S. on August 21, 2015. REUTERS/Mike Blake/File Photo U.S. mortgage lenders are bracing for rockier times as consumers demand for home loans slows and competition in the mortgage industry int... More »
The Morgan Stanley logo is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) in New York, U.S., April 19, 2017. REUTERS/Brendan McDermid Morgan Stanley is developing a new digital mortgage application tool in a bid to ... More »
A Wells Fargo branch is seen in the Chicago suburb of Evanston, Illinois, U.S. on February 10, 2015. REUTERS/Jim Young/File Photo A federal judge on Thursday said Wells Fargo & Co (WFC.N) must face litigation seeking to hold it responsible for billions of doll... More »
A real estate sign advertising a new home for sale is pictured in Vienna, Virginia, U.S. October 20, 2014. REUTERS/Larry Downing/File Photo Refinancings’ share of U.S. mortgage applications shrank to its lowest level since late 2008 at the peak of the global c... More »
China’s banks in some big cities have started to lower discounts on lending rates for fist-time home buyers, the China Securities Journal reported on Thursday, joining recent steps to curb financial risks stemming loose credit conditions. More »
The headquarters of Germany’s Deutsche Bank is photographed early evening in Frankfurt, Germany, January 26, 2016. REUTERS/Kai Pfaffenbach/File Photo Deutsche Bank (DBKGn.DE) will solve its problems without relying on help from Berlin, Germany’s flagship lende... More »
NEW YORK Just as mortgage bankers were preparing for the end of a historic boom driven by low interest rates, borrowers have begun knocking at their doors again. In earnings reports last week, JPMorgan Chase & Co (JPM.N), Wells Fargo & Co (WFC.N) and Citigroup... More »
NEW YORK Availability of U.S. home loans fell in June as some investors stopped making certain type of adjustable-rate mortgages, the Mortgage Bankers Association said on Monday. The Washington-based group’s mortgage credit available index fell 1.3 percent to ... More »
