lending
Bank borrowing from Fed facilities stabilizes
Bank borrowing from the Federal Reserve’s discount window and newly established “super discount window” — as well as advances from the Federal Home Loan Bank System — have stabilized over the course of the week, indicating to some observers that the liquidity crunch that befell Silvergate Bank, Silicon Valley Bank and Signature Bank seems to … [Read more…]
New American Funding announces new partnership
Independent mortgage lender New American Funding has announced a partnership with Uqual, a full-service loan-readiness company, in pursuit of a shared vision to help first-time homebuyers through the hurdles of buying a home. New American Funding found that many people, especially in underserved communities, face too many obstacles when buying a home. Borrowers found themselves … [Read more…]
5 Bullish Indicators for a Stock
When it comes to figuring out when to buy a stock, there are two main schools of thought: fundamental analysis and technical analysis. Fundamental analysis involves all the material aspects of a company: its sales, revenue, profits, and so on â the day-to-day details of operations. Technical analysis, on the other hand, involves only looking […]
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Moody’s flags potential mortgage impacts at First Republic
First Republic Bank’s quality assessment as a servicer of prime residential mortgages had been put on review for potential downgrade as of Thursday night following deposit outflows and funding challenges. On a scale of one to five on which lower numbers indicate strength, the bank has had a servicer assessment SQ2-minus. “The review for possible … [Read more…]
FHFA sets timeline for credit score and reporting changes
The Federal Housing Finance Agency has released milestone dates for a process that would update consumer credit measures used in mortgage underwriting, make the use of various sources more competitive and potentially extend lending to more borrowers. The process, which is set to start next year, will be inclusive of mortgage companies and others affected … [Read more…]
Warehouse lenders facing fallout from industry woes
Recent bond-rating reports shine a spotlight on the deposit and investment-portfolio shortcomings of two banks offering warehouse lines â Comerica and Western Alliance.
With mortgage rates dropping, the conforming and jumbo loan spread narrows
Freddie Mac’s Primary Mortgage Market Survey showed on Thursday that the 30-year fixed-rate mortgage at 6.42% as of March 23, down 18 basis points from the previous week.
Why Do Mortgage Rates Go Down When the Fed Raises Rates?
Yesterday, the Federal Reserve raised its benchmark federal funds rate a quarter point (.25%). As a result, some may have expected consumer mortgage rates to also rise by .25%. So if the 30-year fixed were priced at 6.75%, it would climb to 7.00% due to the Fedâs action. But the opposite occurred. The 30-year fixed… Read More »Why Do Mortgage Rates Go Down When the Fed Raises Rates?
The post Why Do Mortgage Rates Go Down When the Fed Raises Rates? appeared first on The Truth About Mortgage.
Broad coalition of financial institutions support CDFI exemptions
Secretary Yellin should also re-assure CDFIs who had the courage to speak up against Director Harris’ dangerous new rules for the protection of America’s underbanked that they will not be retaliated against by the CDFI Fund through targeted exams, punitive grant decisions, or otherwise. There is increasing word that Director Harris’ CDFI Fund has engaged … [Read more…]