There comes a time in all of our lives when we have to say goodbye to a family member or friend. If you were close with the person who passed away, you might discover that theyâve left you something in ⦠Continue reading â
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First Republic grew rapidly in Boston catering to real estate … The Boston Globe
The top four RealTrends 500 brokerage firms maintained their 20% market share in the U.S. But, low-cost firms gained market share.
Buyers continue to feel the pinch from high mortgage rates and still-elevated home prices. But those committed to buying a new home are really committed, LOs said.
The Volcker Rule was established following the Great Recession of the late 2000s and early 2010s. Essentially, the law stops depository banks from making risky and speculative investments with customer deposits. Furthermore, it prohibits banks from owning and investing in ⦠Continue reading â
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“Higher mortgage rates and home prices led to continued erosion in homebuyer affordability in February,” said Edward Seiler, MBA’s associate vice president of housing economics. “Many prospective homebuyers continue to feel this affordability squeeze, with the typical purchase application loan amount increasing $8,003 over the month to $320,003.” Other key findings were: The national median … [Read more…]
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…]
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.
Prepayment activity nearly doubles between January and June, but with refi near record lows, season impacts will be more noticeable.
Mortgage applications came in higher again last week, as more consumers took advantage of another pullback in mortgage rates, according to the Mortgage Bankers Association. The MBA’s Market Composite Index, a measure of weekly loan volume based on surveys of association members, increased 3% on a seasonally adjusted basis for the seven-day period ending March … [Read more…]