What should be on a loan officer’s to-do list going into 2024

December 28, 2023by

'Tis the season to work a little harder. While many professionals are taking a break and spending time with...

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How loan originators survived a cutthroat mortgage business in 2023

December 28, 2023by

In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben...

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J.P. Morgan Mortgage Trust issues $257.8 million RMBS for second lien HELOCs

December 27, 2023by

Interest on a fixed pool of prime HELOCs is the collateral for pass-through certificates issued by J.P. Morgan Mortgage...

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Basel III endgame: 5 things to watch in 2024

December 27, 2023by

Michael Barr, vice chair for supervision at the Federal Reserve, left, shakes hands with Martin Gruenberg, chair of the...

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Home prices extend records, rising for a ninth straight month

December 27, 2023by

Home prices in the U.S. rose for a ninth straight month, reaching a fresh record as buyers battled for...

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Home price growth slows but should keep rising in 2024

December 27, 2023by

The Federal Housing Finance Agency's Home Price Index increased in October from September, but at a more modest pace...

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Hackers obtained Social Security numbers in Fidelity cyberattack

December 27, 2023by

Following a pre-Thanksgiving cyberattack at parent company Fidelity National, mortgage subservicer Loancare disclosed the degree of data compromise that...

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Troubled CRE loan delays merger plans for Arizona banks

December 27, 2023by

Despite a credit-quality issue vexing Bancorp 34, its $28 million merger with another Arizona banking company — CBOA Financial...

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Class action against PHH Mortgage for lack of OT pay gets certified

December 27, 2023by

Former loan officers of PHH Mortgage were handed a preliminary win as their class action lawsuit, which accuses the...

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PRPM raises $236.4 million in RMBS

December 27, 2023by

Fitch Ratings views the home price values of the PRPM 2023-NQM3 pool as 9.1% above a long-term sustainable level....

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