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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How Much Can You Borrow In 2024?

December 27, 2023by

December 26, 2023 FHA loan limits increase in many housing markets in the United States in the new year. Higher...

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How the mortgage industry embraced generative AI in 2023

December 27, 2023by

After beginning 2023 as a development to watch, artificial intelligence exploded in popularity to become the headline news of...

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ICE solidifies position as the dominant player in the mortgage tech space in 2023

December 26, 2023by

The mortgage tech industry has taken its fair share of punches in 2023. But for Intercontinental Exchange, Inc. (ICE),...

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How analysts see 2024 shaping up for mortgage lenders

December 26, 2023by

Kyle Joseph, a specialty finance equity research analyst at Jefferies, believes that the worst of the current mortgage cycle...

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The 2023 housing market bent, but didn’t break

December 24, 2023by

As we approach Christmas day, we can only hope that the Federal Reserve now realizes their fear of 1970s-style...

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FHA Loan Prep Versus Holiday Spending

December 23, 2023by

December 22, 2023 House hunters who want a home in the new year, have many financial issues to worry about....

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Delinquencies up near-term but historically low ahead of ’24

December 22, 2023by

Government-backed loans can be an early indicator of mortgage stress because borrowers tend to have less of a financial...

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