Troubled CRE loan delays merger plans for Arizona banks

By: ameer@trustedteam.com

Despite a credit-quality issue vexing Bancorp 34, its $28 million merger with another Arizona banking company — CBOA Financial — is on track for completion in the first quarter,...

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

By: ameer@trustedteam.com

Former loan officers of PHH Mortgage were handed a preliminary win as their class action lawsuit, which accuses the lender of improperly calculating overtime pay, was certified by a...

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PRPM raises $236.4 million in RMBS

By: ameer@trustedteam.com

Fitch Ratings views the home price values of the PRPM 2023-NQM3 pool as 9.1% above a long-term sustainable level. PRPM 2023-NQM3 Trust has issued residential mortgage pass-through certificates...

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How Much Can You Borrow In 2024?

By: ameer@trustedteam.com

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

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How the mortgage industry embraced generative AI in 2023

By: ameer@trustedteam.com

After beginning 2023 as a development to watch, artificial intelligence exploded in popularity to become the headline news of the summer, with its impact on every aspect of society...

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

By: ameer@trustedteam.com

The mortgage tech industry has taken its fair share of punches in 2023. But for Intercontinental Exchange, Inc. (ICE), it was a year of solidifying its dominance in the...

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How analysts see 2024 shaping up for mortgage lenders

By: ameer@trustedteam.com

Kyle Joseph, a specialty finance equity research analyst at Jefferies, believes that the worst of the current mortgage cycle may be behind us, a sentiment shared by most analysts...

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The 2023 housing market bent, but didn’t break

By: ameer@trustedteam.com

As we approach Christmas day, we can only hope that the Federal Reserve now realizes their fear of 1970s-style inflation created a rate-hike cycle that disproportionately impacted the U.S....

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FHA Loan Prep Versus Holiday Spending

By: ameer@trustedteam.com

December 22, 2023 House hunters who want a home in the new year, have many financial issues to worry about. One seasonal issue is holiday spending, and if you overextend...

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

By: ameer@trustedteam.com

Government-backed loans can be an early indicator of mortgage stress because borrowers tend to have less of a financial buffer against hardships than others, and in that regard Intercontinental...

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