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Mortgage Profit Slide Hurts JPM, Wells' Earnings
A decline in mortgage refinancing was blamed in part for the second consecutive decline in quarterly profits posted by Wells Fargo & Co. The biggest U.S. home lender reported second quarter net income of $5.72 billion compared to $5.73 billion in
Foreclosure Inventory Rapidly Disappearing
More than a quarter of the national foreclosure inventory that existed in May 2014 had been absorbed by May of this year and completed foreclosures saw only slightly less improvement. CoreLogic said today that the inventory of properties in the process
First-time Buyers are Younger, Less Sophisticated, Poorer – but Not Riskier
A working paper just released by the Federal Housing Finance Agency (FHFA) attempts to determine the reasons why mortgages given to first-time homebuyers perform more poorly than those given to repeat buyers. The Marginal Effect of First-Time Homebuyer
Latest Articles
By John Gittelsohn August 24, 2020, 4:00 AM PDT Some of the largest real estate investors are walking away from Read More...
Late-Stage Delinquencies are SurgingAug 21 2020, 11:59AM Like the report from Black Knight earlier today, the second quarter National Delinquency Survey from the Read More...
Published by the Federal Reserve Bank of San FranciscoIt was recently published by the Federal Reserve Bank of San Francisco, which is about as official as you can Read More...