First-time homebuyers have more problems to face than just dwindling supply and higher demand: Income requirements for mortgage lending are also on the rise.
Read More »FFIEC Releases 2013 HMDA Lending Data to Public
The data on 2013 mortgage lending transactions at thousands of U.S. financial institutions was made available starting Monday, the Federal Financial Institutions Examination Council (FFIEC) announced.
Read More »Beige Book: Economic Conditions Improved Since Q1 2014
In its latest Beige Book, released Wednesday, the Federal Reserve noted economic activity has expanded in recent months, with the pace of growth "characterized as moderate in the Boston, New York, Richmond, Chicago, Minneapolis, Dallas, and San Francisco Districts, and modest in the remaining regions."
Read More »PNC Reports Q1 Income of $1.1 Billion
PNC Financial Services Group released its quarterly earnings, reporting a net income of $1.1 billion, or $1.82 per diluted common share. While net income was positive, it didn't reach as high as the fourth quarter of 2013, when net income was $1.1 billion or $1.87 per diluted common share.
Read More »Caliber Home Loans Welcomes New Regional VP
Caliber Home Loans, a residential mortgage origination and servicing company, announced Wednesday Jim Foley had joined the company as Regional Vice President for the Washington D.C., Maryland, and Virginia territories.
Read More »Pallotta, MP of LVG–The Science of Borrower Outreach & HARP – Jul 23,2013
[ca_audio url_mp3='http://blogtalk.vo.llnwd.net/o23/show/5/140/show_5140005.mp3' css_class='codeart-google-mp3-player' autoplay='false' download='false' html5='false']Frank Pallotta, Managing Partner of the Loan Value Group, discusses high risk borrower outreach and HARP origination. Loan Value Group's mission and focus is to offer a large-scale, low-cost, turn-key operating platform to positively influence ...
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