How did Wells Fargo and Bank of America’s mortgage businesses perform in the third quarter?

Housing Wire

The bank originated $62 billion in home loans during the third quarter, up 5% from $59 billion in the prior quarter. Such a move suggests the banking giant is comfortable with its balance sheet and that mortgage defaults would be stable in the upcoming quarter.

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US Bank Mortgage Review for 2020

The Morgtage Report

Review of US Bank Mortgage showing how the company compares to other top lenders for mortgage rates, service, complaints, and loan products.

Banks 72

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STANDARD CHARTERED BANK

Rent, Buy & Sell

INTRODUCTION: Standard Chartered is an international banking and finance company operating a network of >1,200 outlets and branches including associates, joint ventures, and subsidiaries across >70 countries. The bank began to issue the Hong Kong dollar banknotes in 1862.

Banks 52

People movers: Gateway First Bank, Promontory MortgagePath and Mortgage Solutions Financial

Housing Wire

Gateway First Bank officially named Scott Gesell CEO and general counsel after serving as CEO on an interim basis since April 3. The post People movers: Gateway First Bank, Promontory MortgagePath and Mortgage Solutions Financial appeared first on HousingWire.

Banks 165

Quickly pay agents and accept deposits with Bank Shot

Inman

The pandemic has pushed every aspect of the transaction deep into the digital age, and this broker-developed app called Bank Shot continues to help everyone get their money faster.

Banks 70

Better.com’s Vishal Garg talks the future of banking, tech stacks and a customer-friendly IPO

Housing Wire

” The one-on-one conversation with Azevedo touched upon the structure of Better’s strategic partnerships , the future of retail banking , how COVID-19 has changed the fundamentals of business, and the proper integration of a tech stack.

Banks 158

Bank of Canada Pumping Billions Into Mortgage Liquidity To Prop Up Real Estate

Better Dwelling

Canada’s central bank is desperately trying to prop up real estate markets with liquidity. Bank of Canada (BoC) has been injecting billions into Canada Mortgage Bonds (CMBs). Canada Bank of Canada Canadian Mortgages Canadian Real Estate Prices

Banks 92

Bank of Canada Ending Pandemic Program That Helped Real Estate Prices Surge

Better Dwelling

On the day Canadian home sales and prices hit record highs, the central bank announces an end to the program partially responsible for the surge. The Bank of Canada (BoC) flooded the market with cheap mortgage credit in March.

Banks 112

13 Steps to Buying a Bank-Owned Foreclosure

HomeLight

If that’s you, you may have heard that one path to a deal is buying a bank-owned foreclosure. There are pros and cons to consider when going this route, however, such as the fact that bank-owned properties often need more TLC than other homes on the market, and many are sold as-is.

Banks 67

Doggy Dream Home Makeover: Rashida Bank’s Puppy “Paw”lor

Homes.com

Today's doggy DIY masterpiece is spearheaded by Rashida Banks. The post Doggy Dream Home Makeover: Rashida Bank’s Puppy “Paw”lor appeared first on Homes.com.

Banks 114

Bullish on Zillow, Deutsche Bank sees the money in Premier Agent

Inman

Deutsche Bank thinks the value of buyer and seller leads generated by Zillow is underappreciated by Wall Street. Select Technology bullish deutsche bank hold rating stock price target price Zillow Zillow Offers

Banks 87

Canada’s Big Six Banks Report Over 500,000 Mortgages On Payment Deferral

Better Dwelling

Canadian banks are starting to see mortgage payment deferrals expire, and households resume payments. Canada’s Big Six banks reported Q3 earnings last week, which ended on July 31, 2020.

Banks 107

Bullish on Zillow, Deutsche Bank sees the money in Premier Agent

Inman

Deutsche Bank thinks the value of buyer and seller leads generated by Zillow is underappreciated by Wall Street. Select Technology bullish deutsche bank hold rating stock price target price Zillow Zillow Offers

Banks 77

What Are the Pros and Cons of Buying a Bank-Owned Home?

HomeLight

Some potential homebuyers pass over foreclosures or buying a bank-owned home entirely because they are daunted by the special considerations that go into this kind of sale. What is a bank-owned home? Why would I consider buying a bank-owned home?

Banks 66

Bank repossessions of homes plunge to lowest level in at least 15 years

Inman

Amid federal and state restrictions on foreclosures and evictions, bank repossessions dropped 14 percent month over month and 80 percent year over year.

Banks 91

Canadian Real Estate Price Increases May Be Solely Due To The Bank of Canada

Better Dwelling

Bank of Canada (BoC) data shows mortgage interest rates fell sharply over the past year. The post Canadian Real Estate Price Increases May Be Solely Due To The Bank of Canada appeared first on Better Dwelling.

Banks 68

Modern White Tower Attached to Landmarked Dime Savings Bank in Williamsburg Nears Finish Line

Brownstoner

Near the base of the Williamsburg bridge, the exterior of a 23-story residential tower sticking out of the back of the landmarked neo-Classical Dime Savings Bank is standing tall.

Banks 53

Following Years-Long Prep, Downtown Brooklyn Supertall Rises Over Dime Savings Bank Dome

Brownstoner

After Landmarks green-lighted a supertall melded to the iconic Dime Savings Bank in Downtown Brooklyn in 2016 -- raising preservationists' eyebrows -- years passed with little evident building at the site.

Banks 75

Canada’s National Housing Agency Discreetly Sent Banks A Memo That Warns Defaults Are Coming

Better Dwelling

The post Canada’s National Housing Agency Discreetly Sent Banks A Memo That Warns Defaults Are Coming appeared first on Better Dwelling. Canada’s national housing agency discreetly asked lenders to curb risky lending.

Banks 100

Canada’s Banking Regulator Begins Phasing Out Special Mortgage Payment Deferrals

Better Dwelling

Canadian banks are going to make it a little more difficult to get a break from your mortgage. Previously, due to the pandemic, the regulator had allowed banks to avoid classifying payment deferrals as non-performing loans. […].

Banks 78

This Week’s Top Stories: Bank of Canada Ends Program That Inflated Prices, and Mortgage Deferrals Still Sky High

Better Dwelling

Canadian Real Estate Bank Of Canada Ending Pandemic Program That Helped Real Estate Prices Surge Canada’s central bank will stop flooding the market with cheap mortgage credit. The Bank of Canada held $9.32 Time for your cheat sheet on this week’s most important stories.

Banks 68

Bank of Canada’s Worst Case Scenario Is Here, Except For A 40% Drop In House Prices

Better Dwelling

Canada’s central bank flooded real estate markets with cheap cash when the pandemic hit, and we may know why. In his post, he dissects a Bank of Canada (BoC) staff research note from 2019, testing the resilience of the banking […].

Banks 86

Establishing the COVID-19 Demarcation Line: From 'Hanks To Banks'

Miller Samuel INC

I was talking about this difference in these dates with a friend, Chicagoan, and RAC appraiser Michael Hobbs who brilliantly dubbed this four-day window from March 11 to March 15 as: "From Hanks To Banks.". Manhattan Amenities, Adjustments & Value Logic Federal Reserve Bank Government, Politics, Regulations & Policy Historical, Landmark, Milestone Housing Note Weather & Natural Disasters COVID-19 Coronavirus Demarcation Line Hanks to Banks

Banks 40

Living Realty in Markham launches fundraiser for food bank

REM Online

The original post can be found at the following URL: Living Realty in Markham launches fundraiser for food bank. is holding its annual fall fundraiser with the goal of raising $10,000 for the Daily Bread Food Bank.

Banks 66

Canada’s Big Six Banks Set Aside Over $6 Billion For Credit Losses

Better Dwelling

Canadian banks are setting aside a lot more cash for bad loans, despite a number of government programs to help households. The amount of cash banks have set aside for bad loans […].

Banks 70

Understanding Pent-Up Demand In Real Estate, And How Central Banks Broke Markets

Better Dwelling

The post Understanding Pent-Up Demand In Real Estate, And How Central Banks Broke Markets appeared first on Better Dwelling. “It’s pent-up demand, bro – the market’s recovered” is one of the most common things I hear these days.

Banks 77

This Week’s Top Stories: Bank of Canada Floods The Market With Cheap Mortgages, And Condo Owners Rush To Sell

Better Dwelling

Canadian Real Estate Bank Of Canada’s Mortgage Buying Is A Quarter The Size Of New Mortgage Credit Canada’s central bank kicked into action during the pandemic… by flooding the mortgage market with cheap cash. The central bank held $513 million worth of CMBs in […].

Banks 77

National Bank of Canada: Canadian Real Estate Prices Fall, Small Increase When Adjusted

Better Dwelling

Canada’s largest land registry and a big six bank are seeing a slight recovery, but things are beginning to trend lower. The Teranet–National Bank House Price Index (TNB HPI) shows prices increased in July.

Banks 67

This Week’s Top Stories: Bank of Canada Using Billions To Prop Up Mortgages, Toronto and Vancouver New Condo Sales Plummet

Better Dwelling

Canadian Real Estate Bank Of Canada Pumping Billions Into Mortgage Liquidity To Prop Up Real Estate Canada’s central bank has pumped billions into the mortgage market, in attempt to prop it up. As of July 22, the Bank of Canada held $7.95

Banks 102

Should You Choose a National Mortgage Lender or a Local Bank or Credit Union?

RIS Media

Well-known national lenders approve loans for customers across the United States, but a smaller, local bank or credit union may offer you several advantages that a larger institution can’t. They are often less strict than banks when it comes to loan approval requirements and down payments.

The rise of IMBs

Housing Wire

When the Consumer Financial Protection Bureau released the 2019 Home Mortgage Disclosure Act data there was one key shift that was evident from the start – independent mortgage banks clearly stepped up their game. Magazine Mortgage HMDA HWplus IMBs Independent mortgage banks mega banks

Banks 183

This Week’s Top Stories: Canada’s Largest Bank Expects Mortgage Defaults To Soar, and First-Time Buyers Approach Negative Equity

Better Dwelling

The post This Week’s Top Stories: Canada’s Largest Bank Expects Mortgage Defaults To Soar, and First-Time Buyers Approach Negative Equity appeared first on Better Dwelling. Time for your cheat sheet on this week’s most important stories.

How Do I Find an REO Buyer’s Agent Who Knows Bank-Owned Home Sales?

HomeLight

A “real estate owned,” or REO, home is one that’s owned by a bank. The owner either forfeited it to the bank, or the house went to foreclosure auction and the house didn’t sell. Whatever the case, now the house belongs to the bank.

Banks 66

Canada’s Big Banks Not Worried About the Housing Market Strain

Point2Homes

Although several forecasters predict the Canadian housing market will be severely impacted by the pandemic, the country’s largest banks seem to have a more positive outlook on things. In fact, the Bank of Montreal expects no change in average real estate values. This too would only be somewhat problematic, as banks are often well set up to weather loan losses , and CMHC or other providers insure many of their mortgages. Image: dies-irae / Shutterstock.com.

Banks 40

JPMorgan Chase’s mortgage business getting back to normal

Housing Wire

In its earnings presentation on Tuesday , the nation’s largest bank by assets said it had actually pared back its $15 billion in loan-loss reserves by $569 million in the third quarter. In a major bright spot for the bank, JPMorgan Chase said that customers as of Sept. The bank made $1.7