Mr. Cooper, U.S. Bank and PNC Bank settle DOJ servicing case

Housing Wire

Bank and PNC Bank. Bank is on the hook for $29 million in credits and refunds, according to the settlement. The bank also waived approximately $43 million in fees across its mortgage servicing portfolio, including for borrowers in bankruptcy.

Banks 231

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.

Banks 258
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Flagstar Bank to back trio of mortgage-tech startups

Housing Wire

Flagstar Bank and the FinTech Consortium revealed that fintech startups Home Lending Pal , Stavvy and Real Key are the latest initiates to the companies’ ongoing MortgageTech Accelerator program. The post Flagstar Bank to back trio of mortgage-tech startups appeared first on HousingWire.

Banks 199

US Bank Mortgage Review for 2020

The Mortgage Report

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

Banks 77

Bank of Canada Sees Real Estate Softening “Gradually”

Better Dwelling

Canada’s central bank didn’t devote a whole section for real estate to their latest monthly report like they usually do. However, the Bank of Canada (BoC) did provide a lot of insights in the January Monetary Policy Report.

Banks 70

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 179

Items to Shop for When Donating to a Food Bank

American Lifestyle

The post Items to Shop for When Donating to a Food Bank appeared first on American Lifestyle Magazine. Health Donating Food Bank Food Donation Giving Back List Shopping

Banks 78

Bank of Canada’s Mortgage Buying Is A Quarter The Size of New Mortgage Credit

Better Dwelling

Canada’s central bank is using billions to flood the mortgage market with cheap money. Bank of Canada (BoC) data shows a big mortgage bond buying spree since the beginning of the pandemic. Canada Bank of Canada Canadian Mortgages Canadian Real Estate Prices

Banks 98

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 170

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 93

How to Build a Home Gym Without Breaking the Bank

Coldwell Banker

The post How to Build a Home Gym Without Breaking the Bank appeared first on Coldwell Banker Blue Matter. With many gyms closed or operating at minimum capacity, a home gym has never sounded more appealing.

Banks 107

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 83

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 68

Bank of Canada Index Shows Real Estate Is The Most Affordable In Years. It’s Wrong

Better Dwelling

The index, created and maintained by the Bank of Canada (BoC) shows a big drop in Q3 2020. The post Bank of Canada Index Shows Real Estate Is The Most Affordable In Years. Over the past few weeks, older homeowners have been pointing me to Canada’s Affordability Index.

Banks 80

A Canadian Bank Already Sees Expired Mortgage Payment Deferrals Turn Delinquent

Better Dwelling

Royal Bank of Canada (RBC) data shows the number of expired payment deferrals the bank is carrying. The post A Canadian Bank Already Sees Expired Mortgage Payment Deferrals Turn Delinquent appeared first on Better Dwelling.

Banks 103

Canadian Banks Still Have Over 254,000 Mortgages On Payment Deferral

Better Dwelling

Mortgage Payment Deferrals When the pandemic kicked off, Canada’s bank regulators allowed […]. The post Canadian Banks Still Have Over 254,000 Mortgages On Payment Deferral appeared first on Better Dwelling.

Banks 82

Canada’s Largest Bank Says It’s Putting “Greater Weight” On Home Price Declines

Better Dwelling

Canada’s largest bank doubled down on their real estate forecast this week. Royal Bank of Canada (RBC) held its quarterly earnings call, and the bank shared how they are prepared for the next few quarters.

Banks 88

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 113

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 92

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

Bank of Canada Ended The Mortgage Program That Inflated Prices… Kind of

Better Dwelling

Canada’s central bank is still buying tens of million of mortgage bonds. Bank of Canada (BoC) data shows the balance of Canada Mortgage Bonds (CMBs) they hold, increased this week.

Banks 102

National Bank of Canada Tells Investors They’re Preparing For Real Estate Price Drops

Better Dwelling

Another Big Six bank has notified investors they’re prepared for falling home prices in the near future. National Bank of Canada (NBC) notified investors last week the bank has revised its outlook based on data up to Oct 31.

Real Estate Sales Soar In Every City, As Bank of Canada Juices The Market

Better Dwelling

The post Real Estate Sales Soar In Every City, As Bank of Canada Juices The Market appeared first on Better Dwelling. Canada’s markets have been flooded with cheap money, causing a buying frenzy across the country.

Banks 92

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 110

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 81

Canadian Real Estate Prices Seen Peaking In Q2, According To Another Big Six Bank

Better Dwelling

Canadian real estate prices are in for the reverse of last year, according to a Big Six bank. The post Canadian Real Estate Prices Seen Peaking In Q2, According To Another Big Six Bank appeared first on Better Dwelling.

Banks 77

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

Two of Canada’s Largest Banks Are Reducing Non-Branch Office Space

Better Dwelling

The pandemic may have helped banks accelerate profitability… and not just from real estate prices. Earlier this month, two of Canada’s largest banks reiterated plans to reduce office space.

Banks 78

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 64

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 67

Future Supertall Attached to Dime Savings Bank in Downtown Brooklyn Hits 26 Stories

Brownstoner

The future supertall attached to the iconic Dime Savings Bank in Downtown Brooklyn continues to grow. Development Downtown Brooklyn 340 Flatbush Avenue Extension 9 DeKalb Avenue controversial development Dime Savings Bank Featured JDS Development Group SHoP Architects supertall

Banks 71

This Week’s Top Stories: Canadian Banks Forecast Falling Real Estate Prices, and Mortgage Defaults Rise

Better Dwelling

Canadian Real Estate RBC’s “Worst Case” For Canadian Real Estate Is A Price Drop Of Nearly 30% Canada’s largest bank’s risk scenarios show a larger downside than upside for real estate. Time for your cheat sheet on this week’s more important stories.

Banks 79

Canada’s Non-Bank Lenders See Arrears Rate Rise 11%, Despite Deferral Programs

Better Dwelling

Canada’s non-bank lenders saw an unusual situation – mortgage growth, and rising arrears. Statistics Canada (Stat Can) data shows non-bank lenders had a big quarter extending mortgages in Q2 2020.

Banks 66

Should You Get a Mortgage From a Bank or Credit Union Where You Already Do Business?

RIS Media

Many homebuyers think that they should seek a mortgage from a bank or credit union where they already have an account. The bank or credit union may not be able to pull your information from their records and fill out the majority of the loan application automatically. .

Banks 62

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