Early-year rate movements led prepayments to a near four-year high in March, while delinquency trends also showed overall improvement typical of seasonal patterns, according to Intercontinental Exchange. Processing Content Mortgage prepayment speeds jumped 24 basis points to 1.06% from a level of 0.82% recorded in February, with the pace accelerating in three out of the […]
Prepayments hit 4-year high after mortgage rates eased Read More »
PrimeLending, Hilltop Holdings’ mortgage unit (through its PlainsCapital Bank subsidiary) reduced its pretax losses 72% year-over-year. But the parent company gave a warning for the entire organization (including Hilltop Securities) that its future performance in 2026 is likely to be affected by things outside of its control. Processing Content Hilltop cited challenging changes in the
Hilltop’s PrimeLending cuts pretax losses by over 70% in 1Q Read More »
Key insight: The Department of Justice will close its investigation into Federal Reserve Chairman Jerome Powell related to his comments regarding building renovations to the Fed’s Washington headquarters, a probe even many Republicans found baseless. Forward look: The conclusion of the probe clears the way for Sen. Thom Tillis, R-N.C., to vote to confirm Kevin
Justice Department to drop Powell investigation Read More »