Key insight: Though credit quality seems to be holding steady industry-wide, office loan problems remain a sore spot for bank investors. Supporting data: At Washington Trust, total nonperforming assets rose from $12.9 million at the end of last year to $40.4 million on March 31. Expert quote: “Washington Trust has become a show-me stock,” — […]
Office loan woes bite a pair of banks Read More »
Thursday saw a continuation of the recent trend of very low volatility for mortgage rates. The average lender’s top-tier 30yr fixed rates were perfectly unchanged from yesterday and in the same narrow range as the past 7 business days (6.29-6.33%). Despite the uneventful outcome, there was some underlying market volatility mid-day following a series of
Mortgage Rates Hold Steady For Most Lenders Read More »
Now that there are formal government-sponsored enterprise guidelines for score modernization that help fulfill a legislative mandate, the Mortgage Bankers Association’s top executive has a plan he calls a safe way for the secondary market to make the purchase of credit reports more competitive too. Processing Content With the two large mortgage buyers starting to
MBA renews press for limited single report as scores compete Read More »