Quarter-to-quarter mortgage production at both JPMorgan Chase and Wells Fargo fell by about 2.5 times more than what the Mortgage Bankers Association is predicting for the industry, a Keefe, Bruyette & Woods flash note commented. Processing Content The MBA’s March forecast called for $1.46 trillion in volume for the first quarter, with just a $21 […]
Chase, Wells mortgage slump: what it means for non-banks Read More »
Cornerstone Capital Bank in Houston announced it has launched a new qualified retirement plan that invests in its parent company’s stock and allows employees to share in ownership. Processing Content Company team members, including those in affiliated business arrangements, will be eligible to participate in the employee stock ownership plan. Joint venture and real estate
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New-home purchase originations surged in March, waving off wartime macroeconomic concerns to set a record high, even as signs of a construction slowdown emerged. Processing Content Applications for newly purchased homes accelerated 11% year over year, according to the Mortgage Bankers Association’s monthly builders survey. Compared to February’s more subdued activity, volumes popped upward by
New-home purchase applications hit record high in March Read More »