Capital One confirmed it is closing the home equity lending business it acquired in the purchase of Discover. The news first appeared in a Reddit thread last week and then in Home Equity Lending News on July 1. That thread noted the company already notified affected employees of the decision to close the business known […]
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For the first time since mid-April mortgage rates fell below 6.7%, but the data doesn’t take into account the diminished likelihood the Federal Open Market Committee will reduce short-term rates at this month’s meeting. It is a result of this morning’s jobs report coming in hotter than expected, with observers now postulating the Fed is
Mortgage rates drop again but chance of Fed cut also falls Read More »
Fairway Independent Mortgage is rebranding as Fairway Home Mortgage. The Wisconsin-based lender has operated under its original name since its founding in 1996. But the company is ready for a change, its founder said. Steve Jacobson, CEO of the firm, said the move “reflects a fresh look, a renewed perspective, a future-forward vision.” He emphasized
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