Most Recent Mortgage News

Is the US housing market turning a corner?

Is the US housing market turning a corner?

That drop contributed to a boost in refinances, which increased to their highest level since August of 2022, while applications...

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ICE’s Encompass down following CrowdStrike incident

ICE’s Encompass down following CrowdStrike incident

ICE Mortgage Technology’s Encompass loan origination system went down following a global technology outage. By Friday afternoon, many parts of...

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15 Jul to 19 Jul – Mortgage Strategy

15 Jul to 19 Jul – Mortgage Strategy

Mortgage Strategy’s Top 10 Stories for the Week: This week’s top stories highlight significant shifts in the mortgage landscape. From...

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Freddie Mac’s Pilot Program to Buy Second Mortgages Probably Isn’t a Big Deal

Freddie Mac’s Pilot Program to Buy Second Mortgages Probably Isn’t a Big Deal

In case you missed it, the Federal Housing Finance Agency (FHFA) granted conditional approval to Freddie Mac to purchase single-family...

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Cornerstone Capital Bank enters commercial real estate market

Cornerstone Capital Bank enters commercial real estate market

In its news release, Cornerstone said its entry into the commercial real estate market comes with no existing exposure to...

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Bank of America beats analysts’ expectations despite dip in profits

Bank of America beats analysts’ expectations despite dip in profits

During the second quarter, Bank of America recorded $6.9 billion in net income, down more than 6% from the same...

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Making smart use of AI – Mortgage Strategy

Making smart use of AI – Mortgage Strategy

Image by Jason Alden The idea of artificial intelligence (AI) has fascinated us for decades. The word ‘robot’ apparently originated...

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Beware of Inferior Mortgage Refinance Offers from Your Original Lender

Beware of Inferior Mortgage Refinance Offers from Your Original Lender

In case you haven’t heard, there’s talk of a “refinance boom” as soon as 2025. Yes, you read that right....

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What’s new with NAMB? | Mortgage Professional

What’s new with NAMB? | Mortgage Professional

What’s new with NAMB? | Mortgage Professional MPA Talk       Amid a busy year for the National Association...

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Citi’s revenues rise amid growth across all business lines

Citi’s revenues rise amid growth across all business lines

This is a developing story. Please check back here for updates. Citigroup on Friday reported an uptick in revenues as...

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