Mortgage
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Residence fairness lending surges as shoppers consolidate debt
Home equity lending rose over the course of the past year as high interest rates kept borrowers away from traditional…
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House value slowdown hasn’t improved affordability outlook
While the surge in home prices has slowed substantially from the heights of last year, home buyers’ affordability concerns are…
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Shopper credit score resilient at the same time as debt, delinquencies rise
Credit scores, particularly among borrowers in the mortgage market, have held up relatively well as inflation has risen, though some…
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SoFi’s financial institution constitution drives optimistic outlook, however layoffs hit tech unit
SoFi Technologies said the benefits of its bank charter outweighed home loan and student loan challenges and helped its fourth-quarter…
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Debt default would make Lehman chapter ‘seem like a stroll within the park’
WASHINGTON — If Congress can’t agree to a debt ceiling fix, Wall Street could face apocalyptic consequences. Banks and other…
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LendUS agrees to settlement in knowledge breach lawsuit
Mortgage lender LendUS reached a settlement this week to resolve a legal case tied to a 2021 cyber attack that…
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PacWest restructuring Civic Monetary Companies’ operations
PacWest Bancorp is restructuring its operations as it looks to exit silos and unify its business lines. That includes making…
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Amerisave defamed laid off workers, go well with claims
Laid off employees of AmeriSave Mortgage Corp. are slamming the lender in a class action lawsuit, claiming the firm disparaged…
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American Pacific Mortgage eyes additional growth
California-based American Pacific Mortgage continues to expand its market footprint, announcing Thursday an asset purchase of Lend Smart Mortgage, LLC…
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Wells Fargo holds CEO Scharf’s pay at $24.5 million for 2022
Wells Fargo kept Chief Executive Charlie Scharf’s pay at $24.5 million for 2022, a year in which both profit and…
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