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Loan Applications Spike After Fed Rate Cut

Loan Applications Spike After Fed Rate Cut

More central bank action expected after Bank of England also cuts interest rate to offset COVID-19 effect on economy
MVB Bank to Acquire Stake in ICMC to Create Lending Group

MVB Bank to Acquire Stake in ICMC to Create Lending Group

Following a bumper year for mortgage lending in 2019, MVB will buy a stake from the Van Metre Company to create Intercoastal Mortgage
Banks Cut Lending Rates After Fed Action on COVID-19

Banks Cut Lending Rates After Fed Action on COVID-19

US banking groups have reduced their prime and reference lending rates following yesterday’s Federal Reserve rate cut
Problematic Mortgages on the Decline as Refinancing Rises

Problematic Mortgages on the Decline as Refinancing Rises

Errors and attempted fraud connected to mortgage applications fell by 3% in January and is down by more than a quarter year-on-year
Real Estate Confidence Climbs for Third Consecutive Month

Real Estate Confidence Climbs for Third Consecutive Month

A shortage in housing supply is continuing to bolster competition among homebuyers across the country
Banks are Losing the Battle for Personal Loans: But Consumers are the Real Victims

Banks are Losing the Battle for Personal Loans: But Consumers are the Real Victims

These loans are equivalent to legal loan sharking
United States Home Sales Showing Positive Signs for Growth

United States Home Sales Showing Positive Signs for Growth

Home sales grew over the last sixty days faster than it has in more than a decade
United States Fines Former Deutsche Bank Managing Director

United States Fines Former Deutsche Bank Managing Director

Charges are that he misled investors regarding the risks involved in the loans surrounding $1.42 billion in mortgage-backed securities
Addressing an Apparent Contradiction in Credit Scores

Addressing an Apparent Contradiction in Credit Scores

How can credit scores be so good when a downturn is increasingly likely?
HELOC Decline Hurting Banks: Here’s Why

HELOC Decline Hurting Banks: Here’s Why

After the housing bubble burst, consumers have been less willing to tap into equity on their homes
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