Category: Mortgages

Ticker: Customer investing up; home loans rise

Consumer spending up 0.2% in September American consumers modestly stepped up their spending in September, but their incomes grew fast enough to let them save more, too. The Commerce Department said Thursday that consumer spending rose 0.2% last month, matching August’s increase but coming in slightly below economists’ expectations. Incomes grew 0.3% lifting the U.S.…

JPMorgan Chase 3Q profits up 8%, but loan growth slows

This Thursday, Nov. 29, 2018, photo shows a Wells Fargo bank location in Philadelphia. JPMorgan Chase & Co. reports financial results Tuesday, Oct. 14, 2019. (AP Photo/Matt Rourke)NEW YORK (AP) — JPMorgan’s third-quarter profit grew 8% thanks to higher interest rates and strong performance at its investment banking business.Recent upticks in yields in the U.S.…

Habito Launches API for UK Remortgaging

Habito, an online mortgage broker and lender based in the UK, has announced an API that partners can use to gain access to Habito’s “whole-of-market” mortgage search algorithm and calculation tools. API partners can integrate Habito’s technology directly into their apps and websites so that end users can calculate mortgage payments and how much they…

Can a Reverse Mortgage Impact Your Social Security or Medicare Benefits?

If you need more money to cover your bills in retirement, a reverse mortgage may be a solution — but will it hurt your government-sponsored benefits? Ask U.S. retirees what worries them most — as a recent survey by the American Institute of CPAs just did — and “running out of money” is the answer…

KBRA Designates Initial Ratings to OBX 2019-EXP3 Trust (OBX 2019-EXP3)

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to 41 classes of mortgage notes from OBX 2019-EXP3 Trust (OBX 2019-EXP3). OBX 2019-EXP3 Trust is a residential mortgage-backed securities (RMBS) 2.0 transaction that includes a significant concentration of collateral that KBRA considers to be “expanded prime.” The collateral pool contains a majority (56.1%) of…

Bank of Hawaii Anticipates a Tightening Economic Cycle

The bank sees a stable banking environment in 2020, despite the possibility of slower growth in the island’s economy. Bank of Hawaii (NYSE:BOH) filed its third-quarter 2019 financial scorecard on Monday, Oct. 28, and provided investors with generally stable results, which included acceleration in non-interest income versus the prior year, and a slight drag on…

KBRA Appoints Initial Scores to Velocity Commercial Capital 2019-3

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to 18 classes of Velocity Commercial Capital 2019-3 (VCC 2019-3) mortgage-backed certificates. VCC 2019-3 is a $162.5 million securitization collateralized by 505 small balance commercial loans secured by 512 residential rental or commercial real estate (CRE) properties. The pool is comprised of 282 fixed rate…

KBRA Designates Preliminary Ratings to J.P. Morgan Trust 2019-8 (JPMMT 2019-8)

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to 51 classes of mortgage pass-through certificates from J.P. Morgan Trust 2019-8 (JPMMT 2019-8). J.P. Morgan Mortgage Trust 2019-8 (JPMMT 2019-8) is a prime RMBS transaction comprising 872 residential mortgages with an aggregate principal balance of $638.2 million as of the October 1, 2019 cut-off…

Yes, The Fed Will Cut Rates, But Not Mortgage Rates – Mortgage News Daily

You may have heard that the Federal Reserve is highly likely to cut rates this week. That is true. It’s happening tomorrow. It would be a big surprise for financial markets if the Fed did NOT cut rates at this point.  You may be wondering if this means anything for mortgage rates or worse, you may actually…

The Texas Union Project, Texas Oil, and the New Deal

During the bleak and trying years of the Depression, the Texas Union and Gregory Gym were the seats of the University of Texas’s dance and pop music culture. Between 1930 and 1933, the wide open wooden floors of Gregory had provided the primary space for dancers on campus. After opening in 1933, however, the ballrooms…