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Despite Long-Term Benefits, Upfront Premium Causes HECM Hesitation

“Even though the combined MIP is lower after about four years, 2% upfront is a real stumbling block,” he said. Factors behind lower volume ... the low PLFs and high initial MIP that create the hesitat... read more

Wells Fargo & Company (WFC) CEO Tim Sloan Presents at Goldman Sachs US Financial Services Conference 2018 (Transcript)

Wells Fargo & Co. (NYSE:WFC) Goldman Sachs US Financial Services Conference 2018 December 4 ... volume up 7% from a year ago. We had higher loan originations with auto up 10%, small business ... read more

Ginnie Primer for MLOs; Freddie and Fannie Deals Continue, Transferring Risk

That $2 trillion is up from $1 trillion eight years ago. Has the number of FTEs doubled ... lower volume, low margin originations and it’s time to sell this asset.” FHA announced revised requirements ... read more

KBRA Releases Monthly CMBS Trend Watch

NEW YORK--(Business Wire)--Kroll Bond Rating Agency (KBRA) releases October’s CMBS Trend Watch. CMBS private-label pricing volume experienced ... conduits in the double digits. In addition, as many as ... read more

Wells Fargo's CEO Discusses Q4 2013 Results - Earnings Call Transcript

We do not rely on any one business ... during the year, mortgage refi volume naturally waned as expected. As a result, revenue we earned in 2013 for mortgage originations declined $3.4 billion from 20... read more

Canadian Imperial Bank of Commerce (CM) CEO Victor Dodig on Q4 2018 Results - Earnings Call Transcript

We successfully diversified our earnings by investing for organic growth in all four of our business ... year. Commercial Banking revenue was up 11%, driven by double-digit lending and deposit ... read more

Q3 Commercial Real Estate Transaction Activity Climbs For Second Straight Quarter, Per Ten-X Research

"With sellers holding their ground, CRE pricing expectations are diverging, which led to a Q3 marked by tepid deal volume and pricing ... Apartment pricing is now just 3.4 percent higher than a year a... read more

HECM Product; Lender Disaster News; U.S. Economy Advancing

For February, personal income grew 0.4 percent as strong job growth and low ... Business Opportunities Hamilton Group Funding continues its double-digit growth trend, with Q1 achieving the largest qua... read more

Eastern Union closes $4B in CRE loans in 2017

Howell-based firm Eastern Union Funding recently announced that in having reached a 10 percent growth year-over-year, the firm closed $4 billion in commercial ... In 2018, Eastern Union expects to dou... read more

KBRA Releases Monthly CMBS Trend Watch

CMBS private-label pricing volume experienced an uptick to $6.9 billion in October, a 48.4 ... year end. We may see more than a dozen and one-half single borrowers, as well as the number of conduits i... read more

Bank of America Corporation (BAC) Q3 2018 Earnings Conference Call Transcript

Annualized net household growth in Merrill Lynch is up nearly four times from last year's advisors with more accounts. In addition, we grew small business ... at our CRE portfolio as a percentage of o... read more

Bottom Falls Out of HECM Market with Just 3,345 Loans in April

“In case you haven’t been paying attention these last few months, HECM volume is seriously hurting after ... as 140 loans in a single month during the trailing year, had just 43 in April, the lowest o... read more