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BNC National Bank Sells Its Mortgage Division

April 12, 2023 Mark Paul Cervantes Weely Real Estate News Comments Off

BNC Chairman Michael Vekich said this was in the “best long-term interests of BNC Bank, BNCC’s shareholders, and the communities we serve.”

The post BNC National Bank Sells Its Mortgage Division appeared first on Weekly Real Estate News.

BNC National Bank

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off

Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off

Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off

Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]