Mortgage Delinquency Rate Edged Up Slightly But Remains Historically Low

Mortgage Delinquency Rate Edged Up Slightly But Remains Historically Low

The U.S. mortgage delinquency rate (loans 30 days or more past due but not in foreclosure) was 3.88% of all loans as of the end of December,
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JPMorgan hires Birmingham banking vet

A Birmingham banking veteran has joined the local JPMorgan Chase & Co. office. Jessica Payne, a Birmingham-Southern College alumna who has
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This old trojan learns new tricks in its latest banking info and password-stealing campaign

An infamous form of banking trojan malware with a history going back over a decade has been updated with additional infection techniques as part of
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New-home sales plummet on affordability burdens for buyers

The real estate industry is expecting homebuilders to add more inventory this year, but new-home sales tanked in the closing months of 2018,
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Fintech Executive, Jeffrey Axelrod, Joins Riivos Mortgage As Group Executive

“This is a challenging market cycle in the mortgage industry and, at the same time, full of opportunities. I've had many years of experience helping
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The four top tech trends for retail banking in 2019

Digitization, emerging technologies and customer-centric offerings represent important priorities for retail banks, and in 2019 we will see even greater
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Lendtech Pepper Money looks for UK banking licence

Lendtech Pepper Money looks for UK banking licence … may soon be joining the crowded ranks of UK challenger banks as it wants a banking licence.
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Texas Capital Bank to relocate Galleria-area office amid growth

Dallas-based Texas Capital Bank NA (Nasdaq: TCBI) is relocating its Galleria-area office to accommodate its strong growth in the Houston market.
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Mortgage Payments Are Rising Three Times Faster than Home Prices

According to the CoreLogic Home Price Index Forecast, mortgage payments are expected to rise at a slower pace, close to 7%, this year. This is based
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House Calls: Don't be afraid of today's mortgage rates

Mortgage interest rates have been inching up, and although rates dropped at the beginning of 2019, most experts predict that rates will continue to rise
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Finxact secures $30m funding for core banking action

Also investing in this round are all of Finxact's existing investors, including Live Oak Ventures, First Data, Woodforest National Bank, and TN
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OCC Encourages Banks to Promote EITC Awareness

With only 80 percent of eligible taxpayers claiming the EITC, the OCC encouraged banks to educate their local communities about the credit.
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Hornbuckle hired as a vice president/commercial banking officer at Liberty National Bank

JOHNSTON — Cole Hornbuckle has joined Liberty National Bank in Johnston as a vice president/commercial banking officer. Hornbuckle is a 2008
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Aging populations threaten to slow economic growth and destabilize the banking system in the …

DAVOS, Switzerland (AP) – Aging populations threaten to slow economic growth in the world's advanced economies and destabilize the banking
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Canada considers applying mortgage stress test rules to private lenders, sources say

TORONTO — Canada is considering subjecting private lenders to the same mortgage stress test rules faced by banks to prevent housing markets from
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Mortgage Interest Deduction: Personal Finance 101

The mortgage interest deduction is a widely-used and lucrative tax deduction for homeowners. It lets homeowners deduct the interest they pay on any
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Cloud-based core banking startup Finxact raises $30M in funding round

Finxact, a startup in the field of SaaS core banking, has raised $30 million from a group led by the American Bankers Association, Accenture Ventures,
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Will buying a car on finance affect getting a mortgage?

The majority of new cars are bought or leased on finance, and let's face it, most of us are unlikely to buy a house without the aid of a mortgage.
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Mortgage insurance: Added cost to homebuying or smart way to get in?

And if you can't afford a full 20 percent down payment on a conventional home loan, then you will most likely pay for private mortgage insurance (MI).
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