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Zacks News
3 Mortgage & Related Services Stocks to Watch as Mortgage Rates Rise
by Devyani Chamria
Portfolio diversity and digitalization will aid players in the Zacks Mortgage & Related Services industry, including WD, EFC and VEL, amid headwinds like rising mortgage rates and home price appreciation.
Regions Financial (RF) Approved as Freddie Mac Multifamily Lender
by Zacks Equity Research
Regions Financial's (RF) subsidiary, Regions Bank, gets approval to add the Freddie Mac Multifamily financing services within its Capital Markets division.
Lower Portfolio Income to Mar New Residential (NRZ) in Q4
by Zacks Equity Research
Despite strength in its origination business, a decline in gain on sale margins and portfolio income on account of portfolio asset sales is expected to hinder New Residential's (NRZ) Q4 results.
Record-Low Mortgage Rates to Keep Supporting Banks in 2021
by Nikita Kataruka
Freddie Mac's (FMCC) Primary Mortgage Market Survey reveals historical low mortgage rates. These are expected to continue supporting mortgage revenues for banks like Wells Fargo (WFC), JPMorgan (JPM) and Hilltop Holdings (HTH).
New Strong Sell Stocks for October 13th
by Zacks Equity Research
Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today
The Zacks Analyst Blog Highlights: PennyMac, Mr. Cooper and Annaly Capital
by Zacks Equity Research
The Zacks Analyst Blog Highlights: PennyMac, Mr. Cooper and Annaly Capital
Residential Mortgage Market Rebounds: 3 Stocks to Buy
by Devyani Chamria
Declining number of homeowners in mortgage bailout plans and the delay in the implementation date of adverse market refinance fee come as a breather for the residential mortgage market.
Bank Stock Roundup: Fed's Policy Shift, Restructuring, JPM, WFC, C in Focus
by Swayta Shah
Low mortgage rates, business restructuring initiatives and greater emphasis on digital offerings are set to support major bank stocks in the quarters ahead.
New Fees on Refinances Might Impact Mortgage Servicers
by Radhika Saraogi
Mortgage servicers will likely have to bear the brunt of the new refinancing fees introduced by Fannie Mae and Freddie Mac.
New Refinancing Fee Likely to Hurt Banks' Mortgage Revenues
by Nikita Kataruka
Banks with mortgage banking operations will likely have to bear the consequences of the new refinancing fee introduced by Fannie Mae and Freddie Mac, effective Sep 1.
Banks to Benefit From Easing of False Claims Act by HUD
by Zacks Equity Research
Banks' worries will likely ease as the HUD issues a MOU with the DOJ for the appropriate use of the False Claims Act in relation to violations by FHA-insured mortgage lenders.
Nomura, RBS Appeal Against $839M Mortgage Bond Case Annulled
by Zacks Equity Research
The 2nd U.S. Circuit Court of Appeals in New York rescinds appeal filed by two of the world's biggest banks -- Nomura Holdings (NMR) and The Royal Bank of Scotland Group (RBS) -- to overturn a settlement agreed in 2015.
Fannie and Freddie's Flex Modification to Replace HAMP
by Zacks Equity Research
Fannie Mae (FNMA) and Freddie Mac (FMCC), recently announced the new Flex Modification foreclosure prevention program, which was developed at the direction of the Federal Housing Finance Agency (FHFA).
What's Ahead for Fannie Mae & Freddie Mac Under Mnuchin?
by Zacks Equity Research
Shares of Fannie Mae (FNMA) and Freddie Mac (FMCC) jumped over 40% last Wednesday triggered by the comments of Steven Mnuchin, Donald Trump's nominee for Treasury Secretary, favoring the privatization of these two companies