MortgageMarket

Santander Moves to Sell €462 Million in Spanish Home Loans Amid Shift to Focus on Core Business

7 days ago

Banco Santander, the prominent Spanish banking giant, is gearing up to divest a significant portion of its home loan portfolio, totaling €462 million ($495 million). This strategic decision comes as part of the bank's broader initiative to refocus its operations and streamline its asset base, in alignment with recent market shifts and regulatory pressures.

Wells Fargo Moves On: Exit from Supervisory Consent Order Signal a Fresh Start

15 days ago

Wells Fargo & Co. has officially exited a critical consent order with the Office of the Comptroller of the Currency (OCC) that was imposed due to longstanding issues with its home loan practices. This significant development marks a pivotal point for the banking giant as it seeks to recover from past regulatory troubles and aims to restore consumer trust.

Bank of America Expands Its Footprint: Acquires $9 Billion Jumbo Mortgage Portfolio from TD

2 months ago

In a strategic move that marks a significant expansion in the mortgage sector, Bank of America has announced its decision to acquire a jumbo mortgage portfolio valued at $9 billion from TD Bank. This acquisition reflects Bank of America's commitment to enhancing its mortgage services and capturing a larger share of the lucrative high-end lending market.

Kiwibank Poised to Become New Zealand's Fourth Largest Home Lender

3 months ago

Kiwibank, the state-owned banking institution catering primarily to the needs of New Zealanders, is on the brink of a significant transformation. Recent statements from the bank's CEO reveal ambitions for Kiwibank to ascend to the rank of the fourth-largest home lender in New Zealand. This development could reshape the current landscape of home lending in the country, as Kiwibank strategizes to enhance its offerings and compete more effectively against other major banks.

Rising Risks Amidst Climate Change: Home Insurance Costs Surge Across the U.S.

4 months ago

The landscape of home insurance in the United States is undergoing a transformative shift, driven primarily by intensifying climate-related hazards. This trend has resulted in skyrocketing insurance premiums, impacting homeowners across various states. The ever-increasing frequency of natural disasters, from wildfires to hurricanes, is prompting insurance companies to alter their strategies in response to this growing threat.

Citigroup Strengthens Position in Mortgage Market with Strategic Investment in Pylon

4 months ago

In a significant move aimed at bolstering its presence in the competitive mortgage arena, Citigroup has announced a substantial investment in the innovative real estate technology company, Pylon. This maneuver underscores Citigroup's commitment to adapting and thriving within the ever-evolving financial landscape.