mortgages

A mortgage loan or, simply, mortgage is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds for any purpose, while putting a lien on the property being mortgaged.

Source: en.wikipedia.org

Equifax: Data for Hiring and Mortgage Refis Drive Stronger-Than-Expected Growth
Equifax: Data for Hiring and Mortgage Refis Drive Stronger-Than-Expected Growth
April 22, 2025  |  Earnings

Demand for data used in hiring, consumer lending and mortgages drove growth that was stronger than expected in the first quarter at Equifax. The global data,...

READ MORE >
High-Income Consumers 64% More Inclined to Seek Mortgages
High-Income Consumers 64% More Inclined to Seek Mortgages
April 16, 2025  |  Consumer Finance

Contrary to conventional wisdom, a recent PYMNTS report, “Interest in Mortgages Rises Among Younger, High-Income Individuals,” uncovers that income level is a significantly stronger predictor than...

READ MORE >
nCino Shares Slump Amid Slowing Growth in Cloud Banking and Mortgage Markets
nCino Shares Slump Amid Slowing Growth in Cloud Banking and Mortgage Markets
April 01, 2025  |  Earnings

nCino shares slumped in after hours trading Tuesday (April 1) in the wake of guidance that anticipates slowing growth in the core cloud banking segments...

READ MORE >
Report: Ally Cutting Jobs and Ending Mortgage Originations
Report: Ally Cutting Jobs and Ending Mortgage Originations
January 08, 2025  |  Consumer Finance

Ally Financial is reportedly cutting staff, ending mortgage originations and rethinking its credit card business. The company will lay off less than 5% of its...

READ MORE >
CFPB Sues Rocket Homes, Alleging Illegal Kickback Scheme
CFPB Sues Rocket Homes, Alleging Illegal Kickback Scheme
December 23, 2024  |  CFPB

Rocket Homes said Monday (Dec. 23) that it “will not rest” until it sees the dismissal of Consumer Financial Protection Bureau (CFPB) allegations that were announced...

READ MORE >
NY Seeks Fairer Lending From Nonbank Mortgage Companies
NY Seeks Fairer Lending From Nonbank Mortgage Companies
December 17, 2024  |  Regulation

New York’s financial watchdog has proposed new measures governing nonbank mortgage lenders. The New York State Department of Financial Services (DFS) says this new regulation would ensure these lenders...

READ MORE >
Citi Invests in Mortgage Infrastructure Provider Pylon
Citi Invests in Mortgage Infrastructure Provider Pylon
November 26, 2024  |  Investments

Citi made a minority investment in mortgage infrastructure provider Pylon. In addition, the companies are working together to provide Pylon customers with direct access to...

READ MORE >
Credit Crunch Crushes Dreams: Millions Face Loan Rejections, NY Fed Reports
Credit Crunch Crushes Dreams: Millions Face Loan Rejections, NY Fed Reports
November 20, 2024  |  Debt

Credit is getting harder to come by, especially for auto loans, mortgages and those with low credit scores. Amid an environment where lenders are tightening,...

READ MORE >
Fed: Household Debt Nears $18 Trillion as Delinquencies Pressure Consumers
Fed: Household Debt Nears $18 Trillion as Delinquencies Pressure Consumers
November 13, 2024  |  Economy

New government data shows American consumer debt continuing to grow. The Federal Reserve Bank of New York’s Center for Microeconomic Data released its Quarterly Report on...

READ MORE >