Wells Fargo mortgage offices in India may be black eye for bank during coronavirus lockdown

Wells Fargo’s sprawling back offices in India, struggling to process residential mortgage deals amid a coronavirus lockdown, may be the next black eye for America’s beleaguered third-largest bank, mortgage lenders familiar with the matter told The Post. At stake, they claim, is a frozen pipeline of funding, potentially as much as billions of dollars destined […]

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US long-term mortgage rates flat to lower; 30-year at 3.33%

U.S. long-term mortgage rates were stable to slightly lower this week after two weeks of declines amid deepening anxiety over the severe damage to the economy from the coronavirus pandemic By The Associated Press April 9, 2020, 4:52 PM 1 min read 1 min read Share to FacebookShare to TwitterEmail this article WASHINGTON — U.S. […]

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Mortgages See Swift Turnaround on Fed Buying, Falling Volatility

© Reuters. Mortgages See Swift Turnaround on Fed Buying, Falling Volatility (Bloomberg) — Mortgage performance for the year had been lagging Treasuries by 2.87% as recently as last week, but historic levels of support from the Federal Reserve and a precipitous drop in volatility have sent agency MBS prices surging higher and significantly narrowed the […]

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California governor: 5 big banks suspend mortgage payments

Five of the nation’s largest banks agreed to temporarily suspend residential mortgage payments for people affected by the coronavirus, California Gov. Gavin Newsom said Wednesday. The announcement came as Newsom provided yet another grim statistic about the economic devastation from the virus: 1 million Californians have filed for unemployment benefits since March 13 as businesses […]

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California governor says 4 banks to waive mortgage fees

Four of the nation’s largest banks agreed to temporarily suspend residential mortgage payments for Californians affected by the coronavirus, Gov. Gavin Newsom said Wednesday. The announcement comes as more than 1 million Californians have filed for unemployment benefits since March 13 because many businesses have had to shut down because of a statewide “stay at […]

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Mortgage payments suspended across Italy amid coronavirus outbreak

A top Italian finance official on Tuesday announced that mortgage payments will be suspended across the country shortly after the government took the extreme measure and announced the lockdown of the entire country amid the fight with the coronavirus. Laura Castelli, the deputy economy minister, made the announcement on a radio station in the country, Reuters […]

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