The bank has already seen its total book of loans shrink by $3 billion in the last quarter
A fund will also focus on preschools in underserved communities
The lender is among several that are working to move past regulatory probes tied to shoddy mortgage practices.
Historically, the mortgage industry experiences a slowdown during the holiday season, but this time around it was particularly quiet. Meanwhile, rates have hit a 19-month low.
On the heels of its merger with loanDepot.com, Leif Thomsen talks about the rising cost of producing loans, regulation hurdles and what's ahead for the two companies.
Now is the time of year that mortgage professionals are flooded with predictions about what is going to happen in the housing market. Following the wrong advice could lead us to take poor risks or, conversely, not to take good ones.
Industry experts suggest the president will avoid the hot button topics of GSE reform, a sign that the administration could be giving up on its previous goal.
The 10-year yield and MBS are experiencing low rates, but keep in mind to expect increased volatility at these low interest rate levels.