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Mortgage Brokers News

Citi Becomes Latest Bank to Cut Off Mortgage Brokers

Citi put another nail in the coffin of the mortgage brokerage business: It will stop originating home loans through brokers.

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Citi Stops Using Mortgage Brokers, Stock Going To $35

Citi is letting go of a business that accounts for around $6 billion in mortgage loans to its portfolio each year in return for a tangible improvement in its portfolio quality – besides the intangible benefit of garnering much needed investor confidence in its business.

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Citigroup To Stop Making Mortgages Through Brokers

Citigroup Inc. (C), one of the U.S.'s largest mortgage lenders, will stop originating home loans through brokers.

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Time ripe for mortgage move

How low can they go? The fixed-rate mortgages Windsorites tend to favour have come down to record levels in recent weeks, opening the door for those in a position to take advantage.

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Mortgage rates 'to be volatile'

Brokers are telling new borrowers to expect mortgage rates to see-saw in the coming months, owing to economic uncertainty.

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