By Rob Chrisman

Posted To: Pipeline Press

Try saying PSDS without sounding like you’re from Boston saying “pierced ears”. And 3,100 miles away, in California, the latest report echoes what Realtors & lenders have known for quite some time: the California market is on fire . (No drought puns, please.) How would you like to be a lender and actually have to pay borrowers money to have them borrow it from you? No, this isn’t an alternative universe – it is happening in Europe . Here in the U.S. we’ve had plenty of banks release their earnings, and with them mortgage results so let’s see what the big boys are up to! In addition we have the usual spate of M&A of smaller institutions including mortgage banks… But first, First Tennessee Bank , the regional bank for First Horizon National Corp, said it would pay $212.5 million to…(read more)

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Via:: First Tennessee Settles; Bank Earnings Reflect Lending Biz; More Mergers

      

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Written by : Mortgage News Daily

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