Avoid Financial Armageddon with Mortgage, Refinancing
Most people are familiar with lender's title insurance, which is mandatory for most mortgage loans. It protects the lender against issues with the property title (or deed). For example, if you purchase a home, and it later turns out that the title was ... [...]
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Genworth revives Australia mortgage unit's IPO plan
Genworth, spun off from industrial conglomerate General Electric in 2004, reported a better-than-expected quarterly profit in February as a recovery in housing markets helped its U.S. mortgage insurance business. (Reporting by Arnab Sen in Bangalore; ... [...]
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RBC Said to Hire Brad Scott From BofA in Mortgage Trading Push
Scott, 33, will be a managing director at Royal Bank's RBC Capital Markets unit in New York and will head trading of some U.S. government-backed mortgage bonds, known as agency pass-through securities, according to the people, who asked not to be ... [...]
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Loan officer admits role in mortgage fraud scheme
NEWARK, N.J. (AP) - A central New Jersey man has admitted his role in a large-scale mortgage fraud scheme that caused millions of dollars in losses. Federal prosecutors say 71-year-old Delio Coutinho of Colonia pleaded guilty Tuesday to conspiracy to ... [...]
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DEVIN REPORT-Weekly Update on the Mortgage Markets
Lenders base their rates largely on the price movement of Mortgage-Backed Securities (MBS) which are traded in real time, all day, on the bond market. This means mortgage rates and/or fees (mortgage pricing) often times move throughout the day, being ... [...]
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Current Mortgage Interest Rates at TD Bank on April 22, 2014
Current Mortgage Interest Rates at TD Bank on April 22, 2014 After surprising its users with sudden rise and fall in the lending rates for a long time, the Canadian lender, Toronto Dominion Bank (NYSE: TD), has long been offering its standard home ... [...]
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Consumer Financial Protection Bureau taking mortgage complaints seriously
A Realtor friend of mine recently asked me about the Consumer Financial Protection Bureau: “Do they really do anything when somebody submits a complaint about their mortgage company? Can I tell clients that it's not a waste of time to complain to the ... [...]
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Fewer Dallas-area homeowners are lagging in mortgage payments
Dallas-area homeowners are doing a better job at keeping up with their mortgage payments. In February, 3.56 percent of local homeowners with a loan were 90 days or more late with their mortgages. That's an improvement from 4.15 percent in February ... [...]
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El-Erian: Yellen's Fed Faces Bernanke's Uncertainties
Yellen's words echo those of her predecessor, Ben Bernanke, who started referring to the “unusually uncertain” outlook back in 2010. It is indisputable that the economy has been subjected to unusual and unanticipated shocks. Witness the congressional ... [...]
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