Dumped mortgage documents in Centennial may have been in storage
Boxes and boxes of sensitive mortgage documents may have been left in storage, and someone decided to get rid of them by dumping them outside a building, according to a family member of the former operator. "My stepmother died five years ago," said ... [...]
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US Senate approves Sheets as Treasury undersecretary
Sheets spent much of his earlier career as an economist at the Federal Reserve and had advised former Fed Chairman Ben Bernanke on international economics. The Treasury post was previously occupied by Lael Brainard, who stepped down last year and ... [...]
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Bankrate: Mortgage Rates Edge Up to 3-Month High
NEW YORK, Sept. 18, 2014 /PRNewswire/ -- Mortgage rates were up slightly, with the benchmark 30-year fixed mortgage rate moving to 4.33 percent, according to Bankrate.com's weekly national survey. The 30-year fixed mortgage has an average of 0.3 ... [...]
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Mortgage rates soar to highest level since early May
The prolonged flat, stable period of mortgage rates came to an end this week as rates on the more popular types of mortgages surged, according to the latest data released Thursday by Freddie Mac. Fixed mortgage rates' biggest one-week gain this year ... [...]
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Average US 30-Year Mortgage Rate at 4.23 Percent
Mortgage company Freddie Mac says the nationwide average for a 30-year loan jumped to 4.23 percent from 4.12 percent last week. The average for a 15-year mortgage, a popular choice for people who are refinancing, rose to 3.37 percent from 3.26 percent ... [...]
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Caliber Home Loans acquires Cobalt Mortgage
Irving, Texas-based Caliber Home Loans, is acquiring Cobalt Mortgage, significantly expanding its sales force and nearly doubling the size of its branch retail lending business. The agreement enhances Caliber's geographic footprint into new markets, ... [...]
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Glitches, complaints plague Ocwen, other mortgage servicers
Ocwen is the largest of a new breed of mortgage servicers now contracting with banks — which want out of that business after the nationwide foreclosure fiasco. The emerging industry has taken on the servicing rights of more than $1 trillion worth of ... [...]
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30-Year Mortgage Rates Moving After Fed's September FOMC Meeting
Mortgage rates are mixed after the Federal Reserve's September meeting. Rates initially worsened, then rebounded to the positive. Rates will likely remain erratic through the afternoon and into next week. Regardless, mortgage rates remain near their ... [...]
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What Kind of Mortgage Is Right for You?
Adjustable-rate mortgages (ARM) mean that interest rates are re-assessed regularly, sometimes as often as every month, based on market trends. Depending on your specific loan agreement, the initial adjustment can occur after one, three five or even ... [...]
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