Mortgage and Financial News From 2010-4-22 Page 01
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Confessions of a Former Mortgage Broker: What We Did ... - Yahoo Finance
... created an income figure which made the debts affordable including the new mortgage. A purchase worked exactly the same way. The income was a derivative of the amount the borrower wanted to spend to buy their new home . Many borrowers were not ...
2010-04-22 10:10:00 -
Reverse Mortgages: Money From Home - ElderLawAnswers.com
The loans do not have to be repaid until the last surviving borrower dies, sells the home or permanently moves out. In a reverse mortgage, the homeowner receives a sum of money from the lender, usually a bank, based largely on the value of the house ...
2010-04-22 04:30:00 -
Mortgage Industry Fights Against Flopping - Structured Finance News
Recent revisions to the program, which encourages short sales (liquidation of the home for less than is owed on the mortgage, with the lender's consent), could give rise to flopping schemes, he warned. In flopping, home values are fraudulently ...
2010-04-22 11:51:00 -
Mortgage Lender Total Mortgage Unveils New Website - PRLog (free press release)
... Connecticut- based mortgage lender Total Mortgage Services, LLC has introduced a redesigned website aimed at providing potential borrowers with the best possible interface for checking mortgage rates and products, applying for home loans and ...
2010-04-22 10:53:00 -
Mortgage modifications granted to some Treasure Coast ... - TCPalm
Last month, Lehmann got a letter from Litton, a loan modification servicing company, stating her lender plans to foreclose on the home despite her making five modified mortgage payments under Litton’s modification plan. Litton is owned by global ...
2010-04-22 07:50:00 -
ICICI Bank may reintroduce teaser home loan rates - Livemint
ICICI Bank may reintroduce teaser home loan ratesLivemintThe scheme is being reintroduced after leading mortgage lender Housing Development and Finance Corp. Ltd (HDFC) last week launched a similar home loan ...and more »
2010-04-22 01:53:31 -
Microsoft Net Jumps; World Markets Jittery - Ticker Magazine
Microsoft Net Jumps; World Markets JitteryTicker MagazineBank of Communications mortgage loan volume fell. ICBC completes $550 million deal to buy Thailand based lender ACL. Stocks in Mumbai closed higher despite ...and more »
2010-04-22 03:57:18 -
First-time Homebuyer Receives $5000 HELP Grant From FHLB Dallas and First ... - Earthtimes (press release)
First-time Homebuyer Receives $5000 HELP Grant From FHLB Dallas and First ...Earthtimes (press release)The amount may be increased to $7000 if a member financial institution or another mortgage lender contributes at least $350 toward costs associated with ...and more »
2010-04-22 04:10:51 -
Film producer wants to turn Brookdale Center into a production haven - Finance and Commerce
Film producer wants to turn Brookdale Center into a production havenFinance and CommerceTwo months ago, Brookdale's bank lender, Brookdale Mall HH LLC, bought the shopping mall for $12.5 million at a voluntary mortgage foreclosure sale. ...
2010-04-22 04:11:06 -
Can A Retired Couple Get A New Home Loan? - LoanSafe
Can A Retired Couple Get A New Home Loan?LoanSafeThe heaviest factor that the lender will weigh against granting a mortgage to a retired couple is income and of course: the bank will look at the event of ...and more »
2010-04-22 04:37:32 -
30-year mortgage rate unchanged at 5.07% - Los Angeles Times
30-year mortgage rate unchanged at 5.07%Los Angeles TimesThe five-year Treasury-indexed hybrid adjustable-rate mortgage, which is fixed for the first five years, averaged 4.03% this week, with upfront lender fees ...and more »
2010-04-22 05:09:39 -
Illegal Yield Spread Premium - NewsBlaze
Illegal Yield Spread PremiumNewsBlazeThe yield spread premium is given by a lender as a cash payment to the real estate agent for letting it offer a loan to a prospective home buyer at a higher ...
2010-04-22 05:16:57 -
BB&T Profit Declines as Loan Restructurings Rise 60% - BusinessWeek
BB&T Profit Declines as Loan Restructurings Rise 60%BusinessWeekNet income declined to $194 million, or 27 cents a share, from $318 million, or 48 cents, a year earlier, the Winston- Salem, North Carolina-based lender ...and more »
2010-04-22 05:20:57 -
Business briefs: Cash America beats Wall Street expectations - Fort Worth Star Telegram
Business briefs: Cash America beats Wall Street expectationsFort Worth Star TelegramBarry Shlachter A free workshop for homeowners struggling to keep up with mortgage payments and those interested in home-retention programs is set for 9 am ...
2010-04-22 08:25:48 -
Guangzhou buyers return properties - CCTV
Guangzhou buyers return propertiesCCTVMr. Zhang has recently bought a big home in Hainan on 20 percent down payment. However, his lender, China Construction Bank, wouldn't give him a loan ...
2010-04-22 08:50:36