Remember when the “good-faith estimates” your lender gave you upfront said closing costs would be about $2,000, but somehow they ballooned to $3,500 on the final settlement sheet? Worse yet, you had to come up with the extra money to handle the …
(Shreveport) A mortgage-firm owner could face up to 30 years behind bars after pleading guilty to cheating a Sabine Parish bank out of $2.9 million. Federal prosecutors said 56-year-old William Everett Nichols of Alexandria has admitted to …
WASHINGTON – Rates for 30-year home loans dipped below 5 percent this week after rising for three straight weeks. The average rate fell to 4.98 percent from 5.03 percent a week earlier, mortgage company Freddie Mac said Thursday. Rates had hovered …
Earlier this week, an interesting debate broke out on TechFlash after we reported on a dispute between a Seattle plumber and the online directory service HelpHive. The crux of the issue centered on whether HelpHive’s system of creating a separate …
Thousands of National City jobs may be a little more secure now that PNC Financial Services Group says it is definitely staying in the mortgage business. About 3,600 people at National City work in residential mortgage, according to PNC’s latest …
There is no doubt after the third quarter’s earnings reports that the agency-backed mortgage REIT sector is beginning to splinter into markedly different strategic approaches. FOMC minutes confirm the high demand for agency MBS, noting that: To …
IRVINE, Calif., Nov 06, 2009 /PRNewswire-FirstCall via COMTEX/ — Impac Mortgage Holdings, Inc. (Pink Sheets: IMPM), a Maryland corporation, or the “Company,” announces the scheduling of a conference call and live webcast on Tuesday, November 10 …
WASHINGTON (AP) – Freddie Mac says its losses narrowed to $6.3 billion in the third quarter and the company didn’t need a federal cash infusion. The McLean, Va.-based mortgage finance company has received about $51 billion since it was seized by …
Overall reverse mortgage industry volume fell 7.4% in October 2009, coming in at 8,772 units, bringing YTD volume to 95,902 according to data from Reverse Market Insight . Below is a list of the top HECM lenders through October 2009 and be sure to …
Mortgage rates continued to hold steady yesterday as prices of mortgage backed securities slowly inched higher yesterday. AQ and MG were discussing the supply and demand dynamics of the MBS market yesterday, citing several reasons for the stable …
