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Reverse Mortgage News
Reverse Mortgage News Last Updated October 19, 2018 11:43 AM Central FHA Endorsements Edge Higher, Book of Biz Grows Monthly residential government-insured mortgage production, including reverse mortgages, was nudged up, though commercial...
Nomura Reaches $480 Million RMBS Settlement
The government and the American subsidiary of Nomura Holdings Inc. have reached a settlement over allegations the investment banker misled investors about residential mortgage-backed securities. Nomura Holding America Inc. is accused by the...
KeyCorp Mortgage Investments Yet to Pay Off
When KeyCorp bought First Niagara Financial Group, Key was eager to capitalize on First Niagara's residential mortgage business. KeyCorp has extended that business line -- which is locally based -- across its own, much larger footprint, with nearly...
GSE Mortgage Refinances Bounce Off 7-Yr Low
After plunging to the weakest level in at least seven years, government-sponsored enterprise refinance volume bounced up to the second-slowest month during the period. HARP production fell to a new low. In August, there were 90,506 single-family...
Business, Earnings Improve at MGIC
New quarterly business was solidly higher at MGIC Investment Corp., as were earnings. Also improving was the rate of delinquency on its book of business. From July 1 through Sept. 30 of this year, income before taxes at the Milwaukee-based mortgage...
Fannie Cuts 2018, 2019 Origination Forecast
The latest housing forecast from Fannie Mae has this year's mortgage originations coming in $35 billion less than previously expected, while next year's outlook was cut by $61 billion. Economists at the secondary mortgage lender expect home lending...
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Pre-approval: Important Information
Pre-approval is a crucial step that may help you save time and money when buying a house. It entails filling up a loan application and sending the lender proof of your earnings, job, assets, and obligations. After reviewing this data, the lender...
Affordable Homeownership for Military Members: The Advantages and Benefits of VA Loans with No Down Payment
VA loans are a popular option for qualifying veterans and active-duty military personnel wanting to buy a house. The fact that VA loans don't demand a down payment is one of their main perks. Due to this, borrowers who lack sufficient resources or...
Navigating VA Loans: Understanding Eligibility, Benefits, and Limitations for Military Homebuyers
VA loans are a popular option for qualifying veterans and active-duty military personnel wanting to buy a house. The Department of Veterans Affairs (VA) backs VA loans, which have a number of special advantages, including no down payment and no...
The Hidden Cost of FHA Loans: Understanding Mortgage Insurance Premiums
Due to their low down payment requirements and flexible credit criteria, FHA loans have become a popular option for many borrowers looking to buy a house. Potential borrowers should be aware that FHA loans have a special fee that might make them...
Navigating Homeownership with FHA Loans: The Benefits for Borrowers with Low Credit Scores
Homebuyers frequently choose FHA loans, especially those with bad credit or a short credit history. FHA loans have more lenient credit standards than conventional mortgages, which sometimes have severe ones. For many borrowers who would not fit the...
Exploring the Benefits of FHA Loans: Lower Down Payments and More Accessible Homeownership
Because FHA loans need a smaller down payment than conventional mortgages, they are a popular option for many homeowners. The Federal Housing Administration (FHA) offers loan insurance, which lowers the risk for lenders and enables them to issue...
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