Mortgage Loan News

FHA makes home ownership easier for debt borrowers

The Federal Housing Administration has lowered a relatively high bar he had previously secured for purchase mortgage borrowers with income-based repayment plans for student debt. On Thursday, the FHA announced that in the future, it will calculate the monthly obligations of those with deferred income-adjusted payments based on 0.5% of …

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Morgan Stanley Launches $ 317 Million Residential MBS

A pool of 344 residential mortgages will secure a $ 317 million mortgage-backed securities deal from the Morgan Stanley Residential Mortgage Loan Trust, 2021-3. The pool consists of blue chip, jumbo, compliant and non-compliant loans, all of which have been designated as qualifying mortgages. Morgan Stanley will act as loan …

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LendingTree Survey Finds Americans Spend More on Mother’s Day than Father’s Day; Dads prefer quality time to gifts

CHARLOTTE, North Carolina, June 17, 2021 / PRNewswire / – LendingTree®, the country’s leading online lending market, released its investigation surrounding Father’s Day gifts and the role American fathers play in financial decision-making. The survey found that most fathers want quality time with their families. This frugality may help explain …

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Granite Point Mortgage Trust Inc.Announces Second Quarter 2021 Common Share Dividend and Business Update

NEW YORK, June 15, 2021– (BUSINESS WIRE) –Granite Point Mortgage Trust Inc. (NYSE: GPMT) (“GPMT”, “Granite Point” or the “Company”) announced today that the Board of Directors of the Company has declared a quarterly cash dividend of $ 0.25 per common share for the second quarter of 2021. This dividend …

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The forbearance output volume continues to increase

The share of US homeowners at some stage of forbearance continues to decline nationally, falling to 4.04% of all mortgages according to the latest Mortgage Bankers forbearance and call volume survey Association (MBA). That total is down from last week’s share, when abstentions accounted for 4.16% of all mortgage volume. …

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Arvest Bank makes promotions

Arvest Bank recently did two promotions in the Twin Lakes area. Karolyn Ziemer has been promoted to Mortgage Manager for North Central Arkansas. Ziemer joined Arvest as a Mortgage Lender in 2004 and also served as Supervisor of Mortgage Lenders. In his new role, Ziemer will lead the mortgage division …

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Mortgage and real estate news this week

Bankrate follows a strict editorial policy, so you can be sure that we put your interests first. Our award-winning editors and journalists create honest, accurate content to help you make the right financial decisions. The key principles We appreciate your trust. Our mission is to provide readers with accurate and …

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Lenders Expect Refi to Pull Out to Cut Profits

Lenders don’t take the refinancing boom for granted. Fannie Mae’s second quarter mortgage lender sentiment survey found that most respondents do not expect business, and therefore profits, to stay at current levels. Sixty-nine percent said profit margins would decline over the next three months, 19% expect them to stay the …

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GKCU Welcomes New Employees | New

GKCU is pleased to announce recent staff promotions to serve our members. Melissa Poindexter has been appointed director of training and development for the credit union. In his role, Poindexter is responsible for the training and onboarding of all new hires, as well as the continuing education and development of …

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The first buyer’s guide to buying a home

Let’s be honest, buying a home isn’t always easy. In this market where homes sell like hot potatoes, it may seem like everyone can afford to buy a home, but that’s not true. It takes time, money, energy, planning, money and even more money to become a first-time buyer. Even …

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American Pacific Mortgage Eliminates Customer Gaps

MINNEAPOLIS, June 03, 2021 (GLOBE NEWSWIRE) – Faced with a low interest rate environment, Pacific American Mortgage (APM), one of the top 15 retail mortgage companies in the country by volume, needed to improve its borrower retention strategy to help its 1,400 loan officers in more than 200 branches prioritize …

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Actions Forbearers Should Take Now

Around 2 million homeowners are still forbearing mortgages even as many people start paying again. The Consumer Financial Protection Bureau warns that millions of families are at risk of losing their homes to foreclosure in the coming months. But there are actions people withholding should start taking now, even before …

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How to buy a mortgage lender

through: Better Business Bureau Posted: May 30, 2021 / 4:37 p.m. CDT / Update: May 30, 2021 / 4:37 p.m. CDT (BBB) ​​- If you’re ready to buy a home, refinance your home, or take out a home loan, you’ll need a mortgage. Mortgage lenders are generally willing to compete …

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Data provider Black Knight to acquire Top of Mind

Software, data and analytics provider Black Knight, which serves the mortgage and consumer lending, real estate and financial markets verticals, has announced that it has reached a definitive agreement to purchase from Top of Mind Networks, developer of Surefire, a leader in customer relationship management. , and a marketing automation …

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Virus Adds Customers to Online Loan Sites

NEW YORK – Some small businesses forced to turn to online lenders for pandemic relief are making these niche players a bigger part of their financial game plan and are even considering getting rid of their traditional banks altogether. Loans from online lenders have saved thousands of small business owners …

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Atlantic Bay Mortgage Group® Surpasses 10,000 Paperless eClosings with DocMagic’s Total eClose ™ Solution | Nation / World News

Forward-thinking lender and DocMagic’s dedicated electronic closing team work together to bring unprecedented efficiency to the industry TORRANCE, Calif., May 25, 2021 (SEND2PRESS NEWSWIRE) – DocMagic, Inc., the leading provider of fully compliant loan document preparation, automated regulatory compliance and comprehensive services to eMortgage, has announced that Atlantic Bay Mortgage …

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People on the move 05/23/21 | Business

community Bank NA GAZDICK NA Community Bank Christopher Gazdick has been hired as a branch manager for the Wilkes-Barre location at 64 N. Franklin St. In his new role, he is responsible for managing the day-to-day operations of the branch while providing excellent customer service. Gazdick manages a team responsible …

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Missy Messick joins River Bank & Trust | Local News

Wiregrass Region President Robbin Thompson is pleased to announce that Missy Messick has joined River Bank & Trust as Assistant Vice President and Mortgage Creator. 20-year mortgage industry veteran, Messick will help clients in Dothan and the Wiregrass area meet their real estate financing needs. “We are extremely happy to …

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Federal Home Loan Mortgage: AmpleHarvest.org Announces Appointment of Martin F. Baumann to its Board of Directors

AmpleHarvest.org announces the appointment of Martin F. Baumann, Assistant professor at the Washington campus, on its board of directors. Washington DC, May 22, 2021 – (PR.com) – AmpleHarvest.org today announced the appointment of Martin F. Baumann, Assistant professor at the Washington campus, on the board of directors of AmpleHarvest.org. “We …

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CMG Financial unveils new mortgage joint venture

CMG Financial has partnered with Oregon-based Hasson Company to form a mortgage joint venture, Select Lending Services. Hasson Company CEO Stephen Studley described the joint venture as an “internal lending relationship” between the two companies. CMG will provide operational support for some loan services. According to a statement, the direct …

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Top Originator: create memorable fences

Derrick Strauss (pictured) recalls when he found out he had established a successful mortgage career “I had a veteran who really wanted to buy a house with his finances, but didn’t qualify for the house on his own. With a VA loan, you can’t have a co-borrower on the loan …

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Is UWM Holdings Cyclical Inventory For You?

Calling a monetary motion “cyclical” could at first appear to be a misuse of phrases. The time period typically refers to corporations which are very economically delicate and traditionally conjures up photographs of chimney industries like metal and vehicles. Throughout good occasions they make some huge cash and through recessions …

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CoreLogic Declares Decrease Mortgage Default Charges in the USA for the Fifth Month in a Row; The bottom ranges noticed for the reason that begin of the pandemic | nationwide information

IRVINE, Calif .– (BUSINESS WIRE) – April 13, 2021 – CoreLogic ® (NYSE: CLGX), a number one world supplier of actual property data, analytics and data-driven options, at this time launched its month-to-month mortgage efficiency report for January 2021. This press launch comprises multimedia. View the complete model right here: …

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