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Ireland Jumps: Will Others Follow?
Ireland Jumps: Will Others Follow? In light of this, when previous measures with the dreaded Troika – the IMF, European Central Bank and the European Commission – run out in the coming month, Ireland will not seek any new line of credit from the strict family of German-dominated lenders

Fat Kid Wednesdays, Implosion Mondays: January 27th at the Icehouse
Michael Lewis is best known around town and well beyond as one of the most creative sax players in modern music, lending his blowing skills to the acclaimed Happy Apple as well as FKW. Noted Richard Brody in The New Yorker, “Lewis's dry, metallic tone 

The Mets May Need to Rely on Their Last Money Lender – The Fans
In December of 2008, Bernie Madoff was arrested for orchestrating perhaps the largest Ponzi scheme known on Wall Street, which in turn, triggered the financial implosion in Flushing. In Citi Field's first season of operation, the Mets incurred a $9

$700M rescue bid fuels fallout fears
How and what form its settlement could take are jolting a cultural and nonprofit community only just recovering from the twin whammies of the recession and automotive implosion. Will the price of the DIA's freedom if the destination remains unclear

Mortgage Lender - Implode O Meter Website - Mortgage Crash!

Mortgage Lender Implode O Meter Website: Everything inside the mortgage / lending collapse. Interesting website.

Mortgage Loans: The Market Is Moving Into the Shadows

The non-banks’ growth has been breathtaking. At the end of 2016, such unaffiliated mortgage companies accounted for more than 40 percent of new conventional mortgages (those eligible for sale to government-controlled guarantors Fannie Mae and Freddie Mac), twice the share they accounted for just eight years earlier. They’re also responsible for a decline in credit standards: The average FICO score at origination stood at 730 at the end of 2017, down from 750 five years earlier. For loans guaranteed by the Federal Housing Administration -- an area where the non-banks’ share is greatest -- the average FICO score has fallen to 680.

The shift has been even more extreme in mortgage servicing. Non-banks now service about 51 percent of all loans packaged into new Freddie Mac securities, according to mortgage analytics firm Recursion Co. That’s more than double the share of just five years ago. For securitized FHA loans, the share stands at a staggering 83 percent. Again, banks are leaving the business: Last year, CitiMortgage announced it would exit by the end of this year, transferring the servicing rights for about 780,000 mortgages.

3 Missteps Equity Mutual Fund Investors Should Avoid Right Now

A lot has happened on D-street in the past week. Ostensibly triggered by the re-introduction of an LTCG tax, the bellwether NIFTY index has sunk nearly 800 points in a very short span; triggering panic amongst uninformed retail investors who got in without a clear understanding of just how mercurial stock markets can be in the short run! On the positive side, the fall has served as a much-needed correction, with the PE ratio of the NIFTY nearly dropping 2X in the past week, lending an element of increased rationality to stock prices. Bull markets that do not undergo periodic, healthy corrections swell into dangerous bubbles, and invariably implode. If you're an equity mutual fund investor, here are three things you need to avoid doing right now.

"Hopping off and hopping on" to reduce their LTCG tax outgo
OK, so it's an open secret that we're a nation of 'tax saving' hungry people. Resultantly, it may seem tempting for you to