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George Osborne switches mortgage to exclusive bank on the CHEAP while ...
George Osborne switches mortgage to exclusive bank on the CHEAP while ... George Osborne has switched his mortgage to an exclusive bank who do special deals for the mega-rich. The move may have nabbed the Chancellor an interest loan of less than two per cent on the house, which he rents out for £10,000 a month while he's 

Has the time come for a five-year mortgage fix?
Has the time come for a five-year mortgage fix? Many homeowners and buyers have been rushing to fix their monthly mortgage payments to protect themselves from the risk of interest rate rises – so should you be joining them? Mortgage rates remain at historic lows: those with a sizeable amount of

Understanding the CFPB's New Mortgage Rules: Keeping You Safe from Tricky ...
Understanding the CFPB's New Mortgage Rules: Keeping You Safe from Tricky ... Mortgage application Alamy The worst financial crisis in generations resulted from a relatively simple problem: Millions of homeowners overextended themselves by borrowing more than they could afford, with the aid and encouragement of the banks.

The Tale of a House, and an Entire Market
A house is a residence, sure. A better investment than renting, yes. But it is no longer an A.T.M., a source of ready cash for a better lifestyle. Nor will it lead to as much economic growth. Doug Duncan, chief economist at Fannie Mae, the mortgage

Learn to Buy Distressed Mortgages SOURCE Note Buying No-nonsense How-to-Buy-Distressed-Mortgage s Information. Up-to-date! Hours of FREE Distressed Mortgages Training Videos ...

Fannie Mae: Tech companies threaten to edge banks out of the mortgage market


Deggendorf said these sentiments are particularly relevant as startups and established Big Tech – like Google , Amazon , Apple and Facebook – are looking to use their expertise to disrupt financial services.

“These new entrants are looking to offer financial services and are often credited with offering dazzling consumer digital experiences significantly better than those of traditional banks,” Deggendorf wrote. “Given the digital and customer experience prowess and resources of Big Tech firms, they may be especially well-situated to compete against traditional financial institutions.”

“Big Tech firms excel at the online digital experience in ways that most banks do not currently, and they are increasingly experimenting with fulfilling their consumers' financial needs,” Deggendorf continued. “Now is the time for banks to step up their digital game and, more specifically, to consider how to best digitize more complex financial tasks before Big Tech does.

The average adjustable-rate mortgage is nearly $700,000. Here’s what that tells us.

The size of the average fixed-rate mortgage last week nationally was $280,900. The size of the average adjustable-rate mortgage was $688,400 – two and a half times as big.

That data point, courtesy of the Mortgage Bankers Association, is a reminder – perhaps an uncomfortable one – that the mortgage industry must still offer products that make it artificially affordable to get people in the door, with the intention of refinancing later.

That’s “uncomfortable” because in many ways, it’s reminiscent of the housing bubble a decade ago. Progressives blame Wall Street , while conservatives blame lower-income people and the government policies that helped get them into homes they couldn’t afford. And analysts of all persuasions blame the mortgage industry for connecting people to increasingly exotic loans that would enable them to afford homeownership, including adjustable-rate mortgages.

The ARM phenomenon of the early 2000s was insidious: borrowers received an initial teaser rate that they could afford for several years, with the expectation that before it reset, they would refinance – and possibly repeat that process again and again. That approach not only made homeowners of many people who probably shouldn’t have been, it also assured a steady stream of fees for lenders.

Is professional mortgage source company a fraud?

does anyone have any reviews about Professional Mortgage Source LLC? i got a letter from them for a chance to do a streamline refinance for a lower rate. but i know that now a lot of company are taking the new lower rates for fraudulent use.

It is an accredited Better Business Bureau company with an A+ rating (BBBs highest rating) and only 3 customer complaints in the past 36 months. So I suspect they will do what they say or not charge you for the service.