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New mortgage rules are mixed blessing for borrowers
http://america.aljazeera.com/articles/2014/1/10/new-mortgage-rulescreatemixedblessingforborrowers.html
New mortgage rules are mixed blessing for borrowers One of the chief elements of the Dodd-Frank Act, passed in 2010 to bring greater regulation to the banking industry, the new rules require lenders to verify that borrowers have good credit and will be able to maintain payments. . But those changes

Time to Quit Mortgage Banking?
http://www.americanbanker.com/bankthink/time-to-quit-mortgage-banking-1064881-1.html
Interest Rate Risk: Mortgage rates have been dropping for 30 years, and it's a good bet that they've already hit their bottom with only one direction to go. Mortgage banking operators always claim to be fully hedged, but sudden spikes in interest rates

The Tale of a House, and an Entire Market
http://www.nytimes.com/2014/01/26/business/the-tale-of-a-house-and-an-entire-market.html?hpw&rref=business
One of them, at 12204 Backus Drive in Bowie, Md., was a four-bedroom colonial with a bay window. The average home price that year was $150,000; this house, in a desirable middle-class suburb of . They are joined in that belief by a vast majority of

Canadian versus US mortgages
http://www.winnipegfreepress.com/opinion/analysis/Canadian-versus-US-mortgages-241871271.html
They'd love to be rid of the borrower-friendly 30-year fixed mortgage, but also rid of regulations that would prevent them from piling on to borrowers in so many other ways. They don't want an improved system in the U.S., just one that's better for

Lewis Black on Broadway talking about how America ISN'T #1

This is the truest thing Lewis Black has ever said.... which is why it's so damn funny.

Citizens Financial (CFG) Acquires Franklin American Mortgage

Free Report ) have gained nearly 1% since Aug 1, after it announced the completion of Franklin American Mortgage Company buyout. The all-cash deal was announced in early June 2018 and was valued at $511 million.

Franklin, TN-based Franklin American Mortgage is a well-diversified and nationwide provider of mortgage servicing and origination, with a leading position among private, nonbank mortgage companies.

Citizens Financial’s off-balance sheet mortgage servicing portfolio has tripled because of the acquisition, from $21.6 billion to nearly $65.3 billion, with a total servicing portfolio of about $83.1 billion including existing on-balance sheet mortgage portfolio. The acquisition also includes mortgage servicing rights valued at $600 million as of Jun 30, 2018.

Further, Citizens Financial seeks to maintain a significant presence in Tennessee and Texas markets with help from the expanded distribution platform of the combined business.

Brad Conner, Citizens Financial’s Vice Chairman and Head of Consumer Banking, said “We believe this transaction creates tremendous value for Citizens and takes our mortgage business to the next level, expanding our reach and adding immediate scale in servicing as well as innovative correspondent and wholesale solutions.

My daughter worked for a division of American Mortgage called ABC Direct. She lost her job when American went?

bankrupt in Aug. '07 and is unable to find a W2 form from them. After contacting a former admin person, she was given a payroll site to get her info from, but they require a password that no one seems to know.


sometimes those sites are set up with the date of birth or employee id # as the password.