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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 ... More than a million people worry what will happen when the time comes to pay off their mortgages – and they are not rich enough to take advantage of the benefits of RBC. There are currently 2.6million Brits with interest-only mortgages and the

Bernanke leaves legacy of stimulus and stagnation,0,4780686.story
By driving interest rates down to historic lows, the Fed chairman helped fuel a huge surge in the stock market, where the wealthiest 1% of Americans have been far better positioned to take advantage of gains than their less affluent fellow citizens. To

A troubled home is sold on the North Side
A troubled home is sold on the North Side Some neighborhoods, such as Willard Hay and Near North, saw significant gains in median sales prices in 2013 as investors swooped in to take advantage of some of the lowest-cost housing in the metro area. But in Jordan, home of 1611 Hillside, the

Holidays not the only factor in consumers' massive debt struggles
Mary Loftus is a vice president of Advantage Credit Card Counseling Service, which works with clients who have “much higher” than average credit card debt. Observer-Reporter Order a Print. Madeline Innis leads a financial fitness class According to

Advantage Mortgage Consulting Award Ceremony 2005

The Mortgage 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.

Metro Bank buys $731m mortgage portfolio

LONDON, Feb 23 (Reuters) - Britain’s Metro Bank is to acquire a 523 million pound ($730.94 million) book of mortgages from buy-to-let mortgage provider Capital Home Loans, the bank said on Friday.

Craig Donaldson, Metro Bank’s chief executive, said the move shows the bank’s ability to take advantage of opportunities within its risk appetite.

“This high-quality loan portfolio further strengthens our high growth, organic business model and complements our conservative risk appetite,” he said in a statement.

Metro Bank on Wednesday reported its first annual profit, raising its 2020 targets and saying it would open 12 branches this year, creating 900 jobs.

The loan book purchase announced on Friday will help the lender achieve its new goal of a loans to deposits ratio of 85 to 90 percent by 2020, up from the previously stated target of around 85 percent.

Advantage Florida Mortgage would like to know how many days can the approval process take?

Advantage Florida Mortgage would like to know how long does the approval process take?

Approval process today takes prox., 2 weeks, or from 10-14 working days. Banks taking there times today. Good Luck!