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City Mortgage Corporation - News

Complaints by residents, officials reveal frustration with city tax collector ...
Kenney, 53, has lived in Torrington for 25 years, and said that after he tried to pay his sewer taxes in June, he was notified that his mortgage company, Bank of America, had already paid the taxes. He was told by someone in the tax collector's office

Erie County Real Estate Transactions
546 Hewitt Ave., Sylus Llc; Mark C. Rodgers to Federal Home Loan Mortgage Corporation, $10,800. • 212 Maurice, City of Buffalo to William Rios Perez, $10,000. • 519 Utica East, Brent Eaton to M&M Dearot Inc., $10,000. • 53 Hawley St., Phillip John

Stonegate Mortgage Corporation Opens New Office Center In Scottsdale, Arizona
To assist Stonegate Mortgage in its Arizona expansion, the Industrial Development Authority of the City of Scottsdale offered support for recruitment of local employees through job training assistance funds. “We are excited to be able to put fee

St. Charles Parish real estate transfers
Edgewood Lane 260, Standard Mortgage Corporation to Federal Home Loan Mortgage Corporation, $269,194.17. Evangeline City Subdivision, Square 2, Lots 41-50: Leroy K. Branch, Jr. and others to Errol J. Falterman, $45,000. NEW SARPY. New Sarpy 

Nate Davis Plant City Mortgage Tampa Bay Mortgage Information and Tips Video Nate Davis, President of Plant City Mortgage, discussing some of the unique things that Plant City Mortgage does that ...

Airbnb Income: How It Can Mess With Your Mortgage 'Refi'

The average interest rate was 3.76%. For investment properties, lenders only financed 72% of the home’s value, on average, and charged an average interest rate of 4.29%.

That is because borrowers have shown a greater propensity to default on investment-property loans. Cumulative losses on investment-property loans included in private-label mortgage bonds issued in the four years before the financial crisis reached nearly 20% in early 2016, according to data from Moody’s Investors Service and ABSNet Loan. For owner-occupied mortgages, the loss rate was about 14%.

An additional worry: Defaults can trigger requests from mortgage investors and government agencies for a lender to repurchase the loan. So, many lenders proceed with caution when a loan doesn’t fit neatly into a predefined category, although that is less true for “jumbo” mortgages on high-price homes that often stay on bank balance sheets.

For mainstream lenders in the postcrisis mortgage world, “the last thing they want is someone coming back to them later” with a request to repurchase soured loans, said national sales manager for Wells Fargo’s mortgage division, said the bank has no policy of restricting short-term rentals on its borrowers’ properties.

Real Estate

Kerry and Linda Locke to Adam Locke and Locke Irrevocable Heritage Trust, 17.99 acres, exempt.

Onald and Sally Combs to Combs Irrevocable Heritage Trust and Brandy Schorr, 41 acres, exempt.

John and Glenda Bowersock to Stanley and Ruth Dumolt, Junction City, $25,000.

Rick and Rachelle Dement to Ohio River Marine LLC, lots 4 and 23, Roseville, exempt.

Oar House Corportation to Thom Horvath, Thorn, $135,000.

Ella Ebert to James and Wanda Mills, Harrison & Crooksville, exempt.

John and Megan Steele to Earl Bryant, Bristol, lots 45-46, $6,667.

Mariann Bush, Paul, Lynn, and Amy Dunn, and David Hina to Cameron and Heather White, Harrison, 3.28 acres, $82,000.

Bettie Adcock, Kendra Kunkler, and Adcock Family Trust to Bettie Adock, Jackson, 1 acres, exempt.

Christopher and Cora Fager to Sharon Naderhoff, Thornville, 0.249 acre, $149,900.

Nancy Benjamin to John Procacci, Clayton, 3.68 acres, $22,000.

John Wofter to Janice Aperfine, Madison, 5.25 acres, exempt.

MGIC has one couple of employees who are African American or black while 40% of Milwaukee is black?

I have inside information from employees who works at MGIC or Mortgage Guaranty Insurance Corporation in Milwaukee, Wisconsin.