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Dual Mortgage - News


JPMorgan With Wells Fargo Lose Share to Small Rivals: Mortgages
http://www.bloomberg.com/news/2014-01-15/jpmorgan-with-wells-fargo-lose-share-to-small-rivals-mortgages.html
(JPM) originations decreased 42 percent to $23.3 billion, outpacing the 27 percent fourth-quarter drop forecast by the Mortgage Bankers Association for the industry. Big banks are facing dual challenges of increased competition and a plunge in home

Judgment reserved on Fed first lady Janet Yellen
http://www.scotsman.com/business/management/judgment-reserved-on-fed-first-lady-janet-yellen-1-3281603
Judgment reserved on Fed first lady Janet Yellen Officially, the Fed has a dual mandate to maintain price stability while also maximising employment, something Democrat Yellen says can be done. “The mandate of the Federal Reserve is to serve all the American people,” she QE3, the third

CFPB shores up mortgage protections for military servicemembers
http://agbeat.com/housing-news/cfpb-shores-mortgage-protections-military-servicemembers/
CFPB shores up mortgage protections for military servicemembers Lenders who proceed with a foreclosure against a homeowner, while simultaneously working with that borrower on a loan modification are dual tracking. The CFPB has said that mortgage servicers may no longer engage in dual tracking in any way, shape, 

JPMorgan boss saw 74% pay raise
http://www.taipeitimes.com/News/biz/archives/2014/01/26/2003582138
JPMorgan boss saw 74% pay raise While JPMorgan emerged from the financial crisis as the only large US bank to avoid quarterly losses, the trading debacle in 2012 prompted some investors to call for the splitting of his dual roles. Shareholders rejected that proposal at a meeting in

Fed. Housing Finance Agency Dir. Ed DeMarco: on heels over Dual Track

The Senate Banking Committee held hearings Wednesday, probing mortgage services and foreclosure practices. Visit: firedoglake.com

Fannie, Freddie dual AUS transforms mortgage industry

To give an idea of just how much time one-click dual AUS system saves, panelists said somewhere around 16% of homes qualify for property inspection waivers after being run through both systems. And these numbers could just continue to improve as many loans in 2017’s disaster areas did not qualify for the waiver.

HousingWire Content Solutions Editor Sarah Wheeler, who moderated the panel, asked the panelists: Why now?

The answer was simple. The technology is finally available for companies to be able to work toward streamlining the process. And of course – borrowers are now demanding it.

“We’re hearing more demand for automation and efficiency,” said Piper Beveridge, Ellie Mae vice president of strategic relations. “Origination costs are too high, it takes too long, borrowers are demanding a different experience.”

But despite the benefits the system brings to the mortgage market, panelists explained they are still struggling to educate both lenders and homebuyers of the benefits of using the streamlined process.

Avoid these 7 mistakes when making an offer on a house

But the price isn’t the only thing that can make an offer alluring. If you or your agent search public records and real estate listings, you may unearth valuable “intel” about the homeowner’s motivations for selling. This could help you structure a winning offer for less money.

Also, check the seller’s social media for clues. You may find that you have things or people in common, and that could help when negotiating. Just don’t be a stalker or say anything creepy.

For example, you might learn that the seller is being relocated and needs a quick closing – faster than other buyers are willing to accept. Or, you might learn that the seller hasn’t yet found a home and may want to delay closing.  Armed with this information, you can craft a more tempting offer than your rivals for the same price (or less).

4: Submitting a lowball offer

Submitting a lowball offer that isn’t supported by sales data could easily backfire, especially in a sellers’ market.

is dual mortgage on split investment property possible?

I'm looking to form a real estate partnership with a sibling, and I'm curious if it is possible to do something specific.

Can two people jointly own a property, put down a separate down payment and each get a separate mortgage on the property.