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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

CBCInnovis and Floify Join Forces to Provide Seamless Credit Reporting at Loan Origination

This collaboration enables CBCInnovis customers who are using Floify to streamline their mortgage process to automatically collect a borrower’s single, dual or tri-merge credit report using data from one, two or all three of the nationwide consumer reporting agencies upon submission of a loan application, or on-demand from their Floify dashboard. With the availability of this data, lenders can more accurately determine the likelihood of a borrower fulfilling the terms of their loan.

Floify’s integration with CBCInnovis credit reporting services also eliminates the hassle of collecting credit reports by empowering borrowers to digitally submit their consent directly to lenders in just a few clicks.

“The credit reporting integration we developed hand-in-hand with CBCInnovis has created a comprehensive, seamless loan process for our mutual customers by helping to efficiently facilitate the processing of CBCInnovis credit reports,” said Dave Sims, CEO of Floify. "We are excited to work with CBCInnovis to continue our efforts to centralize mortgage document collection in a single system, which improves the efficiency and experience of the homebuying process for both lenders and borrowers.

Lenders warned of the risk of dual representation in short-term finance

Although it’s not new, the desire to speed up the loan process, cut costs and present a more attractive funding proposition is giving grounds for a resurgence of interest for dual representation amongst short-term lenders.

However, Brightstone Law is warning of the risks of dual representation.  While it may work in the wider mortgage market, because the terms are standard and the borrowing cheaper, it has the potential to increase risk where disputes arise in areas such as undue influence, mistake and onerous terms.

Jonathan Newman (pictured), senior partner at Brightstone Law, commented: “Dual representation has been around for some time and has had some traction in the most vanilla of cases and in a particular sector of the market, which is more about volume, than complexity; more about process than delivery. Certainly, cheaper to transact, but anecdotally, the customer experience has not been painless.

“However, the short-term finance market is specialist because often the transactions are difficult, complex and require tenacity to get over the line. They often contain elements of restructuring and this is why often they take extra time to complete.

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.