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Mortgage Advisory Group Video | Real Estate in Redmond Mortgage Advisory Group's top-notch customer service is the core of our outstanding reputation in the mortgage ...

US MBA mortgage applications 0.4% we 21July vs 6.3% prev

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2Q17 earnings prove recent Flagstar acquisitions paid off big time ...

For starters, in the second quarter, mortgage revenues, including gain on sale and return on mortgage-servicing rights, increased by $10 million, or 16%, from last quarter led by seasonal increase in mortgage originations and its recent acquisitions, which successfully mitigated impact of softer mortgage market.

Flagstar Bank, overall, reported second quarter 2017 net income of $41 million, or $0.71 per diluted share, as compared to $27 million, or $0.46 per diluted share, in the first quarter 2017, and $47 million, or $0.66 per diluted share, in the second quarter 2016.

Alessandro DiNello, president and CEO of Flagstar Bancorp, gave more context on the bank’s MSR plans in the release, stating, “We closed on the previously reported bulk sales of $191 million of mortgage servicing rights (MSRs), successfully executing our MSR reduction strategy and releasing capital to support balance sheet growth. We are the subservicer on approximately 85% of the MSRs we sold, providing a boost to our subservicing business and helping us to exceed over 400,000 accounts serviced or subserviced. Our MSRs now stand at 13% of our Tier 1 capital, positioning us well for the full phase-in of Basel III.”

Can a single mother with one child get a mortgage?

I split from my partner 5 months ago due to his infidelity now i am living with parents, can i apply for a mortgage by myself with an income of £1000 per month or do i need a guarantor?

Being a single mother should not be a serious problem. Having an income of 1000 GBP/month could be. I am not familiar with the cost of living in the UK, but the US equivalent is not very much to live on.