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US Bank Mortgage - Today's Marketplace on KARE-TV - 1/25/2011

Business Notes: Welsh to lead national group; US Bank Mortgage; Harris-Lockheed deal

 

 

Welsh elected to national committee

Phil Welsh, owner of the Melbourne-based Paul Davis of the Space Coast, a leading provider of fire, water and mold damage restoration services for residential and commercial properties, was recently elected as president of the franchise organization’s National Executive Committee for the 2019-2020 term. Additionally, employees of the Space Coast office received top honors for leading production and sales including Best of the Best awards for estimators Chris Moeller, Ryan Bright, and Kelly Egbert.

As incoming president of the NEC, the 39-year-old Welsh, will oversee office owners who serve as representatives from geographic districts in the Paul Davis network throughout the United States and Canada. NEC members review and vote on policies and procedures for the entire franchise organization along with the franchisor.

Truth-in-mortgage practices urged by Corporate Whistleblower Center

WASHINGTON — According to the Corporate Whistleblower Center, “If you are a manager for a publicly traded bank, mortgage lending company or a home builder offering mortgage or title insurance and you can prove your employer is gouging consumers with illegal fees and or up-charges that would degrade investor confidence in the company,” you should report the violation by calling 866-714-6466 as a part of the U.S. Security and Exchange Commission’s whistleblower program.

“Aside from a whistleblower reward that might produce a multi-million-dollar compensation payout-you may be allowed to remain anonymous,” according to the group’s website, CorporateWhistleblower.com. “We’d call the SEC whistleblower reward program a first-class winner, and we are urging an insider to call us anytime if your company is lying to shareholders about its true profitability and or liability issues.”

The types of mortgage, banking or home builder insiders the Corporate Whistleblower Center would like to hear from include the following: A publicly traded home builder that is lying to their home buyers about mortgage fees and or about the buyer receiving the ‘best possible interest rates’ or title insurance costs or related fees; a publicly traded bank that is gouging bank mortgage borrowers on interest rates, mortgage fees and associated products, such as title insurance where the bank is receiving an illegal kickback; a publicly traded home builder that is providing home buyers with bonus features in a new home if the consumer will use the builder’s overpriced mortgage product that generates income, a practice that some courts consider unjust enrichment; and a national title insurance company that is paying bribes or kickbacks to various real estate brokers, so their clients will be forced to use an overpriced title insurance policy.

Can a Canadian obtain a mortgage from a US bank for a house in Canada?

With US mortgage rate dropping and a strong Canadian dollar, I am interested in finding out if I can have a portion or all of my mortgage from an American bank. Is this feasible? Please advise.


Yes this is possible many banks lend in multiple countries. This is more prevelant in the residential market.