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Mortgage Lenders Are Showing Some Give on Credit Scores
Credit scores are among the many things lenders review when you apply for a mortgage, because scores are designed to predict how likely you are to meet your debt obligations. After the mortgage crisis, lenders were hesitant to take on risky borrowers

Understanding the CFPB's New Mortgage Rules: Keeping You Safe from Tricky ...
Understanding the CFPB's New Mortgage Rules: Keeping You Safe from Tricky ... Those adjustable rate loans made the early monthly payments affordable, but when their interest rates reset higher, the resulting jump in borrowers' mortgage payments suddenly put their budgets on tilt. That's when many people began defaulting, setting

'Worst of all worlds' for mortgage lending in fourth quarter
'Worst of all worlds' for mortgage lending in fourth quarter The country's top three mortgage lenders confirmed this week that new home loans dropped last year as mortgage rates rose, with earnings results Wednesday from Bank of America showing a 46% year-over-year drop in the fourth quarter. Bank of America 

Silverstein Seeks $400 Million Office Loan
Quotes on mortgages of $350 million to $400 million are being considered. Even at the higher amount, the loan-to-value ratio would be less than 50%. That puts the assignment in the sweet spot for insurance companies, which compete aggressively for 

Reverse Mortgage , Reverse Mortgage Lenders

Reverse Mortgage | Reverse Mortgage Lenders www.reversemortgagelendersdire presents an overview video of the hecm reverse mortgage, you can ...

The Senate rolls back rules meant to root out discrimination by mortgage lenders

The Senate on Wednesday passed a sweeping bill to weaken the government’s ability to enforce fair-lending requirements, making it easier for community banks to hide discrimination   against minority mortgage applicants and harder for regulators to root out predatory lenders.

The bill rolls back banking rules passed after the 2008 financial crisis, including a little-known part of the Dodd-Frank Act that required banks and credit unions to report more detailed lending data so abuses could be spotted.

The bipartisan plan,   the most significant revision of banking rules in the decade since the Great Recession, would exempt 85 percent of banks and credit unions from the new requirement, according to a Consumer Financial Protection Bureau analysis of 2013 data.

The mortgage industry says the expanded data requirements are onerous and costly, especially for small lenders. But civil rights and consumer advocates say the information is critical to identifying troubling patterns that warrant further investigation by regulators.

Competition intensifies mortgage lenders' negative profit outlook

Meanwhile, 35% of respondents expect profit margins to remain the same, while 17% expect them to increase.

Among lenders expecting a decrease in margins, 78% cited competition as a key reason while 35% cited the shift from refinances to purchases. A decline in consumer demand was cited by 22%.

On the other hand, for those that expected an increase in profit, 43% cited operational efficiencies, while 41% cited the shift from refi to purchase loans. Respondents were able to cite more than one cause in the survey.

For conforming purchase loans, 9% more lenders as demand decline, while 14% more saw demand for government purchase loans decrease.

For non-GSE-eligible loans, there was an equal split between those reporting increased demand and decreased demand.

While purchase mortgage share could rise going forward, most respondents expect refi demand to dwindle for all types of loans.

Although dwindling volumes and competition are weighing on lenders' profit margins, there are signs they are holding the line on underwriting.

Mortgage lenders?

I'm looking for a good Mortgage Lender for a new home purchase. Does anyone know of a good one? I've tried quicken loans and country wide. Lending tree sucks!


Try a local bank or mortgage broker. Working with local professionals will get you much better service than online companies. проверить кбм осаго онлайн.