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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 

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

Will The Gig Economy Change Mortgage Lending?

When it comes to mortgage applications, there’s a certain drill that every loan officer follows: “How long have you been employed at your current job?” they ask. “Two years? Great. Now let’s talk about those pesky debts…”

The implications here are very simple. First, employment equals stability. Second, two years of stability is the minimum threshold lenders would like to see.

These long-term standards are now in flux. It’s become increasingly clear that traditional views of employment aren’t all they’re cracked up to be – especially when it comes time to get a mortgage. For example, rather than two years of iron-clad documentation, Fannie Mae and Freddie Mac now say as little as 12 months of self-employment are enough, as long as the applicant’s previous employment is in the same field and his or her income remains steady.

Going from two years to one year is an important advance, but the big question is what happens as the concept of work evolves?

Hong Kong's mortgage lenders doing booming business in the shadows

With traditional financing drying up in Hong Kong at a time when property prices are at a record high , home buyers like Fu are looking to non-bank lenders, many of them the financing arms of developers, to get in on the boom.

Under Hong Kong law, these "shadow banks" can loan legally as long as interest rates do not exceed 60 percent per annum, according to industry officials and an official document seen by Reuters.

The system is a life-saver for those who have found it harder to secure loans, particularly mortgages, due to curbs imposed by the central bank to dampen home prices, which are up 137 percent since the start of the financial crisis in 2008.

But it also puts the broader system at risk if property prices turn around or borrowers start to default, because many of these lenders have themselves raised financing by borrowing from big banks or selling bonds.

Because they are not banks -- they do not take deposits -- shadow lenders in Hong Kong are monitored by the police, and not financial regulators.

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.