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Mortgage Loan News


Just over a month after the start of this pandemic, millions of Americans were either losing their jobs or going from full-time to part-time, underemployed, unemployed and increasingly… self-employed. With housing costs being the highest fixed expense for most US households, mortgage and rent payments started to get more difficult or went unpaid. The United …

According to a report by Keefe, Bruyette & Woods, the quarterly increase in mortgage loan mix at eight banks has exceeded expectations for the entire industry, suggesting that this segment is regaining market share. Eight banks followed by KBW (Wells Fargo, JP Morgan Chase, US Bancorp, Bank of America, Troist Bank, First Republic Bank, Citigroup …

community Bank NA GAZDICK NA Community Bank Christopher Gazdick has been hired as a branch manager for the Wilkes-Barre location at 64 N. Franklin St. In his new role, he is responsible for managing the day-to-day operations of the branch while providing excellent customer service. Gazdick manages a team responsible for mortgages, mortgages, small business …

You don’t have to accept that closing costs are going to cost a fortune. Closing costs can be very high when buying a home. In fact, according to research from The Ascent, you will typically pay 2% to 5% of the mortgage amount in closing costs. And in 2020, the average closing costs were actually …

The Office of Consumer Financial Protection draws a line in the sand for the mortgage services industry with new direction and proposed revisions to its mortgage loan management rules. The CFPB expects the impending expiration of federal foreclosure and forbearance protections for mortgage creditors will increase the risk of harm to borrowers and produce a …

ORLANDO, Florida, May 21, 2021 / PRNewswire / – Motto Mortgage, an innovative mortgage brokerage franchise focused on transparency and compliance, has a new office in Florida. Motto Mortgage Tailored Solutions is now open in Orlando and serving all Sunshine State markets. Established by a real estate expert Gabriel L. Gonzalez Ramos, Motto Mortgage Tailored …

May 20, 2021Updated: May 20, 2021 3:39 p.m. Prosecutors finally caught up with him. Jamie Grill / Getty Images / Tetra images RF A Texas wedding planner bought two Teslas and paid off his expensive mortgage with $ 1 million in fraudulent paycheck protection program loans, according to federal prosecutors. Fahad Shah, 44, admitted to …

The estimated lifetime default risk of state-guaranteed home loans remained unchanged in the fourth quarter of 2020, the Milliman Mortgage Default Index (MMDI) results revealed. As interest rates fell to historically low levels, the mortgage default risk rate for GSE loans fell from 1.28% in Q3 to 1.27% in Q4. Meanwhile, the MMDI rate on …

DIXON, Calif .– (BUSINESS WIRE)–First Northern Community Bancorp (the “Company”, OTCQB: FNRN), a holding company of First Northern Bank (“First Northern” or the “Bank”), today reported net income of $ 3.2 million, or $ 0.23 per diluted share, for three months. ended March 31, 2021, up 18.6% from net income of $ 2.7 million, or …

Some time in the past I acquired an e mail from Invoice Wright, a retired actual property agent and pal. He wonders how the mortgage lending course of has modified since leaving the corporate, a lot of which has concerned serving to debtors discover financing to buy their houses. It was an intriguing query, and …