Tuesday, May 22nd, 2012
BELLEVILLE, Ill . (AP) " A southwestern Illinois prosecutor is suing 22 local and national banks and mortgage companies for allegedly side-stepping mortgage fees related to the sales of home loans.St. Clair County State's Attorney Brendan Kelly contends the accused lenders engaged in fraud and deception by failing to ...
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Tuesday, May 22nd, 2012
BELLEVILLE, Ill. (AP) -- An Illinois prosecutor is suing 22 local and national banks and mortgage companies , accusing them of deceit and fraud in using an electronic mortgage registry to sidestep recording fees his county should have been collecting. St. Clair County State's Attorney Brendan Kelly contends the ...
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Tuesday, May 22nd, 2012
TORONTO, ONTARIO--(Marketwire -05/21/12)- BMO Financial Group released a study today indicating that many Canadian homeowners are feeling the pinch of balancing mortgage responsibilities with saving for retirement .The survey, conducted by Leger Marketing , found the following:"Paying off your mortgage prior to entering retirement is very important, because it will ...
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Tuesday, May 22nd, 2012
NEW YORK--(BUSINESS WIRE)-- Household debt driven by mortgage credit expansion in the Canadian market is the main threat to the credit risk profiles of Canadian financial institutions, as highlighted by the stress tests outlined in Fitch Ratings' special report published today. Low interest rate levels and a favorable economic ...
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Tuesday, May 22nd, 2012
MT. LAUREL, N.J.--(BUSINESS WIRE)-- PHH Corporation (NYSE: PHH - News ) (the "Company") today announced that David E. Tucker has been appointed President of PHH Mortgage Corporation ("PHH Mortgage"), the Company 's mortgage origination and servicing subsidiary. Tucker succeeds Smriti Laxman Popenoe, who has served as Interim President of PHH ...
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Tuesday, May 22nd, 2012
DALLAS, May 21, 2012 /PRNewswire/ -- Mortgage industry staffing has expanded each of the past three quarters, according to the First-Quarter 2012 Mortgage Employment Index from Mortgage Daily .Hirings outpaced layoffs by 2,146 during the first three months of 2012. Mortgage employment swung from a first-quarter 2011 net loss of ...
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Monday, May 21st, 2012
~li~ ANZ National has kicked off another round of mortgage rate cuts,with the prospect of more to come as bank funding costs drop.Last week saw frenzied cuts to fixed home loan interest ratesamongst all the major banks, a delayed response to Kiwibank'sinitial 4.99% one year special at the end of ...
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Monday, May 21st, 2012
Mortgage rates in the U.S. fell to arecord for a third straight week, reducing borrowing costs asthe housing market improves and home-loan defaults decline. The average rate for a 30-year fixed loan dropped to 3.79percent in the week ended today from 3.83 percent, Freddie Mac said in a statement. ...
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Monday, May 21st, 2012
Alan Taylor, the ADB consultant who prepared the report as part of this country's Capital Market Development Phase III said that mortgage insurance will improve standards of mortgage origination and arrears management and provide banks with an additional tool for managing their home loan exposures."Both these points will help ...
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Monday, May 21st, 2012
CHARLOTTE, N.C., May 15, 2012 /PRNewswire/ --Quicken Loans Mortgage Services (QLMS), a division of Quicken Loans Inc., the nation's largest online lender, today announced plans to add more than 75 team members by the end of 2012 to support its growing business needs. QLMS, which provides mortgage services to community ...
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