Mortgages. Legal news and articles for May 23 - 31, 2017

Santa Clarita Realtor Fights Rise In 'Zombie' Second Mortgages Forcing Families Into BankruptcyOlder Americans Lodge Reverse Mortgage Complaints with CFPBMagilla is a search engine for mortgages and business loans ...MBA: Mortgage Applications Fall 3.4% | Builder Magazine ...Mortgage rates fall for Wednesday10 Mortgage Rules You Should Know by Heart -- The Motley FoolReverse Mortgages: A Personal StoryMortgage rates move down for Tuesday - Bankrate.comHousing: 15 zip codes with the most underwater mortgagesFreddie Funds $28B in MortgagesNew American Funding to Lend $25 Billion in New Mortgages to Hispanic BorrowersMortgage rates drop for TuesdayHUD secretary hints that housing agency may ease terms for condo ...In Home Capital's Mortgage Mess, Blame the 'Unlucky' BrokersInheritance tax avoidance, cheap mortgages driving a rental housing bubble

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Former Head Of Morgan Stanley Residential Business During Financial Crisis Eyes Canadian Alt-A Mortgages
ValueWalkMay 1, 2017

Former Morgan Stanley veteran Frank Pallotta is targeting a mortgage-backed securitization program of up to C$1.2 billion ($860 million) as Canada opens up its mortgage market to private players, seemingly unconcerned with the recent collapse of Home ...more »

Mortgage rates increase for Wednesday
Bankrate.comMay 10, 2017

Several benchmark mortgage rates ticked up today. The average rates on 30-year fixed and 15-year fixed mortgages both moved up. Meanwhile, the average rate on 5/1 adjustable-rate mortgages also trended upward. Mortgage rates change daily, but they ...more »

Mortgages. News and Stories

Santa Clarita Realtor Fights Rise In 'Zombie' Second Mortgages Forcing Families Into Bankruptcy
KHTS RadioMay 31, 2017

Many homeowners reportedly received letters during the recession telling them their second mortgages were “charged off,” and are now being forced to pay what they owed — with interest — or risk losing their house. “If you got one of those letters and ...more »

Older Americans Lodge Reverse Mortgage Complaints with CFPB
The MReportMay 31, 2017

Consumers aged 62 and older face a unique set of financial difficulties, according to the Monthly Complaint Report released by the Consumer Financial Protection Bureau on Wednesday. One of their prime concerns? Servicing issues with reverse mortgages.more »

Magilla is a search engine for mortgages and business loans ...
TechCrunchMay 31, 2017

If you've ever needed to take out a mortgage or a loan for your business, you probably know how difficult it is to find the right terms or borrower to work..more »

MBA: Mortgage Applications Fall 3.4% | Builder Magazine ...
Builder MagazineMay 31, 2017

Mortgage applications decreased by 3.4% on a seasonally-adjusted basis for the week ending May 26, 2017, according to the Mortgage Bankers Association's ...more »

Mortgage rates fall for Wednesday
Bankrate.comMay 31, 2017

Multiple key mortgage rates were down today. The average rates on 30-year fixed and 15-year fixed mortgages both trended down. The average rate on 5/1 adjustable-rate mortgages, or ARMs, the most popular type of variable rate mortgage, advanced.more »

10 Mortgage Rules You Should Know by Heart -- The Motley Fool
Motley FoolMay 31, 2017

If you plan to buy a home and obtain a mortgage, either now or in the future, there are certain things you should know about how mortgage loans work.more »

Reverse Mortgages: A Personal Story
HuffPostMay 31, 2017

I have long been a fan of reverse mortgages — if they are done in the right circumstances and for the right reasons. Regular readers of this column know I always put my money where my mouth is. And in the case of reverse mortgages, I want to give you ...more »

Mortgage rates move down for Tuesday - Bankrate.com
Bankrate.comMay 30, 2017

Multiple closely watched mortgage rates decreased today. The average rates on 30-year fixed and 15-year fixed mortgages both ticked downwards.more »

Housing: 15 zip codes with the most underwater mortgages
USA TODAYMay 28, 2017

Nearly a tenth of homes with a mortgage in the United States were considered “seriously underwater” at the end of the first quarter of 2017.more »

Freddie Funds $28B in Mortgages
DSNews.comMay 23, 2017

Freddie Mac's total mortgage portfolio increased over the year, rising at an annualized rate of 0.5 percent between April 2016 and April 2017, according to the April Monthly Volume Summary released by Freddie Mac on Tuesday. Though the jump does mark ...more »

New American Funding to Lend $25 Billion in New Mortgages to Hispanic Borrowers
PR Newswire (press release)May 23, 2017

TUSTIN, Calif., May 23, 2017 /PRNewswire/ -- New American Funding, a national mortgage lender, joins the National Association of Hispanic Real Estate Professionals (NAHREP) in their commitment to increase Hispanic sustainable homeownership, and ...more »

Mortgage rates drop for Tuesday
Bankrate.comMay 23, 2017

Multiple closely watched mortgage rates were down today. The average rates on 30-year fixed and 15-year fixed mortgages both dropped. On the variable-mortgage side, the average rate on 5/1 adjustable-rate mortgages floated higher. Rates for mortgages ...more »

HUD secretary hints that housing agency may ease terms for condo ...
Washington PostMay 23, 2017

Current rules make it hard for many units to qualify for loans that allow low down payments.more »

In Home Capital's Mortgage Mess, Blame the 'Unlucky' Brokers
BloombergMay 23, 2017

Home Capital's troubles started with “unlucky” brokers. That's what Canadian banks and insurers call the mortgage merchants who get caught submitting fraudulent loan documents. Home Capital Group Inc. disclosed that 45 independent brokers submitted ...more »

Inheritance tax avoidance, cheap mortgages driving a rental housing bubble
The Japan TimesMay 23, 2017

Apartment construction is booming as the wealthy rush to invest in rental housing as a way to reduce inheritance tax and banks hand out easy mortgages, but concerns are mounting that excessive supply paired with a shrinking population could soon lead ...more »

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