Posts Tagged ‘Lenders’
Lenders are urged to end borrower confusion over porting
June 3rd, 2011Lenders are urged to end borrower confusion over porting Mortgage experts believe that porting-related complaints are on the increase because borrowers are unaware that lenders’ credit criteria often change in reaction to market and regulatory conditions. Read more on Money Marketing Online
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Lenders wary as growth run slows
April 27th, 2011Lenders wary as growth run slows THE home loan market is poised to end its 20-year run of double-digit growth as consumers shun mortgages, a report says. Read more on Herald Sun
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‘Irresponsible’ mortgage lenders rapped as new EU rules come in
April 1st, 2011‘Irresponsible’ mortgage lenders rapped as new EU rules come in Mortgage borrowers will get more protection than ever before from unscrupulous lenders under proposals from the European Union. Read more on Daily Telegraph
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Mortgage Lenders Haven’t Gotten What’s Due Them: Ann Woolner
October 29th, 2010Mortgage Lenders Haven’t Gotten What’s Due Them: Ann Woolner A distressed U.S. homeowner with a temporarily modified mortgage made every payment on time for 13 months. That’s 10 months past the standard three-month trial period, but the servicer was predicting a permanent modification, so the homeowner kept paying. Read more on BusinessWeek
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Mortgage Lenders Have Had Enough
October 27th, 2010Mortgage Lenders Have Had Enough Mortgage Lenders are making it harder to get loans as investors tighten up and increase demands for refunds on defective mortgages. Bank executives say this is damaging the housing market even further. Already beset by billions of dollars in forced buybacks, originators have imposed standards on new loans that are [...]
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CMG Mortgage Is Among the First Non-Depository Mortgage Lenders to Fund an eNote on an Independent Warehouse Facility
October 12th, 2010CMG Mortgage Is Among the First Non-Depository Mortgage Lenders to Fund an eNote on an Independent Warehouse Facility SAN RAMON, Calif.–(BUSINESS WIRE)–First paperless mortgage by non-depository lender funded on warehouse line. Read more on Business Wire
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MMR could force lenders out of market
July 20th, 2010MMR could force lenders out of market Non-deposit taking lenders could be forced out of the market if the Financial Services Authority presses ahead with plans to force them to hold even more capital, the Intermediary Mortgage Lenders’ Association has said. Read more on Mortgage Introducer
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Senate Votes to Rein in Mortgage Lenders
May 12th, 2010Senate Votes to Rein in Mortgage Lenders Taking aim at deceptive lending, the U.S. Senate on Wednesday voted to ban mortgage brokers and loan officers from getting greater pay for offering higher interest rates on loans, and to require that borrowers prove they can repay their loans. Read more on Fox News
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