Category Archives: Mortgage

Hey Hedge Fund Managers, You Should Have Started a Mortgage REIT

Executives who run mortgage real estate investment trusts have it good. Many probably don’t need to worry about losing their jobs, closing their funds or taking a pay cut, even after a terrible 2015, when a Bloomberg index of 41 … Continue reading

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Citizens still hundreds short of mortgage hiring goal

Citizens Financial Group still needs to add hundreds of mortgage loan officers to reach a target set by CEO Bruce Van Saun, as the bank suffered a slowdown in hires at the end of 2015 that Van Saun pinned on … Continue reading

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Mortgage Rates Fall Along With Stocks

This week, in typical fashion, investors looking to escape volatility in oil prices and stocks sought the safety of government bonds. This could mean good news for home buyers, as mortgage rates usually follow the direction of long-term government bonds.

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5 Nosy Questions To Expect From Your Mortgage Lender

5 Nosy Questions To Expect From Your Mortgage Lender Your Lender Is Nosy (And Sometimes Rude) Million of mortgage applications are given to lenders each year. Some are for buyers of homes; some are for homeowners looking to refinance. All … Continue reading

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Current Mortgage Rates for Friday, January 22, 2016

Happy Friday everyone, and welcome to the TMS mortgage rates blog. Theres some economic data out today, but first, your mortgage rate forecast/advice. Where are mortgage rates going? The stock markets continued to rebound yesterday after a very shaky Wednesday. … Continue reading

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Weekly mortgage applications pop 9% on stock sell-off

The sell-off in the stock market was a boon to the mortgage market last week. Mortgage application volume jumped 9 percent on a seasonally adjusted basis for the week, compared with the previous week, according to the Mortgage Bankers Association. … Continue reading

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State settles mortgage securities lawsuit

The state had argued that VRS lost some $383 million on mortgage-backed securities, which banks pitched as safe investments despite knowing they were on shaky ground in the run-up to the Great Recession. As people defaulted on their mortgages, the … Continue reading

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Mortgage: Learn the basics of reverse mortgages

Reverse mortgages have become the cash-strapped homeowners financial planning tool of choice. The first FHA-insured reverse mortgage was introduced in 1989. Such loans enable seniors age 62 and older to access a portion of their home equity without having to … Continue reading

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U.K.’s Open Door for Foreign Buyers Closing on Mortgage Bonds

Just about anything in the UK — from football clubs to shopping malls and houses — can be acquired with ease by foreign investors. That’s changing for mortgage bonds. The UK’s 70 billion-pound ($100 billion) market for the securities may … Continue reading

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Wells Fargo Home Mortgage hires Northeast division sales manager

Wells Fargo Home Mortgage, a division of Wells Fargo Bank, hired Todd Johnson as Northeast divisional manager. Johnson brings 32 years of mortgage lending experience as an originator, manager and leader and will be based in Minneapolis.

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