Mortgage applications have decreased for two straight weeks, finds the U.S. Mortgage Bankers Association.
ATB Financial says homebuyers are often confused about the posted mortgage rates at many institutions.
Ohio-based Wellston First National Bank recently foreclosed on the wrong home, reports The Huffington Post. It adds the owner, Kate Barnett, was away on a two-week vacation when the bank came calling, so she couldn’t stop them when they mixed up her house with the one across the street. The institution sold and trashed her […]
FINRA has significantly increased transparency in mortgage-backed securities issued by Fannie Mae, Freddie Mac and Ginnie Mae.
Investors have spiced up the U.S. housing recovery.
U.S. House Republicans want to shut down Fannie Mae and Freddie Mac.
Perry Capital is suing the U.S. Treasury. The hedge fund says the Treasury violated the rules associated with its control of Fannie Mae and Freddie Mac in 2012, reports ft.com. This is because the Treasury requires Perry Capital to direct all profits back to the U.S. government as a dividend. Read more. Also read: Citigroup […]
American banks offer jumbo mortgages to HNW clients.
Even though banks may be raising mortgage rates, it won’t stop Canadians from buying homes. So make sure clients ask these important questions before signing on the dotted line, says gobankingrates.com. 1. What is the neighbourhood’s crime rate? You want your clients and their families to be safe. Plus, a high crime rate will lower […]
Scotiabank is making changes to its discounted rates on residential mortgages.