Reverse Mortgage
Kudos to American Advisors Group for their marketing genius during a big demographic shift.
Originations Linkfest 1/3/16: cleaning out the archives in one big post, which it turns out, is a good snapshot of the topics you can expect to see here on a daily basis in 2017.
It's official: MetLife cuts very last mortgage operation loose. They're out of lending.
WHY PEOPLE MOVE Among those who moved between 2009 and 2010, Census said almost 44% of them (16.4m) did so for housing-related reasons, such as the desire to live in a new or better home or apartment. Thirty percent moved for family reasons (including marital status), and 16% for employment. In 2010, 37.5m people 1
Fannie & Freddie Hearing Feb. 9 Scott Garrett, chairman of the House Financial Services Committee’s Subcommittee on Capital Markets, announced that he would hold a hearing Wednesday on Feb. 9 on reforming Fannie Mae and Freddie Mac. “This hearing will be the first in a series of hearings to examine the steps Congress can take
Financial Reform Back In Headlines Our elected officials return from the July 4th recess this week, and those in the mortgage business are waiting to see if the Senate passes the Financial Reform Bill and passes it along to the president for his signature – as expected. Among other things to note, the bill establishes
Financial Reform Back In Headlines Our elected officials return from the July 4th recess this week, and those in the mortgage business are waiting to see if the Senate passes the Financial Reform Bill and passes it along to the president for his signature – as expected. Among other things to note, the bill establishes
Goldman, US Bank Earnings Goldman announced its 1st quarter earnings today. Earnings rose 91% in the quarter, to $3.46 billion, up from $1.81 billion in the same period last year, while revenues increased 36 percent to $12.78 billion, up from $9.42 billion in the quarter a year ago. The bank’s bond, commodities and currency trading
No Fee Reverse Mortgages? If a senior citizen pays even one penny for a reverse mortgage, is the borrower paying too much? The latest trend in reverse mortgage lending is for the lender to charge no origination or servicing fees. MetLife, Pentagon Federal Credit Union, and now Financial Freedom and Generation Mortgage are all taking
Homebuyer Tax Credit Expiration Reminder Two nuns, a penguin, and a man with a parrot on his shoulder walk into a bar. The bartender says, “What is this – some kind of joke?” Not a joke are two key deadlines looking: the end of the first time home buyer tax credit is in sight, and
Homebuyer Tax Credit Expiration Reminder Two nuns, a penguin, and a man with a parrot on his shoulder walk into a bar. The bartender says, “What is this – some kind of joke?” Not a joke are two key deadlines looking: the end of the first time home buyer tax credit is in sight, and
First Bank Failure of 2010 The first bank to fail this year is Horizon Bank (WA), with 18 branches that are now being run by Washington Federal Savings and Loan Association, who also assumed all of Horizon’s $1.1 billion of deposits. More On Friday’s Jobs Report As you can imagine, the economists spent the weekend
US Bank Expansion, CIT Bankruptcy What do Bank USA, National Association of Phoenix; California National Bank of Los Angeles; San Diego National Bank; Pacific National Bank of San Francisco; Park National Bank of Chicago; Community Bank of Lemont, Illinois; North Houston Bank; Madisonville State Bank of Madisonville, Texas; and Citizens National Bank, of Teague, Texas
US Bank Expansion, CIT Bankruptcy What do Bank USA, National Association of Phoenix; California National Bank of Los Angeles; San Diego National Bank; Pacific National Bank of San Francisco; Park National Bank of Chicago; Community Bank of Lemont, Illinois; North Houston Bank; Madisonville State Bank of Madisonville, Texas; and Citizens National Bank, of Teague, Texas
“A woman in Great Britain has died after being hit in the back of the head by a golf ball, on the first hole. Her husband was so distraught he only played the front nine.” Stories like that are terrible, and it is hard for men to catch a break. It is also hard for
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