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Mortgage rates, bank stocks plunge post election – For mortgage borrowers in locations such as San Jose, Cali. borrowing at the local conforming loan limit of $625,000, with the mortgage price by 1 discount point, lowers the closing cost by $6,255. Ex-mortgage broker convicted in $2.4M mortgage scheme.
Lender revives housing boom-era mortgage concept – As mortgage rates continue to hike up, some lenders are bringing back lock and shop’ programs to assist borrowers in purchasing a home. Privately owned Premier Nationwide Lending is the latest to.
Mortgage rates move higher on strong economic forecasts – Fixed mortgage rates moved higher for the first time in three weeks amid positive economic data out of the manufacturing and non-manufacturing sectors. Additionally, the U.S. expanded by an annual.
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Two Attorneys Among Four Convicted Of $9.2 Million. – CHICAGO, IL. – Two Chicago lawyers are among four defendants who were found guilty yesterday of participating in a $9.2 million mortgage fraud scheme by a federal jury after a nine-week trial. All four defendants were convicted of multiple counts of mail and wire fraud, and three of them on other related charges, for their roles in a scheme that allegedly netted them approximately $5 million.
Private capital has the means to step up in the mortgage market – While talks around the water cooler that the majority of the market wants private capital to make its comeback in the mortgage finance system, the theory looks better on paper. Mortgage experts took.