INR Media Network


 

Fixed and Adjustable Mortgage Rates Take Opposite Paths

7:25 am   -   August 23rd, 2007

Fixed mortgage rates declined, with the average conforming 30-year fixed mortgage rate falling to 6.58 percent. According to Bankrate.com’s weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.28 discount and origination points. (more…)

Bank of America Makes Investment in Countrywide Financial

7:24 am   -   August 23rd, 2007

Bank of America Corporation has made an investment in Countrywide Financial Corporation, the largest mortgage lender in the United States.

Bank of America will invest $2 billion in the form of a non-voting convertible preferred security yielding 7.25 percent annually. The security can be converted into common stock at $18 per share. (more…)

First Went Sub-prime, now Alt-A, What’s a Loan Officer to do?

10:28 pm   -   August 13th, 2007

This will work itself out. Performance on mortgages in Alt-A securities combined with their already higher yields will draw investors back but make no mistake, the process of determining what is in a security will be different for a time and investors are going to expect more, not less or even the same information about the credit criterion of the loans in this type security. (more…)

Aegis Mortgage Corporation Suspends Loan Originations

5:38 pm   -   August 6th, 2007

Aegis Mortgage Corporation said today that the company has suspended all loan originations, Mortgage News Review has learned. Apparently Aegis Mortgage Corporation is suffering problems because of the worsening housing and credit markets. (more…)



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The Work Number Ensures Lender Compliance with Fannie Mae's Loan Quality Init...
announced today that social security number verification can be easily fulfilled using its DirectChek identity fraud solution, a product offering from the recent acquisition of The Rapid Reporting Company. DirectChek assists lenders in meeting the new
The Work Number Ensures Lender Compliance with Fannie Mae's Loan Quality Init...
ST. LOUIS, March 11 /PRNewswire/ -- The Work Number® announced today that social security number verification can be easily fulfilled using its DirectChek identity fraud solution, a product offering from the recent acquisition of The Rapid Reporting
The Work Number Ensures Lender Compliance with Fannie Mae's Loan Quality Init...
announced today that social security number verification can be easily fulfilled using its DirectChek identity fraud solution, a product offering from the recent acquisition of The Rapid Reporting Company. DirectChek assists lenders in meeting the new
The Work Number Ensures Lender Compliance with Fannie Mae's Loan Quality Init...
announced today that social security number verification can be easily fulfilled using its DirectChek identity fraud solution, a product offering from the recent acquisition of The Rapid Reporting Company. DirectChek assists lenders in meeting the new
Omam prepares to unveil British fund
Old Mutual Asset Managers (Omam) has announced it will launch a British absolute return fund for Luke Kerr in May. The Old Mutual UK Specialist Absolute Return fund will be an Ireland-domiciled Ucits III portfolio, investing primarily in British equities
Group set to convert absolute return to Ucits III
Standard Life Investments (SLI) is converting its Global Absolute Return Strategies (GARS) into a Ucits III format later this month. The £2 billion fund, managed by SLI?s multi-asset team, is structured as a non-Ucits retail scheme (Nurs) but will be
Money market funds hit by switch to equities
Money market funds have struggled to recover from the effects of the credit crisis, suffering net outflows over the past couple of months as investors have switched into equity funds. According to EPFR Global Fund Data, which covers funds registered for
Capstead Mortgage declares Q1 common stock dividend
Extract not available.
Getting a mortgage refinance will save you money each month
Since a mortgage refinance is a secured loan the interest rate is going to be less then what you are getting currently. Usually most people will attempt to get rid of high interest loans through a . Most of these high interest loans that people have are
Market Moving News displays Mortgage rates staying under 5% for the second st...
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U.S. Mortgage Foreclosures grow by 6% in February
The mortgage foreclosures were reported up by 6% in the month of February, according to an industry report released by RealtyTrac Inc., a California based seller of default data, on Thursday. This is reported as the slowest growth rate of Foreclosures in
The Work Number Ensures Lender Compliance with Fannie Mae's Loan Quality Init...
ST. LOUIS, March 11 /PRNewswire/ -- The Work NumberĀ® announced today that social security number verification can be easily fulfilled using its DirectChek identity fraud solution, a product offering from the recent acquisition of The Rapid Reporting
Capstead Mortgage Corporation Declares a $0.50 Per Share First Qu...
Company: Capstead Mortgage Corp. (CMO) Capstead Mortgage Corporation (NYSE: CMO) announced today that it will pay a first quarter 2010 dividend of $0.50 per common share on April 20, 2010 to stockholders of record as of March 31, 2010. About Capstead
Fannie Mae to offer $6b in notes
NEW YORK -- Fannie Mae on Thursday said it will offer $6 billion of new 3-year notes due May 7, 2013. The offering was first announced Wednesday without specifics. The notes were priced at $99.839 and will yield 1.803 percent each May 7 and November 7.

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