Trump’s Treasury Pick Defends Role in Foreclosure Crisis

Author:  //  Category: Mortgage

… Mnuchin's investment in sub-prime mortgage lender IndyMac bank, which failed … the opportunity to have their mortgage reviewed and we corrected any …

Go here to read the rest:
Trump’s Treasury Pick Defends Role in Foreclosure Crisis

Share/Save/Bookmark

In Texas, Perry was ‘all of the above’ on energy production

Author:  //  Category: Mortgage

… into his confirmation hearing Thursday: sub-prime mortgage lender IndyMac bank.
Mnuchin, who … the worst portfolios of bad mortgage loans “in the history … overseeing the firm's mortgage trading desk before becoming chief …

Read the original post:
In Texas, Perry was ‘all of the above’ on energy production

Share/Save/Bookmark

In Texas, Perry was ‘all of the above’ on energy production

Author:  //  Category: Mortgage

… into his confirmation hearing Thursday: sub-prime mortgage lender IndyMac bank.
Mnuchin, who … the worst portfolios of bad mortgage loans “in the history … overseeing the firm's mortgage trading desk before becoming chief …

View original post here:
In Texas, Perry was ‘all of the above’ on energy production

Share/Save/Bookmark

Mortgage Rates Dip But Likely to Jump

Author:  //  Category: Mortgage

Interest rates on residential loans turned modestly lower over the past week. But the next report is likely to reflect a significant surge in rates.

Home loans that were closed during December had an average 30-year note rate 4.05 percent, surging 24 basis points from the prior month.

But despite the month-over-month deterioration, 30-year mortgage rates have moved down 21 BPS compared to final month of 2015.


Mortgage Rates Dip But Likely to Jump

Share/Save/Bookmark

Mortgage Rates Dip But Likely to Jump

Author:  //  Category: Mortgage

Interest rates on residential loans turned modestly lower over the past week. But the next report is likely to reflect a significant surge in rates.

Home loans that were closed during December had an average 30-year note rate 4.05 percent, surging 24 basis points from the prior month.

But despite the month-over-month deterioration, 30-year mortgage rates have moved down 21 BPS compared to final month of 2015.


Excerpted from:
Mortgage Rates Dip But Likely to Jump

Share/Save/Bookmark

Trump’s Treasury Nominee Denies He Mistreated Troubled Borrowers

Author:  //  Category: Mortgage

… . The bank foreclosed thousands of mortgages, and Wyden said Mnuchin… including in movies and a sub-prime mortgage lender IndyMac. The Wall Street …

Excerpted from:
Trump’s Treasury Nominee Denies He Mistreated Troubled Borrowers

Share/Save/Bookmark

Trump’s Treasury Nominee Denies He Mistreated Troubled Borrowers

Author:  //  Category: Mortgage

… . The bank foreclosed thousands of mortgages, and Wyden said Mnuchin… including in movies and a sub-prime mortgage lender IndyMac. The Wall Street …

Read the original:
Trump’s Treasury Nominee Denies He Mistreated Troubled Borrowers

Share/Save/Bookmark

Government Backing of 30-Year Mortgage at Risk

Author:  //  Category: Mortgage

With a sea change about to take place in Washington, the elimination of government backing for 30-year mortgages has become a possibility.

President-elect Donald J. Trump’s choice to lead the Treasury Department, Steven Mnuchin, has said he wants Fannie Mae and Freddie Mac to be privatized.

But the pair of government-sponsored housing enterprises, with the support of the U.S. government, have made 30-year loans possible with their backing.


See the rest here:
Government Backing of 30-Year Mortgage at Risk

Share/Save/Bookmark

Government Backing of 30-Year Mortgage at Risk

Author:  //  Category: Mortgage

With a sea change about to take place in Washington, the elimination of government backing for 30-year mortgages has become a possibility.

President-elect Donald J. Trump’s choice to lead the Treasury Department, Steven Mnuchin, has said he wants Fannie Mae and Freddie Mac to be privatized.

But the pair of government-sponsored housing enterprises, with the support of the U.S. government, have made 30-year loans possible with their backing.


View original here:
Government Backing of 30-Year Mortgage at Risk

Share/Save/Bookmark

Fidelity National Title Briefly Suspended in CA

Author:  //  Category: Mortgage

The title insurance unit of Fidelity National Financial Inc. was suspended in California, though the situation has just been rectified.

An alert Thursday from FundingShield LLC indicated that Fidelity National Title Co. has been suspended by the state of California.

The suspension, which was reportedly in place as of Jan. 3, technically meant that the title insurer couldn’t conduct business in the Golden State.


More here:
Fidelity National Title Briefly Suspended in CA

Share/Save/Bookmark