Met Mortgage head reaches settlement

Even if you find a home you want to buy, it has also become much more difficult to qualify for a mortgage because even lenders have gotten scared. Gone are the days of no down payment. Now, you will be expected to have at least 10% ...more

3 Situations When An Adjustable Rate Mortgage May Be A Better ...

If you’re in the market to purchase a home, or you’re looking to refinance your existing home loan, there are some situations when an adjustable rate mortgage (ARM) may be a better option than a fixed rate mortgage. ...more

WMC reportedly laid off most workers

TheStreet.com reports that Burbank-based WMC Mortgage, a unit of General Electric, laid off most of its workers Monday afternoon, though it didn’t provide a number for the layoffs. Nat Worden writes: ...more

Best Mortgage Deals - Avoid Big Banks

Research suggests that the top 10 Biggest mortgage lenders offer amongst the most expensive mortgage deals in the UK. The council of mortgage lenders made a list of the best 250 mortgage deals and then worked out what % of these deals ...more

Met Mortgage head reaches settlement

The former leader of bankrupt Metropolitan Mortgage & Securities Co. will pay about $151000 to settle allegations that he masterminded fraudulent real estate deals that backfired into an accounting scandal.

What Would You Do if You Were Zillow Getting into Mortgages?

The mortgage market kicked off the year in a buoyant mood, with a 22% increase in the number of mortgage products, and several new lenders joining the fray. Just this time last year, the UK’s biggest home lender HBoS, came under fire ...more

TODAY’S DAILY MORTGAGE MARKET UPDATE: Tuesday, October 30: The Fed ...

The impact on mortgage rates remains to be seen (remember that after their last cut, rates shot up). More on the Fed meeting in a moment…But first, are we heading for a recession? According to the UCLA economic forecasting group, ...more

How to Refinance With a Wholesale Mortgage Lender

If you are considering mortgage refinancing and want the lowest possible interest rate, a wholesale lender could save you thousands of dollars. Not many homeowners understand how the markets work and most end up paying retail mortgage ...more

What Would You Do if You Were Zillow Getting into Mortgages?

Zillow announced a while back that they are launching a new mortgage service for the users of their site. They must be getting close, because they are currently recruiting for an industry relations director for their new mortgage ...more