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.

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