Banner Ad for Local Professional available to assist you.

If you do not find the answer to your question, Give me a Call at 216-324-8113
or
Click Here to send an Email Question, Ask for More Information or Make a Suggestion.

 

Tim Bradford   
Lending Specialist   
216-324-8113   

MortgageDaily.com - Mortgage News Headlines

MortgageDaily.com - Mortgage News Headlines


Mortgage Industry News for the Mortgage Industry



Mon, Sep 12, 05


The company lost its Federal Housing Administration approval in February and subsequently halted new business.

The defendants allegedly submitted fraudulent loan applications to First Magnus Financial Corp., NovaStar Mortgage Inc. and Washington Mutual Bank, N.A.]]>

Mon, Sep 12, 05

Mortech-MortgageDaily.com Mortgage Market Index for the week ended March 17, mortgage activity declined 6 percent.

The spread between fixed- and adjustable-rate mortgages widened to 84 BPS from 73 BPS the previous week, according to Freddie Mac's latest report.

The jumbo spread declined to 75 BPS from 88 BPS a week earlier in the Mortgage Market Index report.]]>

Mon, Sep 12, 05


Commercial real estate loans were down $58 billion from Sept. 30, 2009.

On a year-over-year basis, CRE loans backing asset-backed securities, collateralized-debt obligations and commercial mortgage-backed securities had the biggest impact on overall contraction.]]>

Mon, Sep 12, 05

Real Estate Settlement Procedures Act to impose deadlines on mortgage lenders and settlement agents.

The legislation would require that a mortgage lender provide the settlement agent with the a number of documents at least four business days before the scheduled date of settlement.

But the bill imposes no obligation on the settlement agent to provide closing cost information to the lender at any time, even if the information would be needed to complete the required documents.]]>

Mon, Sep 12, 05

Real Estate Settlement Procedures Act does not prohibit overcharges.

The decision was rendered in a case against Wells Fargo Home Mortgage.

The plaintiffs claimed an underwriting fee they were charged was excessive.

The court concluded that Section 8(b) of RESPA prohibits only the practice of giving or accepting money where no service whatsoever is performed in exchange for that money, and cannot be read to prohibit charging fees, excessive or otherwise, when those fees are for services that were actually performed.]]>

Questions, comments, or suggestions?
Please contact us:
American Midwest Mortgage Corp.
Telephone: 216-324-8113

Updated
Thank you for visiting Ohio203K.com! Tim Bradford -- Ohio MB.803389 -- LO.007173 2008 American Midwest Mortgage Corporation. Privacy Policy

Affiliated WebSites

Ohio Home Loans     All about Ohio HECM Reverse Mortgages     Rent Vs Own in Ohio
Ohio First Time Buyer Programs Grants      Cleveland and Northern Ohio Realtors   
Ohio Buyers and Sellers Resources   Information - Ohio 203K Loan