Posts Tagged ‘borrowers’

Borrowers pay record £7bn off their mortgages in last three months

It was the 11th consecutive quarter during which the amount of money people unlocked from their homes was negative. View full post on All Stories

Rate reprieve may not last long

BORROWERS will be spared an interest rate rise tomorrow, but their luck may soon change, economists say. View full post on All Stories

Foreclosure-Prevention Plans Show Limited Impact

Two pieces of the Obama administration’s foreclosure-prevention plan have assisted fewer than 30,000 borrowers, according to data, adding to mounting evidence that the program has done little to turn around the foreclosure crisis. View full post on All Stories

Asia credit spreads tighten, borrowers flock to mkt

Asian credit spreads tightened on Thursday boosted by an upbeat outlook for economic growth and steady debuts by newly sold bonds despite a robust pipeline. View full post on All Stories

Six reasons mortgage lenders turn you down

Mortgage lenders have become far more picky about who they will lend to. We round-up the common reasons for borrowers being turned down View full post on All Stories

Banks’ price war just publicity stunt

NEARLY half of existing or potential borrowers say the “price war” between major banks only served to boost their profiles. View full post on All Stories

Questions Raised Over Good Faith Estimates

Good Faith Estimate forms do not always provide borrowers with a complete picture of what they will be paying in costs for their loan at closing, mortgage industry experts warn. View full post on All Stories

Wells Trimming Servicing Staff

Wells Fargo announced it will cut 68 positions at a Washington State loan collection call center. As borrowers pay off their loans, the company said that the number of delinquent accounts has decreased. “Unfortunately this wasn’t enough to address the smaller workload,” a Wells Fargo executive stated. View full post on All Stories

Global markets shrug off multiple Black Swans

Interest-rate derivatives, bond sales by the riskiest borrowers and rebounding benchmark stock indexes all show increasing confidence in the economy. View full post on All Stories

09-1611 U.S. v. Fuchs

Sentencing Position of trust enhancement Where a mortgage broker only defrauded lenders, not borrowers, the sentencing court should not have enhanced the sentence under U.S.S.G. 3B1.3 for abusing a position of trust. “During the sentencing proceeding, the government did not establish that the lenders in this case had a relationship of trust with Fuchs in [...]

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