Types Of Bankruptcy

EverBank buys out BNY mortgage company (bizjournals.com via Yahoo! Finance)   The third largest bank in Northeast Florida will purchase interests for The Bank of New York's mortgage company.read more...


Bank of America Planned Sales Stirs Up Mortgage Market (Nasdaq)  NEW YORK -(Dow Jones)- Bank of America's announcement on Thursday that it is planning to sell $100 billion in securities over the next several years caused short-lived weakness in the


Man survives collapse  Angel Solis gets up at 4 a.m. every morning to prepare food at his restaurant, the AZ Land Cafe and Deli in the Loretta Claiborne Building in the 500 block


Searching for Age and Gender Discrimination in Mortgage Lending  Bias Source: Office of the Comptroller of the Currency Searching for Age and Gender Discrimination in Mortgage Lending "This paper tests for the presence of age and gender discrimination in


Confused by all the Mortgage Options? Here's Help (Ridgecrest Daily Independent)  (ARA) - Fixed rate. Adjustable rate. Interest Only. Flex. All of the different types of home loans that are available these days can puzzle many homebuyers. But, say mortgage experts,


New Century Unloads Slate Of Unfunded Mortgage Loans (Nasdaq)  IRVINE, Calif. (AP)--New Century Financial Corp. (NEWC) has unloaded all of the mortgage loans it originated but had yet to fund, the company said in documents filed with the Securities

January 12th, 2008

Banks seek clarity on reverse mortgage (Business Standard India)

Banks propose to seek clarity from the Reserve Bank of India (RBI) on the risk weights that should apply for reverse mortgage loans. At present, the risk weight for real estate sector apply to reverse mortgage loans, which is calculated at 150 per cent of the value of the loan.

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