Halifax to raise mortgage rates (Reuters.co.uk)
LONDON (Reuters) – Britain’s biggest mortgage lender Halifax is to raise mortgage rates on Monday and introduce a new pricing band that will increase costs for customers with small deposits.
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Fannie Mae, Freddie Mac to Exit Subprime in New York Lenders will need to change mortgage origination systems ... (Finance Technology Network) Banks lending in New York will have to change their mortgage origination systems to reflect Fannie Mae and Freddie Mac's exit from subprime lending in the state. It is unclear
Milwaukee-based mortgage insurer MGIC sets higher bar for customers (Wisconsin State Journal) The nation's leading mortgage insurer, MGIC Investment Corp., said it plans to limit its exposure in declining housing markets by requiring higher credit scores and larger down payments. Starting March
Mortgage brokers flailing (The Charlotte Observer) Mortgage brokers who haven't fled the industry or been forced out are in survival mode. They're coping with little or no business as the economy slows, accusations that they're to
5 Ways to Unleash the Music Two years ago this coming Thursday, the online music business stopped being a joke.via
BofA rolling out reverse mortgage (The Charlotte Observer) Over the past year, Bank of America Corp. has been developing so-called "reverse mortgage" products that are designed to serve senior citizens who often have more assets in their homes