PMI protects lender, not borrower
Private mortgage insurance is intended to protect lenders at higher risk of loss, says Dr. Don Taylor.
read more…
Concord Mortgage Office Going Out of Business (KRON 4 Bay Area) Posted December 15, 2006 at 11:00 a.m. PHILADELPHIA (AP) - Some Bay Area employees of an East Coast-based bank will out of work soon. Philadelphia-based Sovereign Bancorp says it will
Fitch Rates $793.9 Million J.P. Morgan Mortgage Trust 2006-A1 (Business Wire via Yahoo! Finance) NEW YORK----Jan. 30, 2006--J.P. Morgan Mortgage Trust $793.9 million mortgage pass-through certificates, series 2006-A1, are rated by Fitch Ratings as follows: Classes 1-A-1, 1-A-2, 1-A-3, 2-A-1, 2-A-2, 2-A-3, 2-A-4,
Mortgage Fraud Ring Dupes Las Vegas Home Sellers (KLAS) The FBI has identified Nevada as one of the top ten mortgage fraud hot spots in the nation. According to the FBI mortgage fraud costs lenders more than $1 billion
North Vs. South read more...
Dollar Falls to Lowest in Two Months on U.S. Mortgage Concerns (Bloomberg.com) July 24 (Bloomberg) -- The dollar fell to the lowest in more than two months against the yen and weakened against 13 of the 16 most-active currencies on speculation subprime
Stocks Fall As Bond Yields Rise "It's partially an excuse to take profits, but there are also some legitimate concerns that if bond yields get high enough, they will present an attractive alternative to stocks, and