Short Course: Pledged-asset mortgage (Detroit News)
A pledged-asset mortgage is a bit like buying a house “on margin.” Borrowers put investments into an account that acts as collateral for a full mortgage.
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SharperLending Partners with Stewart Mortgage Information, Strengthens Purchase Transactions on Bundling Services (Business Wire via Yahoo! Finance) SharperLending LLC, provider of a secure Web-based platform that enables lenders to order, store and manage mortgage products from multiple vendors at a single point of entry, has partnered
Lawmaker sets credit, mortgage hearing September 5 (Reuters via Yahoo! News) The U.S. House Financial Services Committee asked the Federal Reserve and the U.S. Treasury Department to testify at a hearing on September 5 that will examine the current crises
Give thanks for decorating tips Get David Brandt excited about decorating for the season and he'll fill a shopping cart until it's brimming with accessories.Commentread more...
Shortcourse: Rate lock (Detroit News) Sometimes called a "lock-in period," this is the 30- to 60-day time during which a mortgage lender agrees to hold the mortgage rate by the borrower to a set level.read
Firm to exit wholesale mortgage business (Boston Globe) E-Trade Financial Corp. slashed forecasts for 2007 profit as the discount brokerage exited the wholesale mortgage business because of a slew of bad home loans. The New York company, which
Pulte ranks highest in new home buyer satisfaction in Orlando Orlando Business Journal - 12:14 PM EDT Wednesday Pulte Homes ranks highest in home builder customer satisfaction in the Orlando market, according to a new J.D. Power & Associates study.read