CALABASAS, CA–(Marketwire -12/30/11)- According to Informa Research Services, a subsidiary of Informa plc (LSE: INF.L – News), the national average rate on traditional 30 year fixed rate mortgages remained unmoved at 4.19% this week; at this time last year, this same figure was 84 basis points higher. Informa Research Services suggests that consumers who are ...Read More
CALABASAS, CA–(Marketwire -12/30/11)- According to Informa Research Services, a subsidiary of Informa plc (LSE: INF.L – News), the national average rate on traditional 30 year fixed rate mortgages remained unmoved at 4.19% this week; at this time last year, this same figure was 84 basis points higher. Informa Research Services suggests that consumers who are ...Read More
NEW YORK, Dec. 30, 2011 (GLOBE NEWSWIRE) — New York Mortgage Trust, Inc. (Nasdaq:NYMT – News) (the “Company”) announced today that the Company, together with two of its wholly-owned subsidiaries (collectively, the “NYMT Companies”), entered into a Notice of Termination and Letter Agreement (the “Termination Agreement”) with Harvest Capital Strategies LLC (“HCS”), an affiliate of ...Read More
NEW YORK, Dec. 30, 2011 (GLOBE NEWSWIRE) — New York Mortgage Trust, Inc. (Nasdaq:NYMT – News) (the “Company”) announced today that the Company, together with two of its wholly-owned subsidiaries (collectively, the “NYMT Companies”), entered into a Notice of Termination and Letter Agreement (the “Termination Agreement”) with Harvest Capital Strategies LLC (“HCS”), an affiliate of ...Read More
MESA, Ariz. , Dec. 27, 2011 /PRNewswire/ – Wallick & Volk has officially opened its newest branch office in Mesa, AZ , proving once again, that by offering the highest quality mortgage products and services, businesses can thrive even in tough economic times. At a time when the news is filled with stories of recession and ...Read More
MESA, Ariz. , Dec. 27, 2011 /PRNewswire/ – Wallick & Volk has officially opened its newest branch office in Mesa, AZ , proving once again, that by offering the highest quality mortgage products and services, businesses can thrive even in tough economic times. At a time when the news is filled with stories of recession and ...Read More
JACKSONVILLE, Fla. , Dec. 27, 2011 /PRNewswire/ – Fidelity National Financial, Inc. (NYSE: FNF – News), a leading provider of title insurance, mortgage services and diversified services, today announced the signing of a definitive agreement under which it will sell an 85 percent interest in its personal lines business to WT Holdings, Inc. (“WT Holdings”) for ...Read More
NEW YORK–(BUSINESS WIRE)– Fitch Ratings takes the following rating actions on the U.S. residential servicer ratings for Carrington Mortgage Services, LLC (Carrington) –U.S. residential primary servicer rating for subprime product affirmed at ‘RPS3′; –U.S residential special servicer rating affirmed at ‘RSS3′. The rating actions are based on Carrington’s effective default performance; competitive performance metrics; focused, ...Read More
LONDON (Reuters) – Britain is to propose stricter rules for mortgage lending that aim to prevent a recurrence of irresponsible practices — such as “liar loans” — that led to the global financial crisis. The UK financial watchdog — the Financial Services Authority — will discuss these proposals with banks and other lenders in a ...Read More
A wide-ranging shake-up of the mortgage market has been unveiled by the financial services regulator, aiming to prevent a return of irresponsible lending and stop borrowers taking out deals which turn out to be unaffordable. The Financial Services Authority (FSA) said that while low interest rates have helped some borrowers, there are “real dangers” that ...Read More