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NAIROBI (Reuters) - Kenya's Housing Finance posted an 11 percent rise in first-quarter pretax profit to 190 million shillings, a sharp slowdown from the 66 percent growth achieved a year ago as higher interest rates curbed demand for mortgages. Kenya's sole specialist mortgage lender, commanding 31 percent of the total 17,000 mortgage accounts, said on Tuesday sales fell 38 percent to 2 b
Mortgage rates fell this week over disappointing March job growth numbers, uncertainty about the ongoing debt crisis in Europe, and slower projected growth in corporate earnings, Bankrate.com reported Thursday in its weekly national survey.
As the mortgage industry continues to reshape and redefine itself, Residential Finance Corp. , a nationwide mortgage lender, announced the growth of its retail branching division.

ONE REVERSE MORTGAGE ENJOYING RAPID GROWTH

Posted by mortgage 69 days ago (Editorial)
The country?s biggest reverse-only mortgage lender, headquartered in San Diego, has nearly doubled its office space to accommodate for growth and expects to hire more workers this year.
SAN DIEGO, March 13, 2012 /PRNewswire/ --
Nations Lending Corporation has announced that the company's growth as a national mortgage lender has inspired the firm to move into larger office space in Independence, Ohio 44131. In late 2011 the mortgage banking company began occupying the entire second floor of a new office complex in order to originate, underwrite and process more residential refinance mortgage loans.Independence, Ohio
By LuAnn LaSalle, The Canadian Press MONTREAL - National Bank of Canada has been increasing its home mortgages business with the help of more specialists and by working with brokers, but it hasn't lowered ...
MONTREAL - National Bank of Canada has been growing its home mortgages business with the help of more specialists and by working with brokers, but it hasn't lowered its underwriting standards to achieve the growth, the bank said Friday.

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