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Center director forecast housing market's bubble before bust in 2007

Business News: Paramount wins lender award

Posted by mortgage 16 days ago (Editorial)
Paramount Mortgage Co. Inc., has been selected Lender of the Year by the Missouri Housing Development Commission. The honor is in recognition of a lender's commitment to quality and efficient loan processing with the best average time from loan reservation to loan funding.
With Bank of America and Citigroup taking a back seat, Wells is now originating 34% of all home loans. Some are worried that any distress at the San Francisco bank could roil the housing market. Wells Fargo & Co. has become so dominant in the mortgage business that major investors and federal regulators are worried that a financial hiccup at the giant bank could roil the already beleaguered real
Good news or bad news? Depends, perhaps, on what you do with it. Freddie Mac?s weekly survey of mortgage interest rates today reveals the rate on the 30-year fixed mortgage has hit a new low: 3.84% for the week ending May 3, down from 3.88% last week and 4.71% a year ago. As a matter of fact, all the rates surveyed hit new lows.
Being aware of these unscrupulous methods can help you avoid them as best you can.

10 dirty business tricks to watch out for

Posted by mortgage 21 days ago (Editorial)
Being aware of these unscrupulous methods can help you avoid them as best you can.
Churchill Mortgage, a leader in the mortgage industry providing conventional, FHA, VA and USDA residential mortgages across 23 states, was named as a finalist for Nashville?s ?Best

MetLife exits reverse mortgage business

Posted by mortgage 26 days ago (Editorial)
MetLife Inc, the largest U.S. life insurer and reverse mortgage lender, made a surprise shift on Thursday with the sale its reverse mortgage business as part of its exit from banking-related activities. ...

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