* Delay as govt agrees plan with EU/IMF for Irish Life * Govt says restructuring plan to be prepared by end-Feb * Sale of 500 million-euro subprime mortgage book scrapped (Adds govt plan, source on IL&P ...
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UPDATE 1-Irish Life suspends UK loan book sale -source
Posted by mortgage 98 days ago (Editorial)
BofA told Fed it could sell branches in emergency: source
Posted by mortgage 130 days ago (Editorial)
(Reuters) - Bank of America Corp told Federal Reserve officials in June that it could shed branches in some parts of the country if it needed to raise capital in an emergency, a person familiar with the matter said. The proposal was part of a series of options provided to the Fed, including issuing a tracking stock for its Merrill Lynch operations. The fact that the bank proposed selling ...
Kenya: Housing Finance to Source Funds From Foreign Investors
Posted by mortgage 180 days ago (Editorial)
Mortgage lender Housing Finance has announced plans to tap international markets for long-term funds to finance fixed-rate home loans.
Home Lending Source Selects Advantage Systems? Accounting for Mortgage Bankers
Posted by mortgage 302 days ago (Editorial)
Advantage Systems, a provider of accounting and contract management tools for the mortgage and real estate industries, today announced that Miami-based Home Lending Source has selected its Accounting for Mortgage Bankers system to support the lender?s mortgage accounting needs.
401(k) is poor source of refinance funds (Bankrate.com via Yahoo! Finance)
Posted by mortgage 1015 days ago (Editorial)
It's likely a mistake to raid a 401 retirement fund and use the funds for a mortgage refinance.
401(k) is poor source of refinance funds (Bankrate.com)
Posted by mortgage 1015 days ago (Editorial)
Dear Dr. Don, A year or so ago, my 401(k) account was worth $265,000. Now it is worth $134,000. My mortgage balance is $289,000, while the home's value -- at least according to Zillow.com -- is now about $275,000. I have a 5/1 interest-only adjustable-rate mortgage at 5.5 percent with its first interest rate reset in August 2010. I am 62 years old.
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