Author Archive

Sunday Buzz Meridian Mortgage founder has questions in his past
Seattle Times
Darren Berg compiled an impressive record as an entrepreneur in recent years, raising an estimated $175 million for a series of mortgage.

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Think hard about a reverse mortgage
Allentown Morning Call
In an attempt to protect aging homeowners from being scammed or given bad advice, Pennsylvania wants mortgage lenders to take additional steps before they
Lenders reject nine out of 10 applicants – welcome to the 90 per cent loanIndependent

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New Rules for Mortgage Lenders
Wall Street Journal
In some parts of the country, it doesn't take much to become a mortgage-loan officer. Not a license, not much training.
New law targets mortgage brokersCullman Times Online
Federal agencies issue final rules implementing S.A.F.E. Act requirements for Lexology (registration)

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SBS
30 Year Fixed Mortgage Rates hit Record Low Continue Decline fueled by Fannie
Learning and Finance (blog)
Fannie Mae and Freddie Mac drove the average rate for a 30 year fixed rate mortgage down to 4.54 percent this past week. Mortgage rates for US homes set a
Taking steps toward refinancing a rental propertyWashington Post
Thanks, HankHuffington Post (blog)
'Free Stimulus' via Refinancing, Debate GrowsWall Street Journal (blog)
The Atlantic (blog) -Big Government (blog)
all 10 news articles »

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Mortgage $$-plot slap
New York Post
DA Cyrus Vance Jr. called the case against AFG Financial Group and its principals one of the largest and most complex mortgage-fraud prosecutions in the
Four Guilty in $100 Million Mortgage Fraud CaseDNAinfo
Four convicted in $100M mortgage fraudThe Real Deal New York (blog)

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Washington Post
Mortgage Rates at all time Low
WSAW
The good news is that mortgage rates are at an all time low…just 4.54% for 30 year fixed. But tighter credit standards have some walking away from the
Mortgage rates on six-week, record-breaking slideExaminer.com
Later than expected, 4.5 percent fixed-rate mortgage arrivesPhiladelphia Inquirer
Now is the time to pay up to trade upSan Francisco Chronicle (blog)
Los Angeles Times -Bankrate.com -MonitorBankRates.com
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PMI Group Sells FGIC, May Get Future Tax Benefit
Wall Street Journal
PMI Group Inc.'s (PMI) US mortgage insurance unit sold its equity ownership in troubled bond insurer FGIC Corp. for an undisclosed amount.
PMI Mortgage Insurance Co. Sells Investment in FGIC CorporationPR Newswire (press release)

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Former Raymore builder sentenced to prison in mortgage fraud case
Kansas City Star
A former Raymore home builder was sentenced today to two and a half years in prison for his role in a large-scale mortgage fraud scheme.
In brief | Maker of child porn gets 15 yearsKansas City Star

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Middleburg Financial Corporation Announces 2010 Second Quarter Earnings
MarketWatch (press release)
Increases in trust and investment advisory fees and gains on sales of mortgage loans were offset by net securities losses. Trust and Investment advisory
C&F Financial Corporation Announces Second Quarter EarningsPR Newswire (press release)
Middleburg Financial Corporation Announces Second Quarter 2010 DividendPR Newswire (press release)

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