family owned and operated We invite you to experience mortgage banking at its best. Our most valuable asset is our experienced staff. We have gathered a great group of professionals with the experience and expertise to make sure your mortgage experience is a positive one.
Mortgage rates plummet to new lows While rates have been hovering near record lows for weeks, thanks in part to negative economic data, the drop this week to new record-low mortgage rates is likely due to two factors, said Keith.
Market shift: HSBC offloads huge REO portfolio to Altisource In the latest addition to Altisource Portfolio Solutions, the company is acquiring the servicing rights to HSBC’s REO department. The decision is already drawing fire for its cloak-and-dagger.
In December, Gateway mortgage group announced the grand opening of its new headquarters in Jenks, Oklahoma. Located in the Gateway District, the headquarters will include a restaurant, an office building and retail development. The spacious four-story building has 10,000 square feet available for lease.
California man found guilty in $5.8 million mortgage fraud scheme Chronos Solutions helps lenders manage costs amid rising interest rates S&P settles with SEC for $58 million over bond ratings fraud Future plans of investors in private real estate Technology is a constantly developing tool. It is having a huge influence in many, if not all, spheres of our lives, including real estate investments. Yet, we cannot be certain where the future will lead us. What we actually can do is review the current technological developments and assume what else might happen with them in the near future, with regards to the future of real estate investing.The risk of rising interest rates can’t be evaluated in a vacuum, but must be considered as part of an appropriate risk management plan based on each company’s particular situation and risk tolerance, according to Jeff Messner, managing director in financial risk management at SunTrust Robinson Humphrey.Sterne Agee lowers and suspends estimates on Ocwen’s debt refi Servicing our debt requires a significant amount of cash, and we may not have sufficient cash flow from our business to pay our substantial debt. Our ability to make scheduled payments of the principal of, to pay interest on or to refinance our indebtedness, including the Notes, depends on our future performance, which is subject to economic.Stockton Man Sentenced to Three Years in Prison for His Participation in a large-scale mortgage fraud scheme. Arthur Change Menefee of Stockton was sentenced to three years in prison and ordered to pay over $5 million in restitution for mortgage fraud.Borrowers get some legal leverage in CFPB servicing rules Police arrest fugitive Southlake title company owner Assault – Woodland police Friday arrested Stephen Andrew August, 31, city of residence unknown, on suspicion of third-degree assault, resisting arrest and being a fugitive from justice.Under the CFPB’s existing rules, a mortgage servicer must give borrowers certain foreclosure protections, including the right to be evaluated under the CFPB’s requirements for options to avoid.
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