Wall Street is just this dumb: “There are traders who are smart, though not many”

Author:  //  Category: Mortgage

… by anticipating the collapse of sub-prime mortgages in the global financial crisis …

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Wall Street is just this dumb: “There are traders who are smart, though not many”

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Biased Lending Evolves, and Blacks Face Trouble Getting Mortgages

Author:  //  Category: Mortgage

… , deliberately placing branches, brokers and mortgage services outside minority communities, even … the excesses of the subprime era in mortgage lending has, in some … generated five times as many mortgage applications from predominantly black neighborhoods …

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Biased Lending Evolves, and Blacks Face Trouble Getting Mortgages

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‘Redlining’ Resurfaces as Blacks Face Trouble Getting Mortgages

Author:  //  Category: Mortgage

… , deliberately placing branches, brokers and mortgage services outside minority communities, even … the excesses of the subprime era in mortgage lending has, in some … generated five times as many mortgage applications from predominantly black neighborhoods …

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‘Redlining’ Resurfaces as Blacks Face Trouble Getting Mortgages

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Cutting Edge Capital Applauds Today’s SEC Release Regarding Direct Public Offerings

Author:  //  Category: Mortgage

The Securities and Exchange Commission’s announcement today was monumental – but not for the reasons most people had been anticipating.

OAKLAND, CA, UNITED STATES, October 30, 2015 /EINPresswire.com/ — While the final rules are now out for Title III of …

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Cutting Edge Capital Applauds Today’s SEC Release Regarding Direct Public Offerings

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They’re back … the sub-prime mortgage market has returned

Author:  //  Category: Mortgage

… days of irresponsible mortgage lending?
Whatever your view on sub-prime mortgages, you might … a wide berth.
I thought sub-prime mortgages had been outlawed? No, they … .
But don’t call them sub-prime mortgages. Sub-prime is now a dirty word …

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They’re back … the sub-prime mortgage market has returned

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2008 again?

Author:  //  Category: Mortgage

Sub-prime mortgages, widely blamed for causing the … .
But the new wave of sub-prime mortgages on offer may prompt concern … do not call them sub-prime mortgages, as the phrase sub-prime has now effectively …

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2008 again?

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Record Streak Ends for COFI

Author:  //  Category: Mortgage

After falling to a new record low for three consecutive months, the 11th District Cost of Funds Index turned higher last month.

As of September, the index — which is utilized to determine rate changes on some adjustable-rate mortgages — was 0.651 percent.

That was an increase from the previous month, when COFI was 0.639 percent — an all-time low based on data back to July 1981.


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Record Streak Ends for COFI

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Record Streak Ends for COFI

Author:  //  Category: Mortgage

After falling to a new record low for three consecutive months, the 11th District Cost of Funds Index turned higher last month.

As of September, the index — which is utilized to determine rate changes on some adjustable-rate mortgages — was 0.651 percent.

That was an increase from the previous month, when COFI was 0.639 percent — an all-time low based on data back to July 1981.


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Record Streak Ends for COFI

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Alaska USA Lending Off; Staffing, Servicing Up

Author:  //  Category: Mortgage

Although quarterly mortgage production dipped at Alaska USA Federal Credit Union, headcount and residential loan servicing both grew.

During the three months that ended on Sept. 30, home loan production totaled three percent less than in the previous three-month period.

The numbers were provided, along with other operational metrics, as part of the Mortgage Daily Third Quarter 2015 Mortgage Origination Survey.


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Alaska USA Lending Off; Staffing, Servicing Up

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Mortgage fraud on the rise among brokers trying to help clients qualify

Author:  //  Category: Mortgage

… on mortgage fraud is directed toward alternative mortgage lenders and independent mortgage brokers … the United States with the subprime mortgages.”
Others play down the risks … fraudulent activity, mortgage broker Mr. Hammami says. Banks and mortgage brokerages, many …

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Mortgage fraud on the rise among brokers trying to help clients qualify

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