Record Low for 11th District COFI

Author:  //  Category: Mortgage

Borrowers on adjustable-rate mortgages that are tied to the 11th District Cost of Funds Index got an unexpected surprise last month.

As of September 2016, COFI — which is utilized to determine rate changes on a small share of ARMs — came in at 0.601 percent.

The index wound up shattering the 0.643 percent record low established in July 2015 based on historical data going back to July 1981.


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Record Low for 11th District COFI

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Mortgage Exec Appointments Include C-Suite Jobs

Author:  //  Category: Mortgage

A host of mortgage firms, small and not-so-small, have announced that several open executive positions have been filled — including a number of C-Suite positions.

Forty-year mortgage veteran Jack Lloyd was named president of Heartland Mortgage, Dubuque, Iowa-based Heartland Financial USA Inc. announced on Oct. 25.

Lloyd most recently was market president at BMO Harris Bank. Also during his four-decade career, he held jobs at PNC Mortgage and Home Savings of America.


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Prosperity Home Mortgage Staffing, Lending Slips

Author:  //  Category: Mortgage

Despite a quarter-over-quarter decline in home lending and staffing at Prosperity Home Mortgage LLC, both metrics were up from a year earlier.

Chantilly, Virginia-based Prosperity was originally formed as a joint venture between Long & Foster Companies and Wells Fargo & Co. in 1993.

In 2014 it expanded its operations from just the Carolinas to the Mid-Atlantic and Northeast. It currently is a wholly owned subsidiary of Long & Foster.


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Prosperity Home Mortgage Staffing, Lending Slips

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Do “Bad Credit Mortgages” Really Exist?

Author:  //  Category: Mortgage

… for the right mortgage»
SUBPRIME MORTGAGES
Also known as adverse credit mortgages, subprime mortgages are for … poor credit ratings, subprime mortgages are designed for them.
Subprime loans have a … lenders can offer you different  subprime mortgage packages. While sticking to one …

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Do “Bad Credit Mortgages” Really Exist?

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Macrium Software Launch New Central Management Console

Author:  //  Category: Mortgage

Macrium Software have launched their brand new Central Management Console (CMC) for the Reflect backup solutions.

MANCHESTER, UNITED KINGDOM, October 31, 2016 /EINPresswire.com/ — MANCHESTER/UK – 31 October 2016 – Macrium Software, the disk imaging …

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Macrium Software Launch New Central Management Console

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Non-performing Mortgages for Sale

Author:  //  Category: Mortgage

A pool of non-performing residential loans are being offered for sale to the highest bidder. More than $100 million in mortgages are involved.

The whole-loan transaction includes a pool of 641 non-performing first-lien mortgages. The collective unpaid principal balance is $107 million.

New Jersey is the location of properties securing 18 percent of the mortgages, and 11 percent of the loans are secured by New York properties.


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Pre-Launch for blockchain startup TamTam Travels targeting trillion dollar industry

Author:  //  Category: Mortgage

A trillion dollar industry that estimates over a billion tourists per annum, has suffered a lack of innovation for many years.

LONDON, LONDON, UNITED KINGDOM, October 31, 2016 /EINPresswire.com/ — TamTam Travels is a startup looking to leverage the …

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Middle East corporations focusing on shared services and outsourcing convene in Bahrain this week

Author:  //  Category: Mortgage

The Shared Services & Outsourcing Week conference will see senior stakeholders in the region discuss strategies to introduce shared services in their business.

MANAMA, BAHRAIN, October 31, 2016 /EINPresswire.com/ — Heads of shared services, finance, …

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Middle East corporations focusing on shared services and outsourcing convene in Bahrain this week

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Metro Cash ‘n Carry Namibia Goes Solar

Author:  //  Category: Mortgage

ONDANGWA AND OSHAKATI, NAMIBIA, October 28, 2016 /EINPresswire.com/ — As of this month, the Metro Cash & Carry stores in Ondangwa and Oshakati have something extra going for them in addition to quality products and outstanding service – the two …

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Canadian Olympians Rematch in NC Surf to Sound Challenge, Nov 4-6

Author:  //  Category: Mortgage

An exciting rematch is shaping up this weekend, Nov. 4-6 for the 2016 North Carolina’s Surf to Sound Challenge. Race conditions are expected to be near perfect.

WRIGHTSVILLE BEACH, NORTH CAROLINA, USA, October 31, 2016 /EINPresswire.com/ — An exciting …

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Canadian Olympians Rematch in NC Surf to Sound Challenge, Nov 4-6

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