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Nonbank mortgage lending soars

Nonbank mortgage lending rose to 37.5 percent of the market during 2014, up from 14 percent in 2011. Who are the players?

Mortgage Rates Move Down Again

Freddie Mac today released the results of its Primary Mortgage Market Survey® , showing average fixed mortgage rates moving down again across the board. Average fixed rates that continue to run below four …

Ocwen rejects allegations of poor mortgage servicing practices

Ocwen Financial Corp rejected allegations of poor mortgage servicing practices and said on Monday that it had sent a letter to trustees of 119 mortgage pools, arguing that it should not be removed as a servicer. Investors including BlackRock Inc and Metlife Inc sent a notice to Ocwen and the trustees in January, alleging improper loan modification practices, wrongfully recouped advances, and a …

Home Buying 101: How to Get a Mortgage

Most homes are bought with mortgage loans, which let you buy property and come with tax-deductible interest. If you’re in the market for a new home, especially if you’re a first-time homebuyer, take some time to learn the ins and outs of mortgage financing so you know what to expect. You’ll also need documentation of liquid assets, cash in the bank, as well as credit history and current income.

mortgage loans down 3%

mortgage loans drawn down in January decreased 2.7% month-on-month to $21.3 billion, the Monetary Authority announced today. mortgage loans approved increased 21.4% to $30.3 billion. Among these, mortgage loans for primary market transactions rose 43.7% to $7.9 billion, and those for secondary market transactions increased 18.1% to $17.8 billion. mortgage loans for refinancing rose 4.6% to $4.6 …