Another undeserved attack on an African American institution
“We gotta be sure minority banks stay in the high-risk, buy information pills link low-income areas.” Photo by Dan Drew … The issuance of a large number of subprime mortgage loans helped to facilitate the collapse of the banking system between December 2007 and September 2010 …
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Mortgage rates zig while bonds zag: Implications for homebuilders
Many originators are now beginning to originate stated-income loans—not to be confused with liar loans of the sub-prime days. These loans will have a higher interest rate than a generic Fannie Mae 30-year loan. That could explain why mortgage rates …
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Poor cut off from banks as U.S. lags most of G-7
She needed to establish a financial history to qualify for a loan to start a catering business, so Austin Tobin opened accounts this year under a "Fresh Start" banking program that aims to help those who had mismanaged finances. Her savings, while …
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NWA housing market faces reduction in ownership rates, cialis 40mg first-time buyers
The prime example Sexton shared is that of former Fed Chairman Ben Bernanke who recently sought to refinance his own home and was declined because of unstable income, since leaving his job. Sexton said it doesn't matter that he's got assets to cover …
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US student debt burden falling more on top earners, easing bubble fears
Without doubt, many families struggle to pay the rising costs of college, and high levels of unemployment have only added to the distress. Delinquency rates on student loans remain well above historically average levels. … By last year, the top fifth …
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Charter Financial Announces Fiscal 2014 Earnings of .0 Million
The slight increase in net income and earnings per share for the quarter ended September 30, 2014, was primarily the result of reduced provision for loan losses due to improved credit quality and higher noninterest income, partially offset by lower …
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5 tips to tackle student loan debt
If you don't qualify, discount you may request a forbearance, approved which can generally buy you up to 12 months without making payments. However, buy you'll continue to pile up interest on your balance, even with subsidized loans. Estimate how … graduated repayment …
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Institutions Bank On Peer-to-Peer Lending, but for How Long?
Launched in November 2013, the Ranger Specialty Income Fund invests mainly in consumer and small-business loans through Lending Club and Prosper, the two largest peer-to-peer lending platforms. The marketplace still isn't … No matter who the …
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Hunt Mortgage Group Hires Fortunat Semadeni as Director and Chief FHA MAP …
New York—Hunt Mortgage Group, visit this a commercial real estate lender, announced today that Fortunat (Forty) Semadeni has joined the firm as director and chief FHA MAP underwriter to help expand the firm's FHA lending platform. He will be based in Dallas, …
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FHA is set to return to anti-house-flipping restrictions
Since then, according to FHA estimates, about 102,000 homes have been renovated and resold using the waiver. The reason for the upcoming termination: The program has done its job, stimulated billions of dollars of investments, stabilized prices and …
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