If you’re paying off a mortgage, you’re probably used to sending your loan officer a check every month or sending the payment automatically from your bank account. But now mortgage borrowers can have a new option to pay off their home loans – using cryptocurrency. United Wholesale Mortgage recently announced plans to accept Bitcoin...
Read MoreTen out of 17 people, who were accused of defrauding three Canara Bank branches in the city by taking loans worth ??85 lakh, mortgaging fake gold, were arrested on Sunday, police officials said. One person had gone to court while the search for the other six was ongoing. The fraud came to light when...
Read MoreAugust is the height of the second quarter earnings season. This year is particularly suspenseful as companies face the second quarter of 2020, where some of them received a huge pandemic boost, and others suffered a huge pandemic blow. Many companies have rebounded, beating 2019 numbers, and others have shown lackluster growth in the...
Read MoreIf you are a homeowner, paying off your mortgage every month is a priority. But what if your home is destroyed – if a hurricane, tornado, fire, or other disaster destroys the structure right down to the studs? Here, we’ll tell you what to expect and whether or not you should continue to pay...
Read MoreNEW YORK–(COMMERCIAL THREAD) – Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to 27 mortgage transfer certificate classes of New Residential Mortgage Loan Trust 2021-INV1 (NRMLT 2021-INV1), the sponsor’s first transaction fully secured by investment property and loans that were taken out under agency guidelines. The pool comprises 1,230 fixed rate first residential mortgages...
Read MoreImage by PublicDomainPictures from Pixabay August 9, 2021 – NEW YORK – The Center for Microeconomic Data at the Federal Reserve Bank of New York has released its quarterly report on household debt and credit. The report shows that total household debt increased by $ 313 billion (2.1%) to reach $ 14.96 trillion in...
Read MoreDuring the summer of 2021, the Federal Housing Administration (FHA) took action to make it easier for borrowers with student loans to qualify for FHA single-family mortgages. Whether you think this decision is right or wrong, it can have a profound impact on the number of student borrowers who qualify for an FHA home...
Read MoreNano Home Loans was born from the idea that mortgages could be done faster, easier and better. Launched in 2019 by financial experts Andrew Walker and Chris Lumby, the digital lender offers home loan approval times in minutes rather than weeks and offers some of the highest rates on the market. Mr Walker said...
Read MoreA slight drop in new home loans in June did nothing to suggest that house prices should not continue to rise. In June, for the first time in a year, the value of new home loans was lower than the previous month. The total value of new home loans fell by 1.6% and homeowner...
Read MoreAs the real estate boom continues to intensify in southern Maine, GenX Lending continues to be the go-to bridge lender for real estate developers looking for quick capital for timely, short-term transactions. “It’s crazy right now,” said Mark McClure, managing director of GenX Capital Partners, which is the parent company of GenX Lending. Earlier...
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