Melville-Based Mortgage Lender to Pay $1.25M in Civil Fraud Settlement

Melville-Based Mortgage Lender to Pay $1.25M in Civil Fraud Settlement

If it was discovered that Franklin First's mortgages defaulted within the first two years at a rate 100 percent or higher than other lenders in the region,
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Inked: Recent LI real estate deals

Precision Enterprise leased 3,200 square feet of industrial space at 91 Knickerbocker Ave. in Bohemia. Michael Zere of Zere Real Estate Services
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Q&A: Reverse Mortgage Funding's Rise from Startup to Industry Leader

In the short time since then, RMF has grown from startup to one of the largest reverse mortgage lenders in the country. How has this experience and
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Investors see slip in 2016 real estate returns

Canadian real estate delivered uncharacteristic although not entirely … and real estate cycle, global market trends and institutional investors' strategic
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With $1 trillion of Australian mortgages, the RBA might be getting worried

The Reserve Bank of Australia frequently seeks feedback on the health of the economy. It might want to call the debt counsellors soon. Homeowners
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Navy Federal Credit Union, Freddie Mac target investors with 5/5 ARM

Navy Federal Credit Union announced Tuesday that it is partnering with Freddie Mac to offer a 5/5 adjustable-rate mortgage to large institutional
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No loan advice for over-60s: Banks refusing to meet customers to discuss mortgages if they are 'too …

A report by the Financial Ombudsman Service says some banks are automatically refusing home loans to customers in their 60s and 70s, even if they
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Federal program offers $50K to Rockford-area homeowners with underwater mortgages

ROCKFORD — Rockford-area homeowners who owe more on their mortgage than their home is worth may be eligible to receive up to $50,000 in
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Wells Fargo & Company Downgrades Capstead Mortgage Corporation (CMO) to Market Perform

Capstead Mortgage Corporation logo Capstead Mortgage Corporation (NYSE:CMO) was downgraded by equities research analysts at Wells Fargo
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BHBFC considers raising lending ceiling

The Bangladesh House Building Finance Corporation (BHBFC) is considering some initiatives including enhancement of its lending ceiling in order to
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Can credit unions keep mortgage momentum going in 2017?

Between rising interest rates and waiting to see how the new administration continues to shape up, credit union mortgage professionals could be
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