A jumbo loan is a mortgage that lets you finance a home purchase that surpasses the limits of a conventional loan, as set by the Federal Housing Finance Agency. For 2022, the conventional loan limit for a mortgage is $647,200 in most counties across the US. If you’re taking on […]
Mortgage
China cuts mortgage lending rate by record as lockdowns hit economy
China has cut its main mortgage interest rate by the most on record as it seeks to reduce the economic impact of Covid-19 lockdowns and a property sector slowdown. The five-year loan prime rate was lowered from 4.6 per cent to 4.45 per cent on Friday. The reduction in the […]
What Is a Mortgage Loan Officer? | Mortgages and Advice
Getting a mortgage is no simple task. Whether you’re buying or refinancing a home, the mortgage lending process involves navigating a path lined with paperwork and rules, and it can be confusing. Enter mortgage loan officers. A mortgage loan officer is a professional whose sole purpose is helping consumers in […]
Is a mortgage top-up or a personal loan best option for home improvement finance?
We are looking to do some work on our house (approx. €30k) and trying to figure out the best way to finance it. We have equity in our home: our mortgage has €380,000 outstanding with 30 years left on a house valued at €650,000. This is our forever home so […]
Option One Mortgage Loan Trust 2007-FXD2 — Moody’s upgrades 148 US structured finance securities and one class of US securities guaranteed by Assured Guaranty
Rating Action: Moody’s upgrades 148 US structured finance securities and one class of US securities guaranteed by Assured GuarantyGlobal Credit Research – 21 Mar 2022New York, March 21, 2022 — Moody’s Investors Service has upgraded the ratings of 148 classes of US structured finance securities wrapped by Assured Guaranty Municipal […]
Former Real Estate Attorney and Wife Plead Guilty to Mortgage Fraud and Tax Charges | USAO-MA
BOSTON – A former Massachusetts attorney and his wife pleaded guilty today in federal court in Boston in connection with various mortgage fraud schemes. Barry Wayne Plunkett Jr., 61, and Nancy Plunkett, 56, both of Hyannis Port, pleaded guilty to five counts of bank fraud and one count of aggravated […]
KBC Bank Ireland closes sale of substantially all of its remaining non-performing mortgage loan portfolio
Press Release Outside trading hours – Regulated information* Brussels, Dublin, 7 February 2022 – 8 a.m. CET (before stock exchange hours) KBC Bank Ireland closes sale of substantially all of its remaining non-performing mortgage loan portfolio KBC Group and KBC Bank Ireland finalised the deal announced on 30 August 2021 […]
Mortgage Surprise: Jumbo Loans Suddenly Cheaper Than Conforming Loans
In the latest quirk of the pandemic mortgage market, rates for jumbo loans are holding below those for conforming loans. The average rate on a 30-year jumbo loan was 3.65 percent in Bankrate’s latest national survey, compared to the 3.76 percent average for conforming mortgages. Jumbo loans rarely offer a […]
Freddie Mac Whole Loan Securities Trust, Series 2017-SC02 — Moody’s upgrades seven bonds from four RMBS transactions issued by Agate Bay Mortgage Trust and Freddie Mac Whole Loan Securities Trust between 2015 and 2017
Rating Action: Moody’s upgrades seven bonds from four RMBS transactions issued by Agate Bay Mortgage Trust and Freddie Mac Whole Loan Securities Trust between 2015 and 2017Global Credit Research – 04 Jan 2022New York, January 04, 2022 — Moody’s Investors Service (“Moody’s”) has upgraded the ratings of seven classes from […]