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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7 surprising perks of VA loans
The Interest Rate Reduction Refinance Loan is for borrowers with a history of on-time payments. The application process doesn't require a home inspection, diagnosis appraisal, credit check or income verification. The program's purpose is to reduce monthly …
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Tipping the Scales on Income-Based Repayment Eligibility
A new job, clinic a marriage, recipe a newborn baby, a big promotion – all these major life events can have a massive effect on borrowers' daily lives, salaries and – if they are enrolled in an income-based repayment plan – their student loan payments. This time of …
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Lowering down-payment minimum to 3% would help millions buy homes
But not all things are equal. To offset the risk of making a low-down-payment loan, lenders could limit loan sizes so that borrowers devote a smaller percentage of their income to debt service. Lenders could also require borrowers to have a higher …
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Drought, stuff insects on citrus industry's mind
How can we get help from the state and federal officials, salve ” Smith said, recounting some of the topics he'd heard discussed by people attending the banquet at the Visalia Convention Center put on by Citrus Mutual, the Exeter-based trade association …
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Judge orders release of Portland immigrant activist
Aguirre, who is from El Salvador, was arrested Thursday at the Clackamas County federal courthouse. He was there to settle a recent driving under the influence charge, to which he pleaded guilty and accepted a diversion program. Aguirre has lived in …
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Medical marijuana program on track for summer launch, officials say
Under federal law, marijuana is a Schedule I controlled substance. In the eyes of Uncle Sam, it's as bad as LSD and heroin and has no currently accepted medical use. That means at any point, federal agents could swoop in and shut down a state-approved …
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How you can get an FHA loan
Before the financial crisis, case FHA loans were for borrowers with bad credit. And we mean bad credit. Applicants with FICO credit scores below 640 scooped up more than half of all FHA-backed mortgages, check while those with credit scores below 580 received …
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Fannie Mae Chief Details Plan to Ease Mortgage Rules
As part of a wider effort to increase the flow of housing credit, here Mr. Watt said last month that he wanted Fannie and Freddie to back loans with down payments as low as 3 percent of the value of the home. He called that effort a “much needed piece to …
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Ormat Technologies' (ORA) CEO Isaac Angel on Q3 2014 Results – Earnings …
In Mammoth, order California we are currently assessing a refurbishment program in which we will replace all the units with new equipment manufactured by Ormat. We expect to complete the refurbishment within 2015. In addition … GDC, which is wholly owned …
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Higher education seeks 10 percent increase in Oklahoma funding
The new money is budgeted in four areas, with the majority — $ 88.3 million — requested for the Complete College America initiative launched by Gov. Mary Fallin three years ago. The goal is to increase the number of career credentials and college …
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Annaly Capital: Stay The Course (NLY)
It should be noted that the average yield on interest earning assets decreased for compared to Q2 as a result of higher amortization expense driven by faster prepayment speeds experienced quarter over quarter due to loan seasonality. However …
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Lincoln Park Bancorp Announces Earnings For The Quarter Ended September …
7, buy 2014 /PRNewswire/ — Lincoln Park Bancorp (OTC Bulletin Board: LPBC) (the "Company"), diagnosis the holding company of Lincoln Park Savings Bank, announced net income of $ 218,000, or $ .13 per share, for the quarter ended September 30, 2014, compared to net …
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The Relationship Between Interest Rates, Inflation, and the Economy
Commercial loans, for example, are typically priced to the prime rate with a modest margin. Before the Fed began taking action, the prime rate was 8.25%, meaning many loans had starting … The NASDAQ has nearly doubled as well. Multifamily …
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Homeowners should know, buy some private mortgage insurance charges can be …
If you don't know when your loan will reach that magic 80 percent loan-to-value ratio, remedy ask your lender, adiposity review your mortgage and escrow paperwork, or run your loan numbers through an online amortization calculator. Bankrate.com has a good, free …
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5 things homebuyers should do right now
A mortgage calculator can make the math easy — here's a home affordability calculator that will help you crunch the numbers. It will help you understand what you can get based on your down payment, income and debts. Remember it's not just about what …
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