Mortgage | refinancing

Old Republic International said in a recent regulatory filing that Republic Financial Indemnity Group will contain a credit indemnity insurer, three mortgage insurers and four related services entities.Al Zucaro, Old Republic’s chairman and chief executive officer, told analysts he expects the spinoff of the new company to be completed in July.A private mortgage insurer sells to residential    .. more …

Federal Reserve Chairman Ben Bernanke said on Thursday the U.S. banking system has made substantial progress toward becoming healthier since the financial crisis but noted there still were problem lending areas.”Conditions in the banking system ” and the financial sector more broadly ” have improved significantly in the past few years,” he told a banking conference in Chicago.Speaking by    .. more …

If you don’t have a job and you find it necessary to move to a new city, finding a place to live can be difficult. Renting an apartment or house can be hard, but it can be done, especially if you have several months’ worth of rent saved up and you can pay up front. Buying a house, though, will prove to be much more difficult, if it’s possible at all. Professional moving company recommend that you    .. more …

MT. LAUREL, N.J.–(BUSINESS WIRE)– PHH Mortgage Corporation (“PHH Mortgage”), a subsidiary of PHH Corporation (NYSE: PHH – News ) (the ” Company “), today announced it has entered into a strategic relationship to provide private label end-to-end mortgage origination services and loan servicing to HSBC Bank USA , N.A. (“HSBC”). Under the terms of the agreements, PHH Mortgage will provide HSBC    .. more …

By Vicki Johnson The real estate industry is abuzz with news of record-low mortgage rates for homebuyers; but not surprisingly, there’s a catch when it comes to getting approved for a mortgage in today’s market. According to a recent report in the Wall Street Journal , conditions have grown tighter in recent months, with banks and mortgage lenders approving borrowers with credit scores around    .. more …

SAN DIEGO–(BUSINESS WIRE)– DataQuick , a provider of advanced real estate information solutions powered by data, analytics and decisioning, has recently added two new web APIs to its suite of Flood Risk Analysis tools. Flood IQ and FloodScape reports provide users with quick flood insurance risk data and a seamless interface for the automated delivery of data and maps. Since most homeowners’    .. more …

Home owners are increasingly being trapped with their lender as rules are tightened and new restrictions imposed.Thousands more home owners became “mortgage prisoners” last week, as lenders hiked rates, axed interest-only deals and imposed new restrictions on those hoping to keep their low-cost deals when moving home.A combination of tighter lending rules and falling house prices and now new    .. more …

The misfortunes that brought schoolteachers Devin and Sarah Stang and their four young children to bankruptcy ” and the loss of their house and a car in the process ” were their own unique story. They bought the house at just the wrong time. There were heavy medical expenses when, at five months pregnant, she delivered stillborn twins. And their money woes go back further: When Sarah’s college    .. more …

BETHESDA, Md., May 4, 2012 /PRNewswire/ –American Capital Mortgage Investment Corp. (“MTGE” or the “Company”) (MTGE) today reported net income for the three months ended March31, 2012 of $21.3 million, or $1.82 per share, and net book value of $21.78 per share.FIRST QUARTER 2012 FINANCIAL HIGHLIGHTS$1.82 per share of net income Includes all unrealized gains and losses on investment and hedging    .. more …

(MoneyWatch) Mortgage interest rates have hit record lows. That’s according to the most recent Freddie Mac survey of conforming mortgage rates released this week. Rates on the 30-year fixed-rate mortgage averaged 3.84%, down from 3.88% last week and 4.71% a year ago. Fifteen-year fixed-rate mortgages averaged 3.07%, down from 3.89% a year ago and rates on 5-year Treasury-indexed adjustable-rate    .. more …