Posts Tagged ‘Loan’

Battling Home Loan Challenges

Battling Home Loan Challenges
Getting a loan isn’t what it used to be. A couple of local lenders told Fox 9, they’re only able to help about one in every five clients. Qualifying for new government programs to modify or refinance is another difficult situation.

Read more on FOX 9 News Twin Cities

Home loan demand drops despite drop in rates

Home loan demand drops despite drop in rates
By Julie Haviv

Read more on Reuters via Yahoo! Singapore News

Member Advantage Mortgage Makes Easy Transition to New RESPA Regulations Using XetusOne Loan Origination System

Member Advantage Mortgage Makes Easy Transition to New RESPA Regulations Using XetusOne Loan Origination System
PALO ALTO, CA–(Marketwire – 02/02/10) – Member Advantage Mortgage ( www.memberadvantagemortgage.com ), based in Ada, Mich., with assets of $4 million, started the new year with a stress-free transition to the new RESPA regulations with the use of Palo Alto, CA-based Xetus’ ( www.xetus.com ) XetusOne Loan Origination System. “The transition …

Read more on Marketwire via Yahoo! Finance

Gov’t eases paperwork for loan help program

Gov’t eases paperwork for loan help program
Homeowners seeking relief under the Obama administration’s mortgage aid program will be required to provide proof of their incomes upfront, a significant reversal for the problem-plagued effort to stem the foreclosure crisis.

Read more on San Diego Union-Tribune

JPMorgan loan losses overshadow higher profit

JPMorgan loan losses overshadow higher profit
NEW YORK — JPMorgan Chase & Co reported deep losses on mortgage and credit card loans in the fourth quarter, dashing hopes that consumer credit is on the mend and sending the bank’s shares lower …

Read more on MalaysiaNews.net

Sallie Mae Posts $309 Million Profit, Loan Costs Fall (Update1)

Sallie Mae Posts $309 Million Profit, Loan Costs Fall (Update1)
Jan. 20 (Bloomberg) — SLM Corp. , the largest U.S. student loan company, reported net income of $309 million in the fourth quarter, its second straight three-month profit following four periods of losses.

Read more on Bloomberg

Home loan program aims to keep city workers living in Mountain View

Home loan program aims to keep city workers living in Mountain View
Buying homes in Mountain View could get easier for city employees, under a plan set to be reviewed tonight by the city council.

Read more on Contra Costa Times

Credit card may beat home equity loan

Read more on Bankrate.com via Yahoo! Finance

Treasury Dept. says loan modification picture is improved

Treasury Dept. says loan modification picture is improved
The Obama administration says pressure on lenders is paying off: The number of temporary modifications that have gone permanent has more than doubled in a month. After a month of intense pressure on banks and other mortgage servicers, the Obama administration on Friday reported improvement in its much-criticized program to reduce mortgage payments to stave off foreclosures.

Read more on Los Angeles Times

Where can I learn the mortgage loan process before starting work?

I’ve accepted a positon as a mortgage loan officer and it’s been several years since I’ve worked in this industry. I don’t want to walk in cluesless but I know things have changed such as required documents to receive a Good Faith Estimate. Thanks for your help and any tips on being successful are welcomed.