Mortgage
A mortgage is a loan that is used to purchase a home. The borrower agrees to make monthly payments to the lender, including principal and interest. The property that is being purchased serves as collateral for the loan. If the…
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Can we protect students from excessive debt burdens?
Most Americans are in debt struggling with massive student loan debt that is keeping them from living the American dream, including buying the car of their dreams, the home of their dreams and even starting that family they’ve always wanted….
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LSL Property acquires Direct Life Quote Holdings and Mortgage Gym Limited
LONDON: LSL Property Services has announced the acquisition of a 60% stake in Direct Life Quote Holdings Limited for £1.8 million, and the acquisition in full of the business and assets of Mortgage Gym Limited for £2.4 million, as part…
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AM Best updates net capital charges associated with Fannie-Freddie mortgage risk transfers
OLDWICK: As more of Fannie Mae and Freddie Mac’s mortgage risks continue to make their way to the reinsurance market, AM Best has published tables of net capital charges associated with a select group of transactions from these government-sponsored enterprises’…
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Persado’s AI-based language platform delivers triple-digit lift for mortgage firm Mr. Cooper
NEW YORK: Persado, the leading AI-platform that unlocks the value of the right words at every customer interaction, announced it has signed a long-term agreement with Mr. Cooper, the nation’s largest non-bank mortgage servicer, to help customers uncover more cost-effective…
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MVB Mortgage and Intercoastal Mortgage combine to become leading mortgage banking operations in Mid-Atlantic
FAIRMONT: MVB Mortgage and Intercoastal Mortgage have become one of the largest independently owned residential mortgage lending operations in the Mid-Atlantic Region: Intercoastal Mortgage, LLC (ICM). MVB Financial Corp. and its wholly-owned subsidiary MVB Bank announced that the Bank’s subsidiary…
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U.S. insurance companies’ exposures to commercial mortgage loans crossed $522bn
OLDWICK: According to insurance sector rating agency AM Best, the U.S. life/annuity (L/A) insurance companies continued to increase their exposures to commercial mortgage loans in 2019 and now hold more than $522 billion, up significantly from $382 billion in 2015….
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FCA confirms support for customers struggling to pay their mortgage due to coronavirus
LONDON: The Financial Conduct Authority (FCA) has confirmed the support firms should give to mortgage customers who are either coming to the end of a payment holiday or who are yet to request one. The FCA is also reminding customers…
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Credit ratings of operating subsidiaries of MGIC Investment Corporation affirmed
OLDWICK: AM Best has affirmed the financial strength rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” of certain operating subsidiaries of MGIC Investment Corporation, which are Mortgage Guaranty Insurance Corporation, MGIC Indemnity Corporation, MGIC Assurance Corporation…