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Category: Mortgages

Back To Pre-crisis Days? Barclays Offers 100% Mortgages For Homebuyers

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Natwest And RBS To Stop Offering Ex-pat Mortgages

Natwest and the Royal Bank of Scotland will not provide home mortgages to ex-pats from 19 May, after examining demand, intricacy and cost.The decision includes applications from existing abroad customers wanting to demand extra loaning or a facility increase.A statement from the banks discussed they frequently take a look at the demand for products and […]

5 Ways Today’s Home Loans Vary From The Boom Years

Hero Images/Getty ImagesBye-bye, bad loans Millennials who saw their parents or grandparents struggle with poisonous home mortgages, short sales and repossession may be unwilling to buy a house and get a mortgage themselves. But in truth, mostthe majority of those bad old loans are gone and while real estate is never safe, todays conventional terms, […]

Wells Fargo To Pay $1.2 B For ‘Careless’ Mortgages

NEW YORK– San Francisco bank Wells Fargo Wednesday said it has agreed to fork over $1.2 billion to settle claims that it fraudulently certified loans in connection with a federal government insurance coverage program.In a 2012 lawsuit, the United States government charged Wells Fargo of sticking it with hundreds of millions of dollars in Federal […]

HUD Updates Maintenance Guidance For Forward, Reverse Home Loans

Late recently, the Federal Real estate Administration (FHA) released a series of upgraded, servicing-related guidance for Title II forward home loans in addition to Home Equity Conversion Mortgages.On Friday, FHA released Mortgagee Letter 16-02: Update of Conservation and Security Requirements and Expense Compensation for Title II Forward Mortgages and HECMs.The brand-new guidelines upgrade the property […]