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bank mortgage FAQ
how long does it take to get an answer from a bank on obtaining a mortgage?
Jun 23, 2009 by pmg0315 | Posted in Renting & Real Estate
Bank mortgage, how long does it take to see if you are approved?
It used to be same-day underwriting, meaning once you submitted your application to the bank, they'd have an answer that afternoon. But then banks and lenders got flooded with applications, and more stringent guidelines were put in place, so turn times
Todd S | Jun 25, 2009
For final approval, usually about 48 hours before closing - banks and underwriters love to torture people.
Steve D | Jun 23, 2009
What's the difference between a mortgage bank and a regular bank?
Jan 11, 2009 by Chipee | Posted in Economics
Also, what exactly does a mortgage bank do?
yes, they give yiu morgage loans.
Chase R | Jan 14, 2009
A mortgage bank only makes money off of selling mortgages, where as a normal bank makes money off of investing your deposits.
Five questions today and a bunch a couple of days ago, I get the feeling someone's in an economics class ;)
snoopyfanattic | Jan 11, 2009
I have a question about Indy Mac Bank mortgage company, can you help here?
Aug 20, 2008 by ♥CeCe♥ | Posted in Renting & Real Estate
My grandma is 79 years old and she was in the process of getting her mortgage payment lowered because she pays $3,000 a month on a variable rate. This was 3 months ago. Now since Indy Mac Bank has gone under, can anyone predict what will happen?
If she was still in the process of the loan application, they will not fund the loan. If the loan funded prior to Fed's taking over, she will receive a notice on who will be taking over the mortgage. She will owe the money to some company, it doesn't
mortgage underwriter | Aug 20, 2008
bank mortgage news
Bonds Backed by Mortgages Regain Allure
23.02.12
Some Wall Street investors made money as the mortgage market boomed; others profited when it fell apart.
Having reaped big gains during both of those turns, Greg Lippmann, a former star trader at Deutsche Bank, is now catching the next upswing: buying the same securities built from mortgages that he bet against before the financial crisis erupted.
Source: New York Times
Bank Mortgage Probes Will Proceed, New York and Delaware Say
23.02.12
(Updates with excerpt from interview in 10th paragraph.)
Feb. 16 (Bloomberg) -- State and federal officials will aggressively investigate misconduct in the bundling of mortgages into securities following a settlement with banks over foreclosure abuses, the New York and Delaware attorneys general said.
Source: BusinessWeek
bank mortgage about
Joe Conway Joins Union Bank as Consumer Lending Group Expands In Oregon
San Francisco Chronicle (press release) - Apr 28, 2011
Union Bank, NA today announced that Joe Conway has joined the bank's Consumer Lending group as a mortgage consultant based in Portland, Oregon, in a newly created position. Conway is responsible for assisting the bank's clients with their personal
Bank of America in own league on mortgage woes
Bizjournals.com (blog) - Apr 27, 2011
Bank of America shareholders voting this month on whether to support an independent audit of their bank's mortgage operations, may want to be careful what they seek. The closer one examines the mortgage woes of California's largest bank, the uglier it
BoI to limit variable-rate mortgages
Jerusalem Post - Apr 28, 2011
"The overall effect is that it's going to increase mortgage rates" CEO of Mortgage Israel says. The Bank of Israel on Wednesday announced new measures to limit variable- rate housing loans, ending several days of speculation about an
Israel stocks steady; mortgage-rate limit proposed
MarketWatch - Apr 27, 2011
Shares of Mizrahi Tefahot Bank Ltd. (PINK:UMZRF) rose 0.3%, however. The Bank of Israel on Wednesday announced a plan to try to reduce risk in the housing market in Israel. Under the proposal, a bank that issues a mortgage partly at a variable rate