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Americans' mortgage modification options
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Dear Dr. Don, We are in the seventh year of a 30-year mortgage. We pay interest only for the first 10 years. We are sweating because the house is worth around $550,000, but we owe $480,000 on the first mortgage and $80,000 on the second. So the total owed is $10,000 above the actual value.
 
Network Capital Funding Named to Inc Magazine's List for Four Consecutive Years
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Network Capital Funding, a mortgage and home loan provider headquartered in Irvine, California, was named to the Inc. Magazine annual list of the fastest growing U.S.-based companies. The honor marked ...
 
Advantage Systems Celebrates Long-Term Client Relationships that Span 15 or more Years
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Advantage Systems, a provider of accounting and financial management tools for the mortgage industry for more than 20 years, today announced it is celebrating the following client
 
£50,000 mortgage that cost £250,000: ombudsman warns of rise in equity release complaints
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As figures show equity release booming, the Financial Ombudsman warns about a rise in complaints, publishing details of cases
 
PrimeLending Inducted into Mortgage Bankers Association's Hall of Honor Program
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DALLAS, Oct. 21, 2014 /PRNewswire/ -- National residential mortgage lender PrimeLending, a PlainsCapital Company and subsidiary of Hilltop Holdings Inc. (HTH), announced today that it was inducted into the Mortgage Bankers Association's Hall of Honor program. The Hall of Honor program was created to acknowledge MBA member companies with programs that serve our nation's veterans and military in ...
 
Top mortgage firm accused of abuses
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One of the nation's largest servicers of home loans may have denied struggling borrowers the chance to fix loan problems and avoid foreclosures, New York's financial regulator has alleged. An investigation ...
 
U.S. Regulators Agree to Go Easier on Mortgage-Lending Rules
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WASHINGTON—A push to tighten mortgage-lending standards in the wake of the housing bust has given way to making credit more accessible as Washington frets about the strength of the housing recovery. On Tuesday, federal regulators took a big step toward easing postcrisis lending rules, agreeing to drop a proposed requirement that borrowers make a 20% down payment in order to get a high-quality ...
 
The £100,000 mortgage that cost £250,000 - equity release complaints rise
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As figures show equity release booming, the Financial Ombudsman warns about a rise in complaints, publishing details of cases
 
SunTrust Mortgage Inducted into Mortgage Bankers Association Hall of Honor Program
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ATLANTA, Oct. 22, 2014 /PRNewswire/ -- SunTrust Mortgage, Inc., a division of SunTrust Banks, Inc. (STI) has been inducted into the Mortgage Bankers Association's (MBA) Hall of Honor program for its commitment to U.S. "At SunTrust we are proud to provide our military heroes and military personnel and their families with the financial services and assistance to help them achieve their goals and ...
 
Mortgage Broker Sentenced for Masterminding Multimillion Dollar Loan Fraud
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SAN DIEGO – Donald V. Totten – who had previously operated a lucrative mortgage business from his Rancho Santa Fe home – was sentenced today to 30 months in prison by U.S. District Judge Michael M. Anello for orchestrating a host of fraud schemes.