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mortgage rules prove too strict for some retireesit’s a mortgage problem that is likely to intensify as home-owning baby boomers by the millions shift into retirement: although they may have significant financial assets tucked away in retirement accounts, their diminished monthly incomes may not be sufficient to meet some lenders’ hyper-strict underwriting rules. read full article >>uk mortgage lending falls to 12-month lowgross mortgage lending in the uk slumped in april to a 12-month low after incentives for first-time buyers were withdrawn on march 24th.mortgage lenders face risk and additional cost of doing businesskroll factual data, inc. , a leading provider of independent verification services to mortgage lenders, banks, credit unions and property management firms, announced today that more than 14 percent of the loan files processed by kroll factual data in 2011, and in the first quarter of 2012, contained certain applicant-provided information that suggested the possibility of fraudulent activity.david e. tucker named president of phh mortgagephh corporation today announced that david e. tucker has been appointed president of phh mortgage corporation , the company’s mortgage origination and servicing subsidiary. |
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