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Dec 07, 2004

Franklin Mortgage Funding completes IPO and name changemortgagepress.comFMF Capital, new name FMF Capital Group Ltd. has announced that its operating subsidiary, Southfield, Mich.-based FMF Capital LLC, is nearing completion of its regulatory and licensing process and will begin operations under its new name in June 2005. Based in Southfield, Mich., FMF Capital is a wholesale non-prime residential mortgage lender. For more information, call (248) 799-4000 or visit www.fmfcapital.com.

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Dec 07, 2004

Analysis and Data

Half Of All Loan Applicants Denied Since 2022 Rate Hikes

Bankrate survey finds 50% of Americans who’ve applied for a loan or financial product since March 2022 have been denied.

Half of Americans who’ve applied for a loan or financial product have been denied since the Federal Reserve started raising its key benchmark rate in March 2022, and 17% have been denied more than one loan, according to a new Bankrate survey. Credit lines are the main cul...

Analysis and Data

High Mortgage Rates, Payments Make For Slow Spring Market

Redfin report indicates monthly payment at all-time high of $2,894

Borrowers are paying more for their mortgages than ever before, and this spring's homebuying market is anything but normal. The median monthly housing payment hit an all-time high of $2,894 during the four weeks ending May 5, a new report from Redfin revealed. That’s 14% ...