Citizens Home Loan announces new five-year option ARM

May 09, 2007

IndyMac Bank introduces lot loan refinancingMortgagePress.comLot loan refinancing IndyMac Bank FSB has launched a lot loan refinance program that provides individuals who have an existing lot loan with rate and term refinance alternatives. "IndyMac's new lot loan refinance program is an indication of our determination to continually expand our product offerings and provide mortgage brokers and bankers with a diverse array of loan options that best fit their customers' needs," said Drew Buccino, executive vice president of IndyMac Bank's Home Construction Lending division. "Our primary goal is to make an originator's job as simple as possible and offer them the means to continue growing their loan volume and customer base." IndyMac Bank FSB is a savings and loan and independent mortgage lender based in Pasadena, Calif. For more information, call (800) 425-5626 or visit http://hcl.indymacbank.com.

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May 09, 2007

Analysis and Data

February Delinquency Rates Remain Historically Low

Most homeowners with a mortgage still able to make their payments on time in February, CoreLogic report shows.

CoreLogic’s latest Loan Performance Insights Report, released Thursday, shows the share of all U.S. mortgages in some stage of delinquency (30 days or more past due, including those in foreclosure) held at 2.8% in February, unchanged from January but a year-over-year decline...

Industry News

UWM, UMortgage Under Attack For Alleged Shell Scheme

A report released on April 25 by the hedge-funded media company alleges UWM set up a shell company, UMortgage.

Just weeks after allegations against United Wholesale Mortgage (UWM) were published in an exposé-style report and a class action lawsuit, Hunterbrook Media is once again putting the Michigan lender under the spotlight. On Thursday, the hedge-funded media company published...