Chase expands availability of stated-income equity lines and loans

Jan 07, 2007

Funding America expands product offeringsMortgagePress.com45/30,50/30,mortgage loans Funding America LLC has announced its "45 due in 30" and "50 due in 30" loan products are now available with adjustable-rate mortgages. The "45 due in 30" and "50 due in 30" loans amortize payments over a longer period than the term of the loan and conclude with a single balloon payment over 30 years. They were made available by Funding America with fixed-rate loans in August 2006. Houston-based Funding America LLC is a wholesale provider of sub-prime and alternative loan products for residential mortgage brokers. For more information, call (866) 782-0100 or visit www.famtg.com.

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Jan 07, 2007

Regulation and Compliance

Bank Mergers Face Additional Scrutiny By FDIC

FDIC considers small businesses and residential loan originations when evaluating a merger’s competitive effects.

Bank mergers are expected to face increased scrutiny after the Federal Deposit Insurance Corporation (FDIC) Board of Directors approved a Final Statement of Policy (Final SOP) to its Bank Merger Transaction guidelines, finalized on September 17. The board also voted 3-2 i...

Analysis and Data

NAR Reports August Sales Slump, Aligning With Broader Industry Data

August sales dip, but analysts eye year-end comeback with lower rates and rising supply

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