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Aug 07, 2007

Wolters Kluwer releases new Texas disclosureMortgagePress.comTexas mortgage fraud penalties In response to a law passed by the Texas Legislature in May, outlining criminal penalties for committing mortgage fraud and establishing an enforcement task force, Wolters Kluwer Financial Services has made a new consumer disclosure available to Texas mortgage lenders. The disclosure explains the consequences of a conviction for mortgage fraud in the state, which includes a maximum penalty of 99 years in prison and a $10,000 fine. Minneapolis-based Wolters Kluwer Financial Services is a provider of compliance, content and technology solutions and services designed to help financial organizations manage risk and improve efficiency. For more information, call (800) 397-2341 or visit www.wolterskluwerfs.com.

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Aug 07, 2007

Analysis and Data

One-Third Of Homeowners Expect To Refinance Despite Elevated Mortgage Rates

Many prospective refinancers carry mortgage rates above 5%, suggesting demand could accelerate if borrowing costs decline

One-third of homeowners say they are either currently refinancing or likely to refinance within the next two years, despite mortgage rates remaining well above pandemic-era lows, according to new survey data released by Refi.com.The findings challenge a common industry narra...

C-Suite Strategies

Two Harbors Reaffirms August Closing Timeline For CrossCountry Deal

MSR-focused REIT says it will continue regular dividends through closing as the proposed sale advances following UWM's decision not to submit a revised bid

Two Harbors Investment Corp. used its latest dividend announcement to reaffirm expectations that its pending sale to CrossCountry Mortgage remains on track for an August closing.The mortgage servicing rights (MSR)-focused real estate investment trust said it plans to continu...