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Loan underwriters make 'absurd' demands in effort to verify data
Did you hear about the loan underwriter who demanded a letter from the borrower's doctor stating the borrower had been healed and his illness would not come back? How about the underwriter who wanted a verification of employment from the borrower who...Tags: U.S. Department of Veterans Affairs, U.S. Postal Service, Federal Housing Administration, Freddie Mac, Christianity
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Latest Michigan news, sports, business and entertainment:
Jury convicts Lansing man in toddler's death LANSING, Mich. (AP) — The ex-boyfriend of a Lansing woman has been convicted in the slaying and torture of her 2-year-old son. The Lansing State Journal reports that an Ingham County Circuit Court...Tags: Politics, Medicare, Motorvehicle Accidents, Consumers Energy Company, Judges
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Ex-president of mortgage processor DocX sentenced to up to 20 years in prison in Michigan case
GRAND RAPIDS, Mich. (AP) — The former president of a mortgage document processing company has been sentenced to up to 20 years in prison on a racketeering charge in a Michigan case. Lorraine Brown pleaded guilty in February. The attorney general'...Tags: Prisons, Judges, Financial and Business Services, Trials, Punishment
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TransUnion: Credit quality of mortgage borrowers nationwide has improved
Widely reported mortgage delinquency rates are being weighed down by older mortgages and loans long past due, and more recent mortgages are performing at pre-housing-bubble norms, according to an analysis of national lending data by TransUnion....Tags: Chicago Mortgages, Federal Reserve, Banking, Loans
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BofA cuts 2 million customers loose
It's long been a basic tenet of the business world: You give us more business, we'll reward your loyalty with better deals. That's how cable companies operate with their service packages. That's how phone companies work. And until now, that's pretty...
Tags: Countrywide Financial Corp., Marketing, Finance, Economy, Business and Finance, Satellite and Cable Service
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PRESS DIGEST-Canada-May 14
ReutersMay 14 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. THE GLOBE AND MAIL * More than seven years after the Queen of the North ferry...Tags: Politics, Energy, Rogers Communications Inc., Elections, Finance
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Ally, ResCap creditors race to finalize settlement
ReutersMay 14 (Reuters) - Ally Financial Inc must sign a deal to resolve claims that it owes billions of dollars to creditors of its Residential Capital LLC unit by 11 a.m. EDT Tuesday (1500 GMT) to avoid the publication of a potentially damaging report into its...Tags: Financially Distressed Companies, Finance, Economy, Business and Finance, Bankruptcy, Bonds
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Deeds for May 12, 2013
BOYLE Deeds filed recently in the office of Boyle County Clerk Trille Bottom include: Mabel Anderson to Roger and Sharon E. Anderson, three parcels on Stewarts Lane, Junction City, $98,400. Lucien G. and Joyce H. Strevels to Vicki Adkins, John G....Tags: Sports, Marketing, Bowling, College of William and Mary, Financial and Business Services
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FHA financing attracts larger pool of buyers
Q: I own a condominium in an eight-unit building. I am preparing my unit for sale and my Realtor says that our association should get the building FHA approved so that prospective buyers who plan to use FHA-backed mortgages can be viable prospects. Can...Tags: Services and Shopping, Federal Housing Administration, Real Estate Buyers, Real Estate, Condos
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Redfin's valuation tool puts homeowners in driver's seat
For the past six years, the question "what's my home worth" caused homeowners to wince. With some optimism now in the real estate market and more transactions occurring than have in years, Redfin thinks homeowners and potential homebuyers are ready to...Tags: Real Estate Transactions, Real Estate Buyers, Chicago Mortgages, Finance, Real Estate Sellers
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Many Americans have misconceptions about credit scores
Tribune reporterNearly everyone knows that timely loan payments help raise your credit score, but a large number of Americans know little else about how creditworthiness is determined, a new survey shows. About two-fifths wrongly believe that personal characteristics...Tags: Consumers
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How useful (and free) are those free credit scores?
Reuters(The author is a Reuters contributor. The opinions expressed are his own.) By Mitch Lipka May 13 (Reuters) - Credit scores were long something that lenders got to see and consumers only found out about later. Now, pretty much anyone can take a look at...Tags: Consumers, Finance, Economy, Business and Finance, Tower Group Incorporated, Money and Monetary Policy
May 3, 2013
|Story| Los Angeles Times
May 4, 2013
|Story| AP Michigan
May 3, 2013
|Story| AP Michigan
May 13, 2013
|Story| Chicago Tribune
May 14, 2013
|Column| Los Angeles Times
May 14, 2013
|Story| Reuters
May 14, 2013
|Story| Reuters
May 13, 2013
|Story| AM News
May 10, 2013
|Column| Chicago Tribune
May 10, 2013
|Column| Chicago Tribune
May 13, 2013
|Story| Chicago Tribune
May 13, 2013
|Story| Reuters
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