Online mortgage broker E-Loan, Palo Alto, Calif., has been selected by Bank Rate Monitor to provide additional mortgage qualification services to its website.The co-branded mortgage center will offer consumers access to a larger number of national and regional lenders, E-Loan said. By linking to the center from Bank Rate Monitor's home page (http://www.bankrate.com), consumers can access E-Loan's personalized features to help them decide on the best mortgage financing option and then complete the entire loan transaction online, E-Loan said. E-Loan's website address is http://www.eloan.com.
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National Mortgage News spoke with Shant Banosian of Rate, Mark Cohen of Cohen Financial and Amanda Sessa of SWBC on how they stand out in their markets.
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The partnership was designed to support the growth of Redwood's Sequoia platform and give Castlelake purchasing power for fully documented loans.
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Home affordability declined on a monthly basis across loan types and racial demographics, but improved from a year ago, the Mortgage Bankers Association said.
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A federal judge harshly criticized the settlement of a civil suit between the Department of Justice and a Texas land developer.
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The latest study from LodeStar found the ratio of average closing cost to home sales price in several states, led by Delaware, well above the national average.
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The benchmark 10-year Treasury yield topped 4.4% on April 29 — its highest level since late March — as investor anxiety mounted.
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