A new service offered by HSBC Credit Center Inc. enables homebuyers in Texas and California to complete the entire mortgage application and approval process, including all documentation, in Spanish.HSBC Credit Center, an indirect subsidiary of Prospect Heights, Ill.-based HSBC North America Holdings Inc., operates 16 full-service branches staffed by certified bilingual employees, the company said. The loan choices offered include traditional fixed- and adjustable-rate first-lien mortgages and 40-year mortgages. The company can be found on the Web at http://www.hsbccreditcenter.com.
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Feds say Chicago businessman Mark Steven Diamond defrauded at least 80 victims and caused at least $6 million in losses.
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Fannie Mae's tool, used by originators to determine income levels for self-employed borrowers, aims to help them avoid potential underwriting errors, the government-sponsored enterprise said.
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The 30-year fixed rate mortgage fell for the first time in six weeks as the Federal Open Market Committee meeting outcome is finally priced in.
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