MoneyNowUSA.com, an online loan service based in Scottsdale, Ariz., has announced the introduction of a subprime personal loan to help borrowers catch up on mortgage payments.The new product will allow borrowers to take out unsecured four-year loans for up to $15,000 at annual percentage rates ranging from 5% to 20%. "Flexible underwriting allows consumers with bad credit to get cash even if they are currently behind on their housing payments," MoneyNowUSA.com said. The company can be found on the Web at http://www.moneynowusa.com.
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A 10-state coalition is asking a federal court to put a halt to the OCC's rules which pre-empt laws on banks paying interest on mortgage escrow deposits.
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Southwest leaders cited Varun Krishna's technology and financial leadership as key factors behind his new appointment to its board of directors.
August 11 -
A record percentage of homeowners renewing their insurance policy saw their fee decrease, up from 7.4% last year, according to Matic's mid-year trends report.
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The new Stratmor study sizes up a part of the business that has become an acquisition target and examines what players who use third parties to service want.
August 11 -
The Mortgage Bankers Association says the three-day post-close period is redundant, but consumer groups called it vital for borrowers and required by law.
August 11 -
Homeowners won't trade in their cheap mortgages so lenders keep finding other ways to reach that equity. Bond buyers keep showing up.
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