U.S. Bank Home Mortgage, Minneapolis, has announced a program aimed at providing mortgage education and tailored mortgage services to military personnel, especially those moving their families while on active duty.The U.S. Bank HomeFront Mortgage program will focus on the distinct needs of the more than 300,000 service members who have a permanent change of station and need help in buying a new home, the company said. "Through HomeFront Mortgage, we will act as a liaison, as a financial mentor, and as a friend," said Dan Arrigoni, president of U.S. Bank Home Mortgage. The company is a unit of U.S. Bancorp, which can be found on the Web at http://www.usbank.com.
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President Donald Trump's recently filed lawsuit against megabank JPMorganChase and its CEO Jamie Dimon is not expected to succeed in court, legal experts say.
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Prepayment speeds approached recent highs last month, but distressed borrower data paints a mixed picture about the current housing market, according to ICE.
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United Wholesale Mortgage, which was sued twice in December for alleged violations, put the blame for some text messages on an independent mortgage broker.
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On Jan. 26, use of the new Uniform Residential Appraisal Report shifts from limited production to the optional phase, giving lenders 10 months to get ready.
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Trump, during his return from Davos, signaled reluctance to allow 401(k) withdrawals for home down payments, but other tax-advantaged options remain on table.
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The moderate leverage reflects the quality of RMBS pools from recent issuance years. Borrowers have a non-zero WA annual income of $1 million, with liquid reserves of $594,348.
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