Vineyard Bank, Rancho Cucamonga, Calif., has launched a residential mortgage lending program, Vineyard MortgageLine, in conjunction with MoneyLine Lending Services, a provider of private-label outsourcing based in Irvine, Calif.Under the new program, Vineyard Bank customers can submit loan applications and track real-time loan status at any of the bank's branches by telephone or online. The bank's customers and frontline branch personnel will be assisted by MoneyLine's mortgage professionals throughout the process, the companies said. Vineyard Bank previously operated an in-house mortgage department and used the services of another outsourcing provider, the bank said. The companies can be found online at http://www.vineyardbank.com and http://www.moneylinelending.com.
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Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
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The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
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A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
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The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
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The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
July 2 -
The Bureau of Labor Statistics report showed the labor force continued to expand but at a weaker rate than in recent months. The development weakens the case for a near-term rate hike.
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