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The FHA reverse mortgage amount is capped differently in each county.
There are other reverse mortgage products that structure loans differently.
Mortgage guaranty insurance claims usually include losses for loan principal and past-due loan interest, and losses associated with the property's resale if sold for less than the original price, Davis said.
The handling of mortgage guaranty claims is unique, compared with other property/casualty businesses.
Allen refinanced the original $154,000 30-year, fixed-rate mortgage at 10.
Her credit scores were kind of low," says Harper, "so we offered her a mortgage credit program, which doesn't take her credit card history into account.
Institutions' expected dollar losses are determined primarily by the distribution of loan-to-value ratios within their mortgage portfolios: Higher ratios are associated with higher mortgage default probabilities and loss severity rates.
Who bears the credit risk for mortgage lending to lower-income borrowers, black or Hispanic borrowers, lower-income neighborhoods, and minority neighborhoods, and how is that risk distributed?
Appendix B: FASB Current Text, Mortgage Banking Activities/49
65, Accounting for Certain Mortgage Banking Activities, required separate capitalization of the cost of the rights to service mortgage loans for others when those rights were acquired through a purchase transaction but prohibited separate capitalization when those rights were acquired through loan origination activities.
CRM has a long history as a mortgage provider in South Carolina's Upstate, Midlands, and Low Country.
Their experience and success in the mortgage business brings a new level of professionalism and knowledge to us that will benefit our team and the markets we serve.
1 million first mortgage and a $500,000 line of credit for a co-op on 116th St.
Securitization of mortgages changed the typical savings and loan from an integrated institution which originated, held and serviced mortgages to maturity--with all the attendant risks--to one in which a large part of the mortgage originations are immediately passed on to an investment bank or government agency, where they are securitized.
To assess the distribution of mortgage credit risk, we have combined data collected in conjunction with the Home Mortgage Disclosure Act (HMDA) with data submitted by private mortgage insurers about the mortgages they insure.