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News, Page 26

6 Steps to Get the Best Mortgage Rates This Spring

If you've got the itch to ditch your landlord and take the leap to homeownership, mortgage rates are still low by historical standards. Rents have been rising and rising,” says Lawrence Yun, chief economist at the National Association of Realtors. The NAR expects 30-year, fixed-rate mortgages to average 3.80 percent in the first quarter.

Hunt Mortgage Group Closes Seven FHA Deals

Hunt Mortgage Group, a commercial real estate lender, announced today that it has financed seven affordable housing projects with FHA/HUD loan facilities. The total Hunt investment is $102 million and …

Mortgage and Valuation Fraud: Prevention Tips from the Appraisal Institute of Canada

OTTAWA, March 3, 2015 /CNW/ – March is Fraud Prevention Month and the Appraisal Institute of Canada (AIC) would like to remind Canadian consumers, lenders, mortgage brokers, lawyers, appraisers and anyone else relying on an appraisal, to be diligent about potential valuation fraud that may occur during the mortgage financing process. Valuation fraud is the misrepresentation of an appraisal …

Ocwen to sell servicing rights on $45 bln of Fannie Mae loans

Mortgage servicer Ocwen Financial Corp said it would sell residential mortgage servicing rights on $45 billion of Fannie Mae loans to an undisclosed buyer, sending its shares up 5.5 percent in extended trading. The announcement comes a week after Ocwen said it would sell servicing rights on $9.8 billion of loans backed by Freddie Mac to Nationstar Mortgage Holdings Inc, as part of a strategy to …