Tag Archives: home loan

Wells Fargo beat revenue expectations

Posted on February 5, 2017 by robertjrussellcompanies

Wells Fargo beat revenue expectations thanks to a push from mortgage originations, despite ongoing woes including the resignation of CEO John Stumpf and an ongoing scandal over the opening of millions of unauthorized accounts. Wells Fargo reported net income of … Continue reading →

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$14.8 Billion Mortgage Servicer to Sell

Posted on October 6, 2016 by robertjrussellcompanies

Starwood Property Trust Inc. plans to sell its European real estate loan servicing business Hatfield Philips International and has chosen Situs Group LLC as the preferred bidder, two people with knowledge of the matter said. HPI, which manages about 11.3 … Continue reading →

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Mortgage originations down at start of 2016

Posted on June 5, 2016 by robertjrussellcompanies

There was a drop in mortgage applications in the first 3 months of 2016. RealtyTrac data shows that there were 1.4 million mortgage originations on residential properties (1 to 4 units) in the US, down 12 per cent from the … Continue reading →

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Look what Bank of America has done

Posted on March 23, 2016 by robertjrussellcompanies

Bank of America has launched a new mortgage product which allows homebuyers to make a downpayment of just 3 per cent with no requirement for mortgage insurance. It is seen as a swipe at the FHA which requires insurance for … Continue reading →

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100% financing is back

Posted on March 15, 2016 by robertjrussellcompanies

It took a while, but it seems one of the products often blamed for contributing to the housing collapse is back. A California-based credit union has announced the release of its 100% financing mortgage product. “We were seeing too many … Continue reading →

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Are we headed for another Real Estate crash?

Posted on February 9, 2016 by robertjrussellcompanies

Here is an email that I received from a lender. With home loans given to people with this low a credit score, is a real estate crash right around the corner?

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Eight Questions to Ask Your Mortgage Broker

Posted on April 29, 2015 by robertjrussellcompanies

Buying your first home can be both an exciting and stressful experience. Your home represents a huge financial investment and you want to be sure that you’re making the right decision for yourself and your family. If you’re considering buying … Continue reading →

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Buying your First House

Posted on March 15, 2015 by robertjrussellcompanies

Buying a house can be an exciting time in your life, but unfortunately, it can also be an expensive business and it is very important to start saving sooner rather than later. We’re in a buyer’s market at the moment, … Continue reading →

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Down Payment Assistance Now Available

Posted on February 18, 2015 by robertjrussellcompanies

There are various grant programs that are meant to assist first time home buyers. These grant programs can help you financially in making down payments or closing costs or by reducing the mortgage loan rates. It has been observed that … Continue reading →

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Pre-Approved for a Loan…….who did you get it from?

Posted on February 16, 2015 by robertjrussellcompanies

It seems like the buyers who call me every day understand more and more that they need to get prequalified for a mortgage prior to getting started with the homebuying process. Most also understand that shopping for the most competitive … Continue reading →

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