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Mortgage Portfolio Grows at 5/3

Apr 23, 2011 Author: admin |
Fifth Third Bancorp owned $9.5 billion in residential loans as of March 31, according to its quarterly earnings data. The portfolio grew from $9.0 billion at the end of last year. The portfolio was also higher than a year earlier, when it stood at $7.9 billion.
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Mostly Good PNC Results

Apr 22, 2011 Author: admin |
Residential originations were down 9 percent at The PNC Financial Services Group Inc. The company managed a 2 percent quarterly increase in its servicing portfolio, though its mortgage assets declined. Home-loan delinquency, meanwhile, improved 3 basis points during the quarter.
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Vittorio Hernandez – AHN News
Tokyo, Japan (AHN) – Tokyo Electric Power admitted Thursday that the damaged Fukushima Daiichi nuclear plant is leaking readioactive water into the sea that is 20,000 times over the yearly legal limit for the plant. From April 1st to the 6th, the plant leaked about 5,000 terabecquerels of radioactive substances. The leak of 520 tons of extremely radioactive water came from reactor 2. The leak was discovered April 2 and plugged April 6. Although the nuclear accident is one of the biggest headaches of the Japanese government because of the risk of a nuclear meltdown and the effect of the nuclear plant’s [...] Continue Reading…

When you’re searching for a mortgage of any type you are more than likely well aware that you are going to have to meet specific requirements and do certain things in order to get everything together that you will need to apply for one. The main problem with mortgages is not only are they confusing to get through by yourself but it is also difficult to figure out what you need to get one. When you’re looking into Reverse Mortgage Requirements in Canada then you know that you have to be over a certain age, currently on the title of the house, and that the property has to be [...] Continue Reading…

The house in Marupe, a sleepy suburb of Riga, stands out among the more traditional boxy white and yellow stucco homes that define the neighborhood.

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Wells 2011 Mortgage Layoffs Climb to 4,500

Apr 21, 2011 Author: admin |

Home-loan production dropped 34 percent in the first quarter from the prior period, the company said in its earnings report. Wells disclosed that its staffing levels are being cut substantially as business tumbles. “As mortgage volumes slowed in 1Q11, actions were taken to reduce retail fulfillment staffing by over [...] Continue Reading…

Being retired can be the best years of your life. You can live the way you want and you don’t have to work. You now have the ability to spend time with family and even travel. These are the dreams of many people before retirement. The problems come, when their retirement money doesn’t cover all of their bills and they end up struggling to make ends meat. If you own your home in Alberta, you are over 62 years old and you are struggling to pay the bills, then you should look into a Reverse Mortgage in Alberta. There is a solution to financial burdens, when you are a [...] Continue Reading…

U.S. Bank Business Tumbles from Record High

Apr 19, 2011 Author: admin |

Home-loan fundings during the first quarter tumbled 38 percent from the fourth-quarter 2010 at U.S. Bancorp. However, fourth-quarter volume was the highest ever. Business was still better than the first-quarter 2010.
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HUD Restricts Use of Logo

Apr 19, 2011 Author: admin |

The Department of Housing and Urban Development has released a mortgagee letter outlining requirements that impact the use of government logos when advertising Federal Housing Administration programs. HUD provided copies of two logos that can be used by approved mortgagees. HUD said that any advertisements must emphasize the mortgagee [...] Continue Reading…

Vittorio Hernandez – AHN News
Washington, DC, United States (AHN) – The U.S. Supreme Court heard Monday a patent lawsuit involving small Canadian technology firm i4i and IT giant Microsoft. Toronto-based i4i filed a lawsuit against Microsoft in 2007. Lower courts favored i4i over Microsoft in the Canadian company’s charges that Microsoft willfully infringed on its Canadian patent for an editing tool it co-opted for Microsoft Word. The patent provided users of Word 2003 and Word 2007 a better way to edit XML, a computer code that tells the program how to interpret and display a document’s contents. The courts ordered Microsoft to pay i4i a record $290 [...] Continue Reading…

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