Internet-only banks, foreign lenders and the state-owned Industrial Bank of Korea (IBK) are joining major financial institutions in tightening their mortgage loan policies. This move follows instructions from financial authorities aimed at addressing the rapid growth of household debt. IBK said on Wednesday that it will reduce the maximum maturity period for home mortgage loans from 40 years to 30 years, starting from Thursday. This measure effectively results in a lower loan limit. The bank will also discontinue offering mortgage insurance, wh ...
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Product, Interest rate, APR ; 15-year fixed-rate jumbo, 6.23%, 6.30% ; 5/1 ARM jumbo, 5.86%, 6.83% ; 7/1 ARM jumbo, 5.98%, 6.82%
Listen to the tales of guts, inspiration, and drive that define the people and companies at... As Garg puts it, the mortgage industry acted as though the internet didn't exist. So in 2016...
Financial authorities are closely watching internet-only banks, identifying their non-face-to-face mortgage loans as a contributing factor to the rapid surge in household debt. Authorities are inve...
reverse mortgage companies for deceptive advertisements, including claiming that consumers... the Internet. Through its investigation, the CFPB found that since January 2012 Reverse...
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An Internet Mortgage Provider Reaps the Rewards of Lending Boldly Share full article Gregory Garrabrants has been the chief executive of BofI Holding, Bank of Internet’s parent company...
mortgage refinance. When the coronavirus struck the U.S. in early spring, and the stock market went into freefall, mortgage... The rate on his 30-year fixed mortgage at the time was 4.125...