Category Archives: Mortgage Updates

THE SHRINKING WORLD OF MORTGAGE LENDING

By Robert Fetton- DE Captial Mortgage A few developments in the world of mortgage banking that is worth mentioning.  This summer, MetLife, who owns MetLife Home Loans, a division of MetLife Bank, decided to sell their banking and mortgage originations unit.  They cannot deal with the new regulations handed down by Barney Frank and Chris […]





Debt Ceiling reduces mortgage rates

Written by Robert Fetten of  DE | Capital Mortgage Due to the debt ceiling debate and the general lack of economic growth for the second quarter of 2011, the mortgage rates have decreased 50 basis points in the past 3 weeks. This equates to .5% reduction in 30 year mortgage pricing for new home buyers […]