Mortgage Careers of the Week + MORE Jan 31st

There are so few mortgages that are unique, widely available and serve essential niches, and RMG Mortgages has one of them. To appreciate the uniqueness of its product, we have…

The U.S. Fed announced the second round of tapering for their bond buying program on Wednesday, a signal the country is ready to wean itself off cheap money. Emerging global economies, however, may not be ready to go cold turkey.
While the latest $10-billion scale back to quantitative easing is a positive sign for U.S. economic growth (it will now spend only $65 billion monthly on its own bonds), such optimism has been somewhat shadowed by a growing worldwide deflation crisis – currency values have dropped around the world, and global stock markets have plummeted $1.7 trillion.
The Global Impact
It’s indicative of just how greatly the U.S. economy impacts the rest of the world – the cost of borrowing there really is the benchmark for global currencies and the accessibility of money in other countries.
When the U.S. kept its monetary policy loose, this in turn benefited these emerging markets – it promoted investment there, and allowed them to keep their own costs of borrowing down and stimulated their economies…

Here’s a quick look at lenders who launched (or re-launched) mortgage products in the past few weeks. Optimum’s Opti-85 Returns After pulling its Opti-85 bundled mortgage from the market last…

ALBANY, N.Y. – A New York judge has approved the $8.5 billion Bank of America settlement over investor losses from mortgage-backed securities, concluding that trustee Bank of New York Mellon acted reasonably.
Critics of the settlement argued that it represented only a fraction of the losses.
State Supreme Court Justice Barbara Kapnick writes in her ruling Friday that BNY Mellon “did not abuse its discretion” in entering the agreement and “did not act in bad faith.”
According to court papers, the claims arose from “a massive collapse in value” of mortgage loans in New York trusts in 2007 and 2008.
The claims were against trust creator Countrywide Financial Corp. and trust servicer Bank of America, which bought Countrywide in 2008.
Bank of America spokesman Lawrence Grayson says they’re reviewing the 54-page ruling.
The post NY judge approves Bank of America $8.5B settlement of losses from mortgage-backed securities appeared first on Canadian Business.

Company: Canadian Association of Accredited Mortgage Professionals (CAAMP) Position Title: Vice President, Member Services Years of Experience Required: Minimum 5 years of relevant sales, business development and marketing experience in…