Contact Laura Hopkins News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Whether it is independent mortgage banks or companies with the largest market caps in the world, new products are being developed and rolled out to help drive growth. Apple unveiled new iPhone models, versions of the AirPods Pro, and several smartwatches yesterday. Closer to home, lenders are also exploring new products to drive volume. Newrez announced a 40-Year IO option, designed to increase purchasing power for homebuyers by offering a 40-year loan term with interest-only payments for the first 10 years. The longer loan term does lower monthly payments, though I received a couple reader comments saying the CFPB will certainly be keeping its eye out for any predatory lending practices. Government is omnipresent in the financial industry, and often for the better. New guidance from the Federal Deposit Insurance Corporation (FDIC) regarding multiple re-presentment nonsufficient funds fees suggests that banks eliminate the fees altogether. (Today’s podcast is available here and ....

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