Mortgage Lending June 15, 2009
Interest rates stabilized at the conclusion of $65 billion in new Treasury borrowing this week, mostly by sales of long-term bonds. -- Boulder Mortgage Bank,Lou Barnes,Boulder Colorado 06/13/2009
The Refinance Index decreased 11.8 percent to 2605.7 from 2953.6 the previous week and the seasonally adjusted Purchase Index increased 1.1 percent to 270.7 from 267.7 one week earlier. -- Mortgage Bankers Association,Sarah Tinsley,Washington Dc 06/12/2009
Applications for funding created by the American Recovery and Reinvestment Act (ARRA) will begin to be accepted by the Ohio Housing Finance Agency (OHFA) on June 15. The Agency was notified in late Ma -- Ohio Housing Finance Agency,Erin Biehl,Columbus Ohio 06/12/2009
National mortgage-banking firm Love Funding today announced that its St. Louis office secured a $15,295,000 new construction loan for the proposed Christian Care Home in Ferguson, Mo. Robyn Cunningham -- Love Funding Corp.,Robyn Cunningham, Vice Preside,St Louis Mo 06/12/2009
The Nationwide Building Society has new mortgage rates for customers remortgaging and those taking additional borrowing -- Nationwide Building Society,Neil Gatherum,London Uk 06/12/2009
WASHINGTON, June 9 /PRNewswire-USNewswire/ -- The Department of Justice filed suit today against California mortgage lender Capmark Finance Inc., charging that Capmark violated the False Claims Act by -- U.S. Department of Justice,U.S. Department of Justice,Washington Dc 06/12/2009
States represent two of the four with the highest foreclosure rates, according to MBA report -- Parsa Law Group,Holly Naylor,Orange County Ca 06/12/2009
NEW YORK, June 11 /PRNewswire-FirstCall/ -- Mortgage rates soared this week, with the average 30-year fixed mortgage rate rising to 5.95 percent. According to Bankrate.com's weekly national survey -- Bankrate, Inc.,,Kayleen Keneally,New York Ny 06/12/2009
Old Republic International Corporation (NYSE:ORI) announced today that its title insurance subsidiary, Old Republic National Title Holding Company (ORNTHC), had joined with Attorneys' Title Insura -- Old Republic International Corporation,,Chicago Il 06/12/2009
BBVA Compass Virtual Banker(SM) recognized for Innovation in Delivery Channel Project -- BBVA Compass,Ed Bilek,Houston Tx 06/12/2009
A Montclair man pleaded guilty today to mail and wire fraud and money laundering charges in connection with a $139 million fraud scheme that bankrupted Pine Brook-based U.S. Mortgage Corp. and its sub -- U.S. Department of Justice,,Michael Drewniak,Newark Nj 06/12/2009
Homes Auctioned June 16th - 21st in New Jersey, New York, Connecticut, Boston, Delaware, Pennsylvania, Rhode Island and New Hampshire -- Hudson & Marshall of Texas Inc,Crystal Wright,Newark Nj 06/12/2009
In support of new federal legislation designed to assist homeowners in staying in their homes, MERSCORP, Inc. (MERS) has unveiled a new program that will inform borrowers of changes to the owner of th -- MERS,Karmela Lejarde, Communication,McLean Virginia 06/10/2009
`The previous expansion peaked in December 2007, which means we are now eighteen months into the current recession. The good news is that signs of stabilization suggest that we are closer to the end t -- Mesirow Financial,Diane Swonk,Chicago Il 06/10/2009
Members of Ford Foundation-Supported Network Will Make Loans Meeting Tough Standards, Certify Lenders to Rebuild Public Confidence, Steer Consumers Away From Worst Elements in Marketplace. -- Fair Mortgage Collaborative,,Washington Dc 06/10/2009
First Niagara (NASDAQ: FNFG) has more than doubled the amount of residential mortgage lending and approved applications thus far in 2009, compared to the same time period in 2008. -- First Niagara Financial Group, Inc,,Oliver Hays,Lockport Ny 06/10/2009
Non-Profit Organization Provides Free Online Loan Modification and Debt Consolidation Assistance -- DebtConsolidationConnection.com,Leah Taylor,Delray Beach Fl 06/10/2009
Electronic processing can save millions of dollars while meeting urgent timetable for homeowners facing foreclosure -- MRN Cubed,Paul Anselmo,Dallas Tx 06/09/2009
Mortgage Fraud Examiners, the investigative firm who warned the public about loan modification scams and the “criminal loan modification trap” months before the Obama Administration, is now warning th -- Mortgage Fraud Examiners,Storm Bradford,Ashburn Va 06/09/2009
In support of new federal legislation designed to assist homeowners in staying in their homes, MERSCORP, Inc. (MERS) has unveiled a new program that will inform borrowers of changes to the owner of th -- MERS,Ron Crowe 3, Client Services,McLean Virginia 06/09/2009
LoanSifter, Inc., an emerging leader in web-based, point-of-sale prod=
uct pricing and eligibility (PPE) tools and boasting the industry's most=
comprehensive investor database, announces a much -- LoanSifter,Susan, National Account Manage,Little Chute Wi 06/09/2009
Paris-London: Pricing Partners www.pricingpartners.com, a world leader in mathematical models and analytics for the valuation of derivatives and structured products and the independent valuation exper -- Pricing Partners,Eric Benhamou, Pricing Partner,Paris 06/09/2009
Martopia Recognized From More Than 7000 entries -- Martopia,Laura Siebold, Media Relations,Chicago Il 06/09/2009
Rates Jump Higher on Monday, According to Zillow(R) Mortgage Rate Monitor -- Zillow.com,Katie Curnutte,Seattle Wa 06/09/2009
Unique Industry/Advocacy Community Partnership Involves 24 Groups From Coast to Coast; Families to Show "Human Face" of Problem Being Addressed by Collaborative. -- Fair Mortgage Collaborative, Ford Foundation, Credit Foundation of America,Patrick Mitche,Washington Dc 06/08/2009
Recent surveys suggest that the rebound in the Chinese economy remains intact. The CLSA PMI edged up to 51.2 from 50.1 in May while the official NBS index slipped back from the 53.5 level recorded in -- Royal Institution of Chartered Surveyors,Ms Kate Kwan,Hong Kong 06/08/2009
Millions Stretched Themselves Financially, Face Painful Adjustment, Default, Foreclosure - as Payments on Option Pay Adjustable Mortgages Reset. -- Law Offices of Joseph R. Manning, Jr,Sean M. Reynolds,Newport Beach Ca 06/08/2009
Changes Provide Broader Availability for Borrowers, More Flexibility for Closing Costs -- Freddie Mac,Brad German,Mclean Va 06/08/2009
New Bankrate study illustrates the dynamic of employee and employer in a tumultuous economy -- Bankrate, Inc.,,New York Ny 06/08/2009
MCLEAN, Va., June 8 /PRNewswire-FirstCall/ -- Freddie Mac (NYSE:FRE) today announced the results of the fixed price cash tender offers (each, an "Offer" and, collectively, the "Offers" -- Freddie Mac,Michael Cosgrove, 06/08/2009
Omgeo and EuroCCP today announced they have launched joint development of a pan-European equities central counterparty (CCP) service for hedge fund transactions. The new service will mitigate the coun -- Omgeo; EuroCCP,Annelise Gr,London Uk 06/08/2009
The following release is being issued by REO Alternatives: -- REO Alternatives,Barbara Saylor,Washington Dc 06/08/2009
ORLANDO, Fla., June 8 /PRNewswire-USNewswire/ -- Comptroller of the Currency John C. Dugan warned today that reverse mortgages pose significant compliance risks and said regulators should get out in f -- Office of the Comptroller of the Currency,Kevin M. Mukri, 06/08/2009
Flagstar Bancorp, Inc. (NYSE:FBC) (the `Company`), the holding company for Flagstar Bank FSB (the `Bank`), today announced that Mark Hammond has decided to step down as President and Chief Executive O -- Flagstar Bancorp, Inc,Paul D. Borja,Troy Mi 06/08/2009
The truth of the matter is that every American will need some kind of long term health care plan....it's not a question of "if", it's just a question of "when". The successful -- Long-Term Care Management magazine.,Dale Filhaber, President,Boca Raton FL 06/08/2009
Granite Court Apartment Homes in Irvine, Calif., designed by KTGY Group, will celebrate its Grand Opening in July, 2009. Granite Court provides safe, quality affordable housing to families earning bet -- Monaghan Communications,Anne Monaghan,Irvine California 06/08/2009
The economic optimists are still in charge of markets, rates and stocks still rising. However, the divergence is widening between them and those worried about credit and latent weakness. It may take a -- Boulder Mortgage Bank,Lou Barnes,Boulder Colorado 06/05/2009
Paris and London - Pricing Partners®, the independent valuation expert for financial derivatives and a leading provider of pricing analytics systems, announced today that it has definitely confirmed i -- Pricing Partners,Eric Benhamou, Pricing Partner,Paris 06/05/2009
The commercial/multifamily mortgage origination volumes decreased 65 percent in 2008, with mortgage bankers closing $181.4 billion in commercial and multifamily loans; according to the Mortgage Banker -- Mortgage Bankers Association,Carolyn Kemp,Washington Dc 06/04/2009
- Urbi clients will enjoy connectivity and Internet services in their homes without paying additional equipment fees. -- Urbi Desarrollos Urbanos S.A.B. de C.V.,Alma Beltran,Mexico City Mexico 06/04/2009
Counterparty Credit Rating Raised to B-, Outlook Stable -- The PMI Group, Inc.,Tom Taggart,Walnut Creek Ca 06/04/2009
The Texas Credit Union League (TCUL) today released a summary of results from a telephone poll of 800 Texas registered voters regarding current Texas voter perceptions of the state's elected leade -- Texas Credit Union League,Buddy Gill,Austin Tx 06/04/2009
WARRENTON, Va., June 3 /PRNewswire-FirstCall/ -- Fauquier Bankshares, Inc. (NASDAQ:FBSS) claimed the 132nd spot in the nation's Top 200 Community Banks and Thrifts, as ranked by U.S. Banker magazi -- Fauquier Bankshares, Inc.,Eric Graap,Warrenton Va 06/04/2009
-- The Abbey Company is pleased to announce its latest commercial property portfolio addition with the purchase of City Parkway. Acquired from Maguire Properties, it is one of the largest real estate -- Abbey Company,Kurt Kaufman,Long Beach Ca 06/04/2009
AI Ready(TM) is an accepted delivery format under Fannie Mae Announcement 09-14 -- FNC, Inc.,Bill Dabney,Oxford Ms 06/04/2009
The National Association of Exclusive Buyer Agents is excited to announce the launch of its new website for consumers at http://www.naeba.org/. -- National Association of Exclusive Buyer Agents,John Sullivan,Avondale Az 06/04/2009
Company participates in FDIC's Temporary Liquidity Guarantee Program -- GMAC Financial Services,Gina Proia,Detroit Mi 06/04/2009
WASHINGTON, June 4 /PRNewswire-USNewswire/ -- Religious, civil rights and consumer groups today briefed congressional lawmakers and staff on why all families should be covered by the 36 percent rate c -- Center for Responsible Lending,Kathleen Day,Washington Dc 06/04/2009
Fair access to credit remains an illusive ideal for many borrowers -- National Community Reinvestment Coalition,Jesse Van Tol,Washington Dc 06/04/2009
NEW YORK, June 4 /PRNewswire-FirstCall/ -- Mortgage rates soared higher this week, with the average 30-year fixed mortgage rate rising to 5.65 percent. According to Bankrate.com's weekly national -- Bankrate, Inc.,Kayleen Keneally, 06/04/2009
Local San Diego real estate agent Bob Hamzey is convinced that big banks are taking advantage of the new `Foreclosures Alternative Program` or (FAP) program recently unveiled by the Obama administrati -- Robert Hamzey,Robert Hamzey,San Diego ca 06/03/2009
Andrew Kalotay Associates, Inc. has been notified that the US Patent Office will grant a patent for its CLEAN(TM) MBS model. -- Andrew Kalotay Associates, Inc.,Andrew Kalotay,New York Ny 06/03/2009
-Approach provides substantial cost, efficiency, flexibility advantages for FIs- -- Zoot Enterprises, Inc.,Sales,BOZEMAN MT 06/03/2009
The Refinance Index decreased 24.1 percent to 2953.6 from 3890.4 the previous week and the seasonally adjusted Purchase Index increased 4.3 percent to 267.7 from 256.6 one week earlier. -- Mortgage Bankers Association,Sarah Tinsley,Washington Dc 06/03/2009
Nation’s Number One Lending Exchange Adds Over 50 New Lenders in Q109, and Remains Focused on Continuing Efforts as Borrower Demand Remains Strong -- LendingTree, LLC,Beth Jentgen, Relationship Man,Charlotte Nc 06/03/2009
Michael D. Berman, CMB, Vice Chairman of the Mortgage Bankers Association (MBA), today testified before the House Financial Services Subcommittee on Capital Markets, Insurance and the Government Spons -- Mortgage Bankers Association,John Ferber, Commercial,Washington Dc 06/03/2009
Partnership enhances statewide efforts, attracts long list of lenders and servicers to June 4th workshop for struggling homeowners -- The Minnesota Home Ownership Center,Ed Nelson,St Paul Mn 06/02/2009
OBA Provides Tips for Consumers Preparing to Purchase a Home -- Oregon Bankers Association,Linda Navarro,Salem Or 06/02/2009
Winthrop Realty Trust (NYSE:FUR) acquired today: (i) a first mortgage loan secured by a 19 story, 289,000 square foot office building located at 160 Spear Street, San Francisco, California; and (ii) a -- Winthrop Realty Trust,Beverly Bergman,Boston Ma 06/02/2009
Weekly Average Rate of 5.25% Highest Since March, According to Zillow(R) Mortgage Rate Monitor -- Zillow.com,Katie Curnutte, 06/02/2009
The Office of Thrift Supervision (OTS) has appointed Gary Base, president and CEO of Plano-based ViewPoint Financial Group (NASDAQ:VPFG) and its subsidiary ViewPoint Bank, to a two-year term on its Mu -- ViewPoint Financial Group,,Plano Texas 06/02/2009
National mortgage banking firm Love Funding today announced that Laura Saull-Smith, Senior Vice President of the firm’s Washington, D.C. office, arranged FNMA processing to close a $9,625,500 refinanc -- Love Funding Corp.,Robyn Cunningham, Vice Preside,Washington Dc 06/02/2009
- Overview of Financial Services and Information Solutions Businesses to be Webcast - -- First American Corporation,,Santa Ana Ca 06/02/2009
Tips to save money and avoid scammers -- DebtConsolidationConnection.,Leah Taylor,Delray Beach Fl 06/02/2009
Join our growing network of Mortgage Brokers and offer a NO DOC Securities Based Loan to your clients. The NO DOC Stock Loan is available Nationwide - 50 States and International. -- Florida Mortgage Corporation,Steve Kulyk,Clearwater Florida 06/02/2009
Pricing Partners renews its leading experience in training its flagship software Price-it® with Grandes Ecoles for the third year -- Pricing Partners,Eric Benhamou, Pricing Partner,Paris 06/02/2009
Company founder Bill Kelvie becomes Chairman -- Overture Technologies,Pete Maselli, Chief Marketing ,Fort Worth Tx 06/02/2009
The weakening economy and continued credit crunch led to increases in commercial/multifamily mortgage delinquencies during the first quarter of 2009, according to the Commercial/Multifamily Delinquenc -- Mortgage Bankers Association,John Mechem,Washington Dc 06/02/2009
Integration of market leaders’ technologies results in a very comprehensive web portal suite and significantly streamlines lenders’ operations -- ISGN,James Gellasch,BENSALEM PA 06/02/2009
RamQuest, Inc., a recognized leader for providing business solutions to the land title industry, announced today that Attorney’s Title Agency of Farmington Hills, Michigan has selected it’s Complete C -- RamQuest Software, Inc.,Erin McAnally, Marketing and C,Plano tx 06/02/2009
Real estate investors and vacation home buyers represented 35-40% of all residential property purchases in the years before the market downturn. Yet, many of these same investors are now experiencing -- CMPS Institute,Josephine Nicholas,Ann Arbor MI 06/02/2009
HI Urban Retail Advisors Sells High-Profile REO Retail Building in Long Beach, CA for $3,500,000 -- Monaghan Communications,Anne Monaghan,Newport Beach California 06/01/2009
-- Mortgage Network Solutions, LLC,Dinah Stallworth,Natchitoches Louisiana 06/01/2009
Product and pricing engine seamlessly integrated with Ellie Mae’s Encompass Banker Edition -- Loan-Score Decisioning Systems,Joe Bowerbank,Irvine Ca 06/01/2009
As one can clearly see from the tidal wave of recent headlines (which themselves represent just the tip of the iceberg), mortgage fraud is `persistent and growing.` While it may seem too big to curtai -- Lenders Compliance Group,Michael Richardson,Long Beach Ny 06/01/2009
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