Mortgage Lending August 31, 2010
The FDIC said Tuesday that the number of banks on the agency's so-called "Problem List" has risen to 829, up from 775 at the end of the first quarter of 2010.
The number of troubled in -- DSNews.com,Admin, 08/31/2010
Texas Attorney General Greg Abbott says American Home Mortgage Servicing is using illegal debt collection practices and misleading struggling homeowners, resulting in foreclosure for some borrowers. A -- DSNews.com,Admin, 08/31/2010
Gold futures rose the most in two weeks as slumping global equity markets boosted the appeal of bullion for investors seeking a haven. The MSCI World Index of stocks has dropped 4.4 percent in August, -- MortgageLatestNews,Admin, 08/31/2010
Investors should continue buying mortgage bonds tied to U.S. home loans because they are unlikely to suffer a wave of refinancings that would cut yields, according to JPMorgan Chase & Co. Congress -- MortgageLatestNews,Admin, 08/31/2010
Freddie Mac has named Subha V. Barry to the position of chief diversity officer (CDO). In this position, Barry will lead the company`s newly formed Office of Diversity and Inclusion, with overall res -- NationalMortgageProfessional.com,NMP Media Services, 08/31/2010
Mortgage Builder, a leader in loan origination software (LOS) technology for the mortgage industry, has created the new client-focused position and has appointed Kelli Himebaugh vice preside -- NationalMortgageProfessional.com,NMP Media Services, 08/31/2010
Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported an aggregate profit of $21.6 billion in the second quarter of 2010, a $26 billion improve -- NationalMortgageProfessional.com,NMP Media Services, 08/31/2010
eLynx, a portfolio company of American Capital, has announced that it has released its new eHUD service, a component of the Electronic Closing Network (eCN), that makes it easy for lenders and closing -- NationalMortgageProfessional.com,NMP Media Services, 08/31/2010
OpenClose Mortgage Software, developers of Web-based, loan origination software (LOS), has released the enhanced editing version that improves the accuracy of information flow in the new Good Faith Es -- NationalMortgageProfessional.com,NMP Media Services, 08/31/2010
A new analysis from Market Rates Insight (MRI) reveals that consumers are exhibiting one-third less (36 index points) confidence in the economy during the current downturn in deposit rates compare to -- NationalMortgageProfessional.com,NMP Media Services, 08/31/2010
I want to begin by saying that I support all channels of loan origination if they are operated with integrity and are ethically compliant. To say our industry has gone through change is a severe under -- NationalMortgageProfessional.com,NMP Media Services, 08/31/2010
Citizens Financial Group, Inc. recently announced the appointment of Cheryl Nolda as president of its Home Lending Solutions business. Nolda has 27 years' experience in the financial services indu -- DSNews.com,Admin, 08/31/2010
Fairway Independent Mortgage Corporation announced Monday it will enter the wholesale market with select banks, credit unions, and brokers. Using its expertise in Federal Housing Administration (FHA), -- DSNews.com,Admin, 08/31/2010
Mutual of Omaha Bank has hired Steven D. Johnson as a senior mortgage loan officer in Austin, Texas. Johnson is a 15-year veteran of residential lending. Prior to joining Mutual of Omaha Bank, he was -- DSNews.com,Admin, 08/31/2010
U.S. consumers are less satisfied with their experience during the loan modification process than they are during the loan origination, namely because mortgage servicers are missing the mark when it c -- DSNews.com,Admin, 08/31/2010
The Dodd-Frank Financial Reform Act includes new appraisal management rules as well as stricter laws and firmer penalties for lenders. The bill's appraiser independence standards will give lenders -- DSNews.com,Admin, 08/31/2010
Home prices rose in June for the third consecutive month a precipitate of the homebuyer tax credit that sparked a flurry of purchase activity during the spring months and helped to prop up values.
-- DSNews.com,Admin, 08/31/2010
Freddie Mac (OTC Bulletin Board: FMCC) announced today that it priced its new 0.875% $3 billion three-year USD Reference Notes® security due on October 28, 2013. The issue, CUSIP number 3137EACL1, was -- Freddie Mac,Michael Cosgrove,Mclean Va. 08/31/2010
The nation's homeowners paid a median of $1,000 in monthly housing costs in 2009, compared with $808 for renters, according to data released today by the U.S. Census Bureau and the U.S. Department -- US Census,Robert Bernstein,Washington 08/31/2010
New Broker-Dealer Offers Mortgage-Backed Securities Expertise -- Arsenal Capital Partners,Kristi Hughes,New York 08/31/2010
RANCHO CUCAMONGA, CA, August 31, 2010 /24-7PressRelease/ -- Consumers have been taking advantage of the Internet`s ever-growing wealth of resources for both researching and purchasing products, and an -- http://insurance.mo.gov/consumer/teens/tnGenIns.pdf,24/7 Media, 08/31/2010
GLASGOW, SCOTLAND, August 31, 2010 /24-7PressRelease/ -- Designed with traders in mind, our new and re-designed spread betting guide will make traders and investors learning experience quicker, easier -- 24/7 Press Release Newswire,24/7 Media, 08/31/2010
LOS ANGELES, CA, August 31, 2010 /24-7PressRelease/ -- Blue Tax is successfully continuing to help relieve tax payers of IRS liabilities. Their experienced staff of Enrolled Agents and Tax Attorneys h -- 24/7 Press Release Newswire,24/7 Media, 08/31/2010
Freddie Mac released the results of its second quarter Conventional Mortgage Home Price Index (CMHPI) Monday. The index measures property values based on home loans originated in Q2 and purchased by F -- DSNews.com,Admin, 08/31/2010
Marix Servicing LLC, a Phoenix, Arizona-based specialty mortgage servicer, will be acquired by Walter Investment Management Corp. through an agreement with Marix's parent company Marathon Asset Ma -- DSNews.com,Admin, 08/31/2010
In a rare break from what has been the norm throughout the recession, this weekend saw no bank closings. Since January 2008, more than 280 banks and thrifts have collapsed, most as a direct result of -- DSNews.com,Admin, 08/31/2010
Moody's Investors Service says it expects home price appreciation to be "soft" for the next couple of years.
The company says there were 1.8 million more vacant homes sitting on the ma -- DSNews.com,Admin, 08/31/2010
Forest City Enterprises, Inc. (NYSE:FCEA) (NYSE:and) (NYSE:FCEB) and Rock Gaming LLC, today announced that subsidiaries have reached agreements under which Rock Gaming will acquire land and air rights -- Forest City Enterprises, Inc.,Robert O'Brien,Cleveland 08/30/2010
Potential of Nearly 4 Million 'Sidelined Sellers' Very Likely to Put Home on the Market In Next Six Months with Signs of Real Estate Turnaround, According to Zillow®Q2 Homeowner Confidence Sur -- Zillow,Katie Curnutte,Seattle 08/30/2010
Mortgage rates posted the first increase in five weeks, with the average conforming 30-year fixed mortgage rate now 4.63 percent, according to Bankrate.com's weekly national survey. The average 30 -- Bankrate.com,Kayleen Yates,New York 08/30/2010
While many U.S. financial firms worry about effects of new pro-consumer regulations flowing from the financial reform bill signed into law recently by President Obama, one company says its own focus o -- NewDay Financial,David Jeffers,Fulton Md. 08/30/2010
A homebuying guide published the Appraisal Institute teaches homebuyers when to buy, how to find a real estate agent, how to choose the best home on the market and more … all from the uniquely -- NationalMortgageProfessional.com,NMP Media Services, 08/30/2010
A former mortgage broker who helped orchestrate a massive mortgage fraud scheme that caused more than $40 million in losses has been sentenced to 78 months in federal prison. Mark Alan Abrams of -- NationalMortgageProfessional.com,NMP Media Services, 08/30/2010
Mortgage Network Inc. has announced a major expansion effort across the Mid-Atlantic region with offices opening in Wilmington, Delaware; Dewey Beach, Delaware and Elkton, Md. This expansion effort i -- NationalMortgageProfessional.com,NMP Media Services, 08/30/2010
MRG Document Technologies (MRG), a provider of mortgage document preparation software and compliance technology to banks, credit unions and other lenders nationwide, has announced that Seatac, Wash.-b -- NationalMortgageProfessional.com,NMP Media Services, 08/30/2010
Matthew A. Kim of Alexandria, Va., has pled guilty to engaging in mortgage fraud as a loan broker for two local mortgage companies. Neil H. MacBride, United States Attorney for the Eastern Distri -- NationalMortgageProfessional.com,NMP Media Services, 08/30/2010
Fairway Independent Mortgage Corporation, one of the country’s largest mortgage bankers, has announced that it is entering the wholesale market with select banks, credit unions and brokers. The -- NationalMortgageProfessional.com,NMP Media Services, 08/30/2010
Texas Attorney General Greg Abbott has charged Coppell, Texas-based American Home Mortgage Servicing Inc. (AHMS) with using illegal debt collection tactics and improperly misleading struggling homeown -- NationalMortgageProfessional.com,NMP Media Services, 08/30/2010
Richard L. (Rick) Borges II, MAI, SRA, formerly of Seymour, Ind., has been Thursday as 2011 vice president of the Appraisal Institute, the nation’s largest professional organization of real esta -- NationalMortgageProfessional.com,NMP Media Services, 08/30/2010
Freddie Mac has announced the results of its second quarter Conventional Mortgage Home Price Index (CMHPI). The Conventional Mortgage Home Price Index (CMHPI) Purchase-Only Series for the United -- NationalMortgageProfessional.com,NMP Media Services, 08/30/2010
Preet Bharara, the United States Attorney for the Southern District of New York, has announced that Ravi Persaud, a real estate attorney, and George Esso, a former loan officer, were found guilty of p -- NationalMortgageProfessional.com,NMP Media Services, 08/30/2010
Holliday Fenoglio Fowler, L.P. (HFF), a provider of commercial real estate and capital markets services, recently announced that Stephen Skok is the firm's new managing director in the debt placem -- DSNews.com,Admin, 08/30/2010
Accounting firms Eisner LLP and Amper, Politziner & Mattia, LLP, recently formed to create EisnerAmper LLC's real estate group, doubling the size of the firm's real estate practice. The New Yo -- DSNews.com,Admin, 08/30/2010
This month’s New Homeowner List count is 202,432 nationally. -- Dataman Group Direct,Dale Filhaber,Boca Raton FL 08/30/2010
Walter Investment Management Corp. (NYSE Amex: WAC) ("Walter Investment" or the "Company") today announced it has completed the purchase of a pool of residential first lien mortgage lo -- Walter Investment Management Corp.,Whitney Finch,Tampa Fla. 08/30/2010
KXEN, the leading provider of data mining automation solutions, announced today that Equifax Capital Markets is using KXEN technology to strengthen its data mining and predictive modeling capabilities -- Equifax,Jennifer Costello,San Francisco 08/30/2010
LOS ANGELES, CA, August 30, 2010 /24-7PressRelease/ -- Richard Lopez, C.E.O. of Blue Tax, took time out of his busy schedule this week to share Blue Tax`s most recent success stories. The stories are -- 24/7 Press Release Newswire,24/7 Media, 08/30/2010
Fannie Mae is implementing a new policy this week regarding home appraisals. Effective Wednesday, September 1, lenders that sell loans to the GSE will be prohibited from making changes to appraisers&# -- DSNews.com,Admin, 08/30/2010
After a worse than expected falloff in home sales during the month of July, buzz about a possible revival of the federal homebuyer tax credit has begun to surface.
Sales of previously owned homes -- DSNews.com,Admin, 08/30/2010
SOUTHPORT, NC, August 29, 2010 /24-7PressRelease/ -- Plantation Properties, a boutique real estate firm in Southport, NC, has always focused on the best golf and tennis communities in the coastal NC a -- 24/7 Press Release Newswire,24/7 Media, 08/29/2010
Bigger, as the Federal Reserve may soon discover, is not always better. The prospect of a renewed effort by the U.S. central bank to drive down already super-low borrowing costs raises the issue of wh -- MortgageLatestNews,Admin, 08/29/2010
Mortgage applications rose 4.9 percent last week as more borrowers refinanced at the lowest rates in decades. The Mortgage Bankers Association said Wednesday the gain was fueled by a 5.7 percent incre -- MortgageLatestNews,Admin, 08/29/2010
Homeowners who have lost their jobs and face foreclosure will benefit from the new $1 billion emergency mortgage relief program scheduled to go into effect by Oct. 1, Senator Bob Casey (D-PA) and Cong -- Office of Congressman Chaka Fattah,Ron Goldwyn,Philadelphia 08/28/2010
KXEN, the leading provider of data mining automation solutions, announced today that Equifax Capital Markets is using KXEN technology to strengthen its data mining and predictive modeling capabilities -- Equifax,Jennifer Costello,San Francisco 08/28/2010
Current Rate Spread Widens to 1.08%, Providing Room for Negotiation -- LendingTree,Bethany Ciampa,Charlotte N.c. 08/28/2010
Freddie Mac (OTC Bulletin Board: FMCC) announced today that it plans to issue a new three-year USD Reference Notes® security, CUSIP number 3137EACL1, due on October 28, 2013. The issue will be priced -- Freddie Mac,Michael Cosgrove,Mclean Va. 08/28/2010
Retired Couple Leverages Equity of High-Value Home for Financial Peace of Mind -- Generation Mortgage Company,Trey Ditto,Atlanta 08/28/2010
Tickerspy (http://www.tickerspy.com/), an investing website featuring over 250 unique, proprietary Indexes, announced the creation of the Shale Gas Stocks Index, which includes among its components To -- Indie Research Advisors, LLC,Marcia Martin,Princeton N.j. 08/28/2010
Capitol Bancorp Limited announced today that a Maricopa County Superior Court Judge awarded it more than $14,748,000 in compensatory damages and $30,000,000 in punitive damages. The defendants were a -- Capitol Bancorp Limited,Michael M. Moran,Lansing Mich. 08/28/2010
JERICHO, NY, August 28, 2010 /24-7PressRelease/ -- TSC Direct, New York City auto insurance company is proud to announce they have received an excellent credit rating from the A.M. Best Credit Rating -- 24/7 Press Release Newswire,24/7 Media, 08/28/2010
CHICAGO, IL, August 28, 2010 /24-7PressRelease/ -- Stevens Wealth Management LLC, a Chicago-based financial advisory firm, recently appeared in Financial Advisor magazine`s 2010 list of largest and fa -- 24/7 Press Release Newswire,24/7 Media, 08/28/2010
SANTA BARBARA, CA, August 28, 2010 /24-7PressRelease/ -- New home shoppers who are considering Candlewood at The Preserve at Chino now have just two choices at this popular neighborhood--both with att -- 24/7 Press Release Newswire,24/7 Media, 08/28/2010
SAN DIEGO, CA, August 28, 2010 /24-7PressRelease/ -- The final phase of new homes are now selling at Solaris in master-planned Sundance. Priced from the very low $200,000s, Solaris is a great choice f -- 24/7 Press Release Newswire,24/7 Media, 08/28/2010
HERTFORDSHIRE, ENGLAND, August 28, 2010 /24-7PressRelease/ -- A survey carried out via a business networking site* has reinforced the different business stereotypes, with the image of a scruffy IT wor -- 24/7 Press Release Newswire,24/7 Media, 08/28/2010
LEICESTER, ENGLAND, August 28, 2010 /24-7PressRelease/ -- From the end of August 2010, borrowers will be able to benefit from further reductions to Santander`s mortgage rates. In particular, two, four -- 24/7 Press Release Newswire,24/7 Media, 08/28/2010
GOLDEN, CO, August 28, 2010 /24-7PressRelease/ -- Tax fraud occurs when an individual or corporation enters into an illegal scheme to avoid paying taxes legally owed to the federal government. It is a -- 24/7 Press Release Newswire,24/7 Media, 08/28/2010
GOLDEN, CO, August 28, 2010 /24-7PressRelease/ -- While no one looks forward to paying taxes, the vast majority of people understand the purpose and importance of taxes. Without this revenue, our gove -- 24/7 Press Release Newswire,24/7 Media, 08/28/2010
Mortgage Concepts has announced the promotion of Leonard J. Ramirez to the position of chief operating officer and has appointed Scott A. Milner as vice president. Milner has more than 10 years o -- NationalMortgageProfessional.com,NMP Media Services, 08/27/2010
The Federal Housing Finance Agency (FHFA) has released its first Conservator’s Report on the Enterprises’ Financial Condition. The Conservator’s Report provides an overview -- NationalMortgageProfessional.com,NMP Media Services, 08/27/2010
The Federal Housing Administration (FHA) has announced that it intends to make modifications to its Home Equity Conversion Mortgage (HECM) product, a reverse mortgage loan insured by the federal gover -- NationalMortgageProfessional.com,NMP Media Services, 08/27/2010
CredAbility has released the CredAbility Consumer Distress Index results for the 2010 second quarter. The Index, a quarterly measure that tracks the financial condition of the average U.S. household, -- NationalMortgageProfessional.com,NMP Media Services, 08/27/2010
Attorney General Terry Goddard has announced that Edward L. Carpenter of Phoenix, a minister and former mortgage broker, has been found guilty by a Maricopa County Superior Court jury of 10 charges re -- NationalMortgageProfessional.com,NMP Media Services, 08/27/2010
Foreclosure starts dropped during the second quarter and the inventory of homes in the process of foreclosure fell for the first time since 2006, the Mortgage Bankers Association reported Thursday.
-- DSNews.com,Admin, 08/27/2010
Mortgage interest rates are already at their lowest level in decades, and this week, they headed even lower. The descent was prompted largely by fears that another housing downturn could hamper the ec -- DSNews.com,Admin, 08/27/2010
CoreLogic has announced the launch of its new Short Sale Monitoring Solution. The company says it's the industry's first short sale fraud prevention and pricing technology. The solution alerts -- DSNews.com,Admin, 08/27/2010
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