Mortgage Mag Daily News - 10/31/2004 Today | Archive  

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INDYMAC BANK ANNOUNCES NEW B2B SPANISH WEB SITE
IndyMac Bancorp, Inc. announces their new Spanish B2B microsite, Zona Hipotecaria , specifically designed to provide their bilingual broker, mortgage bank and financial institutions customers with a resource for mortgage product and marketing information in Spanish, enabling them to easily explain IndyMac product features and services to their own Spanish speaking consumers. 10/29/2004 // IndyMac Bank by Ondar Tarlow

Rosenvick announces release of Relationship Partnership Manager (RPM)
Rosenvick, Inc., Makers of AspireGold, has announced the release of Relationship Partnership Manager (RPM), an add-on product to AspireGold. RPM is the first and only software program to offer mortgage professionals an easy way to create "transactional relationships" (link borrower records with transaction party records) in GoldMine. 10/26/2004 // Rosenvick, Inc. by Info

Algorithmic Trading and Direct Market Access
December 8, 2004 - New York City 10/26/2004 // Advanced Execution Strategies by Register

Conestoga Small Cap Fund Receives NASDAQ Ticker Symbol (CCASX)
Conestoga Capital Advisors, LLC, an independent investment advisory firm specializing in the management of small cap equities, has been notified that the open-ended Conestoga Small Cap Fund has been granted the ticker symbol CCASX by the NASDAQ Stock Exchange. 10/26/2004 // Conestoga Capital Advisors by Joseph Mitchell

Hanover Capital Mortgage Holdings Appoints Irma N. Tavares Chief Operating Offic
Hanover Capital Mortgage Holdings, Inc. (AMEX:HCM) announced that Irma N. Tavares was appointed Chief Operating Officer, effective today. 10/26/2004 // Hanover Capital Mortgage Holdings, Inc. by J. Holly Loux

Document Processing eMortgage Studio Powers Electronic Closings
Document Processing Systems eMortgage Studio Powers Fully Paperless, Electronically Registered Closings Mortgage Technology Firm Launches First Commercially Available, Reproducible, Online Closing and Digital Signature System 10/26/2004 // Document Processing Systems, Inc. by Kelly P. Kroll

Stewart and Silanis Launch eClosingRoom(TM) at MBA Conference
First Electronic Closing Application Fully Integrated Into Online Transaction Management System 10/26/2004 // Stewart Information Services Corp. by Ted C. Jones

INDYMAC BANK'S* QUICKPRICER* PROGRAM NOW OFFERS MULTIPLE PRODUCTS FUNCTIONALITY
IndyMac Bancorp, Inc. (NYSE: NDE) ("IndyMac*") announces today that customers can now select multiple loan products when submitting a pre-qualification through QuickPricer, IndyMac's award-winning online pre-qualification, pricing and ratelocking platform. 10/26/2004 // IndyMac Bank by Ondar Tarlow

IR Announces Site at Credit Reporting and Scoring Seminar
Informative Research Launches myMortgageCredit.com to Educate Consumers and Provide a Resource for Loan Originators 10/26/2004 // Informative Research by Sarah Ross

AMCO Introduces eValu PlusSM
eValu PlusSM was created to provide lenders with far more certainty as to whether an upgrade makes sense, while operating fully within USPAP standards and FIRREA regulations. 10/26/2004 // AMCO by Ceil Cohen

Mortgage Credit News 10/22/2004
Long-term Treasury rates broke 4.00% this week (barely: 3.98-.99), which dragged 30-year mortgages to a six-month low: 5.69% with a modest "origination" fee, as reported by Freddie Mac, its time-lagged survey correct for once. 10/26/2004 // Mortgage Credit News by Lou Barnes

GATORS(R) Unit of Fiserv Lending Solutions Introduces On-line Title Abstracting
GatorSearch to streamline title examination process for GATORS(R) users and improve service times to mortgage lenders using title companies with GATORSystems 10/26/2004 // Fiserv Lending Solutions by Brian Rieger

MORTGAGEIT APPOINTS JACK RADIN SENIOR VICE PRESIDENT CAPITAL MARKETS
Taps 24-year mortgage finance veteran to manage capital markets activities for growing national mortgage lender 10/26/2004 // Brainerd Communicators, Inc by Joseph LoBello

National Council of Exchangors October 25, 2004
National Council of Exchangors is a national nonprofit organization dedicated to increasing the productivity of its members and to educating real estate professionals and non-real estate professionals to the benefits of real estate equity marketing or "exchanging" as it is usually called. 10/26/2004 // National Council of Exchangors by John Barta

Bank's First AU Engine Will Meet New Pressure on Correspondents to Turn Loans Mo
ARC Systems of Austin, Texas, a leading mortgage automation provider, has reached an agreement with Sovereign Bancorp, Inc. , headquartered in Philadelphia, to automate their decisioning on purchases of closed loans by Sovereign Finance Company on a bulk and flow basis. 10/26/2004 // ARC Systems by Michael Perna

ABN AMRO Mortgage Group 3rd Qrt Production Approaches $12 Billion
ABN AMRO Mortgage Group, Inc. (AAMG), one of the nation's largest mortgage lenders, today released its third quarter production figures as well as production for the month ended September 30, 2004, for all of its production divisions. 10/26/2004 // ABN AMRO Mortgage Group by Jennifer Cornell

NFL PARTNERS WITH AMERIQUEST MORTGAGE COMPANY
AS OFFICIAL MORTGAGE COMPANY SPONSOR OF THE NFL, AMERIQUEST SPONSORS MULTIPLE EVENTS, INCLUDING SUPER BOWL HALFTIME SHOW, PRO BOWL BALLOTING AND “NFL OPENING KICKOFF” 10/25/2004 // AMERIQUEST MORTGAGE COMPANY by Byron de Arakel

ONLINE APPLICATIONS SPEED DECISIONS AT CAMBRIDGE
If youre a senior housing / healthcare property owner, broker or consultant who is in the market for a loan but would rather dispense with small talk, this idea from Cambridge Realty Capital Companies might appeal to you: 10/25/2004 // Cambridge Realty Capital by Karlene Holleman

HSA Trustee Services Announces Turn-Key HSA Setup Solution for Credit Unions and
With open enrollment season here, there are plenty of companies starting to offer high deductible health plans (HDHP) to their employees. The problem is their HR departments are not working with their credit unions or local banks to see if they could be the trustee for these accounts. 10/25/2004 // HSA Trustee Services by Timothy Morales

Second Annual Workshop Reconciliations and Exception Management
Reconciliations and exception management continue to pose some of the greatest challenges to efficient processing, and are considered leading obstacles to STP. At this workshop you will hear the challenges that are faced by all segments of the financial services industry, as well as practical industry-tested solutions. 10/25/2004 // Securities Operations Forum by Lee Titone

INDYMAC BANK NOW A PREFERRED LENDER ON BYTE LOAN ORIGINATION SYSTEM.
IndyMac Bancorp, Inc. announced today that all IndyMac customers using BYTE* loan origination software (LOS) now have the option to upload loan data from BYTE directly to QuickPricer* and e-MITS*, IndyMac's online loan pricing and decisioning platform. 10/19/2004 // IndyMac Bank by ONDAR TARLOW

Lenders First Choice Title Available as Media Resource
Mortgage Industry's Number One Title Insurance and Settlement Advocate Available as Media Resource Bill Moody of Lenders First Choice available to provide comment and insight on industry issues, including e-Mortgage, alternative title products, and hot mortgage products 10/19/2004 // Lenders First Choice by Bill Moody

New International Cash Transfer Tool Provides Speed, Savings, and Security
Wilson Ramirez of Queens, New York could not believe his ears. His mother in the Dominican Republic had already received the money he sent her just a few minutes ago – without having to leave her home! He had simply transferred money from his WMO Global One card to the card he had sent her, using the telephone, and her account was credited with the money almost immediately. 10/19/2004 // World Market One LLC by Randy Hines

Fannie Mae: Rogue Entity?, Asks CCAGW
Fannie Execs Defied Standard Accounting Principles in Order to Hit Bonus Bonanza 10/19/2004 // Council for Citizens Against Government Waste by Mark Carpenter

For many retirees, Intra-Family Mortgages offer a high-yield alternative.
Smart Retirement Investing: Intra-Family Mortgages Offer a High-Yield Alternative 10/19/2004 // CircleLending by Craig Venezia

INTEREST RATE DIRECTION CHANGE BODES WELL FOR BORROWERS
Senior housing / healthcare borrowers who did not take advantage of low interest rates earlier this year have been granted a reprieve. 10/19/2004 // Cambridge Realty Capital by Karlene Holleman

RMA and PRMIA to Present Annual Conference on Capital Management
The Risk Management Association (RMA) and the Professional Risk Managers' International Association (PRMIA) will present the Annual Conference on Capital Management in New York, November 9-10, at the New York Sheraton Hotel and Towers. 10/19/2004 // RMA by Kathleen M. Beans

Major Breakthrough in Real Estate Buyer Broker Transactions
The Flatbush Real Estate Board will announce a way to facilitate a real estate buyer to use a buyer s broker to which previously was difficult, if not impossible at a special meeting sponsored by the Flatbush Real Estate Board at the Flatbush Council Building, 3915 Flatlands Avenue, at 10 a.m. Wednesday, Sep. 29, 2004. 10/19/2004 // AGA Capital by David Rubin

GoECart.com Partners with GeoTrust for Web Security
On-Demand e-Commerce Solution Provider Teams with Leading Managed Services Certificate Authority to Offer SSL Certificates for Secure Transactions 10/19/2004 // GOECART SHOPPING CART SOFTWARE by Manish Chowdhary

Buying a Foreclosure Property Below Market Value: Five Tips from the Pros
House hunting can be a very daunting experience, especially in today s real estate market. Both investors and home buyers have been priced out of the market by escalating costs, and good real estate deals are increasingly difficult to find. But there are bargains out there, for people who know where to look. 10/19/2004 // RealtyTrac by jennifer white

Hall Settlement Systems Announces Availability of eTitleAxis(TM)
Advanced Software Enables Title Companies to Reduce Production Costs And Also Increase Customer Acquisition and Retention 10/19/2004 // Hall Settlement Systems by Helen Pitts

California Equities using OpenClose MTG
California Equities using OpenClose MTG to take wholesale efforts "to the next level," and bolster business. SoCal mortgage bank utilizing private-labeled broker portal to help it grow from local to national lender 10/19/2004 // OpenClose MTG by Frank Bocchino

Mortgage Brokers Respond to Today’s Congressional Hearing
Mortgage Brokers Respond to Today’s Congressional Hearing On “Mortgage Fraud and its Impact on Mortgage Lenders” A Statement by NAMB President Bob Armbruster 10/19/2004 // National Asso of Mortgage Brokers by Karen Tyson

TransLand Financial Services Streamlines Mortgage Processes
iDatix(R) Corporation, a leading provider of business process automation solutions for the paperless enterprise, announced today that TransLand Financial Services has fully implemented iSynergy Mortgage, its fully integrated product suite for the mortgage industry. 10/19/2004 // iDatix Corporation by Marci Williamson

Behavioral Finance Comes Under the Spotlight in Landmark Issue
Institutional Investor announces the publication of its special 30th Anniversary Issue of the market-leading The Journal of Portfolio Management. 10/19/2004 // The Journal of Portfolio Management by Anne O’Brien

The Credit Alternative Group s New Product Eases Consumers Navigation of Credit
The Credit Alternative Group’s New Product Eases Consumers Navigation of Credit Report Issues The Credit Alternative Group is excited to announce the launch of it's Value-Packed Credit Tool - CD Pack of Sample Letters to Rebuild and Restore Credit History & Score 10/19/2004 // The Credit Alternative Group by Lathea Morris

Mortgage Credit News 10/8/2004
Job creation in September remained on the thin side, and mortgage rates are still safely in the fives -- 5.75% on the lowest-fee 30-year deals. 10/19/2004 // Mortgage Credit News by Lou Barnes

WellFound and Decade Merge to Create Integration Powerhouse
Merger Establishes Company as Top Mortgage Integration Provider 10/19/2004 // WellFound Decade Corporation by Tom Litke

DKI Names New Regional Marketing Director
Disaster Kleenup International, Inc., North America's leading network of quality, independent property damage restoration contractors, has strengthened its team with the appointment of Summer Street as a new Regional Marketing Director. Street will be responsible for sales, marketing and industry-relations activities for the company, principally in the Midwestern United States. 10/19/2004 // Disaster Kleenup International, Inc. by Stacy Walsh

AllRegs names Jeff Hoerster President/COO, Patrick Wilson Sales Manager
AllRegs, the leading online publisher of reference information for the mortgage industry, recently named Jeff Hoerster as its new President/COO and Patrick Wilson as Sales Manager 10/19/2004 // AllRegs by Glenn Ford

Harbourton Selects Portellus to Provide Web-Based Loan Origination
Harbourton Mortgage Selects Portellus to Provide Web-Based Loan Origination, Business Rules Management Systems Ease-of-Use, Flexibility Cited as Key Factors in Decision; Portellus Offers First Truly Modular, Flexible Enterprise Lending Solution 10/19/2004 // Portellus Corporation by Information

InterFirstlink Expands Products to Community Banks
Interest-Only and LIBOR ARMs Now Available 10/19/2004 // ABN AMRO Mortgage Group by Jennifer Cornell

MachroTech to Sponsor Search Engine Strategies Conference
MachroTech, a leading Internet Marketing and Software products and services company, announced today that it is a premier sponsor of the Search Engine Strategies Conference & Expo to be held at The Hilton hotel in New York City between February 28 - March 3, 2005. 10/19/2004 // MachroTech by Manish Chowdhary

TransUnion Introduces Two Options of Desktop Valuations
Residential Mortgage Lenders Can Choose an Appraiser or Analyst to Review AVM Data 10/19/2004 // TransUnion by Allison Smith

LION, Inc. Completes Acquisition of Tuttle Risk Management Services, Inc.
Acquisition Solidifies Position as a Leading Provider of Mortgage Risk Management Solutions 10/19/2004 // LION, Inc. by Dave Stedman

Mortgage Credit News 10/15/2004
Long-term interest rates made another run at the lows of the year, the 10-year T-note approaching 4.00%, mortgages briefly below 5.75%, but today both moved back up toward the baseline bottom of the last couple of months, aided by a speech by Mr. Greenspan in which he indicated little concern for oil supplies or prices. 10/19/2004 // Mortgage Credit News by Lou Barnes

LEHMAN LEADS INSTITUTIONAL INVESTOR’S ALL-AMERICA RESEARCH TEAM FOR SECOND YEAR
For a second consecutive year, Lehman Brothers takes first place in Institutional Investor magazine’s All-America Research Team survey, with 51 positions on the team. 10/19/2004 // Lehman Brothers by Kim Lemmonds

mortgage.com Offers Home Buyers LIBOR and Interest-Only Loans
ABN AMRO Mortgage Group, Inc., recently successfully completed the roll-out of two new retail lending products through mortgage.com. The new, consumer-friendly products are interest-only and LIBOR (London Inter-Bank Offer Rate) adjustable rate mortgage (ARM) loans. 10/19/2004 // ABN AMRO Mortgage Group by Jennifer Cornell

Simple Remote R/E Software Utilizes Guide2mortgage.com Lender Search Technology
Guide2mortgage.comsm Will Provide Simple Remote Users with Access to Commercial Mortgage Lenders Faster, Easier 10/19/2004 // Guide2mortgage.com by Information

E-tailing Solutions: Onlinesg launches diamond e-commerce site
Online Sales Group (OSG) is the group company of the Atlogix conglomerate having presence in five countries around the world having a wide network of activities. Atlogix markets lifestyle products through its e-tailing channels mainly to the markets of the USA and Canada. 10/19/2004 // Online Sales Group by onlinesg

Mortgage Credit News 10/1/2004
Long-term rates are off the floor: the 10-year T-note is rising toward 4.20%, which is taking low-fee mortgages north of 5.75%. 10/19/2004 // Mortgage Credit News by Lou Barnes

AEM to Debut in Vegas
St. Louis-based mortgage banker to open first Nevada branch in Las Vegas this week 10/19/2004 // Millennium Communications, Inc. by Kerri M. Harbers