Financial Planning
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Industry Daily News
Mortgage Lending News Click to continue . . .
• HUD brings on Michaelson, Connor & Boul Inc. (MCB) as mortgagee compliance manager
The U.S. Department of Housing & Urban Development (HUD) has announced the agency is contracting with Michaelson, Connor & Boul Inc. (MCB) of Huntington Beach, Calif. to serve as a mortgagee compliance manager. MCB will be responsible for ensuring that Federal Housing Administration (FHA)-approved lenders and loan servicers convey foreclosed properties to the FHA in acceptable condition.
NationalMortgageProfessional.com,NMP Media Services, 03/19/2010
• Garrett Reintroduces Covered Bond Bill to Spur Mortgage Financing
With financing for both residential and commercial real estate mortgages still tight, and the securitization market all but stagnant by historical standards, policymakers have been pushing lenders to get the wheels of finance churning again. It's a fine line to walk with new regulatory compliance issues and constrained capital, but Rep. Scott Garrett thinks he has the answer - covered bonds. They represent a $3 trillion market and are a major source of mortgage liquidity among European nations.
DSNews.com,Admin, 03/19/2010
• UnitedTech Lender Services Names VP of Valuations
UnitedTech Lender Services, Inc. (UTLS) has appointed Bradley Coburn VP of valuations. Coburn's experience includes working with both high-profile lending institutions and the appraisal/valuation real estate sector.
DSNews.com,Admin, 03/19/2010
• Fannie Mae Reports on Activities in 2009, Changes Outlook for 2010
In two separate reports released this week, Fannie Mae took a look at the past and made predictions for the future. On Thursday, the government-sponsored enterprise (GSE) released "Helping Housing Recover: A Report on Fannie Mae's Mission Performance," describing the company's efforts to provide liquidity, stability, and affordability to the nation's housing finance system. On Wednesay, the GSE released its March 2010 Economic Outlook, cutting its mortgage origination predictions for this year.
DSNews.com,Admin, 03/19/2010
• First `ROOF` Agreement Signed
The first Retaining Occupancy on Foreclosure (ROOF) Agreement was recently signed in the city of Detroit. Created to help combat the blight problems in Detroit by cutting down on the number of homes left vacant after foreclosure, the goal of the program is to salvage Detroit neighborhoods and greatly reduce the number of vacant homes by keeping foreclosed homes occupied by either the owner or tenant until the property is sold at an REO sale.
DSNews.com,Admin, 03/19/2010
• Collapse in Home Prices Hits Overvalued Markets Hardest
Home prices in extremely overvalued U.S. metropolitan areas declined nearly 37 percent on average between 2005 and the fourth quarter 2009, according to IHS Global Insight.
At the peak of the bubble, nearly half of the metros in IHS' study were considered "overvalued." Now, not a single market can make that claim. In fact, nationally, the company says housing is 8.9 percent undervalued. And new data from Altos Research suggests that prices in many of the hardest-hit markets are still on a slippery downward slope.
DSNews.com,Admin, 03/19/2010
Industry Jobs & Resumes
Financial Planning
| Rank: -834 CID: 402052 New: 06/20/2008 Mod: 06/23/2008 | ||
| Rank: -1010 CID: 119302 New: 06/08/2004 Mod: 06/08/2004 | ||
| Rank: -1197 CID: 118173 New: 12/04/2003 Mod: 12/04/2003 | ||
| Rank: -1289 CID: 117518 New: 09/03/2003 Mod: 09/03/2003 | ||
| Rank: -1370 CID: 123316 New: 11/15/2006 Mod: 11/15/2006 | ||
| Rank: -1537 CID: 122555 New: 04/12/2006 Mod: 04/12/2006 | ||
| Rank: -2312 CID: 118013 New: 11/19/2003 Mod: 11/19/2003 | ||
| Rank: -2312 CID: 118040 New: 11/19/2003 Mod: 11/19/2003 | ||
| Rank: -2462 CID: 118034 New: 11/19/2003 Mod: 11/19/2003 | ||
| Rank: -2568 CID: 117081 New: 06/16/2003 Mod: 06/16/2003 | ||
| Rank: -2749 CID: 115785 New: 12/17/2002 Mod: 12/17/2002 | ||
| Rank: -2763 CID: 115690 New: 12/03/2002 Mod: 12/03/2002 | ||
| Rank: -2763 CID: 115696 New: 12/03/2002 Mod: 12/03/2002 | ||
| Rank: -2785 CID: 115537 New: 11/11/2002 Mod: 11/11/2002 | ||
| Rank: -2799 CID: 115375 New: 10/28/2002 Mod: 10/28/2002 | ||
| Rank: -2825 CID: 114698 New: 06/24/2002 Mod: 06/24/2002 | ||
| Rank: -2841 CID: 115100 New: 09/16/2002 Mod: 09/16/2002 | ||
| Rank: -2907 CID: 70425 New: 03/30/1999 Mod: 03/30/1999 | ||
| Rank: -3041 CID: 113957 New: 02/28/2002 Mod: 02/28/2002 | ||
| Rank: -3132 CID: 48024 New: 08/17/1998 Mod: 08/17/1998 | ||
| Rank: -3199 CID: 400958 New: 01/10/2008 Mod: 01/10/2008 | ||
| Rank: -3268 CID: 112624 New: 07/16/2001 Mod: 07/16/2001 | ||
| Rank: -3490 CID: 108913 New: 08/28/2000 Mod: 08/28/2000 | ||
| Rank: -3851 CID: 116173 New: 02/03/2003 Mod: 02/03/2003 | ||
| Rank: -4020 CID: 76916 New: 08/14/1999 Mod: 08/14/1999 | ||
| Rank: -4027 CID: 75476 New: 06/18/1999 Mod: 06/18/1999 | ||
| Rank: -4089 CID: 72047 New: 04/17/1999 Mod: 04/17/1999 | ||
| Rank: -4168 CID: 62485 New: 01/28/1999 Mod: 01/28/1999 | ||
| Rank: -4199 CID: 62027 New: 12/28/1998 Mod: 12/28/1998 | ||
| Rank: -4220 CID: 61477 New: 12/07/1998 Mod: 12/07/1998 | ||
| Rank: -4220 CID: 61497 New: 12/07/1998 Mod: 12/07/1998 | ||
| Rank: -4504 CID: 40621 New: 02/26/1998 Mod: 02/26/1998 | ||
| Rank: -4661 CID: 9091 New: 09/22/1997 Mod: 09/22/1997 | ||
| Rank: -4661 CID: 9108 New: 09/22/1997 Mod: 09/22/1997 | ||
| Rank: -6436 CID: 63224 New: 03/01/1999 Mod: 03/01/1999 | ||
| Rank: -6608 CID: 48652 New: 09/10/1998 Mod: 09/10/1998 | ||