Mortgage Lending News
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• Mortgage Credit News - July 3, 2008
The immediate credit market response to a wave of new economic data is as-was, lowest fee mortgages 6.50%, 10-year T-note just under 4.00%.
However, this week marks very significant change: economic decline here and in Europe is now beyond argument, and the decline is fighting inflation for the Fed and ECB, neither of which needs to raise its rate further.
Boulder Mortgage Bank,Lou Barnes,Boulder Colorado 07/04/2008
• Lend America Receives Approval For Ginnie Mae Issuer Status
Under goes extensive approval process to position itself to further help borrowers - Significant proof point on quality and strength of business
LendAmerica,Mary McPhall,Melville NY 07/01/2008
• HFF arranges $33.34 million recapitalization for Inland Empire multifamily communities
The Orange County office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it arranged recapitalizations totaling $33.34 million for two multifamily communities in California`s Inland Empire, Sunscape Apartment Homes in Alta Loma and Linden Court Townhomes in Rialto.
HFF (Holliday Fenoglio Fowler, L.P.),Laurie Fish McDowell,Irvine CA 07/01/2008
• Amerisave Mortgage New Comp Plan
Our new Comp plan will be going into affect tomorrow! With our new comp plan you can now make up to 38% in overrides alone! Contact me for details or visit www.amerisavecareers.com
Amerisave Mortgage Corp.,Kyle Zotter,Atlanta GA 06/30/2008
• Nationwide Mortgage Licensing System Expands to 14 States
The Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR) announce that six more states -- Connecticut, Louisiana. Mississippi, North Carolina, New Hampshire and Vermont -- will begin using the Nationwide Mortgage Licensing System (NMLS) beginning July 1st.
Conference of State Bank Supervisors CSBS,Bill Matthews,WASHINGTON DC 06/30/2008
• Mortgage Lending Options For CUs Available Through Renewed Freddie Mac/CUNA Alliance
A critical package of services to help credit unions manage their mortgage business in today's distressed credit markets will remain available through the renewed alliance agreement between CUNA and Freddie Mac (NYSE:FRE) , one of the nation's largest investors in residential mortgages.
Freddie Mac,Sharon Barnet,Reston Virginia 06/30/2008
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