Mortgage Lending News     Click to continue . . .

  •   Ellie Mae/online Documents Make Strong Entry Into Servicing Market With Loan Modification Solution
Ellie Mae, a leading provider of loan processing software for mortgage brokers, bankers and other third party originators, and its newly acquired subsidiary Online Documents, a leading provider of flexible, compliant electronic mortgage documents and related services to the mortgage industry, are answering the industry’s need for efficient loan modification with a collaborative, end-to-end solution that enables lenders to create and update loan modification closing packages on a real-time basis, while also meeting investor requirements with flexibility, complete accuracy and secure online delivery.
Ellie Mae Inc.,David Lewis,Pleasanton California  11/20/2008

  •   MBA's Courson Welcomes Additional Flexibility On Fha's Hope For Homeowners Program
John A. Courson, Chief Operating Officer of the Mortgage Bankers Association (MBA), today issued this statement following the announcement by Secretary of Housing and Urban Development (HUD) Steve Preston of changes to the Hope for Homeowners program to expand eligibility and lower costs on borrowers and lenders who participate.
Mortgage Bankers Association of America,John Mechem,Washington District of Columbia  11/20/2008

  •   REALTORS(R) Help Buyers, Sellers, With Short Sales Solutions
When families lose their homes to foreclosure, communities, the housing market and the economy all suffer. Short sales are one way that some troubled homeowners can avoid foreclosure, and Realtors(R) at the Short Sales Solutions session today at the 2008 REALTORS(R) Conference & Expo gained valuable insights into how to facilitate these complex sales.
National Association of Realtors,Stephanie Singer,Orlando Fl  11/20/2008

  •   Realtors(R) Against Full Privatization of Fannie Mae and Freddie Mac
To insure that there is sufficient capital to support mortgage lending to qualified borrowers, the National Association of Realtors(R) has adopted principles that recommend continued government involvement in the secondary mortgage market.
National Association of Realtors,Mary Trupo,Washington Dc  11/20/2008

  •   Mortgage Rate Volatility Tapers Off: Rates Stay Relatively Stable During Latter Part of Last Week
Rates Hover Around 6 Percent, According to Zillow(R) Mortgage Rate Monitor
Zillow.com,Katie Curnutte,Seattle Wa  11/20/2008

  •   Outreach Housing LLC Cautions Homeowners Against Waiving Rights in Loan Modification Programs
As the Bush Administration unveils a potentially extensive new program to modify mortgages, one organization remains skeptical -- and urges distressed homeowners to proceed with caution.
Outreach Housing LLC,Blair Wright,Fort Lauderdale Fl  11/20/2008