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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
Tax
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| Rank: -1900 CID: 113578 New: 12/31/2001 Mod: 12/31/2001 | ||
| Rank: -2068 CID: 120248 New: 10/28/2004 Mod: 10/28/2004 | ||
| Rank: -2210 CID: 119338 New: 06/08/2004 Mod: 06/08/2004 | ||
| Rank: -2263 CID: 119027 New: 04/16/2004 Mod: 04/16/2004 | ||
| Rank: -2309 CID: 110124 New: 11/17/2000 Mod: 11/17/2000 | ||
| Rank: -2452 CID: 108317 New: 06/27/2000 Mod: 06/27/2000 | ||
| Rank: -2489 CID: 109526 New: 10/18/2000 Mod: 10/18/2000 | ||
| Rank: -2690 CID: 84325 New: 11/02/1999 Mod: 11/02/1999 | ||
| Rank: -2741 CID: 115103 New: 09/16/2002 Mod: 09/16/2002 | ||
| Rank: -2859 CID: 72771 New: 05/17/1999 Mod: 05/17/1999 | ||
| Rank: -2879 CID: 72297 New: 04/27/1999 Mod: 04/27/1999 | ||
| Rank: -2890 CID: 72008 New: 04/16/1999 Mod: 04/16/1999 | ||
| Rank: -2914 CID: 62529 New: 02/01/1999 Mod: 02/01/1999 | ||
| Rank: -3300 CID: 112373 New: 06/14/2001 Mod: 06/14/2001 | ||
| Rank: -3415 CID: 111148 New: 02/19/2001 Mod: 02/19/2001 | ||
| Rank: -3429 CID: 111025 New: 02/05/2001 Mod: 02/05/2001 | ||
| Rank: -3433 CID: 110992 New: 02/01/2001 Mod: 02/01/2001 | ||
| Rank: -3436 CID: 118558 New: 02/03/2004 Mod: 02/03/2004 | ||
| Rank: -3776 CID: 106795 New: 02/24/2000 Mod: 02/24/2000 | ||
| Rank: -3807 CID: 103601 New: 01/24/2000 Mod: 01/24/2000 | ||
| Rank: -3854 CID: 103112 New: 12/08/1999 Mod: 12/08/1999 | ||
| Rank: -3863 CID: 84794 New: 11/29/1999 Mod: 11/29/1999 | ||
| Rank: -4083 CID: 97442 New: 06/07/1996 Mod: 06/07/1996 | ||
| Rank: -4100 CID: 96601 New: 05/21/1996 Mod: 05/21/1996 | ||
| Rank: -4213 CID: 61896 New: 12/14/1998 Mod: 12/14/1998 | ||
| Rank: -4225 CID: 61362 New: 12/02/1998 Mod: 12/02/1998 | ||
| Rank: -4225 CID: 61443 New: 12/02/1998 Mod: 12/02/1998 | ||
| Rank: -4353 CID: 45786 New: 07/27/1998 Mod: 07/27/1998 | ||
| Rank: -4657 CID: 11307 New: 09/26/1997 Mod: 09/26/1997 | ||
| Rank: -4835 CID: 107311 New: 04/05/2000 Mod: 04/05/2000 | ||
| Rank: -5833 CID: 109852 New: 10/24/2000 Mod: 10/24/2000 | ||
| Rank: -6132 CID: 8313 New: 07/13/1997 Mod: 07/13/1997 | ||
| Rank: -6383 CID: 97402 New: 06/07/1996 Mod: 06/07/1996 | ||
| Rank: -6400 CID: 96603 New: 05/21/1996 Mod: 05/21/1996 | ||

