Mortgage Lending News     Click to continue . . .

  •   Statement By Tom Lund Executive Vice President - Single-family Mortgage Business On Fdic Announcement
With the FDIC's announcement today, Fannie Mae (NYSE:FNM) will begin to allow institutions servicing our mortgage-backed securities (MBS) to continue to hold the principal and interest payments from loans in our MBS in eligible depository institutions, thereby freeing additional liquidity for these institutions and the financial system. Recently, Fannie Mae exercised its option to collect the principal and interest on its MBS from certain institutions on a daily basis and place the payments in a trust account to safeguard the funds on behalf of the MBS holders. Given that the FDIC's new policy effectively safeguards these principal and interest payments, we believe collecting the payments daily and holding them in trust may no longer be necessary. We will begin working with our customers to effectuate this change, consistent with our trust agreements and servicing guide.
Fannie Mae ,Brian Faith,Washington Wa  10/13/2008

  •   Partial Tax Exemption Will Unleash The Free Market And Buoy Our Damaged Credit Markets
The following release is being issued by John Blake, Registered Investment Advisor:
John Blake ,John Blake,Irvine Ca  10/13/2008

  •   Acorn Response To Senator Mccain's Smear Ad
ACORN President Maude Hurd released the following statement today in response to the McCain campaign's new ad claiming that, among other things, ACORN is responsible for the mortgage crisis:
Association of Community Organizations for Reform Now (,Brian Kettenring,Washington Dc  10/13/2008

  •   Treasury Statement On Financial Support To The Banking Industry
With continuing exceptional instability in the global financial markets, the Government is today taking decisive action, by implementing the comprehensive set of measures it announced on 8 October, to make commercial investments in UK banks and building societies to help stabilise their position and support the long term strength of the economy.
Treasury Press Office on ,,London. Uk   10/13/2008

  •   Treasury Statement On Financial Support To The Banking Industry
With continuing exceptional instability in the global financial markets, the Government is today taking decisive action, by implementing the comprehensive set of measures it announced on 8 October, to make commercial investments in UK banks and building societies to help stabilise their position and support the long term strength of the economy.
Treasury Press Office on ,,London. Uk   10/13/2008

  •   Fnc Technology Enables Regulatory Compliance For Vmcs
Now, more than ever, vendor management companies (VMCs) are concerned about being able to prove they're fair and impartial when placing valuation orders, especially in light of recently proposed guidelines designed to further enforce appraiser independence.
FNC, Inc. ,Bill Dabney,Oxford Ms  10/13/2008