Mortgage Banking March 31, 2010
The Federal Reserve will stop buying mortgage-backed securities today, and experts can’t agree on whether interest rates will rise as a result of the move. When the financial crisis hit, investo -- MortgageLatestNews,Admin, 03/31/2010
Refinancing a home loan is an extremely stressful process for anyone, but for the men and women of the military, the process can be especially difficult. American service members often work with eve -- MortgageLatestNews,Admin, 03/31/2010
Prudential Mortgage Capital Company and Johnson Capital have announced the creation of Prudential Johnson Apartment Capital Express, a strategic partnership that combines the strengths of Prudential a -- NationalMortgageProfessional.com,NMP Media Services, 03/31/2010
The Federal Reserve's role as buttress and benefactor of the nation's mortgage debt market comes to an end today. Since November 2008, the central bank has been the market's No. 1 patron, -- DSNews.com,Admin, 03/31/2010
The government recently ramped up its efforts to help at-risk borrowers, but according to a recent opinion poll by Destin, Florida-based Housing Predictor, that's not what the majority of people w -- DSNews.com,Admin, 03/31/2010
HOPE NOW announced Wednesday that its members completed an estimated 95,586 proprietary loan modifications in February 2010, which is almost double the 52,905 modifications completed under the Home Af -- DSNews.com,Admin, 03/31/2010
In its 12-month home price forecast issued Wednesday, Veros Real Estate Solutions said it had "continued bad news for Florida."
Markets in the Sunshine State claimed the top five spots on -- DSNews.com,Admin, 03/31/2010
MRG Document Technologies (MRG), a Dallas-based provider of mortgage document preparation and compliance technology to lenders across the nation, recently announced that it has been named a RegulatorC -- DSNews.com,Admin, 03/31/2010
Altisource Portfolio Solutions announced Tuesday that First Associates, Inc. has implemented its REALRemit solution, an automated e-commerce invoicing and borrower payment portal, to manage accounts p -- DSNews.com,Admin, 03/31/2010
Retreat Capital Management Group, a Lake Forest, California-based provider of loss mitigation and portfolio management products, announced Tuesday that it is now offering property preservation service -- DSNews.com,Admin, 03/31/2010
Economic factors, such as unemployment and consumers' controlled spending, continue to weigh heavy on the commercial real estate sector and drag down fundamentals, but the rate of deterioration ap -- DSNews.com,Admin, 03/31/2010
Mortgage Features Single Interest Rate, No Payments for Three Months, No Lender Fees and Low Down Payment -- BBVA Compass,Ed Bilek,Birmingham Alaska 03/31/2010
Receive emails when rates reach your target -- LendingTree,Mona M. Marimow,Charlotte N.c. 03/31/2010
The Association of Mortgage Investors supports the program announced by the Obama Administration to provide a path for reduced principal through a refinancing program for homeowners who are "under -- Patton Boggs,Rebecca Carr,Washington 03/31/2010
Moody’s credit rating agency downgraded five Greek banks on Wednesday, saying their finances will suffer from the effects of the country’s public debt crisis — including painful auster -- MortgageLatestNews,Admin, 03/31/2010
The US economy shed 23,000 private-sector jobs in March, a payrolls firm said Wednesday in a report that was dramatically worse than market expectations. Non-farm private payrolls fell 23,000 in March -- MortgageLatestNews,Admin, 03/31/2010
The Mortgage Bankers Association (MBA) has released its Weekly Mortgage Applications Survey for the week ending March 26, 2010. The Market Composite Index, a measure of mortgage loan application volu -- NationalMortgageProfessional.com,NMP Media Services, 03/31/2010
Credit Plus Inc. has announced that its customers can obtain direct access to the Federal Housing Administration (FHA) TOTAL (Technology Open to Approved Lenders) Scorecard through its innovative tech -- NationalMortgageProfessional.com,NMP Media Services, 03/31/2010
At a briefing of state housing counselors held at the HomeFree-USA office in Prince George’s County in Maryland, Congressman Steny Hoyer and Maryland Department of Housing & Urban Developmen -- NationalMortgageProfessional.com,NMP Media Services, 03/31/2010
Florida has been aptly dubbed one of the nation's foreclosure hotspots, and its courts have a wall of foreclosure cases to back up that claim. The backlog has gotten so bad, that it's pushed t -- DSNews.com,Admin, 03/31/2010
Fannie Mae has extended its contract with Lenders One Mortgage Cooperative as a preferred investor.
Lenders One is a national alliance of mortgage bankers, correspondent lenders, and suppliers of -- DSNews.com,Admin, 03/31/2010
The Wolf Firm, an AV-rated law firm serving the financial services community in California, recently announced the expansion of its litigation department and welcomed two new attorneys to its team: Jo -- DSNews.com,Admin, 03/31/2010
Although the real estate market still has a long way to go on the road to recovery, confidence in the market is increasing, according to the March 2010 Real Estate Confidence Index (RECI) survey relea -- DSNews.com,Admin, 03/31/2010
Following two consecutive weeks of decreased activity, mortgage application volume increased 1.3 percent for the week ending March 26, 2010, the Mortgage Bankers Association (MBA) reported Wednesday. -- DSNews.com,Admin, 03/31/2010
Polunsky & Beitel LLP, one of the nation's leading mortgage law firms, is pleased to announce that firm attorney Lauren R. Polunsky has earned a spot on the 2010 Texas Rising Stars listing of the -- McCarthy, Holthus, Hosch, Baum, Goldberg & Ackerman, LLP,Alan Bentrup,San Antonio 03/31/2010
American Financial Resources Inc., a nationwide mortgage lender has selected Timios Inc., as their exclusive agent to conduct closings and escrow services for all residential mortgages where permitted -- American Financial Resources, Inc.,Kevin Darnell,Parsippany N.j. 03/31/2010
FT. LAUDERDALE, FL, March 31, 2010 /24-7PressRelease/ -- Gold Star Mortgage Financial Group, a leading national mortgage banker, has opened an office in Ft. Lauderdale, Fla. -- 24/7 Press Release Newswire,24/7 Media, 03/31/2010
The delinquent unpaid balance for commercial mortgage backed securities (CMBS) increased to $47.82 billion in February, according to investment rating agency Realpoint, LLC. The overall delinquent unp -- DSNews.com,Admin, 03/30/2010
Atlanta-based ZC Sterling Corporation, a specialty insurance solutions provider for the residential mortgage servicing and insurance industries, has announced its transition to a new name, Sterling Na -- DSNews.com,Admin, 03/30/2010
As part of an effort to provide technology solutions for RESPA challenges, Caliber Funding, LLC, a national wholesale and retail lender based in Tucson, Arizona, has launched an originator forms featu -- DSNews.com,Admin, 03/30/2010
The Treasury Market Practices Group (TMPG), an organization created by the New York Federal Reserve to advise on the trading of Treasury bonds, announced Tuesday that it is expanding its scope to incl -- DSNews.com,Admin, 03/30/2010
Various HOPE NOW servicers, including Bank of America, Chase, Citi, GMAC, Suntrust, Wells Fargo, and others, assisted more than 1,300 troubled borrowers during three homeownership preservation events -- DSNews.com,Admin, 03/30/2010
The recent surge in community bank failures has been widely attributed to small and mid-size lenders' high concentrations of commercial real estate (CRE) loans. The impact that the sector's co -- DSNews.com,Admin, 03/30/2010
In an announcement Tuesday, Real Estate Disposition Corporation (REDC) said foreclosure sales for its lending and banking clients soared this past week in nationwide live and online auctions, which ge -- DSNews.com,Admin, 03/30/2010
Knight Capital Group, Inc., a global financial services firm based in Jersey City, New Jersey, announced Tuesday that it has agreed to acquire Urban Financial Group, Inc., a privately-held, independen -- DSNews.com,Admin, 03/30/2010
Countdown To Buy, a next generation online real estate marketplace based in Bethel, Connecticut, announced Tuesday that it successfully generated accepted offers on foreclosed properties in 30 days or -- DSNews.com,Admin, 03/30/2010
U.S. manufacturing executives have a brighter outlook on the economic recovery than do their colleagues in the European Union or the service sector, according to a study released on Tuesday. But that -- MortgageLatestNews,Admin, 03/30/2010
Monetary policy is not an effective tool for pricking asset bubbles, but central banks without authority to supervise banks may have no alternative, Chicago Federal Reserve President Charles Evans s -- MortgageLatestNews,Admin, 03/30/2010
The National Community Reinvestment Coalition (NCRC) has testified before the House Oversight and Government Reform Committee, which has opened an investigation into Making Home Afforda -- NationalMortgageProfessional.com,NMP Media Services, 03/30/2010
Nichols Kaster PLLP has filed a putative nationwide class action lawsuit on behalf of loan officers who worked for Guardian First Funding Group LLC. The lawsuit was filed in the U.S. District Court fo -- NationalMortgageProfessional.com,NMP Media Services, 03/30/2010
The commercial real estate market had been described by many as a “tsunami” and “the next shoe to drop.” The ocean has receded and curious onlookers are gathering at the shore, -- NationalMortgageProfessional.com,NMP Media Services, 03/30/2010
Start: 04/18/2010 End: 04/19/2010 Timezone: America/New York Start: 04/18/2010 End: 04/19/2010 Timezone: America/New York The North Carolina As -- NationalMortgageProfessional.com,NMP Media Services, 03/30/2010
Retreat Capital Management Group, an end-to-end provider of loss mitigation and portfolio management products and other services for lenders, servicers, asset managers and investors, is now offering p -- NationalMortgageProfessional.com,NMP Media Services, 03/30/2010
Attorney Kelly M. Dermody of Lieff Cabraser Heimann & Bernstein LLP has announced the filing of a class action lawsuit charging that JP Morgan Chase & Company (Chase) had a common practice of -- NationalMortgageProfessional.com,NMP Media Services, 03/30/2010
Many of you have asked if the National Association of Mortgage Brokers (NAMB) has changed its position regarding the Home Valuation Code of Conduct (HVCC). The answer is a resounding “No!” -- NationalMortgageProfessional.com,NMP Media Services, 03/30/2010
Countdown to Buy, a next generation online real estate marketplace that offers a fair and effective way to buy and sell properties, has announced that it successfully generated accepted offers on fore -- NationalMortgageProfessional.com,NMP Media Services, 03/30/2010
Altisource Portfolio Solutions, an end-to-end provider of products and services for the mortgage industry, has announced that consumer loan servicing firm First Associates Inc. has implemented Altisou -- NationalMortgageProfessional.com,NMP Media Services, 03/30/2010
More than a dozen HOPE NOW servicers, including Bank of America, Chase, Citi, GMAC, Suntrust, Wells Fargo and others, assisted more than 1,300 homeowners from across the Pacific Northwest, during thre -- NationalMortgageProfessional.com,NMP Media Services, 03/30/2010
Home prices in the U.S. rose again in January, marking the eighth consecutive month of increases, Standard & Poor's closely watched index showed Tuesday. On a seasonally adjusted basis, the 10-cit -- DSNews.com,Admin, 03/30/2010
The Wisconsin Office of the Commissioner of Insurance has taken control of mortgage bond insurer Ambac Assurance Corp.'s "most troubled holdings," as the insurance commissioner phrased it. -- DSNews.com,Admin, 03/30/2010
Knight Capital Group Inc. has announced that it has agreed to acquire Urban Financial Group Inc., a privately-held, independent mortgage company. An originator of direct and brokered residential mortg -- NationalMortgageProfessional.com,NMP Media Services, 03/30/2010
BBVA Compass has introduced the First-Time Homebuyer Mortgage, a product designed to help make one of the biggest financial decisions in life, simple. The First Time Home Buyer Mortgage is built with -- NationalMortgageProfessional.com,NMP Media Services, 03/29/2010
For many investors, owner-occupancy is considered to be a leading indicator of loan and deal performance and an important criterion for determining if loans are eligible for modification. But accordin -- DSNews.com,Admin, 03/29/2010
The Treasury Department's supplemental directives for the Home Affordable Modification Program (HAMP) has placed increased requirements on lenders and servicers helping distressed borrowers. But H -- DSNews.com,Admin, 03/29/2010
First American CoreLogic estimates that the typical underwater homeowner will not begin to surface until late 2015 to early 2016. It's an even longer stretch for some of the most depressed markets -- DSNews.com,Admin, 03/29/2010
In hopes of stimulating the local housing market, Broward County in South Florida, which had the state's third-highest foreclosure rate in February, recently launched a new Web site to auction off -- DSNews.com,Admin, 03/29/2010
The U.S. Department of the Treasury announced Monday that it is ready sell off its 27 percent ownership stake in Citigroup. The Wall Street bank was one of the biggest bailout recipients among financi -- DSNews.com,Admin, 03/29/2010
Marshall & Ilsley Corporation (M&I), a diversified financial services corporation headquartered in Milwaukee, announced Monday that it has extended its foreclosure moratorium an additional 90 days â -- DSNews.com,Admin, 03/29/2010
Pacific Union International, Inc., a real estate firm headquartered in the San Francisco Bay Area, announced Monday the appointment of Patrick Barber as president of the company. In his new position, -- DSNews.com,Admin, 03/29/2010
The Mortgage Bankers Association (MBA) announced that it will move to a new headquarters in Washington, D.C. in early June. Last month, MBA opted to sell its current headquarters to the CoStar Group f -- DSNews.com,Admin, 03/29/2010
China’s annual economic growth will reach 12 percent this quarter, a government researcher said in remarks published on Monday, as economists ratchet up growth forecasts following strong industr -- MortgageLatestNews,Admin, 03/29/2010
Stocks rose Monday after an increase in consumer spending boosted confidence in the economy. The Dow Jones industrial average rose about 45 points in afternoon trading. Broader indexes also climbed. T -- MortgageLatestNews,Admin, 03/29/2010
Fairway Independent Mortgage Corporation has promoted Paul Walnick to president of mortgage operations and Dan Cutaia to president of capital markets and risk management. The promotions of both mortga -- NationalMortgageProfessional.com,NMP Media Services, 03/29/2010
American Financial Resources Inc., a nationwide mortgage lender, has selected Timios Inc., as their exclusive agent to conduct closings and escrow services for all residential mortgages where permitte -- NationalMortgageProfessional.com,NMP Media Services, 03/29/2010
State and federal regulators closed the doors on four more community banks over the weekend - in Florida, Arizona, and two in Georgia. This latest round of closures brings the number of names on the F -- DSNews.com,Admin, 03/29/2010
Mortgage fraud remains a major problem in many U.S. cities, but the fight against it is growing.
Last week, representatives of the Financial Fraud Enforcement Task Force met in Phoenix for the sec -- DSNews.com,Admin, 03/29/2010
NewOak Capital LLC recently announced the appointment of Donald H. Layton as senior advisor and co-chairman of its investment committee. Layton will take a lead role in developing the firm's priva -- DSNews.com,Admin, 03/29/2010
The administration announced Monday that it is expanding its initiative to provide funding for state housing finance agencies to develop their own localized mortgage assistance programs.
A second -- DSNews.com,Admin, 03/29/2010
DiamondRock Hospitality Company ("DiamondRock") (NYSE:DRH) today announced it amended certain provisions of the limited recourse mortgage loan (the "Loan") secured by Frenchman's R -- DiamondRock Hospitality Company,Chris King,Bethesda Md. 03/29/2010
On Wednesday, March 24, 2010, Bank of America announced that it will forgive some troubled mortgages debt in order to provide assistance in stabilizing the economy and housing market, reports Solomon -- Solomon Finance,Mia Nguyen,Pittsburgh 03/29/2010
Preet Bharara, the United States Attorney for the Southern District of New York, announced that Marina Dubin, a real estate paralegal, was sentenced yesterday to two concurrent three-year prison sente -- U.S. Department of Justice,Yusill Scribner,New York 03/29/2010
COLORADO SPRINGS, CO, March 28, 2010 /24-7PressRelease/ -- When a consumer is interested in filing bankruptcy, they will normally contact a bankruptcy attorney in their area or simply walk into their -- 24/7 Press Release Newswire,24/7 Media, 03/28/2010
The following remarks by Attorney General Eric Holder were released by the U.S. Department of Justice: -- U.S. Department of Justice,U.S. Department of Justice Office o,Washington 03/27/2010
The Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR) have announced a 35-state settlement, in which CitiFinancial agreed to remit a $ -- NationalMortgageProfessional.com,NMP Media Services, 03/26/2010
Massachusetts Attorney General Martha Coakley has reached a settlement with Countrywide Financial Corporation (Countrywide) that will provide an estimated $18 million in loan modifications for Massach -- NationalMortgageProfessional.com,NMP Media Services, 03/26/2010
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