Mortgage Lending October 15, 2010
Angelo Mozilo, co-founder of Countrywide, and two former Countrywide executives have agreed to pay out $67.5 million to the Securities and Exchange Commission (SEC) to avoid a trial on insid -- NationalMortgageProfessional.com,NMP Media Services, 10/15/2010
Through a request for a preliminary injunction filed in the Lucas County Court of Common Pleas, Ohio Attorney General Richard Cordray is seeking to prevent GMAC Mortgage LLC from completing foreclosur -- NationalMortgageProfessional.com,NMP Media Services, 10/15/2010
Ohio Attorney General Richard Cordray has filed a preliminary injunction seeking to prevent GMAC Mortgage from completing foreclosure sales in his state that he says are based on faulty affidavits. Co -- DSNews.com,Admin, 10/15/2010
All the news of flawed, perhaps fraudulent, foreclosure paperwork has many worried that housing's feeble recovery could quickly derail. A number of large lenders have frozen foreclosure actions an -- DSNews.com,Admin, 10/15/2010
The industry has long been awaiting a replacement for the Home Valuation Code of Conduct (HVCC). On Friday, Fannie Mae and Freddie Mac issued new Appraiser Independence Requirements to supplant the co -- DSNews.com,Admin, 10/15/2010
PHH Corporation has issued the following statement by Jerry Selitto, president and chief executive officer, concerning the foreclosure procedures of its subsidiary, PHH Mortgage Corporation: &ldq -- NationalMortgageProfessional.com,NMP Media Services, 10/15/2010
Emphasys Software has announced that it has completed the acquisition of all related assets from Lending Support Services Inc. (LSSI). Servicer3D and Docs3D offer solutions for managing mortgage and l -- NationalMortgageProfessional.com,NMP Media Services, 10/15/2010
Inlanta Mortgage, a mortgage banker since 1993, has added a new underwriter, John Malinger, to its team to help with the increased volume and rate lock activity it has seen in the past months. Malinge -- NationalMortgageProfessional.com,NMP Media Services, 10/15/2010
The Association of Mortgage Investors (AMI) has announced its support for the state attorneys general investigating the allegations surrounding servicer and mortgage industry foreclosure practices, bu -- NationalMortgageProfessional.com,NMP Media Services, 10/15/2010
A New York judge threw out a case against Countrywide Financial by investors who wanted the company to buy back mortgages that it had reduced payments for. Investors claimed it is unfair for them to h -- DSNews.com,Admin, 10/15/2010
Jones Lang LaSalle, a financial and professional services firm specializing in real estate, has added two new executives to its real estate investment banking practice in Southern California and Houst -- DSNews.com,Admin, 10/15/2010
Quicken Loans Inc., one of the nation's largest online mortgage lenders, reports it closed approximately 15,500 home loans totaling $3.4 billion in loan volume in September. It's the largest m -- DSNews.com,Admin, 10/15/2010
The Wolf Firm recently announced that James R. Knoles has joined the firm's litigation department as its newest associate attorney. In this position, Knoles' primary responsibilities entail th -- DSNews.com,Admin, 10/15/2010
There are 7,018,000 mortgages in the United States that are 30 or more days delinquent or in the process of foreclosure, according to new data from Lender Processing Services (LPS).
Of the more tha -- DSNews.com,Admin, 10/15/2010
The jumbo market is seeing significant improvement in interest rates and market liquidity, according to Total Mortgage Services, LLC in Connecticut. The lender and broker is now offering 30-year fixed -- DSNews.com,Admin, 10/15/2010
Inlanta Mortgage, a mortgage banker since 1993, has added a new Underwriter, John Malinger, to its team to help with the increased volume and rate lock activity it has seen in the past months. Malinge -- Inlanta Mortgage,Andrea Billinghurst,Waukesha Wi 10/15/2010
The Jacksonville Business Journal named Foundation Financial Group's senior vice president for human resources and learning and development, James S. Brodsky, PHR, as one of its Ultimate -- Foundation Financial Group,Sales Marketing,Jacksonville Fl 10/15/2010
FDIC’s Advisory Committee on Community Banking -- The Independent Community Bankers of America,Aleis Stokes,Washington DC 10/15/2010
KANSAS CITY, MO, October 15, 2010 /24-7PressRelease/ -- As the days tick down on 2010, many investors are pondering whether or not to convert a traditional IRA to a Roth IRA? While the benefits of con -- 24/7 Press Release Newswire,24/7 Media, 10/15/2010
WALNUT CREEK, CA, October 15, 2010 /24-7PressRelease/ -- Vitucci & Associates, a Bay Area Financial Advisor firm founded by Pat Vitucci, has opened its eleventh office in Larkspur, Marin County. The n -- 24/7 Press Release Newswire,24/7 Media, 10/15/2010
October 15, 2010 /24-7PressRelease/ -- On September 7, Deliverance Poker filed suit against Full Tilt Poker and Michael Mizrachi, claiming breach of contact. He is alleged to have signed a contract wi -- 24/7 Press Release Newswire,24/7 Media, 10/15/2010
DORSET, ENGLAND, October 15, 2010 /24-7PressRelease/ -- LV= has announced it has launched an app for the iPhone which is aimed at job seekers. -- Midflorida Schools Federal Credit Union,24/7 Media, 10/15/2010
Gold dropped for the first time in three days as a rebound in the dollar reduced the precious metal’s appeal as an alternative investment and some holders sold after prices advanced to a record. Bul -- MortgageLatestNews,Admin, 10/15/2010
Mortgage foreclosures in the Kansas City area fell slightly in third quarter compared with the same period a year ago, a new report shows. RealtyTrac, a foreclosure data research company, reported tha -- MortgageLatestNews,Admin, 10/15/2010
The Congressional Oversight Panel says it has "significant concerns" related to accountability and conflicts of interest because of Treasury's extensive use of private contractors to carry -- DSNews.com,Admin, 10/15/2010
MFA Financial, Inc. (NYSE: MFA) announced today that as part of a re-securitization transaction on October 8, 2010 it sold an aggregate of $985.2 million in principal value of Non-Agency residential m -- MFA Financial, Inc.,MFA Investor Relations,New York 10/14/2010
Company to Launch $200 Million Fund Under New Investment Management Platform -- LNR Property LLC,LNR Media Line,Miami Beach Fla. 10/14/2010
GMAC Mortgage is committed to preserving the integrity of the foreclosure process and in that spirit has engaged several leading legal and accounting firms to conduct independent reviews of its forecl -- GMAC Mortgage,Gina Proia,Minneapolis 10/14/2010
Acquisitions and strong organic growth of loss mitigation subsidiary MOS Groupfuel exponential growth -- Sorrento Capital, Inc,Jeri Yoshida,Irvine Calif. 10/14/2010
XL Insurance, the global insurance operations of XL Group plc (NYSE: XL) and Breed's Hill Insurance Agency, Inc., a specialized Managing General Underwriter, today announced a new joint underwriti -- XL Insurance,Christine M. Weirsky,Exton Pennsylvania 10/14/2010
Seattle-Northwest Securities Corporation (SNW) today announced the recent hiring of two employees; one in the parent company, the other in SNW Asset Management, a wholly-owned subsidiary of SNW. -- Seattle-Northwest Securities Corporation,Cindy Wetterlund,Seattle 10/14/2010
MC Principals, Ross McCallister and Ken McElroy, purchase 333 units in Ft. Worth Texas. -- MC Companies,Ross McCallister,Scottsdale Ariz. 10/14/2010
Union First Market Bankshares Corporation (Nasdaq: UBSH), the holding company for Union First Market Bank, today announced it has completed the integration of Rappahannock National Bank and Northern N -- Union Bankshares,Bill Cimino,Richmond Va. 10/14/2010
Study Examines Impact of Long Term Care Event on Family's Financial and Emotional Well-Being -- Genworth Financial Inc.,Deborah Pont,Richmond Va. 10/14/2010
Despite sluggish economy, housing market, company is growing fast -- Foundation Financial Group,James Brodsky,Jacksonville Fla. 10/14/2010
Capital Now In Place to Deliver 35 Megawatts of Data Center Capacity in the Next 12 Months -- i/o Data Centers,i/o Media Relations,Phoenix 10/14/2010
Low mortgage rates and a pause in price appreciation have extended the housing affordability window in Santa Clara County to another month. -- Santa Clara County Association of REALTORS,Alison Martinsen,San Jose Calif. 10/14/2010
McLEAN, Va. – Freddie Mac (OTC:FMCC) announced that Clayton S. Rose, Professor of Management Practice at Harvard Business School and veteran executive in the financial services and investment indust -- Fannie,Admin,Washington DC 10/14/2010
In 2009, 2,725 different multifamily lenders provided a total of $52.5 billion in new financing for apartment buildings with five or more units, according to the Mortgage Bankers Association`s (MBA) A -- NationalMortgageProfessional.com,NMP Media Services, 10/14/2010
John A. Courson, president and chief executive officer of the Mortgage Bankers Association (MBA), has announced that Barbara Van Allen has been named senior vice president of communications and market -- NationalMortgageProfessional.com,NMP Media Services, 10/14/2010
Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), which found that the 30-year fixed-rate mortgage (FRM) rate fell again to break the survey’s all -- NationalMortgageProfessional.com,NMP Media Services, 10/14/2010
CRE Finance Council has announced that Dottie Cunningham has resigned from her post as chief executive officer of the organization. John D’Amico, president-elect of CRE Finance Council, wil -- NationalMortgageProfessional.com,NMP Media Services, 10/14/2010
Nearly two-thirds of American adults (63 percent) say the current economic situation makes them less likely to buy a house, especially lower-income individuals and families, according to a new nationa -- DSNews.com,Admin, 10/14/2010
The nation's poor employment picture has become one of the biggest impediments to a perceptible recovery in the mortgage markets - both for residential and commercial real estate. Job loss is now -- DSNews.com,Admin, 10/14/2010
Skyline Financial Corp., an independent direct mortgage lender headquartered in California, has raised $8.2 million for company growth. The new funding is the first institutional round of financing ra -- DSNews.com,Admin, 10/14/2010
The Federal Housing Finance Agency has issued a new policy that outlines specific steps Fannie Mae and Freddie Mac servicers should take to identify and correct deficiencies in foreclosure paperwork. -- DSNews.com,Admin, 10/14/2010
30-Year FRM Under 5 Percent for 23 Consecutive Weeks
Short-Term Rates Are Mixed
McLean, VA – Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PM -- Fannie,Admin,Washington DC 10/14/2010
Gleacher & Company Inc. has announced that it intends to launch a residential mortgage banking initiative. In connection with that initiative, it has agreed to acquire, through its newly formed su -- NationalMortgageProfessional.com,NMP Media Services, 10/14/2010
Mortgage Contracting Services LLC (MCS), a provider of property preservation, inspections and real estate-owned (REO) property maintenance to the financial services industry, has announced that it now -- NationalMortgageProfessional.com,NMP Media Services, 10/14/2010
In 2009, 2,725 different multifamily lenders provided a total of $52.5 billion in new financing for apartment buildings with five or more units, according to the Mortgage Bankers Association`s (MBA) A -- NationalMortgageProfessional.com,NMP Media Services, 10/14/2010
Quicken Loans Inc., an online home lender, and among the top-five overall retail lenders in the country, reported its largest monthly closed volume in the company`s 25-year history in September 2010.& -- NationalMortgageProfessional.com,NMP Media Services, 10/14/2010
The last time rates for 30-year mortgages were as low as they are now was in April 1951. Thirty-year fixed-rate mortgages have been under 5 percent for 23 weeks in a row, according to data gathered by -- DSNews.com,Admin, 10/14/2010
Awareness and Education are Key to Consumer Protection -- National Foundation for Credit Counseling,Paul Silder,Silver Spring Maryland 10/14/2010
In 2009, 2,725 different multifamily lenders provided a total of $52.5 billion in new financing for apartment buildings with five or more units, according to the Mortgage Bankers Association's (MB -- CampusMBA,Sarah Tinsley,Washington District of Columbia 10/14/2010
LONDON, ENGLAND, October 14, 2010 /24-7PressRelease/ -- Homeowners have a new location to visit before making any decisions on matters relating to their property. -- 24/7 Press Release Newswire,24/7 Media, 10/14/2010
LONDON, ENGLAND, October 14, 2010 /24-7PressRelease/ -- Reed Finance Divisional Director, Tim Vye, comments: `We were delighted to hear that we had been nominated for this award. In a marketplace of h -- 24/7 Press Release Newswire,24/7 Media, 10/14/2010
BOISE, ID, October 14, 2010 /24-7PressRelease/ -- A recent Veterinary Practice News article paints Pets Best Insurance President Dr. Jack Stephens as an industry guru. -- 24/7 Press Release Newswire,24/7 Media, 10/14/2010
October 14, 2010 /24-7PressRelease/ -- A study published in the September 2010 issue of the American Bankruptcy Institute`s ABI Journal shows that a disproportionate percentage of recent bankruptcy pe -- 24/7 Press Release Newswire,24/7 Media, 10/14/2010
October 14, 2010 /24-7PressRelease/ -- Rodney Walters and Terri Reese have lived in their Jacksonville area home since 2006. The couple and their four children were recently ordered out of the home by -- 24/7 Press Release Newswire,24/7 Media, 10/14/2010
FORT WORTH, TX, October 14, 2010 /24-7PressRelease/ -- Any family who has sent a child off to school knows how expensive it can be. Paper, pens, books, notebooks, backpacks, new clothes ... the list s -- 24/7 Press Release Newswire,24/7 Media, 10/14/2010
Bank shares have proved resilient despite the widening U.S. foreclosure crisis, as investors view the growing furor over foreclosures as a procedural problem instead of a deeper issue of how homes are -- MortgageLatestNews,Admin, 10/14/2010
At JPMorgan Chase & Company, they were derided as “Burger King kids” — walk-in hires who were so inexperienced they barely knew what a mortgage was. At Citigroup and GMAC, dotting the i’s -- MortgageLatestNews,Admin, 10/14/2010
Stewart Title Guaranty Co. is taking a guarded stance when it comes to repossessed properties that may be the subject of foreclosure paperwork reviews. It's been reported that the title insurer is -- DSNews.com,Admin, 10/14/2010
New data from RealtyTrac shows that foreclosure filings were reported on 930,437 properties in the third quarter, a 4 percent increase from the previous three-month period. Both bank repossessions and -- DSNews.com,Admin, 10/14/2010
McLean, VA – Freddie Mac (OTC:FMCC) today announced that its mortgage-related investments portfolio, also known as the company’s retained portfolio, will form Giant Mortgage Participation Certific -- Fannie,Admin,Washington DC 10/13/2010
McLean, VA - Freddie Mac shares the Federal Housing Finance Agency's commitment to addressing reported deficiencies in some servicers' foreclosure practices and has been working closely with -- Fannie,Admin,Washington DC 10/13/2010
-- Fannie,Admin,Washington DC 10/13/2010
UPDATE: Mortgage Electronic Registration System (MERS) has released a statement in regards to JPMorgan Chase`s earlier announcement that it was no longer using MERS: "JPMorgan Chase is a val -- NationalMortgageProfessional.com,NMP Media Services, 10/13/2010
Radian Guaranty Inc., the mortgage insurance (MI) subsidiary of Radian Group Inc., has announced that Brien J. McMahon has joined the company as its first chief franchise officer. In this newly c -- NationalMortgageProfessional.com,NMP Media Services, 10/13/2010
Informative Research, a mortgage credit solutions provider, has published its “Risk-Based Pricing Notice for Mortgage Lenders White Paper.” Effective Jan. 1, 2011, companies that use a cr -- NationalMortgageProfessional.com,NMP Media Services, 10/13/2010
The following is a statement by Terry Edwards, executive vice president of Fannie Mae, on Fannie`s policy outline for dealing with possible deficiencies in the foreclosure process: &qu -- NationalMortgageProfessional.com,NMP Media Services, 10/13/2010
The following is a statement by Federal Housing Finance Administration (FHFA) Acting Director Edward J. DeMarco on the recent foreclosure and affidavit issues encountered by the nation`s top mortgage -- NationalMortgageProfessional.com,NMP Media Services, 10/13/2010
The following is taken from remarks made by Federal Deposit Insurance Corporation (FDIC) Chairman Sheila C. Bair as she addressed the Urban Land Institute in Washington, D.C. : "Good afternoon. T -- NationalMortgageProfessional.com,NMP Media Services, 10/13/2010
The highest counsels from all 50 states have teamed up to launch a coordinated investigation of the mortgage servicing industry.
Attorneys general from every state, as well as banking and mortgage -- DSNews.com,Admin, 10/13/2010
According to the New York State Banking Department, more than 76,000 New York homeowners have received 90-day pre-foreclosure notices since May 31, and a total of 134,000 pre-foreclosure notices have -- DSNews.com,Admin, 10/13/2010
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