Mortgage Lending November 15, 2010
The robo-signing mess is "extremely damaging" to the loan modification effort, a Treasury Department official said, because it confirms homeowners' feelings that they can't trust their -- NMN,Admin,New York NY 11/15/2010
Thanks to intense national scrutiny on the faulty procedural practices by mortgage servicers, foreclosure logjams are intensifying in several markets with little sign of easing anytime soon. Moreover, -- NMN,Admin,New York NY 11/15/2010
It's not as hard as it used to be to find good news in the Mortgage Bankers Association's delinquency survey.It used to be that the only glimmer of good news was in the performance of Departme -- NMN,Admin,New York NY 11/15/2010
Fannie Mae has opened a new mortgage counseling center in Phoenix that is part of a larger nationwide Fannie Mae effort to assist distressed homeowners who may be at risk of foreclosure because their -- NMN,Admin,New York NY 11/15/2010
The benchmark 10-year Treasury as of midday on Monday had jumpedsignificantly to levels above 2.8% not seen since September. -- NMN,Admin,New York NY 11/15/2010
Foreclosure-gate has highlighted long-standing flaws in the servicing process, but "larger problems" with the mortgage servicing business will require "serious" reforms, according to F -- NMN,Admin,New York NY 11/15/2010
Scranton, Pa., leads the nation with the largest median price gain on a year-over-year basis for the third quarter, according to the most recent Hanley Wood Market Intelligence report. -- NMN,Admin,New York NY 11/15/2010
Home prices rose 3.6% in the second quarter, but Fiserv economists expect prices to fall 7% nationwide by the end of next summer before stabilizing toward the end of 2011. -- NMN,Admin,New York NY 11/15/2010
The Federal Deposit Insurance Corp.'s upcoming safe harbor rules could add to real estate investment trusts' relative advantage in the securitized nonagency residential mortgage space. -- NMN,Admin,New York NY 11/15/2010
“This great Nation will endure as it has endured, will revive and will prosper. So, first of all, let me assert my firm belief that the only thing we have to fear is fear itself—nameless, -- NationalMortgageProfessional.com,NMP Media Services, 11/15/2010
SOURCECORP Inc. and Ellie Mae Inc. have announced that the companies have partnered to develop an integrated solution to enable Ellie Mae customers to securely and efficiently transfer electronic loan -- NationalMortgageProfessional.com,NMP Media Services, 11/15/2010
Credit-Based Asset Servicing and Securitization LLC (C-Bass) and seven of its affiliate companies have announced that they have filed for Chapter 11 protection with the U.S. bankruptcy court in M -- NationalMortgageProfessional.com,NMP Media Services, 11/15/2010
iServe Servicing Inc., a residential mortgage special servicer of performing, sub-performing, non-performing and bank-owned assets, has announced that it has integrated its business operations with iS -- NationalMortgageProfessional.com,NMP Media Services, 11/15/2010
Freddie Mac has announced the results of its quarterly Product Transition Report that concludes in the third quarter of 2010, refinancing borrowers overwhelmingly chose fixed-rate loans, regardle -- NationalMortgageProfessional.com,NMP Media Services, 11/15/2010
In a speech on Nov. 12 at the George Washington University Center for Law, Economics and Finance Conference on the Dodd-Frank Act in Washington, D.C., Federal Reserve Governor Daniel K. Tarullo t -- NationalMortgageProfessional.com,NMP Media Services, 11/15/2010
Three community-based lenders were shut down by their regulators over the weekend - two in Georgia and one in Arizona. The number of institutions on the FDIC's failed bank list has hit 146 for the -- DSNews.com,Admin, 11/15/2010
According to the Texas Quarterly Housing Report released earlier this month, real estate sales in the Lone Star State decreased 20 percent in the third quarter of 2010 compared to a year earlier, but -- DSNews.com,Admin, 11/15/2010
Fixed-rate mortgages have become the dominant choice among borrowers looking to refinance their home loans, with more applicants gravitating toward shorter loan terms.
A study by Freddie Mac on l -- DSNews.com,Admin, 11/15/2010
Despite a bounce in home prices during the first half of 2010, Fiserv Inc. says it expects property values nationally to fall another 7.1 percent over the next 12 months before beginning to stabilize -- DSNews.com,Admin, 11/15/2010
With the dawning of a new year comes the sense of starting fresh and leaving the previous year’s baggage behind. A number of mortgage lenders are applying this same adage to their loan portfolio -- DSNews.com,Admin, 11/15/2010
The open enrollment period started today and runs from November 15th to December 31st of each year. During this time, Medicare recipients can change plans without incurring penalties, and many Insuran -- Dataman Group Direct,Dale Filhaber,Boca Raton Florida 11/15/2010
Joseph D'Urso is the new president at Green River Capital, a real estate owned asset management and loss mitigation provider for mortgage servicers, investment firms and banks based in West Valley -- NMN,Admin,New York NY 11/15/2010
It would be a great thing if homeownership could help mitigate homelessness. Currently the focus of most homelessness advocates is rental housing. But rental housing is the step just before homeowners -- NMN,Admin,New York NY 11/15/2010
Flagstar Bank has closed on the sale of a $474 million portfolio of non-insured non-performing residential first mortgages. -- NMN,Admin,New York NY 11/15/2010
MELVILLE, NY—While there are many "unknowns" regarding the future of broker compensation, speakers at the New York Association of Mortgage Brokers annual convention here said they believe -- NMN,Admin,New York NY 11/15/2010
Without a good reason for marketing in this fashion, strategies may not work.A lot of time is spent encouraging businesses to join the social media craze. In fact, many small businesses now have a Fac -- NMN,Admin,New York NY 11/15/2010
Guaranteed Home Mortgage Co. Inc. is making a big push to build a residential mortgage origination platform in the metropolitan New York area's so-called vertical housing market and has brought on -- NMN,Admin,New York NY 11/15/2010
Considered to be a deal broker and careful listener by those who have worked with him in the past, Joseph Smith is winning near-universal acclaim as President Obama's pick to lead the Federal Hous -- NMN,Admin,New York NY 11/15/2010
On Nov 5, ARTHUR GONZALES DIAZ, an Anaheim resident was arraigned on seven felony counts of grand theft and one misdemeanor count of engaging in business as a real estate broker without a license. He -- NMN,Admin,New York NY 11/15/2010
While the investment opportunities in the nonagency residential mortgage-backed securities space are not what they were in 2008, there is still opportunity there, executives at an internally managed r -- NMN,Admin,New York NY 11/15/2010
Walter Investment Management Corp., Tampa, Fla., has priced a private placement of residential mortgage-backed notes to be issued by Mid-State Capital Trust 2010-1. The offering consists of $135 mill -- NMN,Admin,New York NY 11/15/2010
A Pennsylvania nonprofit group is offering home loans with 0% interest rates in a "rent-to-own" arrangement to first-time homebuyers and distressed borrowers. -- NMN,Admin,New York NY 11/15/2010
McLean, VA – Freddie Mac (OTC:FMCC) announced the results of its quarterly Product Transition Report today. -- Fannie,Admin,Washington DC 11/15/2010
J.I. Kislak Mortgage LLC has announced the appointment of Edward Scott to the position of senior vice president and southeast divisional manager. Scott will be based in Melbourne, Fla. and repor -- NationalMortgageProfessional.com,NMP Media Services, 11/15/2010
Fiserv Inc. has released an analysis of home price trends in more than 375 U.S. markets based on the Fiserv Case-Shiller Index. The indexes are owned and generated by Fiserv, a provider of financial s -- NationalMortgageProfessional.com,NMP Media Services, 11/15/2010
“This great Nation will endure as it has endured, will revive and will prosper. So, first of all, let me assert my firm belief that the only thing we have to fear is fear itself—nameless, -- NationalMortgageProfessional.com,NMP Media Services, 11/15/2010
Richard S. Hartunian, United States Attorney for the Northern District of New York; Rene Febles, Special Agent in Charge of the Office of Inspector General, U.S. Department of Housing & Urban Deve -- NationalMortgageProfessional.com,NMP Media Services, 11/15/2010
Jones Lang LaSalle recently hired Jon Goldstein as SVP of the firm's real estate investment banking practice in Washington, D.C. The company says a marked increase in the level of liquidity and re -- DSNews.com,Admin, 11/15/2010
Embrace Home Loans, a direct lender for Fannie Mae and Freddie Mac, has met the licensing requirements of the Secure and Fair Enforcement for Mortgage Licensing (SAFE) Act. The company said it has bee -- DSNews.com,Admin, 11/15/2010
November 15, 2010 /24-7PressRelease/ -- We can trust insurance companies to do what`s right, can`t we? An insurance company would never take advantage of a person who didn`t have a lawyer,would they? -- 24/7 Press Release Newswire,24/7 Media, 11/15/2010
November 14, 2010 /24-7PressRelease/ -- In early October, major banks and lenders announced they would temporarily halt foreclosures in some states due to administrative errors. Ally Bank, JP Morgan C -- 24/7 Press Release Newswire,24/7 Media, 11/14/2010
November 14, 2010 /24-7PressRelease/ -- The answer to this is no...and yes. In Arizona, wedding rings are exempt up to $2,000. This means that for both you and your spouse, you can exempt a total of $ -- 24/7 Press Release Newswire,24/7 Media, 11/14/2010
November 14, 2010 /24-7PressRelease/ -- When it rains, it pours. After suffering through a housing crisis and a down economy, many Americans are now confronted with another crisis: foreclosure fraud. -- 24/7 Press Release Newswire,24/7 Media, 11/14/2010
November 14, 2010 /24-7PressRelease/ -- First of all, do not panic. The classes you have to take aren`t graded and you can take them in person, over the phone or online - whatever is most convenient f -- 24/7 Press Release Newswire,24/7 Media, 11/14/2010
November 14, 2010 /24-7PressRelease/ -- Anyone who has ever carried an overdue debt knows how important it can be to stop creditor harassment. But times once were that the perpetual nuisance came in t -- 24/7 Press Release Newswire,24/7 Media, 11/14/2010
November 14, 2010 /24-7PressRelease/ -- Certain types of financial problems can be remedied relatively easily. Maybe your car breaks down one week, the refrigerator dies the next, and you find yoursel -- 24/7 Press Release Newswire,24/7 Media, 11/14/2010
November 14, 2010 /24-7PressRelease/ -- Federal Reserve Chairman Ben Bernanke recently announced the preliminary findings of a months-long review of the national foreclosure crisis by federal banking -- 24/7 Press Release Newswire,24/7 Media, 11/14/2010
Ireland is being urged by European policy makers to take emergency aid to contain a debt crisis rattling their markets, according to a person briefed on the discussions. In a conference call of E -- MortgageLatestNews,Admin, 11/14/2010
Buying a home is everyone’s dream, and it’s very common for people to take on 30-year loans to make that dream come true. Taking on 360 months worth of payments requires a large commitment, especi -- MortgageLatestNews,Admin, 11/14/2010
FirstMerit Corp. (Nasdaq: FMER) will be participating in the Sandler O'Neill + Partners East Coast Financial Services Conference in Aventura, Fla., on Thursday, November 11, 2010 at 1:35 p.m. ET. -- FirstMerit Online,Thomas O'Malley,Akron Ohio 11/13/2010
The British public has defied banks and lent 1m pounds to the UK's small businesses via Funding Circle (www.fundingcircle.com) in its first 10 weeks. Funding Circle is the UK's first ever onli -- ,System Admin,Leeds England 11/13/2010
Monday Morning Radio Series Provides Timely Information on Financial Issues for Consumers and Small Businesses -- Fidelity Bank OnLine,Sameera Sreepada,Leominster Mass. 11/13/2010
Awardees responsibly lend in low-income and low-wealth communities -- Opportunity Finance Network,J. CoCo Chang,San Francisco 11/13/2010
Investment to Support Strategy and Growth Initiatives -- Sandler O`Neill + Partners, L.P.,David Franecki,New York 11/13/2010
Braver Stern Securities LLC, an independent broker-dealer, announced today that Peter D. Howard has joined the firm as a Managing Director and Head Trader of CDOs, CLOs and esoteric asset-backed secur -- Braver Stern Securities,Kate McGann,New York 11/13/2010
New Bankrate.com Research Reveals Fees and Trends for 2010's Gift Card Season -- Bankrate.com,Chris Spagnuolo,New York 11/13/2010
Lennar Corporation (NYSE: LEN and LEN.B) announced that it proposes to offer, in a private offering under SEC Rule 144A, $350 million principal amount of Convertible Senior Notes due 2020. The initial -- Lennar Corporation,Diane Bessette,Miami 11/13/2010
Mortgage rates revisited record lows this week, with the average rate on the benchmark conforming 30-year fixed mortgage rate returning to 4.42 percent, according to Bankrate.com's weekly national -- Bankrate.com,Hilary Dommu,New York 11/13/2010
The National Inflation Association - http://inflation.us - just issued the following statement: -- National Inflation Association,Gerard Adams,Fort Lee N.j. 11/13/2010
If economic growth is the key to winning elections, then September's housing data was a torpedo that sank many federal and state politicians. -- Winans International,Liz Boaz,Novato Calif. 11/13/2010
New Round of Quantitative Easing Expected to Keep Rates Low -- LendingTree,Bethany Ciampa,Charlotte N.c. 11/13/2010
L. Bradford "Brad" Armstrong, a Partner at The Martin Agency, was elected to the Board of Directors for Union First Market Bankshares, the holding company for Union First Market Bank. -- Union Bankshares,Bill Cimino,Richmond Va. 11/13/2010
Judicial Research and Retrieval Services is a legal research firm that specializes in
NATIONWIDE Mortgage Documentation, Current Owner Search, Public Record Searches, Document Filing and Retrieval. J -- JUDICIAL RESEARCH & RETRIEVAL SERVICES,Information 18500,Miami Florida 11/13/2010
As temperatures begin to drop around the nation, mortgage servicers routinely take special precautions to protect or winterize the homes under their guardianship. Vacant properties can be very suscept -- NMN,Admin,New York NY 11/13/2010
Market estimates of cumulative losses of $400 billion at Fannie Mae and Freddie Mac are "overly pessimistic" declared analysts at Keefe, Bruyette & Woods. -- NMN,Admin,New York NY 11/13/2010
Sales of existing condominiums rose 15% in Florida in the third quarter as lower prices continued to attract both domestic and foreign bargain hunters. -- NMN,Admin,New York NY 11/13/2010
Impac Mortgage Holdings, a former alt-A giant that survived both the housing bubble and a NYSE delisting, has launched a new wholesale division, promising the industry "pipeline transparency" -- NMN,Admin,New York NY 11/13/2010
The concept/law of continuous process improvement begins with the concept that a plan—a process—is needed in most areas of your business and your life. Process simply is defined as the way-t -- NMN,Admin,New York NY 11/13/2010
For the second consecutive quarter, Triad Guaranty Inc., the Winston-Salem N.C.-based mortgage insurer in run-off, reported a profit, this time because of an extraordinary item. But the company said i -- NMN,Admin,New York NY 11/13/2010
The Concord Group is projecting a national home sales recovery for the fourth quarter of 2012 based on its just-completed United States Housing Outlook report.With approximately 18 months of supply on -- NMN,Admin,New York NY 11/13/2010
Three U.S. senators are urging federal regulators to consider industry analysis of the default risks on certain loan products and features in drafting a rule that will exempt "qualified residentia -- NMN,Admin,New York NY 11/13/2010
Federal regulators need to create a definition for "qualified residential mortgage" that is safe for homebuyers, but not so safe that it funnels most of the business into the Federal Housing A -- NMN,Admin,New York NY 11/13/2010
When the 112th Congress convenes in January banking issues—broadly defined—will remain front-burner issues.As the new Congress organizes you can be sure of one thing: The Senate Banking Comm -- NMN,Admin,New York NY 11/13/2010
The White House announced Friday that it intends to nominate Joseph Smith, the commissioner of banks for North Carolina, as director of the Federal Housing Finance Agency. -- NMN,Admin,New York NY 11/13/2010
House and Senate appropriators allotted $150 million for the Federal Housing Administration reverse mortgage program but now it appears those credit subsidy funds won't be needed because of the ne -- NMN,Admin,New York NY 11/13/2010
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