Mortgage Lending News     Click to continue . . .

  •   MBA's Courson Welcomes Additional Flexibility On Fha's Hope For Homeowners Program
John A. Courson, Chief Operating Officer of the Mortgage Bankers Association (MBA), today issued this statement following the announcement by Secretary of Housing and Urban Development (HUD) Steve Preston of changes to the Hope for Homeowners program to expand eligibility and lower costs on borrowers and lenders who participate.
Mortgage Bankers Association of America,John Mechem,Washington District of Columbia  11/20/2008

  •   REALTORS(R) Help Buyers, Sellers, With Short Sales Solutions
When families lose their homes to foreclosure, communities, the housing market and the economy all suffer. Short sales are one way that some troubled homeowners can avoid foreclosure, and Realtors(R) at the Short Sales Solutions session today at the 2008 REALTORS(R) Conference & Expo gained valuable insights into how to facilitate these complex sales.
National Association of Realtors,Stephanie Singer,Orlando Fl  11/20/2008

  •   Realtors(R) Against Full Privatization of Fannie Mae and Freddie Mac
To insure that there is sufficient capital to support mortgage lending to qualified borrowers, the National Association of Realtors(R) has adopted principles that recommend continued government involvement in the secondary mortgage market.
National Association of Realtors,Mary Trupo,Washington Dc  11/20/2008

  •   Mortgage Rate Volatility Tapers Off: Rates Stay Relatively Stable During Latter Part of Last Week
Rates Hover Around 6 Percent, According to Zillow(R) Mortgage Rate Monitor
Zillow.com,Katie Curnutte,Seattle Wa  11/20/2008

  •   Outreach Housing LLC Cautions Homeowners Against Waiving Rights in Loan Modification Programs
As the Bush Administration unveils a potentially extensive new program to modify mortgages, one organization remains skeptical -- and urges distressed homeowners to proceed with caution.
Outreach Housing LLC,Blair Wright,Fort Lauderdale Fl  11/20/2008

  •   The Bank of New York Mellon Launches New Service for Credit Opportunity Funds
The Bank of New York Mellon, the global leader in asset management and securities servicing, has launched an enhanced credit fund service for alternative fund managers that combines loan administration, fund administration and investor services in one complete solution.
Bank of New York Mellon Corporation,Kevin Heine,New York Ny  11/20/2008