Mortgage Lending December 15, 2008

→   Training Content Creators Find New Marketplace At Coggno.com
Website Creates New Opportunity for Banking and Finance Industries Subject Matter Experts and Training Professionals to Market Their Courses -- Coggno.com,Sean Mazur,San Jose ca  12/15/2008



→   Two Native Community Development Financial Institutions Honored for Achievements in Helping Build Native Economies
Two Native opportunity finance institutions were honored last evening for their commitment to community development and asset building in Native communities at the 2008 Native Awards Ceremony, part of the 5th Annual Native CDFI Convening hosted by Opportunity Finance Network (OFN) and First Nations Oweesta Corporation (Oweesta). -- Oweesta,Jody Sarkozy-Banoczy,Albuquerque Nm  12/15/2008



→   Credit News - December 12, 2008
On Wednesday morning, mortgages rates collapsed close to 5.00% -- just under for fee-heavy deals, just above for fee-light, all a tad higher today. -- Boulder Mortgage Bank,Lou Barnes,Boulder Colorado  12/15/2008



→   MBA's Courson Applauds The Selection Of Shaun Donovan To Be Hud Secretary
John A. Courson, Chief Operating Officer of the Mortgage Bankers Association (MBA) today issued the following statement in response to President-elect Obama's announcement of Shaun Donovan to be Secretary of the U.S. Department of Housing and Urban Development (HUD). -- Mortgage Bankers Association of America,John Mechem,Washington District of Columbia  12/15/2008



→   Jam Makes Investment In Wingspan Portfolio Advisors
Investor sees tremendous opportunity in mortgage servicer specializing in saving defaulted loans -- Wingspan Portfolio Advisors,Marketing Department,Los Angeles Ca  12/12/2008



→   Homeowners No Longer Forced To Default On Their Mortgages
“Up until this week, struggling homeowners who pay their mortgages on time have been left out in the cold without any form of mortgage relief,” said Gibran Nicholas, Chairman of the CMPS Institute, an organization that certifies mortgage bankers and brokers. “However, Fannie Mae announced on Monday, December 8, that effective immediately, struggling homeowners who pay mortgages on time will be eligible for loan modifications.” -- CMPS Institute,Josephine Nicholas,Ann Arbor MI  12/11/2008



→   HFF Secures $10 Million Financing For Chicago Area Retail Center
The Chicago and New York offices of HFF (Holliday Fenoglio Fowler, L.P.) announced today that they secured $10 million in financing for Cermak Plaza Shopping Center, a 279,622-square-foot community retail center in Berwyn, Illinois. -- HFF (Holliday Fenoglio Fowler, L.P.),Laurie Fish McDowell,Chicago Il  12/11/2008



→   New Headquarters Announced
Norman A. Padula, Broker/President for Florida Gulf Realty, LLC. has announced the opening of their new office at Palmer Executive Office Building located at 8586 Potter Park Drive, Sarasota, Florida. The larger facility affords expansion options as the staff and business expands that the former office lacked. -- Florida Gulf Realty, LLC.,Norman Padula,Sarasota Florida  12/11/2008



→   Leading Measuring Instrument Manufacture in the World--Tresna Instrument
TresnaInstrument.,LTD has become one of the leading measuring instrument manufacture in the world, second only to Mitutoyo, Starrett, Texa, Flower¡­ -- Tresna Instrument. Ltd,Lancy,Guilin Guangxi  12/10/2008



→   Tresna Instrument kicks of Christmas Holiday Sale
Tresna Instrument is holding their Christmas Holiday Sale from December 3 through January 1. Customers can enjoy big saving 20% to 50% money. -- Tresna Instrument. Ltd,Lancy,Guilin Guangxi  12/10/2008



→   HFF Arranges $28.2 Million First Mortgage Financing For Oakland, California Multifamily Community
The Hartford office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has arranged a $28.2 million first mortgage financing for Landing at Jack London Square, a 282-unit, Class A waterfront multifamily community in Oakland, California. -- HFF (Holliday Fenoglio Fowler, L.P.),Laurie Fish McDowell,Hartford Ct  12/10/2008



→   HFF Secures $6.19 Million Financing On Behalf Of The Hampshire Companies
The New Jersey office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has secured $6.19 million in financing on behalf of The Hampshire Companies, a full‑service, private real estate investment fund manager, for Berkeley Heights Self Storage in Berkeley Heights, New Jersey. -- HFF (Holliday Fenoglio Fowler, L.P.),Laurie Fish McDowell,Florham Park Nj  12/10/2008



→   Cambridge Credit Urges Washington To Promote Measures That Build Confidence, Not Debt
Counseling organization offers Home Sweet Home initiative to address consumer concerns as recession deepens. -- Cambridge Credit Counseling Corp.,Thomas Fox,Agawam ma  12/10/2008



→   Grais & Ellsworth LLP Files Class Action Against Countrywide on Behalf of Investors in 374 Securitization Trusts
Grais & Ellsworth LLP has filed a class action against Countrywide Financial Corporation on behalf of thousands of investors in 374 securitization trusts to which Countrywide sold subprime and Alt-A mortgage loans. As reported earlier, Countrywide has reached an agreement with the Attorneys General of 15 states to settle charges of predatory lending by reducing payments on up to 400,000 mortgage loans by a total of up to $8.4 billion. The complaint in the class action demands a judgment declaring that Countrywide is required to purchase, at full par value, any loan that it modifies. -- Grais & Ellsworth LLP,David J. Grais,New York Ny  12/10/2008



→   Netmore America Chief Strategy Officer Lisa Schreiber Named Keynote Speaker At Source Media`s 12th Annual Mortgage Technology Conference
Conference to cover technology strategies to survive current environment and emerge stronger -- NetMore America, Inc. (NetMore),Info,WALLA WALLA wa  12/10/2008



→   Streetlinks Announces 'sandra' - Automated Order Assignment
StreetLinks National Appraisal Services announces a new automated assignment process. When an order is placed with StreetLinks, an automated phone call is placed to the best qualified appraiser in the area allowing for faster acceptance and scheduling of the appraisal. Coupled with StreetLinks ability to accommodate and process point of sale appraisal pre-pay, this creates the most streamlined order assignment process in the Appraisal Management industry. -- Streetlinks National Appraisal Services,Brad Summers,Indianapolis In  12/10/2008



→   1-800-east West Mortgage Streamlines Operations And Cuts Labor Costs With Encompass Banker Edition
Company moves forward with growth plans within the New England area -- Ellie Mae Inc.,David Lewis,Pleasanton California  12/10/2008



→   Residential Finance Corp. Deepens Commitment To Service Excellence; Appoints Mortgage Training Expert Julie Dietz Training Leader From Bear Stearns & Co., Oak Street Mortgage, And Delta Financial To Direct Sales And Operations Training Initiatives For F
Residential Finance Corporation (RFC) (http://www.residentialfinance.com), a nationwide mortgage lender specializing in refinance, today announced the appointment of Julie Dietz as Director of Training and Development. Dietz is a seasoned training professional with fifteen years of experience in developing and managing sales and operations training programs specific to the mortgage industry. She has developed and directed high-impact training programs for many thousands of mortgage professionals in sales, operations, and customer service at some of the nation`s top lenders, including Bear Stearns & Co., Oak Street Mortgage (OSM Financial Services), and Delta Financial Corporation. Dietz will lead the development of internal training initiatives for RFC to ensure continuity of sales and operations excellence as the FHA refinance specialist continues to experience fast-paced growth. -- Residential Finance Corporation,Info,Columbus Oh  12/10/2008



→   Martopia® Wins Platinum 2008 Ava Award
Brander’s Paradise Web Video Recognized For Quality And Creativity -- Martopia,Information 26852,Chicago Il  12/10/2008



→   MBA: Credit Markets And Economy Add Pressure To Commercial Mortgage Performance
Delinquency rates continued to tick up in the third quarter for most commercial/multifamily mortgage investor groups, but remained at the lower end of their historical ranges, according the third quarter Commercial/Multifamily Delinquency Report from the Mortgage Bankers Association (MBA). -- Mortgage Bankers Association of America,Jason Vasquez,Washington District of Columbia  12/10/2008



→   For The First Time, Identity Verification Is Being Performed In Real-time
Rapid Reporting incorporates Social Security Administration’s new real-time identity verification capability into DirectChek; lenders respond with far greater confidence in fraud prevention -- Rapid Reporting Verification Company,Ray Pella,Fort Worth Texas  12/10/2008



→   Fics` Credit, Flood And Mortgage Insurance Interfaces Earn Mxcompliance Certification From Mismo
Financial Industry Computer Systems, Inc. (FICS®), a mortgage technology specialist that provides in-house residential origination and servicing technology and commercial servicing technology to the mortgage industry, announced that its residential mortgage loan origination system, Loan Producer®, has received MXCompliance Certifications from Mortgage Industry Standards Maintenance Organization, Inc. (MISMO) for its Credit Request v2.3.1 interface, Credit Response v2.3.1 interface, Flood Request v2.4 interface, Flood Response 2.4 interface, Mortgage Insurance Application Request v2.3.1 interface and Mortgage Insurance Application Response v2.3.1 interface. -- FICS Group,Kelly Graham,Dallas TX  12/10/2008



→   Mortgage Applications Decrease From Thanksgiving Week In Latest MBA Weekly Survey
-- Mortgage Bankers Association of America,Sarah Tinsley,Washington District of Columbia  12/10/2008



→   Fidelity National Financial Family of Companies Completes UCCPlus Rollout in Texas
Fidelity National Financial Family of Companies announced it has successfully completed its Texas launch of UCCPlus Insurance Protection Policy` which provides lender`s lien protection in commercial loans secured by non-real estate collateral. UCCPlus insures the lender`s security interest in commercial loans for validity, enforceability, attachment, perfection and priority. Policies include UCC search and filing functions, and provide for cost-of-defense in the event of a third party asserts a claim adverse to the insured party`s security interest. -- Fidelity National Financial,Theodore H. Sprink,Chicago Illinois  12/09/2008



→   MBA Report Shows Crisis Deepens as Efforts to Stop Foreclosures Fail
Today we learn from the Mortgage Bankers Association (MBA) that at least one out of every 10 homeowners is behind on their mortgage or already facing foreclosure, a fact that underscores what we already know is the gloomiest housing picture in the United States in decades, possibly ever. The MBA's newest numbers for the three months ending September 30 also underscore what we and others, including many economists with expertise in housing issues, have been saying for over a year: Avoiding foreclosures that don't need to happen is our country's best hope for economic recovery. -- Center for Responsible Lending,Kathleen Day,Washington Dc  12/09/2008



→   TrueCredit.com Offers Personalized Loan Rate Analysis Tool
Mortgage Simulator Empowers Consumers to Better Understand Correlation between their Financial Situation and Interest Rates -- TrueCredit.com,Aimee Eichelberger,Chicago Il  12/09/2008



→   Although Interest Rates Plunge, Credit Reporting System Prevents Many Borrowers From Seizing Opportunities
Nearly one in two borrowers is plagued by medical collection accounts that are lowering their credit scores Credit Expert starts petition for Credit 911 Medical Relief Bill -- Rodney Anderson,Rodney Anderson,Plano Texas  12/09/2008



→   Riviere Servicing Enters Strategic Agreement With Global It Leader Csc To Service National Mortgage Modification And Restructuring Programs
Team of financial experts led by Carolyn H. Byrd combines know-how and infrastructure resources -- Riviere Securities, LLC,David I. Green,ATLANTA ga  12/09/2008



→   Facing Foreclosure or an Interest Rate Increase? Learn How to Save Your Home with a Loan Modification
Homeowners facing foreclosure or an interest rate hike with their Adjustable Rate Mortgage may have a little known option to modify their original loan. -- Pinnacle Financial Solutions,Jennifer Wezensky,Los Angeles   12/09/2008



→   Fannie Mae Provides New Servicer Flexibility To Help Borrowers Avoid Foreclosure
Fannie Mae (NYSE:FNM) announced a series of actions designed to help borrowers and loan servicers address potential mortgage problems and prevent unnecessary home foreclosures among the more than 18 million single-family loans owned or guaranteed by Fannie Mae. -- Fannie Mae,Marilyn Kornfeld,Washington District of Columbia  12/09/2008



→   Four Industry Greats Form National Real Estate Consulting Firm
Gallin Glick Sullivan O’Keefe Offers Analysis, Planning, Solutions & Management For Lenders, Corporate Users, and Real Estate Services Companies in Need of Senior Level Knowledge, Advice and Execution -- Gallin Glick Sullivan O’Keefe,Media Department,New York Ny  12/09/2008



→   Ohfa Receives Over $4.4 Million To Support Foreclosure Prevention Counseling Efforts
Grant provides much-needed boost to Ohio homeowners in danger of foreclosure -- Ohio Housing Finance Agency,Erin Biehl,Columbus Ohio  12/09/2008



→   Fighting Fraud with Frank
Frank McKenna, chief fraud strategist at BasePoint Analytics, has penned his latest `Fighting Fraud with Frank` issue where he discusses the FACT compliance deadline and who needs to comply and how they can comply. He also provides the five steps that need to be part of the written FACT Act compliance document. Did you know the last steps for compliance can be achieved in less than four weeks? -- BasePoint Analytics,Info,CARLSBAD ca  12/09/2008



→   Delinquencies Increase, Foreclosure Starts Flat In Latest MBA National Delinquency Survey
The Mortgage Bankers Association (MBA) today issued its 3rd Quarter 2008 National Delinquency Survey (NDS) on a conference call with members of the media. During that call, Jay Brinkmann, MBA's Chief Economist and Senior Vice President of Research and Economics, provided analysis of the data. -- Mortgage Bankers Association of America,John Mechem,Washington District of Columbia  12/09/2008



→   Oweesta and Its Partners are Accepting Applications for New Native IDA Training Program
First Nations Oweesta Corporation (Oweesta) is again partnering with CFED and First Nations Development Institute (FNDI) to offer another round of the CDFI Fund sponsored Expanding Native Opportunity: Native Individual Development Account Initiative (NIDAI) training and technical assistance program that provides participants with the tools and knowledge to design and implement IDA programs in their communities. -- First Nations Oweesta Corporation,Jody Sarkozy-Banoczy,Rapid City Sd  12/09/2008



→   Loanmarq Software By Sthenia Solutions Streamlines Real Estate Finance Transactions
Improves transparency, accountability, efficiency in mortgage process -- Loanmarq,Sales Department,Knoxville Tn  12/09/2008



→   Robyn Cunningham Of Love Funding Secures More Than $24 Million In Financing For Two Assisted Living Facilities In Florida
National mortgage-banking firm Love Funding today announced that its St. Louis office secured two loans totaling $24.7 million for two assisted living facilities located in Florida. Robyn Cunningham, vice president of Love Funding’s St. Louis office, originated the transactions. -- Love Funding Corp.,Robyn Cunningham,St. Louis Mo.  12/09/2008



→   HFF Arranges Financings Totaling $21.38 Million For Three New Jersey Multifamily Communities
The New Jersey office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has arranged first mortgage financings totaling $21.38 million for three central New Jersey multifamily communities. -- HFF (Holliday Fenoglio Fowler, L.P.),Laurie Fish McDowell,Florham Park Nj  12/09/2008



→   HFF Secures $7.4 Million Joint Venture Equity For Stonemar Properties Llc Purchase Of Connecticut Retail Center
The New Jersey office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has arranged joint venture equity on behalf of Stonemar Properties, LLC for their acquisition of Milford Plaza, a 180,051-square-foot, grocery-anchored retail center in Milford, Connecticut. -- HFF (Holliday Fenoglio Fowler, L.P.),Laurie Fish McDowell,Florham Park Nj  12/09/2008



→   HFF Secures $11.2 Million Refinancing For Chino, California Senior Housing Community
The Los Angeles office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has secured an $11.2 million refinancing for Hillsborough Village, a 196-unit senior housing community in Chino, California. -- HFF (Holliday Fenoglio Fowler, L.P.),Laurie Fish McDowell,Los Angeles Ca  12/09/2008



→   $70 Million Financing Arranged By HFF For Mixed-use Redevelopment In Linden, New Jersey
The Indianapolis office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it arranged $70 million in financing on behalf of Duke Realty Corporation for their mixed-use redevelopment of a former General Motors (GM) manufacturing plant in Linden, New Jersey. -- HFF (Holliday Fenoglio Fowler, L.P.),Laurie Fish McDowell,Indianapolis In  12/09/2008



→   Investec Debuts First Ground-up Smart & Final Extra! Store At New $17.5 Million Shopping Center in Palm Springs
Investec broke ground on Gene Autry Plaza, a new 60,000 sq. ft. shopping center in Palm Springs, Calif., which will feature a Smart & Final Extra! Store, Staples, 11,500 sq. ft. of shop space including Goody`s Café and a drive-thru Starbucks, plus a bronze statue of Gene Autry, the revered broadcasting and media pioneer and legendary singer widely known for popularizing the American Western musical and bringing professional baseball in the spring to Palm Springs. Completion is expected in April 2009. -- Monaghan Communications,Anne Monaghan,newport beach California  12/08/2008



→   `Change Your Credit, Change Your Future, Nowl`™
If your credit scores are high enough, you`ll qualify for a lender`s best rates. Your mailbox will be stuffed with low-rate offers from credit card issuers, and mortgage lenders will fight for your business. You`ll get great deals on auto financing if you need a car, home loans if you want to buy or improve a house, and small business loans if you decide to start a new venture. -- Credit Service Investigations, Inc.,Creditmd,   12/03/2008



→   Guaranteed Home Mortgage Company Announces New Survival Package for Struggling Mortgage Companies
Guaranteed Home Mortgage Company, Inc. (Guaranteed, www.ghmc.com), a White Plains, New York-based residential mortgage investment and banking firm, today announced a new survival package for struggling mortgage companies. The package consists of assistance in compliance, marketing, accounting and processing, and the use of proprietary software systems, under the Guaranteed umbrella. -- Guaranteed Home Mortgage Company, Inc.,Kelley Berkheiser,White Plains Ny  12/03/2008



→   Enhancement of Regular Refinancing Loans to Veterans
The Veteran's Benefits Improvement Act of 2008, Public Law 110-389, was recently signed into law by the President. This law addresses changes to the VA (Veteran's Administration) Loan Guaranty Program of which MoneyLine Lending is a sponsored lender. This bill, in addition to low fixed interest rates, improves and enhances housing benefits for veterans. -- MoneyLine Lending,Steve Gebhardt,Harrisburg Pa  12/03/2008



→   Mortgage Fraud Jumps by 45% on Fewer Loan Applications in U.S., Per the Mortgage Asset Research Institute (MARI)
Key Findings: Fraud Most Often Occurs at the Beginning of the Loan Process -- LexisNexis Risk & Information Analytics Group,Kimberly Tate-Nuwar,Reston Va  12/03/2008



→   Homex Announces 2009 Revenue Guidance Above the Industry's Expected Average Growth Rate
Desarrolladora Homex, S.A.B. de C.V. (Homex or the Company) (NYSE:HXM) (NYSE:BMV:) (NYSE:HOMEX) today announced its guidance for 2009. The Company expects to perform favorably in the year ahead with revenue growth in the range of 8 to 10 percent and EBITDA(1) margin in the range of 23.0 percent to 24.0 percent bolstered by continuing demand for affordable entry-level homes and the favorable mortgage conditions to finance them under federal housing programs. -- Desarrolladora Homex, S.A.B. de C.V.,,Culiacan Mexico  12/03/2008



→   Mortgage Applications Surge With Large Drop In Rates In Latest MBA Weekly Survey
-- Mortgage Bankers Association of America,Sarah Tinsley,Washington District of Columbia  12/03/2008



→   HFF Arranges Senior Loan For Hyatt Regency Sarasota In Sarasota, Florida
The Miami and Pittsburgh offices of HFF (Holliday Fenoglio Fowler, L.P.) announced today that they arranged a senior loan for the Hyatt Regency Sarasota, a 294-room hotel in Sarasota, Florida. -- HFF (Holliday Fenoglio Fowler, L.P.),Laurie Fish McDowell,Miami Fl  12/03/2008



→   HFF Arranges $13.7 Million Financing For 147 Milk Street In Boston`s Financial District
The Boston and Dallas offices of HFF (Holliday Fenoglio Fowler, L.P.) announced today that they arranged $13.7 million in financing for 147 Milk Street, a 52,337-square-foot medical office building in Boston’s Financial District. -- HFF (Holliday Fenoglio Fowler, L.P.),Laurie Fish McDowell,Boston Ma  12/03/2008



→   Coreland Companies Negotiates Four Leases Valued at Nearly $7.2 Million
Coreland Companies of Tustin, Calif., one of the largest private real estate service companies based in California, announced that its` leasing / sales division has negotiated four leases in Southern California for a total value of nearly $7.2 million. -- Monaghan Communications,Anne Monaghan,newport beach California  12/02/2008



→   Key Financial Figures Address Economic Crisis at InterACT 09
It`s the greatest economic crisis of a generation, and there`s no better time to learn from market leaders and your peers. Join us at InterACT 09 to discuss `The New Face of Risk` and explore ways to turn market-killing uncertainty into manageable risk. Held in New York City, March 10-13, the InterACT 09 Decision Management Conference introduces you to world-renowned economic authorities, as well as major financial thought leaders in credit management, insurance and more. These important influencers will lead in-depth, thoughtful conversations that look at the current economic crisis and its many impacts on your business—and your world. -- Fair Isaac Corporation,Rachel Carawan,Minneapolis Minnesota  12/02/2008



→   Basepoint™ Releases Industry`s Only Solution Specifically Designed To Identify Portfolio Risk
DefaultRisk™ and FraudMark® provide new risk insight enabling Mortgage Investors to quantify portfolio risk and systematically prioritize loans for refinance and modification -- BasePoint Analytics,Info,CARLSBAD ca  12/02/2008



→   The Leadership Vacuum: What We Lose With The Next Generation
The mass exodus of Baby Boomers from the workplace has already begun. According to the US Office of Personnel Management, between 2006 and 2010 Boomer retirement will have robbed American companies of nearly 290,000 full-time experienced employees. While the financial crisis has forced some to postpone retirement for a couple extra years, we can’t count on the majority of them to be fully contributing members of the workforce much longer. -- Talentsmart®,Jennifer Hewitt,   12/02/2008



→   Love Funding`s Ricks And Whatley Elected To Southwest Mortgagee Advisory Council And Southeast Mortgagee Advisory Council, Respectively
Love Funding is pleased to announce that Chad Ricks, First Vice President of Love Funding’s Dallas office, and Carolyn Whatley, First Vice President of the national mortgage-banking firm’s Palm Beach, Fla. office, have been appointed to serve on the Board of Directors for two financial advisory councils. Ricks will serve as a board member for the Southwest Mortgagee Advisory Council (SWAC), and Whatley has been elected to serve as secretary of the Southeast Mortgagee Advisory Council (SMAC). -- Love Funding Corp.,Robyn Cunningham,Washington Dc  12/02/2008



→   Important Facts You Should Know About Bear-cession Markets
Leon LaBrecque, managing partner and founder of LJPR, LLC, a firm managing over $300 million in assets, points out that we’ve had 13 bear markets (including our current one) since 1926, and 15 recessions (including our current one). There have been 9 bear-cessions. -- LJPR, LLC,Stephanie Riccobono,Troy Mi  12/02/2008



→   Imortgage Services Selected As Flagstar-approved Appraisal Provider
Independent Nationwide Vendor Provides Warrantied Appraisal Products -- iMortgage Services,Ed Austin,PITTSBURGH pa  12/02/2008



→   NAR Says Fed`s Buying of Fannie, Freddie Debt Will Drive Down Interest Rates and Help to Stabilize Housing
Great news for home buyers, home sellers and the U.S. economy is how the National Association of Realtors(R) greeted this morning`s announcement by the Federal Reserve that it will purchase housing-related debts of Fannie Mae and Freddie Mac, thus freeing up mortgage money on Main Street. -- National Association of Realtors,Lucien Salvant,Washington Dc  12/02/2008



→   Relocation.com Launches New Site to Help Consumers Plan Their Moves and Connect With Professional Services
Moving Bill of Rights Informs and Protects Consumers -- Relocation.com,Jennifer Cody,New York Ny  12/02/2008



→   Mortgage Industry Prevented Record-High 225,000 Foreclosures In October
Almost 2.7 Million Foreclosures Prevented Since July 2007 -- HOPE NOW,Kara Ross,Washington Dc  12/02/2008



→   Some Good Economic News in Time for the Holidays ...
Wachovia Foundation contributes $40,000 to SafeHome Philadelphia, helping to place homeless families in a "home of their own." -- Philadelphia Committee To End Homelessness,Brian McCabe,Philadelphia Pa  12/02/2008



→   Debt Settlement USA's Rising Consumer Debt Index Fueled by Skyrocketing Mortgage and Consumer Loan Delinquency Rates
Debt Settlement USA, a leading debt settlement company, today reported that the Consumer Debt Index (CDI) for the third quarter of this year stood at 13.55, up more than 6.5 percent since the end of the second quarter and nearly 30 percent since the third quarter last year (see graph). -- Debt Settlement USA,Jack Craven,Phoenix Az  12/02/2008



→   Credit Karma Provides Consumers With *Free* Access to Their TransUnion Credit Scores Thanks to TrueCredit.com
Credit Experts Empower Consumers to Take Critical Step to Understanding their Financial Situation -- Credit Karma, Inc.,Michael Azzano,San Francisco Ca  12/02/2008



→   Mortgage Attorneys See Surge in Cases
Legal actions tied to mortgage compliance, mortgage fraud and regulatory orders have surged, according to the Third Quarter Mortgage Litigation Report released by http://www.mortgagedaily.com/. The report, based on active cases covered by MortgageDaily.com, was prepared in conjunction with the law firm of Weiner Brodsky Sidman Kider PC, which is known as a leader for its work in mortgage banking litigation. -- MortgageDaily.com,Sam Garcia,Dallas Tx  12/02/2008



→   Freddie Mac Announces $1 Billion Reopening of 4.125% Five-Year Reference Notes(R) Security
Freddie Mac (NYSE:FRE) announced today that it plans to launch a $1 billion reopening of its 4.125% five-year USD Reference Notes(R) security that matures on September 27, 2013. The issue will price today, Monday, December 1, 2008, and will settle on Tuesday, December 2, 2008. -- Freddie Mac,Michael Cosgrove,Mclean Va  12/02/2008



→   Online Shoppers for Real Estate Closing Services Left Out of Final RESPA Rule
ClosingCorp says Instructions Discourage Consumer Choice -- ClosingCorp,Steve Cook,San Diego Ca  12/02/2008



→   First American CoreLogic Releases September 2008 LoanPerformance Home Price Index
- National Depreciation Rate Remains Steady for Eighth Consecutive Month - -- The First American Corporation,Carrie Gaska,Santa Ana Ca  12/02/2008



→   Mortgage Rates Drop to Lowest Level This Year
30-Year Rate Now at 5.32%, According to Zillow(R) Mortgage Rate Monitor -- Zillow.com,,   12/02/2008



→   Hanley Investment Group Hires John Halvorson as Sr. VP to Lead Strategic Expansion into Arizona
Hanley Investment Group Real Estate Advisors named industry veteran John Halvorson as senior vice president to focus on the Arizona retail market. Halvorson has over 20 years of comprehensive experience in the commercial real estate industry and has been involved in approximately one billion dollars in commercial real estate transactions including residential tracts, multi-family, office and retail properties. -- Monaghan Communications,Anne Monaghan,newport beach California  12/02/2008



→   eRAMP Introduces MERS Fraud Detection Support
Cyberlink Software Solutions, Inc. Improves Transparency For Mortgage Industry -- Cyberlink Software Solutions Inc.,Greg Uttal,Westlake Village Ca  12/01/2008



→   Amerisave now hiring 30 ICC employee`s immediately
-- Amerisave Mortgage Corp.,Kyle Zotter,Atlanta GA  12/01/2008



→   National Association Of Black Mortgage Brokers Attribute Drop In October Home Sales To Lack Of Homeownership Programs
Call for Reinstatement of Seller-Funded Downpayment Assistance -- National Association Of Black Mortgage Brokers,Brian Morris,   11/28/2008