Mortgage Lending October 15, 2009
Take action now! Call your House Financial Services Committee representative and ask him or her to support the following three amendments to HR 3126, the “Consumer Financial Protection Agency Ac -- NationalMortgageProfessional.com,NMP Media Services, 10/15/2009
As federal officials fret over a seemingly inevitable round two of devastating mortgage-related losses - this time in the commercial sector - regulators are hoping to stop some of the bleeding by push -- DSNews.com,Admin, 10/15/2009
Debate continues to rage within the residential mortgage market over the boogeyman known as the shadow inventory. Is it coming? If so, when? And how bad can it really be? -- DSNews.com,Admin, 10/15/2009
A Massachusetts judge has thrown a wrench into that state's foreclosure procedures by affirming that state law requires every mortgage transaction to be fully documented and opening the door to vo -- DSNews.com,Admin, 10/15/2009
It's no surprise that federal regulators have grown increasingly concerned in recent weeks over the direction of the commercial real estate market. But the depth of that concern is just now becomi -- DSNews.com,Admin, 10/15/2009
The Texas-based law firm of Baxter, Schwartz & Shapiro, LLP, a member of the LOGS Network of default servicing attorneys and legal professionals, recently announced that H. Gray Burks IV has joined th -- DSNews.com,Admin, 10/15/2009
Funds set up to invest in distressed real estate are running into some unexpected competition national builders that, far from being on the ropes, have hoarded cash and are now aggressive in the mark -- DSNews.com,Admin, 10/15/2009
Michigan-based Potestivo & Associates, P.C. announced Thursday that the firm has hired a new associate attorney, Herbert R. Worthy, Jr. He joins the firm's expanding default servicing department a -- DSNews.com,Admin, 10/15/2009
Hampered by its takeover of Countrywide with its huge mortgage portfolio, Bank of America is lagging other big lenders in getting loans modified under the government's Making Home Affordable progr -- DSNews.com,Admin, 10/15/2009
JP Morgan and other lenders are lobbying the Treasury Department to include interest-only periods for mortgages modified under federal guidelines. Interest-only loans are well-known as one of the subp -- DSNews.com,Admin, 10/15/2009
Coalition Presses for Sustainable Solution for Homeowners -- Mortgage Investors Coalition,Rebecca Carr,Washington 10/15/2009
After being delayed several times, the "Identity Theft Red Flags and Address Discrepancies" Final Rule (Red Flags Rule) will take effect Nov. 1, 2009. Time is running out for you to become -- NationalMortgageProfessional.com,NMP Media Services, 10/15/2009
Start: 10/16/2009 9:00 am End: 10/16/2009 5:00 pm Timezone: America/New York Start: 10/16/2009 9:00 am End: 10/16/2009 5:00 pm Timezone: America/New Yo -- NationalMortgageProfessional.com,NMP Media Services, 10/15/2009
Responding to recent testimony before the House Small Business Committee, the Appraisal Institute, the nation’s largest organization of real estate appraisers, reminded the Committee’s lea -- NationalMortgageProfessional.com,NMP Media Services, 10/15/2009
Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 4.92 percent with an average 0.7 point for the week -- NationalMortgageProfessional.com,NMP Media Services, 10/15/2009
Start: 10/21/2009 8:30 am End: 10/21/2009 4:00 pm Timezone: America/New York Start: 10/21/2009 8:30 am End: 10/21/2009 4:00 pm Timezone: America/New Yo -- NationalMortgageProfessional.com,NMP Media Services, 10/15/2009
Start: 11/05/2009 9:00 am End: 11/05/2009 6:00 pm Timezone: America/New York Start: 11/05/2009 9:00 am End: 11/05/2009 6:00 pm Timezone: America/New Yo -- NationalMortgageProfessional.com,NMP Media Services, 10/15/2009
Foreclosure activity in the United States set a new quarterly record in the three months ended September 30, increasing 5 percent from the previous quarter and 23 percent from the third quarter of 200 -- DSNews.com,Admin, 10/15/2009
Lend America, a Federal Housing Administration (FHA) lender based in Melville, New York, said it will begin acquiring its first pool of loans today through its new FHA-concentrated correspondent resid -- DSNews.com,Admin, 10/15/2009
One of the nation's premier ratings agencies announced this week almost two thirds of borrowers in boom-era residential mortgage-backed securities are underwater, leaving the door open for a new r -- DSNews.com,Admin, 10/15/2009
Mortgage interest rates rose slightly over the week, but rates on 30-year fixed mortgages remained below 5 percent for the third consecutive week, according to latest Primary Mortgage Market Survey fr -- DSNews.com,Admin, 10/15/2009
As it prepares to release third-quarter earnings, General Electric is a telling example of what can happen to a seemingly solid industrial conglomerate when, like an investment bank, it gets overlever -- DSNews.com,Admin, 10/15/2009
SunTrust Banks, Inc. (NYSE: STI) today announced that it has named Willem-Jan O. Hattink Executive Vice President and Head of Private Wealth Management and Institutional Investment Solutions. -- SunTrust Bank,Mike McCoy,Atlanta 10/15/2009
Investors in Charles Schwab YieldPlus Funds must soon decide whether they wish to participate in a certified national class action lawsuit or request exclusion to pursue individual arbitration claims, -- Page Perry, LLC,J. Boyd Page,Atlanta 10/15/2009
Study Shows Sawbuck Buyers Get 0.49% Lower Mortgage Rate -- Sawbuck Realty,Cynthia Pang Nowak,Washington 10/15/2009
Monarch Financial Holdings, Inc. (NASDAQ:MNRK) , the holding company for Monarch Bank, announced today that it had filed a registration statement with the U.S. Securities and Exchange Commission (the -- Monarch Financial Holdings, Inc.,Brad E. Schwartz,Chesapeake Va. 10/15/2009
Constitution Holdings Group to acquire Crystal Mortgage and take the company to be publicly traded on the NYSE. -- Crystal Mortgage,Crystal Mortgage,Piscataway New Jersey 10/15/2009
Provides Preliminary Third Quarter Results Demonstrates Progress on Secured Finance Initiatives -- Sunstone Hotel Investors, Inc.,Bryan Giglia,San Clemente Calif. 10/15/2009
Earthquake preparedness tips include steps to minimize personal injury, property damage, and create a 72-hour emergency care kit -- Mercury Insurance,Erik Thompson,Los Angeles 10/15/2009
PFGI Capital Corporation announced that a cash payment will be paid on November 17, 2009 on its Series A Preferred (NYSE:PFGIP.PK) and Series B Preferred. The distributions, accruing from August 18, 2 -- PFGI Capital Corporation,Fred Solomon,Cleveland 10/15/2009
As I sit here writing this column against the deadline, I’m reminded of my days as a young advertising copywriter when I occasionally needed a deadline as motivation to finish a boring project. -- NationalMortgageProfessional.com,NMP Media Services, 10/15/2009
In an Oct. 14 letter to the U.S. Committee on Financial Services, Reps. Barney Frank and Spencer Bachus, the National Association of Mortgage Brokers (NAMB), along with the American Ban -- NationalMortgageProfessional.com,NMP Media Services, 10/14/2009
The former head of Bear Stearns’ residential mortgage unit is partnering with First Arizona Savings FSB to launch a residential mortgage origination platform focused on opportunities in the Weste -- DSNews.com,Admin, 10/14/2009
Located at 9220 Hall Road in Downey on 7.1 acres, the sale transaction consisted of 45 industrial condominium units encompassing 174,380 square feet and situated in a newly completed 50-unit industria -- Coreland Companies,Anne Monaghan,DOWNEY CA 10/14/2009
LOS company has surpassed previous best growth year by 50% in first nine months alone, thanks to Internet delivery, the resurgence of FHA and cost-conscious lenders -- Mortgage Builder Software Inc,Keven Smith,Southfield Michigan 10/14/2009
With bankruptcies rising to over two million in 2009 and up to $400 billion at stake, automated “Proof of Claims” audits and filings help specialty servicer preserve lenders’ rights. -- Wingspan Portfolio Advisors,Marketing Department,Grand Prairie Tx 10/14/2009
New division offers relief to mortgage servicers struggling with short sales demand by leveraging HEART’s extensive borrower contact and loss mitigation experience -- Heart Financial Services,Rosalie Berg,Northbrook Il 10/14/2009
System Integration Makes Loan Guidelines Accessible to Loan Officers, Mortgage Bankers and Secondary Departments -- AllRegs,Krista Sabol,Eagan Minnesota 10/14/2009
The Mortgage Bankers Association (MBA) expects economic growth to continue through the rest of 2009 before slowing in the first half of 2010. Unemployment is expected to climb to 10.2 percent by the m -- NationalMortgageProfessional.com,NMP Media Services, 10/14/2009
With Servicers Stretched to Their Limit, It's Time to Take a Closer Look at the Fed's Home Affordable Modification Program-Including the Snags Hindering Its Success. -- DSNews.com,Admin, 10/14/2009
Pressure is mounting for Congress to extend the $8,000 tax credit for first-time homebuyers, currently scheduled to expire November 30, and perhaps extend it to all buyers. One expert economist argues -- DSNews.com,Admin, 10/14/2009
Top-tier homes make up almost twice the proportion of foreclosures as they did just three years ago, according to Zillow.com data, confirming the widespread perception that foreclosures are moving up- -- DSNews.com,Admin, 10/14/2009
If anybody knows tough times, it's Freddie Mac. And the government-sponsored mortgage financier says there are more tough times ahead. Two leading Freddie executives said this summer's evidenc -- DSNews.com,Admin, 10/14/2009
Mortgage demand slipped last week, after hitting its highest mark in four and a half months the week prior, according to Wednesday's Weekly Mortgage Applications Survey from the Mortgage Bankers A -- DSNews.com,Admin, 10/14/2009
J.P. Morgan Chase & Co. announced a mixed bag in its third-quarter earnings report Wednesday, just a day after it lobbied the government to permit more so-called "extend and pretend" loans to -- DSNews.com,Admin, 10/14/2009
Whether they were put on the defensive by charges of inaction or whether they were simply telling it as it is, executives at the Mortgage Bankers Association annual conference in San Diego this week s -- DSNews.com,Admin, 10/14/2009
As fears of a double-dip recession recede, fund managers are shifting more funds into equities with a renewed appetite for risk, according to a survey by BofA Merrill Lynch. -- DSNews.com,Admin, 10/14/2009
Veteran Team with $5.2 Billion in Assets Under Management Comes Aboard to Grow Funds Platform -- MBH Enterprises LLC,Dan Mahoney,Denver Co 10/14/2009
Wisemar, Inc., a management consulting firm to the financial services industry, announced today that it has appointed banking industry veteran Brian King as its President. -- Wisemar, Inc.,System Admin, 10/14/2009
Ellie Mae®, the award-winning software and service provider offering comprehensive business solutions for mortgage bankers, brokers, and other mortgage originators, was selected as a finalist in the a -- Ellie Mae Inc.,Rosalie Berg,Pleasanton California 10/14/2009
Secure online portal relieves lenders of major HVCC concern; empowers lenders to securely send and receive HVCC-compliant appraisals via the Internet -- Global DMS, LLC,Vladimir Bien-Aime,Lansdale Pa 10/14/2009
The Mortgage Bankers Association (MBA) today elected its Board of Directors for the 2009-2010 membership year at MBA's 96th Annual Convention & Expo in San Diego. The Board of Directors will be ch -- Mortgage Bankers Association of America,Carolyn Kemp,Washington District of Columbia 10/14/2009
Michael D. Berman, CMB, President and Chief Executive Officer of CW Capital of Needham, MA, today was named the new Chairman-Elect of the Mortgage Bankers Association (MBA) at MBA's 96th Annual Co -- Mortgage Bankers Association of America,Carolyn Kemp,Washington District of Columbia 10/14/2009
The Mortgage Bankers Association (MBA) today awarded Phillip W. Bracken, CMB, Executive Vice President of Wells Fargo Home Mortgage, with the Andrew D. Woodward Distinguished Service Award at the Asso -- Mortgage Bankers Association of America,Carolyn Kemp,Washington District of Columbia 10/14/2009
Michael W. Young, Chairman of the Board of Cenlar FSB, was elected today as the Vice Chairman of the Mortgage Bankers Association (MBA) during the association's 96th Annual Convention & Expo in Sa -- Mortgage Bankers Association of America,John Mechem,Washington District of Columbia 10/14/2009
Graduates Join the Ranks of Over 1,000 CMBs Committed to Excellence within the Mortgage Banking Industry -- Mortgage Bankers Association of America,Carolyn Kemp,Washington District of Columbia 10/14/2009
MBA expects economic growth to continue through the rest of 2009 before slowing in the first half of 2010. Unemployment is expected to climb to 10.2 percent by the middle of 2010 before beginning to m -- Mortgage Bankers Association of America,Sarah Tinsley,Washington District of Columbia 10/14/2009
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending October 9, 2009. The Market Composite Index, a measure of mortgage loan application v -- Mortgage Bankers Association of America,Sarah Tinsley,Washington District of Columbia 10/14/2009
The Mortgage Bankers Association (MBA) today adopted a model sale and servicing agreement it anticipates will become the standard form for industry participants to use voluntarily for whole loan purch -- Mortgage Bankers Association of America,John Mechem,Washington District of Columbia 10/14/2009
Genworth Financial, Inc. (NYSE:GNW) announces it has elected Christine B. Mead and Thomas E. Moloney as new independent directors, increasing the size of its Board from nine to eleven directors. -- Genworth Financial,Al Orendorff,Richmond Va. 10/14/2009
Home Ownership Protection Experts, Inc. (H.O.P.E.) finds itself having a Forrest Gump moment as up-front fee attorneys and modification companies across the state scramble to adjust to the new reality -- Home Ownership Protection Experts, Inc.,Denis Hann,Los Angeles 10/14/2009
Enterprise Acquisition Corp. (NYSE Amex, Units: "EST.U", Common Stock: "EST," Warrants: "EST.WS") ("Enterprise") announced today that it has commenced mailing its defin -- Enterprise Acquisition Corp.,Ezra Shashoua,Boca Raton Fla. 10/14/2009
LONDON, ENGLAND, October 14, 2009 /24-7PressRelease/ -- From Wednesday 7 October, borrowers will be able to benefit from even lower mortgages rates as Abbey reduces some of its fixed rate mortgage ran -- 24/7 Press Release Newswire,24/7 Media, 10/14/2009
LONDON, ENGLAND, October 14, 2009 /24-7PressRelease/ -- Buying is cheaper in every region except London -- 24/7 Press Release Newswire,24/7 Media, 10/14/2009
With the coming of fall, we will experience many changes, and I don’t mean only in the weather … Congress has concluded its summer recess and has returned to Washington, D.C. Without goin -- NationalMortgageProfessional.com,NMP Media Services, 10/14/2009
The football season kicked off just weeks ago, and every good coach knows that a strong defense can be the key to a winning season. That philosophy also applies to today’s mortgage industry&mdas -- NationalMortgageProfessional.com,NMP Media Services, 10/14/2009
I’ve been thinking a lot about what to share with you in this article on marketing. The truth is that I could have filled the entire magazine with the ideas, mistakes, proven campaigns and littl -- NationalMortgageProfessional.com,NMP Media Services, 10/14/2009
The Mortgage Bankers Association (MBA) has released its Weekly Mortgage Applications Survey for the week ending Oct. 9, 2009. The Market Composite Index, a measure of mortgage loan application volume -- NationalMortgageProfessional.com,NMP Media Services, 10/14/2009
With minimal resources available to them, few mortgage servicers have invested sufficiently in data management and predictive analytics to adequately identify borrowers most at risk -- but this appear -- NationalMortgageProfessional.com,NMP Media Services, 10/14/2009
Whether it’s a security breach at a national department store, a waiter scanning your credit card at a restaurant, or a lost wallet, identity theft is rampant. In 2008, according to the Federal -- NationalMortgageProfessional.com,NMP Media Services, 10/14/2009
The just-released Deloitte Consumer Spending Index rose again in September, hitting its highest level in two years. The firm's chief research economist says one factor contributing to this growth -- DSNews.com,Admin, 10/14/2009
What if each of the world's estimated one billion computers could be linked to focus on humanity's most pressing issues? To make this vision a reality, The Wirbicki Law Group, a Chicago-based -- DSNews.com,Admin, 10/14/2009
Home prices slid again in August, according to the latest index released Tuesday by Denver-based Integrated Asset Services, LLC (IAS).
The IAS360 fell 0.2 percent during the summer's final mon -- DSNews.com,Admin, 10/14/2009
Gov. Arnold Schwarzenegger signed nine housing bills into law this week. One in particular, Senate Bill 94, consumer advocacy groups are calling a clear victory for California's many troubled home -- DSNews.com,Admin, 10/14/2009
Pricing and managing derivatives often involves very challenging issues. Models could have complementary advantages, whereas, models suitable for vanilla derivatives cannot always fit complex instrume -- Pricing Partners,Eric Benhamou,Paris Paris 10/14/2009
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