Mortgage Lending October 31, 2009
At the request of members of the United States Congress, the Federal Trade Commission (FTC) is delaying enforcement of the “Red Flags” Rule until June 1, 2010, for financial institutions a -- NationalMortgageProfessional.com,NMP Media Services, 10/31/2009
Mutual of Omaha Bank has launched a mortgage lending operation in Texas and appointed John V. Kelly III as Texas region manager of residential mortgage sales, the company announced. Based in Dallas, K -- NationalMortgageProfessional.com,NMP Media Services, 10/31/2009
Following is a Joint Statement on Risk Retention from the Community Mortgage Banking Project and the Community Mortgage Lenders of America: -- Community Mortgage Banking Project; Community Mortgage Lenders of America,Glen Corso,Washington 10/31/2009
Legendary Hollywood actor, Peter Graves, will receive a Star on the Hollywood Walk of Fame today to celebrate and recognize his 60 years of service to film and television. The Hollywood Walk of Fame S -- American Advisors Group,Teague McGrath,Irvine Calif. 10/31/2009
In the news release, Fidelity D & D Bancorp, Inc. Third Quarter 2009 Financial Results, issued 29-Oct-2009 by Fidelity D & D Bancorp, Inc. over PR Newswire, we are advised by the company that in the S -- Fidelity D & D Bancorp, Inc.,Patrick J. Dempsey,Dunmore Pa. 10/31/2009
October 31, 2009 /24-7PressRelease/ -- Homeowners May be Able to Prevent Foreclosure through Mediation Program -- 24/7 Press Release Newswire,24/7 Media, 10/31/2009
U.S. District Judge Alexander Williams Jr. has sentenced Sidney Okosun, age 41, a Nigerian national residing in Washington, D.C., to 18 months in prison followed by five years of supervised release fo -- NationalMortgageProfessional.com,NMP Media Services, 10/30/2009
The number of empty homes in the United States - including foreclosures, residences for sale, and vacation properties - rose during the third quarter, according to data released by the U.S. Census Bur -- DSNews.com,Admin, 10/30/2009
There was no final word from Capitol Hill on an extension of the homebuyer tax credit this week, as was expected. The latest version of the legislation has morphed yet again, with new credit amounts a -- DSNews.com,Admin, 10/30/2009
The House Financial Services Committee has passed HR 3890, the Accountability and Transparency in Rating Agencies Act, introduced by Rep. Paul E. Kanjorski (D-PA), Chairman of the House Financial Serv -- NationalMortgageProfessional.com,NMP Media Services, 10/30/2009
The $8,000 first-time homebuyer tax credit is set to be extended until April 30, 2010. The Obama Administration has urged Congress to pass legislation to extend the program from its original Dec. 1, 2 -- NationalMortgageProfessional.com,NMP Media Services, 10/30/2009
Google has announced that it is beginning to test a new feature of its AdWords called AdWords Comparison Ads, which lets users compare multiple, relevant offers more easily. Comparison Ads is part of -- NationalMortgageProfessional.com,NMP Media Services, 10/30/2009
The U.S. Department of Housing & Urban Development (HUD) announced that its Mortgagee Review Board (MRB) is proposing to permanently withdraw the HUD/FHA approval of Financial Mortgage USA In -- NationalMortgageProfessional.com,NMP Media Services, 10/30/2009
The Federal Deposit Insurance Corporation (FDIC) has released a policy statement, FIL-61-2009, on prudent commercial real estate loan workouts. According to the statement, the financial regulators rec -- NationalMortgageProfessional.com,NMP Media Services, 10/30/2009
DebtX has announced that Bill Looney has been promoted to the position of president of U.S. loan sales. Looney, who was previously executive vice president of DebtX, will continue to be responsib -- NationalMortgageProfessional.com,NMP Media Services, 10/30/2009
Standard & Poor's has placed seven mortgage insurance companies on its CreditWatch with negative implications, meaning a downgrade is likely. The ratings agency said many insurers have already rep -- DSNews.com,Admin, 10/30/2009
The Obama administration's top economist and housing czar have joined forces to persuade lawmakers to pass three key measures they said would further stabilize the housing market.
Treasury Secr -- DSNews.com,Admin, 10/30/2009
Disagreements between Obama administration officials over financial regulations became public in a spectacular way Thursday, when Federal Deposit Insurance Corp. Chairwoman Sheila Bair lobbied Congres -- DSNews.com,Admin, 10/30/2009
A federal judge ordered Capmark Financial Group this week to push back the deadline it had set to receive bids for its commercial mortgage servicing business. Capmark, one of the nation's largest -- DSNews.com,Admin, 10/30/2009
Legislation was approved by both the House and Senate Thursday that extends the higher loan limits currently in place for mortgages backed by Fannie Mae, Freddie Mac, and the Federal Housing Administr -- DSNews.com,Admin, 10/30/2009
The Federal Home Loan Bank system, weighed down by bad mortgage investments, took a $165 million net hit in the third quarter. Capital woes at the system's 12 Depression-era banks could have a rip -- DSNews.com,Admin, 10/30/2009
The Home Valuation Code of Conduct (HVCC) instituted by Fannie Mae and Freddie Mac last May has been a topic of heated debate and driven a wedge between industry players since it took form. But the co -- DSNews.com,Admin, 10/30/2009
The House Financial Services Committee passed by a large margin a bill that toughens regulation on credit rating agencies, and for the first time, sets conditions that would allow investors to sue the -- DSNews.com,Admin, 10/30/2009
The Homeownership Preservation Foundation (HPF) has asked all HOPE NOW Alliance partners to stop using its housing counseling hotline - the well-recognized 888-995-HOPE number - on door hangers left b -- DSNews.com,Admin, 10/30/2009
Growing problems in commercial real estate won't set off a new banking crisis, Treasury Secretary Timothy Geithner said Friday. "That's a problem the economy can manage through even though -- DSNews.com,Admin, 10/30/2009
PrimeSource Mortgage, Inc. (PSMI), a leading mortgage brokerage and banking company, and a wholly owned subsidiary of PSM Holdings, Inc. (OTC:PSMH) (BULLETIN BOARD: PSMH) today announced the opening o -- PSM Holdings, Inc.,Jeffrey R. Smith,Roswell N.m. 10/30/2009
OneBeacon Insurance Group, Ltd. (NYSE:OB) today reported book value per share of $14.44, an increase of 8.4% for the third quarter and 24.0% through nine months, including dividends. -- OneBeacon Insurance Group, Ltd.,Todd Mills,Hamilton Bermuda 10/30/2009
Following is the daily "Profile America" feature from the U.S. Census Bureau: -- US Census,Rick Reed,Washington 10/30/2009
UnitedTech Lender Services Inc., holding company to UTLS Default Services and UTLS Technology, which provide end-to-end products and services to lenders and servicers across the United States, announc -- UnitedTech Lender Services Inc.,Stephen Weaver,Orange County Calif. 10/30/2009
Other topics will cover issuer to investor dialogue; CPE credit available -- XBRL US,Michelle Savage,Washington 10/30/2009
The AFL-CIO Housing Investment Trust (HIT) has asked housing expert and Vietnam veteran Thomas J. O'Malley to serve as the Director of its Veterans Housing Initiative. In this capacity, Mr. O' -- AFL-CIO Housing Investment Trust,Michael K. Frisby,Washington 10/30/2009
The Real Estate Investment Securities Association (REISA) awarded four members with its fourth annual A Champion of Excellence (ACE) Award at its annual conference held in Las Vegas. -- Real Estate Investment Securities Association (REISA),Jill Delaney,Indianapolis In 10/30/2009
The Mortgage Bankers Association (MBA) today applauded passage of legislation that will maintain the existing loan limits for Fannie Mae, Freddie Mac and the Federal Housing Administration (FHA) throu -- Mortgage Bankers Association of America,John Mechem,Washington District of Columbia 10/30/2009
Swedish Solutions for Financial Literacy Arrive in the United States Providing Relief for Number Haters -- ,Matthew Wolf,Powell Ohio 10/30/2009
Investment by NGEN, Draper Fisher Jurvetson, and others supports rollout of Property Assessed Clean Energy (PACE) programs nationally -- Severn Williams Media for Renewable Funding,Severn Williams,Oakland Ca 10/30/2009
With Billions of dollars in liquidity, The Receivables Exchange stands ready to fill the liquidity gap -- The Receivables Exchange,Laurie Azzano,New Orleans La 10/30/2009
The Independent Community Bankers of America (ICBA) today told Congress it supports critical systemic-risk legislation that was released earlier this week by the Obama administration and the House Fin -- The Independent Community Bankers of America,Bill Grassano,Washington DC 10/30/2009
The Independent Community Bankers of America (ICBA) today told Congress that while the Overdraft Protection Act, H.R. 3904, will curb abusive overdraft practices, it will also drastically limit the ab -- The Independent Community Bankers of America,Bill Grassano,Washington DC 10/30/2009
Interthinx has announced that its PredProtect Compliance Suite now performs Mortgage Disclosure Improvement Act (MDIA) calculations that automatically determine when new disclosures are required and w -- NationalMortgageProfessional.com,NMP Media Services, 10/30/2009
At a House Financial Services Committee hearing held Oct. 29 on the Obama Administration’s 253 page draft legislation to reform the financial regulatory system, Members of the Committee and witn -- NationalMortgageProfessional.com,NMP Media Services, 10/30/2009
The Mortgage Bankers Association (MBA) has applauded the passage of legislation that will maintain the existing loan limits for Fannie Mae, Freddie Mac and the Federal Housing Administration (FHA) thr -- NationalMortgageProfessional.com,NMP Media Services, 10/30/2009
Flagstar Bank, a subsidiary of Flagstar Bancorp Inc., has announced that it was named the 2009 Innovative Lender by Mortgage Technology magazine publisher, SourceMedia, at the organization&# -- NationalMortgageProfessional.com,NMP Media Services, 10/30/2009
Freddie Mac released the results of its weekly mortgage interest rate survey Thursday, which showed little change in long-term rates â a good sign for the nation's fragile housing markets. -- DSNews.com,Admin, 10/29/2009
SunGard has been named a preferred vendor to the financial services industry in the annual Financial Technology (FinTech) 100 Rankings, published by American Banker and Financial Insights, an IDC comp -- SunGard EXP,Adriana Senior,Wayne Pa. 10/29/2009
Capitol Acquisition Corp. ("Capitol") (NYSE Amex: CLA; CLA.U; CLA.WS) and Two Harbors Investment Corp. ("Two Harbors") today announced the completion of their merger transaction and th -- Capitol Acquisition Corp.,Pen Pendleton,New York 10/29/2009
Attorneys have a new tool in their arsenal to use in Loan Modification, Foreclosure Defense and Foreclosure Mediation. It is a Historical Revised Real Estate Appraisal which is completed in the usual -- Retro Appraisals LLC,Steven Greene,Delray Beach Fla. 10/29/2009
Southwest Securities, Inc. has opened a new taxable fixed income office at 44 Montgomery Street in San Francisco to serve institutional customers. -- Southwest Securities, Inc.,Jim Bowman,Dallas 10/29/2009
The average conforming 30-year fixed mortgage rate inched higher to 5.35 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.37 disc -- Bankrate.com,Kayleen Yates,New York 10/29/2009
deVere UK, a subsidiary of the deVere Group, the world's largest independent international financial consultancy group, announced today that it has established new agreements with renowned mortgag -- deVere Group,Beverley Yeomans,Sliema Malta 10/29/2009
Generates $84 million of Cash Proceeds Company to Focus on Principal Investments -- Arlington Asset Investment Corp.,Kurt Harrington,Arlington Va. 10/29/2009
W Holding Company, Inc. (NYSE:WHI) (the "Company"), the bank holding company of Westernbank Puerto Rico (the "Bank"), today announced that it has completed its 2008 financial statement -- Westernbank Puerto Rico,Vixson Baez,Mayaguez Puerto Rico 10/29/2009
Charlotte, NC-based Waterstone Capital Advisors is pleased to announce that Webster Hughes has joined the company as a Managing Director of the company's new Consulting and Investment Banking busi -- Waterstone Capital Advisors,Mike Schoenstein,Charlotte N.c. 10/29/2009
Treasury Secretary Tim Geithner and HUD Secretary Shaun Donovan called on Congress to approve three important measures to improve housing and the housing market for Americans: Extension of the First-T -- NationalMortgageProfessional.com,NMP Media Services, 10/29/2009
The U.S. Court of Appeals for the Third Circuit has green lighted a proposed class action brought by homebuyers against mortgage lender Countrywide Financial Corporation and its affiliated reinsurer, -- NationalMortgageProfessional.com,NMP Media Services, 10/29/2009
Marshall & Swift (M&S) has created a Web-based repair cost program specifically for use by Realtors, appraisers, lenders, and others in the mortgage servicing industry. Repair Cost Express (RC -- NationalMortgageProfessional.com,NMP Media Services, 10/29/2009
Wolters Kluwer Financial Services announced the company has expanded its comprehensive Loss Mitigation Service to include fair lending compliance consulting. The company’s experts with strong ex -- NationalMortgageProfessional.com,NMP Media Services, 10/29/2009
The rate of decline in home prices is slowing so that the bottom of the market is now expected to be reached in March, First American CoreLogic said in its monthly analysis. The company also says that -- DSNews.com,Admin, 10/29/2009
Standard & Poor's Fixed Income Risk Management Services (FIRMS), an analytics and research unit separate from S&P's ratings business, and Santa Ana, California's Veros Real Estate Solution -- DSNews.com,Admin, 10/29/2009
It looks like another round for David against Goliath as renters appear to have foiled the landmark $5.4 billion 2006 deal for two Manhattan apartment complexes. It was the most expensive real estate -- DSNews.com,Admin, 10/29/2009
Neil Barofsky, Congress' special inspector general for the Troubled Asset Relief Program (TARP), makes no bones about his frustration with the Treasury's management of the $700 billion purse. -- DSNews.com,Admin, 10/29/2009
The despair and desperation that often accompanies a foreclosure seems to have gotten the best of one California couple - but it turned to outright violence when they kidnapped and beat the loan modif -- DSNews.com,Admin, 10/29/2009
Net Income of $144.7 Million, or $1.22 Per Diluted Share -- Assurant, Inc.,Drew Guthrie,New York 10/29/2009
Company participates in FDIC's Temporary Liquidity Guarantee Program -- GMAC Financial Services,Gina Proia,Detroit 10/29/2009
____________ -- ProfNet,John Alan James, 10/29/2009
Flagstar Bank, a subsidiary of Flagstar Bancorp, Inc., (NYSE:FBC) , today announced it was named the 2009 Innovative Lender by Mortgage Technology magazine publisher, SourceMedia, at the organization& -- Flagstar Bank,Susan Cherry,Troy Mich. 10/29/2009
Hudson City Bancorp, Inc. ("Hudson City") (NASDAQ:HCBK) , the largest savings bank and one of the top 25 banks in the United States, reported today that the Bank increased its deposit market s -- Hudson City Bancorp, Inc.,Susan Munhall,Paramus N.j. 10/29/2009
Newly Instated Hotline Escalation Scam Team to Assist Victims -- Homeownership Preservation Foundation,Sarabeth Patch,Washington 10/29/2009
Enterprise Acquisition Corp. (NYSE Amex, Units: "EST.U", Common Stock: "EST," Warrants: "EST.WS") ("Enterprise") announced today that it has rescheduled the special mee -- Enterprise Acquisition Corp.,Ezra Shashoua,Boca Raton Fla. 10/29/2009
The PNC Financial Services Group, Inc. (NYSE:PNC) announced today that Senior Vice Chairman William S. Demchak will discuss business performance and strategy at the BancAnalysts Association of Boston -- The PNC Financial Services Group, Inc.,Brian E. Goerke,Pittsburgh 10/29/2009
New Specialty Practice Commissions Survey that Reveals Key Insight on Economic Environment's Impact on Private Foundations -- SunTrust Bank,Hugh Suhr,Atlanta 10/29/2009
Standard & Poor's Fixed Income Risk Management Services (FIRMS), an analytics and research unit separate from S&P's ratings business, that delivers solutions to help investors perform greater -- Standard & Poor`s,Michael Privitera,New York 10/29/2009
On Jan. 1, 2010, new regulations affecting estimation and paperwork protocols for property loans will go into effect. Among other things, these new regulations will require title companies to improve -- NationalMortgageProfessional.com,NMP Media Services, 10/29/2009
Fiserv Inc., a global provider of financial services technology solutions, has released an analysis of home price trends in more than 375 U.S. markets based on the Fiserv Case-Shiller Home Price Index -- NationalMortgageProfessional.com,NMP Media Services, 10/29/2009
Within the past year, we in the financial industry have witnessed catastrophic economic changes like never before seen in modern times. The change, while seeming to erupt from a typical soft market, e -- NationalMortgageProfessional.com,NMP Media Services, 10/29/2009
Representatives of the National Association of Credit Management (NACM) have introduced the association’s dedicated blog, LinkedIn group and Twitter page. Read and comment on a diverse sele -- NationalMortgageProfessional.com,NMP Media Services, 10/29/2009
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