Mortgage Lending December 15, 2009
In an effort to reduce the number of foreclosures across the country and keep customers in their homes, Wells Fargo & Company announced Saturday that it is continuing to expand its use of the federal -- DSNews.com,Admin, 12/15/2009
Five Brothers, a nationwide provider of mortgage field service solutions headquartered in Warren, Michigan, announced last week that the company has enhanced its proprietary MOTZ loss mitigation softw -- DSNews.com,Admin, 12/15/2009
Mortgage Contracting Services (MCS), a property preservation and inspection services provider to the mortgage industry, announced Monday that Todd Luckey has joined the company as assistant vice presi -- DSNews.com,Admin, 12/15/2009
As part of its financial reform package, the House of Representatives also approved Congressman Chaka Fattah's $3 billion Homeowners Emergency Mortgage Assistance (HEMA) plan. The congressman says -- DSNews.com,Admin, 12/15/2009
NeighborWorks America, a public/private nonprofit housing and community development corporation based in Washington, D.C., announced Saturday that it received a $425,000 grant from the Citi Foundation -- DSNews.com,Admin, 12/15/2009
Irvine, California-based Real Estate Disposition, LLC (REDC) has signed a definitive agreement with Pulte Homes, Inc., headquartered in Bloomfield Hills, Michigan, to acquire the Commerce Title retail -- DSNews.com,Admin, 12/15/2009
Citigroup announced Monday that after weeks of negotiations, regulators have approved the bank's plan to pay back the $20 billion it owes to the Troubled Asset Relief Program (TARP). As part of th -- DSNews.com,Admin, 12/15/2009
Berkadia Commercial Mortgage LLC has completed its acquisition of Capmark Financial's North American loan origination and servicing business. The sale, which carried a price tag of $515 million, i -- DSNews.com,Admin, 12/15/2009
Big banks are racing to pay back their bailout money and start the new year non-beholden to the American taxpayer or U.S. government. Wells Fargo is the last of the nation's major institutions to -- DSNews.com,Admin, 12/15/2009
In her testimony before the State Assembly Select Committee on the safety and protection of at-risk communities in California, Faith Schwartz, executive director of the HOPE NOW alliance, said more th -- DSNews.com,Admin, 12/15/2009
On Wednesday, LenderLive Network Inc., a Denver, Colorado-based provider of business process outsourcing and technology to the financial industry, will confirm its completion of all software upgrades -- DSNews.com,Admin, 12/15/2009
ISGN Solutions Inc. has completed its acquisition of the loan fulfillment services business from Fiserv, Inc.
The purchase will add broker price opinions, closing and settlement services, valuation -- DSNews.com,Admin, 12/15/2009
The value of commercial real estate is still falling, but across the country, the pace has slowed compared to earlier in the year, says Integra Realty Resources.
The New York-based company complet -- DSNews.com,Admin, 12/15/2009
According to the Zillow Mortgage Rate Monitor, rates for 30-year fixed mortgages, 15-year fixed mortgages, and 5-1 adjustable rate mortgages are increasing.
The weekly average rate borrowers were q -- DSNews.com,Admin, 12/15/2009
Bridger Commercial Funding announced Monday that it will resume originating new commercial real estate loans on income-producing properties for repackaging in commercial mortgage-backed securities (CM -- DSNews.com,Admin, 12/15/2009
In her statement to a congressional panel on Monday, Vicki Cox Golder, NAR president, said the Federal Housing Administration (FHA) mortgage insurance program is a critical part of the American housin -- DSNews.com,Admin, 12/15/2009
Fewer homebuyers are considering a foreclosure when they purchase a new home, according to RealtyTrac and Trulia.com.
The results of a new survey conducted by the two companies shows that 43 perce -- DSNews.com,Admin, 12/15/2009
The FDIC's board approved an advance notice of proposed rulemaking Tuesday regarding its safe harbor provision for securitized loans seized from failed banks, which would restrict the protection t -- DSNews.com,Admin, 12/15/2009
*** -- Hanley Investment Group Real Estate Advisors,Anne Monaghan,IRVINE CA 12/15/2009
Chapel Hill, NC (PRWEB) December 9, 2009 -- The loan program elected by the borrower triggers loan-program-specific appraisal independence standards. Even regulations that seem unrelated to collateral -- AIMSdashboard, LLC,Chris Williams,Chapel Hill Nc 12/15/2009
Cogent Road, a provider of Internet-based applications for the mortgage industry, announced it is offering an enhanced tool in its Funding Suite credit report management platform, called Client Insigh -- NationalMortgageProfessional.com,NMP Media Services, 12/15/2009
Prommis Solutions LLC, a provider of default processing services, has announced that Susan Staley has joined its business team as vice president of loss mitigation. Staley joins Prommis from Chrisley -- NationalMortgageProfessional.com,NMP Media Services, 12/15/2009
Phoenix-based CCG Catalyst, a provider of strategic guidance for banks, credit unions, mortgage lenders and other financial organizations, announced it offers business process improvement (BPI) servic -- NationalMortgageProfessional.com,NMP Media Services, 12/15/2009
We write this as professionals who have had numerous clients in the mortgage broker industry for many years, and as mortgage professionals who are very familiar with the Federal Housing Administration -- NationalMortgageProfessional.com,NMP Media Services, 12/15/2009
Commercial Mortgage Securities Association (CMSA) will testify today before the House Financial Services Committee where it will share its perspectives on the U.S. covered bond market. Christoph -- NationalMortgageProfessional.com,NMP Media Services, 12/15/2009
We have ended our perspective on what happened in the secondary markets with regard to the financial crisis. It is time to take a look at what is happening now. The stock market and certain financial -- NationalMortgageProfessional.com,NMP Media Services, 12/15/2009
The U.S. Department of Housing & Urban Development (HUD) has announced publication of a proposed rule setting the minimum standards that states must meet to comply with the Secure and Fair En -- NationalMortgageProfessional.com,NMP Media Services, 12/15/2009
The Mortgage Bankers Association (MBA) has announced the promotions of two employees to associate vice president and three employees to director. The two new associate vice presidents are Shelley Reba -- NationalMortgageProfessional.com,NMP Media Services, 12/15/2009
In an announcement Tuesday, Bethel, Connecticut-based Countdown to Buy (CTB) said it has secured over $1.1 million in funding from investors. As an online real estate marketplace aiming to offer a fai -- DSNews.com,Admin, 12/15/2009
BullMarket.com (http://www.bullmarket.com/), an online investment newsletter focused on long-term growth and income-generating stocks, announced today that it has published a special report on high-yi -- Indie Research Advisors, LLC,Marcie Martin,Princeton N.j. 12/15/2009
M&I Marshall & Ilsley Bank ("M&I Bank") announced the results to date of its offer to purchase for cash (the "Tender Offer") debt securities having an aggregate principal amount of up -- Marshall & Ilsley Corporation,Greg Smith,Milwaukee 12/15/2009
One quarter of potential movers searching homes for sale and homes for rent simultaneously, according to survey; New Zillow search helps home shoppers find for-sale and for-rent homes based on a month -- Zillow,Jill Simmons,Seattle 12/15/2009
UnitedTech Lender Services (UTLS) is delighted to announce the launch of its website, viewable and searchable at http://utls.com/ -- UnitedTech Lender Services,Stephen Weaver,Orange County Calif. 12/15/2009
National Rate Continues to Rise Monday, According to Zillow(R) Mortgage Rate Monitor -- Zillow,Katie Curnutte,Seattle 12/15/2009
Nationwide Building Society has cut fixed and tracker rates on selected mortgage products. -- Mortgages Direct Ltd,Neil Gatherum, 12/15/2009
Desarrolladora Homex, S.A.B. de C.V. (Homex or the Company) (NYSE:HXM) (NYSE:BMV:HOMEX) today announced its guidance for 2010. For the coming year, the Company expects to achieve sound revenue growth -- Desarrolladora Homex, S.A.B. de C.V.,Vania Fueyo,Culiacan Mexico 12/15/2009
Flagstar Bancorp, Inc. (NYSE:FBC) ("Flagstar" or the "Company"), the holding company for Flagstar Bank, FSB (the "Bank"), today announced that it intends to commence a rights o -- Flagstar Bank,Paul D. Borja,Troy Mich. 12/15/2009
Lincoln Appraisal & Settlement Services has confirmed their industry leading commitment to building trust with their clients by announcing they will continue to be in full compliance with all FHA Appr -- Lincoln Aappraisal & Settlement Services, LLC,Andrea Zimmern,Providence R.i 12/15/2009
Daily Dollar Facebook application makes saving for the holidays a snap -- SunTrust Bank,Hugh Suhr,Atlanta 12/15/2009
Real Estate Disposition, LLC (REDC), a real estate services company and the nation's largest real estate auction company, has signed a definitive agreement with Pulte Homes, Inc. (NYSE:PHM) , to a -- Real Estate Disposition, LLC,Rick Weinberg,Irvine Calif. 12/15/2009
- Important Step Toward Completion of Spin-Off of the Company's Financial Services Group - - Conference Call Scheduled to Review Key Information - -- First American Family of Companies,Carrie Gaska,Santa Ana Calif. 12/15/2009
The Swap a Solid application lets Facebook users exchange goods with their online networks -- SunTrust Bank,Hugh Suhr,Atlanta 12/15/2009
Bull Market Report (http://www.bullmarket.com/), an online investment newsletter focused on long-term growth and income-generating stocks, announced today that it has published a special report on hig -- Indie Research Advisors, LLC,Marcie Martin,Princeton N.j. 12/15/2009
Hard Money NYC, a private money lender specializing in commercial real estate financing, announced that it has closed a short term loan on a mixed use property in Bronx, New York in just 4 days. The b -- MortgageLatestNews,Admin, 12/15/2009
Mortgage lending has increased but repossessions are also back on the up, according to new data released today by the FSA. New loans being issued totalled £40 billion in the three months up to Septem -- MortgageLatestNews,Admin, 12/15/2009
DartAppraisal.com, the Troy, Mich.-based provider of nationwide residential real estate valuations, today announced Michael Dresden as director of operations. The announcement was made by Darton Case, -- Dart Appraisal Services,Kurt Hohmann,Bloomfield Hills Michigan 12/14/2009
ISGN Solutions Inc., a provider of technology products and services to the U.S. mortgage market, announced today that it has completed its previously announced acquisition of the Loan Fulfillment Serv -- NationalMortgageProfessional.com,NMP Media Services, 12/14/2009
State and federal regulators have shut the doors on three more financial institutions in Florida, Kansas, and Arizona, bringing the total number of failed banks so far in 2009 to 133. This year has se -- DSNews.com,Admin, 12/14/2009
JPMorgan Chase sold $500 million in mortgage bonds last week in the previously dormant secondary market for commercial mortgage-backed securities (CMBS). The New York-based lender's issue represen -- DSNews.com,Admin, 12/14/2009
In an announcement Friday, NetMore America, Inc. (NetMore), a next generation mortgage banker based in Walla Walla, Washington, said it has expanded into the East Coast marketplace by establishing a p -- DSNews.com,Admin, 12/14/2009
In an announcement Friday, the Federal Housing Administration (FHA) said it reached a settlement agreement with Equitable Trust Mortgage Corporation (ETM) of Baltimore, Maryland. ETM has settled witho -- DSNews.com,Admin, 12/14/2009
Despite all the government's efforts to thaw frozen credit and the billions of dollars pumped into the system, banks are still reluctant to lend.
President Obama assembled executives from the -- DSNews.com,Admin, 12/14/2009
Statement by CEI John Berlau -- Competitive Enterprise Institute,Richard Morrison,Washington Dc 12/14/2009
If it seems too good to be true, then it probably is. That could be the mantra repeated by scores of investors entangled with several local hard money lenders responsible for San Luis Obispo County re -- MortgageLatestNews,Admin, 12/14/2009
The BoE made the assessment after conducting a survey on 2,000 households who said that at least half of them have noticed falling monthly payments of over £100 over the last year, with almost a quar -- MortgageLatestNews,Admin, 12/14/2009
DoubleLine to Manage Core and Mortgage-Backed Fixed Income Portfolios Oaktree to Assist and Advise DoubleLine in Its Start-up and Support Its Operations Oaktree to Take a Minority Interest in DoubleLi -- DoubleLine LLC,Mike Sitrick,Los Angeles 12/14/2009
As the New Year quickly approaches and the economy starts to show signs of stabilizing, Americans young and old are asking themselves what their top financial goals will be for 2010. -- Edward Jones,Lauren Carmody,St Louis 12/14/2009
Acquisition Target Company Highlights -- Chardan 2008 China Acquisition Corp.,Kerry Propper,Tortola British Virgin Islands 12/14/2009
HR 4173, the Wall Street Reform and Consumer Protection Act of 2009, is quickly on its way through the legislative process. If passed in its current form, the provision to "sunset" the Home Va -- StreetLinks National Appraisal Services,Brad Summers,Indianapolis 12/14/2009
Desarrolladora Homex, S.A.B. de C.V. ("Homex") announced today the completion of a private offering of US$250,000,000 of 9.50% Senior Notes due 2019 (the "Senior Notes"). -- Desarrolladora Homex, S.A.B. de C.V.,Vania Fueyo,Culiacan Mexico 12/14/2009
New England football star Jarvis Green will highlight the grand opening celebration slated for Webster Bank's new Providence banking office, Tuesday, Dec. 15 from 12 - 2 p.m. -- Webster Bank,Brenda Greene,Providence R.i. 12/14/2009
ARMOUR Residential REIT, Inc. (NYSE Amex: ARR; ARR.WS) (the "Company") today announced that it received notice from the Staff of the NYSE Amex, LLC (the "Exchange") on December 7, 2009 -- ARMOUR Residential REIT, Inc.,Jeffrey Zimmer,Boca Raton Fla. 12/14/2009
Loan Sales in Progress to Reduce Credit Risk -- Central Pacific Financial Corp.,David Morimoto,Honolulu 12/14/2009
Today, Gerardo de Nicolas, Chief Executive Officer of Homex (NYSE:HXM) , participated in the Knowledge Wharton Second Annual Real Estate Forum, here in New York City. Mr. de Nicolas joined an internat -- Desarrolladora Homex, S.A.B. de C.V.,Vania Fueyo,New York 12/14/2009
IBERIABANK Corporation (NASDAQ:IBKC) , holding company of 122-year old IBERIABANK (www.iberiabank.com) and IBERIABANK fsb (www.iberiabankfsb.com), is pleased to announce the appointment of H. Gregg St -- IBERIABANK Corporation,Daryl G. Byrd,Lafayette La. 12/14/2009
BullMarket.com (http://www.bullmarket.com/), an online investment newsletter focused on long-term growth and income-generating stocks, announced today that it has published a special report on high-yi -- Indie Research Advisors, LLC,Marcie Martin,Princeton N.j. 12/14/2009
Little-known Federal Agency Backed Dozens of Lenders with Checkered Pasts -- Center for Public Integrity,Media,Washington Dc 12/14/2009
The Real Estate Investment Securities Association (REISA) has selected Brandon Balkman as the new Executive Director. -- Real Estate Investment Securities Association (REISA),Jill Delaney,Indianapolis In 12/14/2009
The Independent Community Bankers of America (ICBA) today sent a letter to Congress voicing its position on several amendments that will be considered during the House’s debate on the Wall Street Refo -- The Independent Community Bankers of America,Aleis Stokes,Washington DC 12/14/2009
Completes licensing process in Maryland and receives Mortgage Lender License -- NetMore America, Inc. (NetMore),Info,Walla Walla WA 12/14/2009
Only 31,382 homeowners have been put into permanent mortgage modifications, according to data released Thursday by the Treasury … -- Pro Publica Inc,System Admin, 12/14/2009
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending December 4, 2009. The Market Composite Index, a measure of mortgage loan application -- Mortgage Bankers Association of America,Sarah Tinsley,Washington District of Columbia 12/14/2009
Robert E. Story, Jr., CMB, Chairman of the Mortgage Bankers Association, today issued the following statement after the U.S. House of Representatives passed the conference report for H.R. 3288, the Co -- Mortgage Bankers Association of America,John Mechem,Washington District of Columbia 12/14/2009
Robert E. Story, Jr., CMB, Chairman of the Mortgage Bankers Association, today issued the following statement after the U.S. House of Representatives passed H.R. 4173, the Wall Street Reform and Consu -- Mortgage Bankers Association of America,John Mechem,Washington District of Columbia 12/14/2009
Jan S. Sternin, CMB, Senior Vice President of Commercial and Multifamily at the Mortgage Banker Association, issued the following statement after the U.S. House passed H.R. 4173, the Wall Street Refor -- Mortgage Bankers Association of America,John Mechem,Washington District of Columbia 12/14/2009
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