Mortgage Lending April 15, 2010
The U.S. economy is continuing to show signs of recovery, according to the Federal Reserve Beige Book published this week. Based on information collected across the country from businesses and contact -- DSNews.com,Admin, 04/15/2010
In an announcement Wednesday, Wells Fargo & Co. said it initiated or completed three modifications for every one foreclosure sale on owner-occupied properties from October 2009 through March 2010. As -- DSNews.com,Admin, 04/15/2010
Howard Hanna Real Estate Services, a real estate company headquartered in Pittsburgh, recently joined the Zillow Listings Feed Program. This partnership enables Howard Hanna to automatically feed all -- DSNews.com,Admin, 04/15/2010
ServiceLink, a provider of origination and default services and Fidelity National Financial's national lending platform, announced Thursday the opening of one new office in Rancho Cucamonga, Calif -- DSNews.com,Admin, 04/15/2010
HOPE LoanPort, the new Web-based housing counselor tool that streamlines the submission of completed loan modification applications, announced Thursday that it has inked commitments from Coral Gables, -- DSNews.com,Admin, 04/15/2010
Effective April 19, 2010, Anthony Tony Renzi will assume the role of EVP of single family portfolio management at Freddie Mac, the McLean, Virginia-based company announced Thursday. In this newly-crea -- DSNews.com,Admin, 04/15/2010
The House Financial Services' housing subcommittee held a formal hearing this week on the administration's new initiatives to provide help to underwater and unemployed homeowners through the H -- DSNews.com,Admin, 04/15/2010
JPMorgan Chase & Co. said a “broad-based” economic recovery boosted first-quarter earnings 55 percent, surprising analysts with record fixed-income trading revenue and a better- than-expected -- MortgageLatestNews,Admin, 04/15/2010
Starting this summer, struggling Michigan homeowners will get additional help with their mortgages. Gov. Jennifer Granholm and the Michigan State Housing Development Authority announced on Wednesday h -- MortgageLatestNews,Admin, 04/15/2010
Lincoln Appraisal & Settlement Services, a national Appraisal Management Company (AMC) and Settlement Services Company, has added Live Well Financial as their newest client. A seasoned vetera -- NationalMortgageProfessional.com,NMP Media Services, 04/15/2010
ServiceLink, a provider of origination and default services and Fidelity National Financial`s national lending platform, has announced the opening of one new office in Rancho Cucamonga, Calif. and the -- NationalMortgageProfessional.com,NMP Media Services, 04/15/2010
Chase has announced that it plans to hire 300 local mortgage officers in the New York Tri-State area in the next six months to help more Chase customers finance home purchases or reduce their monthly -- NationalMortgageProfessional.com,NMP Media Services, 04/15/2010
Robert E. Story Jr., CMB, chairman of the Mortgage Bankers Association (MBA), testified before the Subcommittee on Housing and Community Opportunity Committee on Financial Services at a hearing entitl -- NationalMortgageProfessional.com,NMP Media Services, 04/15/2010
The administration of Michigan Gov. Jennifer Granholm has unveiled the state`s proposed plan to distribute $154.5 million in federal funds beginning this summer that should help more than 17,000 Michi -- NationalMortgageProfessional.com,NMP Media Services, 04/15/2010
HOPE LoanPort, the Web-based housing counselor tool that streamlines submission of completed loan modification applications, has announced that Bayview Loan Servicing LLC and Ocwen Loan Servicing LLC -- NationalMortgageProfessional.com,NMP Media Services, 04/15/2010
GMAC Mortgage LLC has announced that it has launched a Virtual Sales Network (VSN) to market its suite of mortgage products. This innovative new sales channel is expected to attract more home buyers -- NationalMortgageProfessional.com,NMP Media Services, 04/15/2010
The conclusion of the Federal Reserve's mortgage purchase program had many worried that mortgage rates would jump to sky-high levels. And the uninterrupted increase in rates during the weeks follo -- DSNews.com,Admin, 04/15/2010
Ablitt Law Offices, P.C. recently announced that Lawrence F. Scofield has joined its team, bringing about a name change of the firm to Ablitt Scofield, P.C. Ablitt Scofield is a full service law firm -- DSNews.com,Admin, 04/15/2010
In a glimmer of hope for the commercial real estate market, the office sector may be nearing stabilization, according to the first quarter 2010 National Office Trends Report released Wednesday by Cass -- DSNews.com,Admin, 04/15/2010
SmartGFE Service integrated with Calyx(R) Point(R) 7.2 helps lenders comply with new HUD rules -- Premier Closing Solutions,Steve Cook,San Diego 04/15/2010
Company successfully completes offering and will weigh additional opportunities to increase capital levels -- First Mariner Bancorp,Dennis Finnegan,Baltimore 04/15/2010
- Christine Schultz to head U.S. Marketing Team and Louise Brandy joins as U.S. IT Director - -- Colliers International,Richard Mulieri,Seattle 04/15/2010
Company Offers Business Opportunity to Sell Merchant Cash Advances Abroad -- Capital Access Network, Inc.,Carrie Crabill,New York 04/15/2010
NewRetirement.com, a retirement information and advocacy company, has released a new reverse mortgage calculator for seniors and their relatives. The new calculator is available both direct to consume -- NewRetirement.com,Paul Lowrey,San Francisco 04/15/2010
Move, Inc. Survey Finds Investors, Economy, Lifestyle Needs Trigger Home Sale Transactions -- Buyers` Resource-San Fernando Valley, CA-Paramount,Julie Reynolds,Campbell California 04/15/2010
--Company Initiates Tender Offer on Public Debt-- -- First American Family of Companies,Carrie Gaska,Santa Ana California 04/15/2010
Additional Remediation Required; NYID 1310 Order to Remain in Effect -- Syncora Holdings Ltd.; Syncora Guarantee Inc.,Michael Corbally,New York 04/15/2010
James Flanagan has joined Southwest Securities, FSB, the commercial banking subsidiary of SWS Group, Inc. (NYSE:SWS) , as Senior Vice President, Head of Commercial Collateral Management. -- Southwest Securities, FSB,Ben Brooks,Dallas 04/15/2010
Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE:EV) , announced today the launch of Eaton Vance Short Term Real Return Fund (the "Fund"), a new income mutual fund seeking to ea -- Eaton Vance Management,Robyn Tice,Boston 04/15/2010
The Federal Housing Administration (FHA) in Mortgagee Letter 2010-14 has announced the acceptance of electronic signatures on third party documents included in the case binder for mortgage insurance e -- NationalMortgageProfessional.com,NMP Media Services, 04/15/2010
The foreclosure tide is still rising. RealtyTrac reported Thursday that foreclosure filings were brought against nearly one million properties during the first three months of 2010. That's a seven -- DSNews.com,Admin, 04/15/2010
SAN DIEGO, CA, April 15, 2010 /24-7PressRelease/ -- San Diego remodeling firm Jackson Design & Remodeling (JDR), winner of the 2009 BBB Torch Award for Business Ethics, announced today it has won the -- 24/7 Press Release Newswire,24/7 Media, 04/15/2010
Northfield Bank has announced that it has selected PHH Mortgage, a subsidiary of PHH Corporation, as a strategic partner for its mortgage loan origination and servicing business. "Partnering -- NationalMortgageProfessional.com,NMP Media Services, 04/14/2010
DoubleLine Funds Trust has launched an open-end mutual fund, DoubleLine Total Return Bond Fund, which will invest in mortgage-backed securities (MBS). The company says the fund seeks to exploit pricin -- DSNews.com,Admin, 04/14/2010
Mount Laurel, New Jersey-based PHH Mortgage Corporation, a private label outsourcing company that provides cost-effective mortgage solutions for financial institutions, real estate brokers, and govern -- DSNews.com,Admin, 04/14/2010
AllRegs, a mortgage information provider used by virtually all of the top 100 lenders and numerous government agencies, was recently named as the newest preferred vendor for Lenders One Mortgage Coope -- DSNews.com,Admin, 04/14/2010
The Home Affordable Modification Program (HAMP) has been the target of some heavy criticism, with naysayers taking aim at everything from the program's slow progress to servicers' lack of capa -- DSNews.com,Admin, 04/14/2010
Regulatory compliance has become a major issue in the mortgage industry. And to help lenders stay ahead of pending state and regulatory changes, Wolters Kluwer Financial Services, a Minneapolis-based -- DSNews.com,Admin, 04/14/2010
James D. MacPhee, CEO of Kalmazoo County State Bank in Schoolcraft, Michigan, was recently elected as 2010-2011 chairman of the Independent Community Bankers of America (ICBA), the only trade associat -- DSNews.com,Admin, 04/14/2010
Two government programs that extend new options to homeowners who are unable to make their mortgage payments will lean even more heavily upon field service firms, according to National Creditors Conne -- DSNews.com,Admin, 04/14/2010
The day Treasury released new numbers for its Home Affordable Modification Program (HAMP), the Congressional Oversight Panel put out its own report.
More than a year into the program, and Treasury -- DSNews.com,Admin, 04/14/2010
Dollar, yen fall; euro pares gains on Moody’s comments. NEW YORK, April 14 (Reuters) - The euro and other currencies regarded as higher risk rose on Wednesday after Singapore effectively revalue -- MortgageLatestNews,Admin, 04/14/2010
WASHINGTON — Before Washington Mutual collapsed in the largest bank failure in U.S. history, its executives knowingly created “a mortgage time bomb” by steering borrowers to subprime mor -- MortgageLatestNews,Admin, 04/14/2010
The Obama Administration has released questions for public comment on the future of the housing finance system, including Fannie Mae and Freddie Mac, and the overall role of the federal government in -- NationalMortgageProfessional.com,NMP Media Services, 04/14/2010
A new book published by the Appraisal Institute provides practical instruction on the appraisal review process and helps promote greater understanding between reviewers and appraisers. The Appraisal I -- NationalMortgageProfessional.com,NMP Media Services, 04/14/2010
The Mortgage Bankers Association (MBA) has released its Weekly Mortgage Applications Survey for the week ending April 9, 2010. The Market Composite Index, a measure of mortgage loan application volum -- NationalMortgageProfessional.com,NMP Media Services, 04/14/2010
A new California state law allows taxpayers to immediately exclude from their income the amount of mortgage debt on their home loan that has been forgiven by their lender. The law largely brings Calif -- NationalMortgageProfessional.com,NMP Media Services, 04/14/2010
Wolters Kluwer Financial Services has added new functionality to its StateLink tool to help mortgage lenders prepare to comply with pending state and federal regulatory changes. StateLink, which provi -- NationalMortgageProfessional.com,NMP Media Services, 04/14/2010
Wells Fargo & Company has reported that it had 523,336 active trial and completed modifications as of March 31 through its own modification programs and the federal Home Affordable Modification Pr -- NationalMortgageProfessional.com,NMP Media Services, 04/14/2010
Marking the second consecutive week of decreased activity, mortgage application volume tumbled 9.6 percent for the week ending April 9, 2010, the Mortgage Bankers Association (MBA) reported Wednesday. -- DSNews.com,Admin, 04/14/2010
NewOak Capital has named Chad J. Burhance managing director and head of its NewOak Solutions division, which provides portfolio risk analytics, credit, and advisory services to institutional investors -- DSNews.com,Admin, 04/14/2010
Got an insider's view into the workings of the nation's mortgage market, what's right and what's wrong? How about a strategy on reforming the housing finance system? President Obama an -- DSNews.com,Admin, 04/14/2010
The Federal Housing Finance Agency (FHFA) recently released its Foreclosure Prevention and Refinance Report, detailing the actions the government-sponsored enterprises (GSEs) have taken to prevent for -- DSNews.com,Admin, 04/14/2010
GMAC Financial Services today announced that its mortgage subsidiary, Residential Capital, LLC (ResCap), has agreed to sell its European mortgage assets and businesses to affiliates of certain funds m -- GMAC Financial Services,Gina Proia,Minneapolis 04/14/2010
Federal Judge awards $2.6 million to 7 families and sets standard for remediation -- Baron & Budd, P.C.,Susan Knape,New Orleans 04/14/2010
Eagle Investment Systems LLC, a leading provider of financial services technology and a subsidiary of BNY Mellon, today announced that Industrial Alliance Insurance and Financial Services Inc. based i -- Eagle Investment Systems LLC,Kendra Ahern,Boston 04/14/2010
Bank Has Modified 560,000 Mortgages Since January 2008 Through All Programs -- Bank of America,Dan Frahm,Calabasas California 04/14/2010
Report Includes Data as of February 2010 Month-End -- Lender Processing Services,Michelle Kersch,Jacksonville Florida 04/14/2010
SunTrust Banks, Inc. (NYSE: STI) today announced it is reviewing strategic options for portions of its institutional investment management business, a move consistent with the Company's ongoing st -- Suntrust Mortgage, Inc.,Mike McCoy,Atlanta 04/14/2010
Whirlpool Corporation announces a new partnership with Toll Brothers, Inc., the nation's leading builder of luxury homes. Under the agreement, Whirlpool Corporation will be the appliance partner f -- Whirlpool Corporation,Whitney Dean,Benton Harbor Michigan 04/14/2010
Mortgage Veteran and Visionary to Drive the Institute's Education and Industry Outreach Initiatives -- The Five Star Institute,Carrie Bay,Dallas 04/14/2010
A notification program began today in the United States, including Puerto Rico and recognized territories of the U.S., as ordered by the United States District Court for the Western District of Kentuc -- United States District Court for the Western District of Kentucky,Ben Barnow,Louisville Ky. 04/14/2010
This year has seen a big decline in the number of non-bank mortgage lenders to close down, according to the Mortgage Graveyard from MortgageDaily.com. But the improvement was more than offset by a spi -- MortgageDaily.com,MortgageDaily.com,Dallas 04/14/2010
IBERIABANK (www.iberiabank.com), the 123-year-old subsidiary of IBERIABANK Corporation, is pleased to announce the naming of H. Spurgeon Mackie, Jr. as Executive Vice President and Executive Credit Of -- IBERIABANK,Beth Ardoin,Lafayette La. 04/14/2010
The Federal Home Loan Bank of New York ("FHLBNY") announced today that, in response to the damage done to many local communities due to recent severe weather, the FHLBNY has committed to provi -- Federal Home Loan Bank of New York,Eric Amig,New York 04/14/2010
The website is for a company with multiple loan officers and even with multiple locations. Each loan agent will appear within the location they work out of and will each have their own webpage and ind -- Morsystems, Inc.,Shelly Whitworth,Carmel CA 04/14/2010
Lender Processing Services Inc. (LPS), a provider of integrated technology and services to the mortgage and real estate industries, has announced that PHH Mortgage, a subsidiary of PHH Corporation, ha -- NationalMortgageProfessional.com,NMP Media Services, 04/14/2010
Jack Hopkins, president and chief executive officer of CorTrust Bank in Sioux Falls, S.D., has testified before Congress, on behalf of the Independent Community Bankers of America (ICBA), that the hou -- NationalMortgageProfessional.com,NMP Media Services, 04/14/2010
Blueberry Systems LLC, a provider of mortgage technology solutions to the financial services industry, has integrated its loan production platform, RELAY, with Mortgage iQ customer management technolo -- NationalMortgageProfessional.com,NMP Media Services, 04/14/2010
Last November, the board of commissioners of Cook County, Illinois, agreed to include a $3 million amendment in the county's budget in order to create a mortgage foreclosure mediation program. The -- DSNews.com,Admin, 04/13/2010
Following the severe flooding in Rhode Island, HUD recently instituted a 90-day moratorium on foreclosures of Federal Housing Administration (FHA)-insured mortgages in four counties across the state, -- DSNews.com,Admin, 04/13/2010
Florida's Ocwen Loan Servicing has acquired the residential mortgage servicing rights on 38,000 loans with an aggregate unpaid principal balance of $6.9 billion. Sources confirm Saxon Mortgage Ser -- DSNews.com,Admin, 04/13/2010
In another win for Standard & Poor's and Moody's Corp., U.S. District Judge Jed Rakoff dismissed a lawsuit claiming the companies defrauded investors who relied on their ratings before buying -- DSNews.com,Admin, 04/13/2010
In the latest of a string of homeownership preservation events offered by HOPE NOW, representatives from more than a dozen mortgage servicers and several local HUD-approved housing counselors were on -- DSNews.com,Admin, 04/13/2010
In an announcement Tuesday, Real Estate Disposition, LLC (REDC), a real estate auction company based in Irvine, California, said it sold 100 percent of the San Lorenzo condominiums it auctioned in the -- DSNews.com,Admin, 04/13/2010
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