Mortgage Lending April 30, 2010
Treasury Secretary Timothy Geithner says servicers are failing in their efforts to modify loans for Americans facing foreclosure.
Geithner told a Senate subcommittee that his office has received & -- DSNews.com,Admin, 04/30/2010
After two-and-a-half years, Seth Wheeler is resigning from his post as senior advisor for the U.S. Treasury Department. Wheeler, originally hired under former Treasury Secretary Henry Paulson, was a k -- DSNews.com,Admin, 04/30/2010
In an announcement Friday, Fannie Mae said it is changing the eligibility criteria for purchasing and securitizing adjustable-rate mortgage (ARM) products. For ARMs with an initial period of five year -- DSNews.com,Admin, 04/30/2010
Only 10 percent of distressed commercial real estate from a year ago has been resolved and is no longer held by the lender, according to data released this week by the research firm Real Capital Analy -- DSNews.com,Admin, 04/30/2010
Prudential Mortgage Capital Company, a commercial and multifamily mortgage finance business based in Newark, New Jersey, announced Friday that it has launched the Agency Gateway program, a new short t -- DSNews.com,Admin, 04/30/2010
Colorado lawmakers are hoping to mitigate the effects widespread foreclosures are having on local communities in the state.
This week, Gov. Bill Ritter signed into law a bill that he says will sec -- DSNews.com,Admin, 04/30/2010
Loan-Score Decisioning Systems, an enterprise-class pricing and automated underwriting solutions provider, has announced that Sierra Pacific Home Loans Inc., a retail operated mortgage banker, is util -- NationalMortgageProfessional.com,NMP Media Services, 04/30/2010
Mortgagebot LLC has announced a new pre-ferred referral alliance with Jacksonville, Fla.-based MortgageFlex Systems Inc., a provider of loan origination software (LOS) systems to mortgage lenders nati -- NationalMortgageProfessional.com,NMP Media Services, 04/30/2010
President Obama submitted his choices for three new Federal Reserve governors to the U.S. Senate Thursday. The nominations include: Dr. Janet L. Yellen, president of the Federal Reserve Bank of San Fr -- DSNews.com,Admin, 04/30/2010
In a proposal submitted to the Treasury Department, the California Housing Finance Agency (CalHFA) detailed how it plans to use $699.1 million in federal aid made available through the administration& -- DSNews.com,Admin, 04/30/2010
Weltman, Weinberg & Reis Co., L.P.A., a creditors' rights and collection service law firm based in Cleveland, recently announced that partner Larry R. Rothenberg was recognized as a Top Real Estat -- DSNews.com,Admin, 04/30/2010
Despite the wide-spread impact the mortgage meltdown has had on the U.S. economy, today’s borrowers continue to spend very little time researching their home loan, a recent Zillow survey found.
-- DSNews.com,Admin, 04/30/2010
The civil charges brought against investment bank Goldman Sachs for allegedly defrauding mortgage investors could turn criminal. Federal prosecutors with the U.S. attorney's office in Manhattan ar -- DSNews.com,Admin, 04/30/2010
In an effort to further educate consumers about the home buying process, Calabasas, California-based Bank of America Home Loans has unveiled an enhanced online home loan guide that includes customized -- DSNews.com,Admin, 04/30/2010
Loan Capital Advisors focuses on building relationships between buyers and sellers of loans. "Obviously, the loan industry, in particular the secondary markets, has experienced its most challengin -- Loan Capital Advisors,Ellen,Palmetto Florida 04/30/2010
The U.S. economy grew at a 3.2 percent annual rate in the first three months of the year, evidence that the economic recovery continues to plug along but that growth is not accelerating in a way that -- MortgageLatestNews,Admin, 04/30/2010
In April, the year-on-year increase in house prices returned to double figures for the first time since June 2007, the Nationwide Building Society has said. So is the housing market back to where it w -- MortgageLatestNews,Admin, 04/30/2010
The Federal Trade Commission (FTC) has put a permanent stop to another mortgage foreclosure “rescue” operation that allegedly promoted bogus loan modification and foreclosure relief s -- NationalMortgageProfessional.com,NMP Media Services, 04/30/2010
Stephen M. Calk, founder, chairman and chief executive officer of Chicago Bancorp, has announced that Jeffrey Walker has joined the firm as the new president of Chicago Bancorp Direct, the company`s d -- NationalMortgageProfessional.com,NMP Media Services, 04/30/2010
Just as the traditional spring home buying season kicks into high gear, Bank of America Home Loans is unveiling an enhanced online home loan guide that will educate consumers about the home buying pro -- NationalMortgageProfessional.com,NMP Media Services, 04/30/2010
U.S. Department of the Treasury Secretary Timothy F. Geithner has delivered testimony before the Senate Committee on Appropriations Subcommittee on Financial Services and General Government. In his te -- NationalMortgageProfessional.com,NMP Media Services, 04/30/2010
Latest Data Show Nearly One-Third of Mortgage Loan Defaults are Strategic -- Kellogg School of Management,Meg Washburn,Chicago 04/30/2010
A 41-year-old Prior Lake, Minn., man was sentenced today in federal court in St. Paul, Minn., on charges connected to an equity-skimming scheme that targeted vulnerable homeowners. U.S. District Court -- U.S. Department of Justice,Jeanne F. Cooney,St Paul Minnesota 04/30/2010
Mario S. Levis, aka "Sammy Levis," was found guilty on securities and wire fraud charges after a five-week jury trial before U.S. District Judge Thomas P. Griesa for his role in a scheme to de -- U.S. Department of Justice,Yusill Scribner,New York 04/30/2010
A New Interactive Resource and an Enhanced Clarity Commitment® Loan Summary Prepare Consumers to Buy a Home with Confidence -- Bank of America,Jumana Bauwens,Calabasas California 04/30/2010
The Trustees of Eaton Vance Limited Duration Income Fund, a diversified closed-end investment company (NYSE Amex: EVV) (the "Fund"), have approved a change to the Fund's investment policie -- Eaton Vance,Investors,Boston 04/30/2010
Marshall & Ilsley Corporation (NYSE:MI) (M&I) will present at the RBC Capital Markets' Financial Institutions Conference at 9:30 a.m. (Eastern Daylight Time) Tuesday, May 4 at the Four Seasons Hot -- Marshall & Ilsley Corporation,Greg Smith,Milwaukee 04/30/2010
The following is being issued by Fannie Mae (NYSE:FNM) : -- HomePath,Katherine Constantinou,Washington 04/30/2010
Lincoln Appraisal & Settlement Services is Building Long-term Partnerships with Clients through Personalized Service -- Lincoln Aappraisal & Settlement Services, LLC,Kaitlyn Grant,Providence R.i. 04/30/2010
The following is being issued by Fannie Mae (NYSE:FNM) : -- HomePath,Katherine Constantinou,Washington 04/30/2010
Report Includes Data as of March 2010 Month-End -- Lender Processing Services,Michelle Kersch,Jacksonville Florida 04/30/2010
LONDON, ENGLAND, April 30, 2010 /24-7PressRelease/ -- Life Insurance for a man aged 30, covering a GBP150,000 mortgage, costs GBP17.05 a month from HSBC and GBP15.95 a month from RBS. The same cover f -- 24/7 Press Release Newswire,24/7 Media, 04/30/2010
MANCHESTER, ENGLAND, April 30, 2010 /24-7PressRelease/ -- Commonplace just a few years ago, zero percent credit card deals were the staple diet of the financial consumer. Almost every lender had a dea -- 24/7 Press Release Newswire,24/7 Media, 04/30/2010
Borrowers who refinanced in the first quarter of 2010 reaped the benefits of low interest rates. In fact, one-half of borrowers who refinanced their conventional loans during the first three months of -- DSNews.com,Admin, 04/29/2010
Data released by RealtyTrac Thursday shows that cities in the typical foreclosure hot spots of California, Florida, Nevada, and Arizona once again accounted for the nation's 20 highest foreclosure -- DSNews.com,Admin, 04/29/2010
On Thursday, the National Community Reinvestment Coalition (NCRC) released findings of a new study indicating that subprime lending and subsequent resulting foreclosures contained a clear racial compo -- DSNews.com,Admin, 04/29/2010
The Kansas City, Missouri-based default servicing law firm Martin, Leigh, Laws & Fritzlen, P.C. has announced the addition of four new attorneys to the firm: David Renovitch, William H. Meyer, Melinda -- DSNews.com,Admin, 04/29/2010
Wells Fargo Securities announced Thursday that it has expanded its residential mortgage-backed securities (RMBS) platform to provide a full suite of advisory, structuring, research, distribution, and -- DSNews.com,Admin, 04/29/2010
"Mixed results" has been the predominant theme among industry studies the last couple of weeks. The latest report from Lender Processing Services held true to form.
The Florida-based compa -- DSNews.com,Admin, 04/29/2010
March marked another month of stabilization for the residential real estate market in Massachusetts. According to a report released Thursday by The Warren Group, a provider of real estate data in New -- DSNews.com,Admin, 04/29/2010
Two House Democrats have introduced a bill to create a right to rent for homeowners facing foreclosure. The bill would allow a family receiving a foreclosure notice to petition a judge to stay in thei -- DSNews.com,Admin, 04/29/2010
Safeguard Properties has announced the launch of its new marketing Web site SafeguardProperties.com. The new site was developed based on feedback and input from Safeguard's key audiences - clients -- DSNews.com,Admin, 04/29/2010
The legal wranglings continue for what was once the nation's premier subprime mortgage lender, Countrywide Financial Corp. The company was hit with another lawsuit Wednesday, this time from United -- DSNews.com,Admin, 04/29/2010
Mortgage rates seem to be in a holding pattern. While still relatively low, rates remained flat for the second week in a row, Freddie Mac and Bankrate reported Thursday. According to Freddie Mac's -- DSNews.com,Admin, 04/29/2010
Due to the high levels of home price declines and unemployment in the Sunshine State, Florida Housing Finance Corporation (Florida Housing) was selected as one of five state housing finance agencies t -- DSNews.com,Admin, 04/29/2010
Conference to help clients succeed and thrive in today's challenging financial environment -- Experian Inc.,Kristine Snyder,Costa Mesa California 04/29/2010
Banks.com, Inc. (NYSE Amex: BNX) (the "Company", "Banks.com"), a leading operator of financial services focused media properties and search related websites, today announced it has ret -- LaSalle Bank FSB,Dan O'Donnell,San Francisco 04/29/2010
New Zillow(R) Mortgage Marketplace Survey Shows Borrowers Shopping around Less Than Two Years Ago; One-third Spent Less Than Two Hours Researching and Shopping for Home Financing Options -- Zillow,Katie Curnutte,Seattle 04/29/2010
Mortgage rates showed little movement once again this week, with the average conforming 30-year fixed mortgage inching lower to 5.21 percent, according to Bankrate.com's weekly national survey. Th -- Bankrate.com,Kayleen Yates,New York 04/29/2010
The Administrator of the U.S. Small Business Administration, Karen Mills, will provide the keynote address at next month's Annual Meeting of the trade association representing the nation's Cer -- National Association of Development Companies (NADCO),Merril Ferber,Mclean Va. 04/29/2010
Study of DC area loans reveals racial component to lending and foreclosure unexplained by objective underwriting criteria -- National Community Reinvestment Coalition,Jesse Van Tol,Washington 04/29/2010
Redwood Trust, Inc. (NYSE:RWT) today announced the closing of a $238 million prime jumbo residential mortgage loan securitization sponsored by its wholly-owned subsidiary, RWT Holdings, Inc. The mortg -- Redwood Trust, Inc.,Mike McMahon,Mill Valley California 04/29/2010
Successful Auctions for First Time Buyers, Owner-Occupants Combine Federal Neighborhood Stabilization Funds And HomeSteps(R) Closing Cost Assistance, 2-Year Home Warranty -- Freddie Mac,Brad German,Mclean Va. 04/29/2010
Middleburg Financial Corporation (the "Company") (NASDAQ:MBRG) , announced today that Mr. Gary R. Shook has been named Chief Executive Officer, effective May 1, 2010. In addition to becoming C -- Middleburg Financial Corporation,Gary R. Shook,Middleburg Va. 04/29/2010
Astoria Financial Corporation (NYSE:AF) , announced that it will be participating in the RBC Capital Markets' Financial Institutions Conference on May 3, 2010. Astoria's President and Chief Op -- Astoria Financial Corporation,Peter J. Cunningham,Lake Success N.y. 04/29/2010
Currently, Fannie Mae does not require lenders to confirm each borrower’s identity prior to the extension of credit. For the past three years, loan repurchase requests have risen due to incomplete and -- SettlementOne, Inc.,SettlementOne,San Diego California 04/29/2010
Governor Schwarzenegger Signs $10,000 Homebuyer Tax Credit Legislation -- 1st Nationwide Mortgage,Chris,Orange County California 04/29/2010
Stocks rose as companies from Motorola Inc. to Unilever NV reported better-than-estimated earnings and European leaders moved closer to helping Greece. Higher-yielding currencies strengthened after th -- MortgageLatestNews,Admin, 04/29/2010
A little-known investment firm has found itself caught up in the Securities and Exchange Commission’s fraud case against Goldman Sachs, The Wall Street Journal reported. GSC Group, based in New Jers -- MortgageLatestNews,Admin, 04/29/2010
Entitle Direct has created an informational guide to help consumers benefit from the new Good Faith Estimate (GFE). This is the first in a series of guides from the industry innovator to help demystif -- NationalMortgageProfessional.com,NMP Media Services, 04/29/2010
Wells Fargo Securities has announced that it has expanded its Residential Mortgage-Backed Securities (RMBS) platform. The RMBS group now provides a full suite of advisory, structuring, research, distr -- NationalMortgageProfessional.com,NMP Media Services, 04/29/2010
Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 5.06 percent with an average 0.7 point for the week -- NationalMortgageProfessional.com,NMP Media Services, 04/29/2010
The Mortgage Monitor report released by Lender Processing Services Inc. (LPS), a provider of mortgage performance data and analytics, showed mixed results with the nation`s home loan market. Modest im -- NationalMortgageProfessional.com,NMP Media Services, 04/29/2010
In July 2008, the Federal Reserve Board approved a final rule, which amends Regulation Z (the Truth-in-Lending Act) and was adopted under the Homeownership and Equity Protection Act (HOEPA). The new r -- NationalMortgageProfessional.com,NMP Media Services, 04/29/2010
Paris-London-Singapore-Hong Kong: April 29, 2010 -- Pricing Partners,Eric Benhamou,Paris Paris 04/29/2010
RANCHO CUCAMONGA, CA, April 29, 2010 /24-7PressRelease/ -- OnlineAutoInsurance.com has released a new video to assist motorists in understanding the importance of comparing rates from a variety of com -- 24/7 Press Release Newswire,24/7 Media, 04/29/2010
CORAL SPRINGS, FL, April 29, 2010 /24-7PressRelease/ -- The topic, `Professional Development, How to Drive Your Career Forward`, will see Ron Daratany discuss relevant topics including establishing in -- 24/7 Press Release Newswire,24/7 Media, 04/29/2010
LONDON, ENGLAND, April 29, 2010 /24-7PressRelease/ -- This is the fifth time L&C have won this award in the past seven years; a feat achieved by no other mortgage broker, and reconfirms their position -- 24/7 Press Release Newswire,24/7 Media, 04/29/2010
DALLAS, TX, April 29, 2010 /24-7PressRelease/ -- If you are considering starting your own business, or if you have a business, you should consider getting a business attorney. A business is a legal en -- 24/7 Press Release Newswire,24/7 Media, 04/29/2010
ST. MICHAELS, MD, April 29, 2010 /24-7PressRelease/ -- DIYorNot.com, the online site featured as `one of the 20 best money Web sites` in the March, 2010 issue of Money magazine, announces the launch o -- 24/7 Press Release Newswire,24/7 Media, 04/29/2010
The Arizona Department of Housing (ADOH), one of five state housing finance agencies slated to receive federal funding through the administration's Hardest Hit Fund, has submitted a proposal to th -- DSNews.com,Admin, 04/28/2010
In an announcement Wednesday, the First American Corporation said it has selected CoreLogic as the new corporate name for its Information Solutions Group. This new name is part of the previously-annou -- DSNews.com,Admin, 04/28/2010
The Federal Housing Administration (FHA) has taken a lot of heat lately for the growing number of delinquencies in its portfolio. But new data released this week shows that the agency is making signif -- DSNews.com,Admin, 04/28/2010
March was a positive month for the Twin Cities housing market, according to a report released Wednesday by the Minneapolis Area Association of Realtors (MAAR). Using data from the regional multiple li -- DSNews.com,Admin, 04/28/2010
Warren, Michigan-based Five Brothers, a nationwide provider of commercial and residential mortgage default management solutions, recently announced the release of two new service offerings, including -- DSNews.com,Admin, 04/28/2010
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