Mortgage Lending May 31, 2010
Fidelity National Financial, Inc. (NYSE:FNF) , a leading provider of title insurance, mortgage services, specialty insurance and information services, today announced the closing of the sale of its 32 -- Fidelity National Financial, Inc.,Daniel Kennedy Murphy,Jacksonville Fla. 05/29/2010
America's small businesses have experienced a "greater" Great Recession than other business segments, and the nation's prospects for economic recovery depend importantly on the prospec -- TD Bank,Jennifer Morneau,Cherry Hill N.j 05/29/2010
As previously announced, Independent Bank Corporation (NASDAQ:IBCP) , the holding company of Independent Bank, a Michigan-based community bank ("we," "us" or the "Company"), ha -- Independent Bank Corporation,Robert Shuster,Ionia Michigan 05/29/2010
Walter Investment Management Corp. (NYSE Amex: WAC) an asset manager, mortgage servicer and mortgage portfolio owner announced today it will be presenting at the Keefe, Bruyette & Woods 2010 Diversifi -- Walter Investment Management Corp.,Whitney Finch,Tampa Florida 05/29/2010
DJSP Enterprises, Inc. (NASDAQ:DJSP) (NASDAQ:DJSPW) (NASDAQ:DJSPU) , one of the largest providers of processing services for the mortgage and real estate industries in the United States, today announc -- DJSP Enterprises, Inc.,David J. Stern,Plantation Fla. 05/29/2010
Adam Valdez, a San Fernando Valley real estate agent and businessman, has decided to help families understand the foreclosure process one family at a time. Having worked in the real estate business du -- Paragon Saol Realty Group,Aurora Munoz,Encino California 05/29/2010
The most recent Home Affordable Modification Program (HAMP) report released by the U.S. Treasury shows extremely low conversion rates from trial to permanent modifications, especially for servicers th -- DSNews.com,Admin, 05/29/2010
A 10-count indictment has been unsealed charging six individuals with conspiracy to commit wire fraud and wire fraud, announced U.S. Attorney Karen P. Hewitt. The defendants are charged with submitti -- NationalMortgageProfessional.com,NMP Media Services, 05/28/2010
An indictment was unsealed against Kirk H. Kirby, Sholonda Y. Johnson, and Royal K. Williams, charging them with three counts, each, of wire fraud, in connection with a real estate investment scheme t -- NationalMortgageProfessional.com,NMP Media Services, 05/28/2010
The Federal Trade Commission (FTC) has created a “teaser” Web site for a fictitious lending company that warns consumers about how easy it is to be fooled by scammers charging up-fron -- NationalMortgageProfessional.com,NMP Media Services, 05/28/2010
Ocwen Loan Servicing LLC is reported to be purchasing HomEq Servicing, the mortgage servicing business of Barclays Capital, for $1.3 billion. Barclays will provide Ocwen, a subsidiary o -- NationalMortgageProfessional.com,NMP Media Services, 05/28/2010
The percentage of past due loans held by the nation's largest mortgage financier has fallen.
In its monthly summary report just released, Fannie Mae said the serious delinquency rate on single -- DSNews.com,Admin, 05/28/2010
NeighborWorks America reports that 58 percent of homeowners who've received assistance through its foreclosure counseling program say the primary reason they are facing foreclosure is reduced or l -- DSNews.com,Admin, 05/28/2010
Barclays said Friday that it has agreed to sell HomEq Servicing, its U.S. mortgage servicing business, to Ocwen Loan Servicing, LLC. Ocwen will pay $1.3 billion "in cash on completion," Barcla -- DSNews.com,Admin, 05/28/2010
First Defiance Financial Corp. (NASDAQ:FDEF) , based in Defiance, Ohio, and Andres O'Neil & Lowe agency based in Bryan, Ohio have announced that First Insurance & Investments, Inc, a wholly-owned -- First Defiance Financial Corp.,William J. Small,Defiance Ohio 05/28/2010
Effective at 4:15 p.m. EDT today, shares of common stock of Flagstar Bancorp, Inc. (NYSE:FBC) , the holding company for Flagstar Bank FSB, will be subject to a reverse split on a one-for-ten basis. Th -- Flagstar Bank,Paul D. Borja,Troy Mich. 05/28/2010
American Airlines Federal Credit Union (AA Credit Union) will celebrate the grand opening of its newest North Texas branch with a ribbon-cutting ceremony at 2 p.m. Wednesday, June 9. The festivities w -- American Airlines Federal Credit Union,Todd Camp,Euless Texas 05/28/2010
Freddie Mac (NYSE:FRE) announced today that it priced its new 1.125% $6 billion two-year Reference Notes® security due on July 27, 2012. The issue, CUSIP number 3137EACK3, was priced at 99.918 to yiel -- Freddie Mac,Michael Cosgrove,Mclean Va. 05/28/2010
The euro rose against the dollar for a second day on speculation investors betting on a drop in the currency were forced to exit their trades as European sovereign- debt concern eased. The 16-nation c -- MortgageLatestNews,Admin, 05/28/2010
ONE IN every 25 Irish residential mortgage holders is more than three months in arrears on repayments, according to figures published yesterday by the financial regulator. And almost 22,000 people are -- MortgageLatestNews,Admin, 05/28/2010
Yes, we as taxpayers did lose hundreds of billions of dollars recently due to the mortgage crisis. This is the second time that this has happened during my career as a mortgage professional. -- NationalMortgageProfessional.com,NMP Media Services, 05/28/2010
My article this month is really geared toward those individuals who have already taken the voluntary steps of validating the knowledge, skills and abilities they possess beyond the regular scope of ou -- NationalMortgageProfessional.com,NMP Media Services, 05/28/2010
In an Administrator`s Interpretation (Interpretation),1 issued March 24, 2010, the U. S. Department of Labor (DOL) determined that employees who perform the typical duties of a mortgage loan officer h -- NationalMortgageProfessional.com,NMP Media Services, 05/28/2010
Allonhill, an independent third-party review firm specializing in mortgage due diligence and credit risk management, has announced the hiring of former Fidelity Southern Corporation executive Kathy Ir -- NationalMortgageProfessional.com,NMP Media Services, 05/28/2010
Scottsdale, Arizona-based Loan Resolution Corporation, a pre-foreclosure asset management firm, announced this week that Michelle Carothers has been named VP of foreclosure alternatives. Carothers wil -- DSNews.com,Admin, 05/28/2010
Blommer Peterman, S.C., a default servicing firm headquartered in Brookfield, Wisconsin, has announced the addition of a well-known industry attorney to its team as the firm expands its geographic cov -- DSNews.com,Admin, 05/28/2010
The U.S. Department of the Treasury has sold 1.5 billion of the 7.7 billion shares of Citigroup common stock it holds. The government earned $6.2 billion from this first trade, and says it plans to co -- DSNews.com,Admin, 05/28/2010
The foreclosure crisis in California has taken a toll on not only homeowners, but a large number of tenants in the state.
According to a new study from a statewide organization for renters' ri -- DSNews.com,Admin, 05/28/2010
Adam Valdez, a San Fernando Valley real estate agent and businessman, has decided to help families understand the foreclosure process one family at a time. Having worked in the real estate business du -- Paragon Saol Realty Group,Aurora Munoz,Encino Calif. 05/27/2010
The average conforming 30-year fixed mortgage rate hit a new record low this week, inching to 4.92 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage h -- Bankrate.com,Kayleen Yates,New York 05/27/2010
Net Income Increases 2.1% to NIS 143 Million; Return on Shareholders' Equity 5.8% -- Israel Discount Bank Ltd,Barry Simon,Telaviv Israel 05/27/2010
Bay National Corporation (the "Company") (NASDAQ:BAYN) , the bank holding company for Bay National Bank, today announced that it has notified the NASDAQ Stock Market of its intent to voluntari -- Bay National Bank,Hugh W. Mohler,Baltimore 05/27/2010
The following is by Brian Hudson, Executive Director and CEO, Pennsylvania Housing Finance Agency: -- Pennsylvania Housing Finance Agency,Brian Hudson,Harrisburg Pa. 05/27/2010
This Memorial Day, Father's Day or "just because," pay tribute to the solid people in your life who go above and beyond and make a difference. With SunTrust Bank's "Solid Salutes,& -- Suntrust Mortgage, Inc.,Hugh Suhr,Atlanta 05/27/2010
Colliers' Spring 2010 Retail Highlights report shows positive occupancy growth in 43 of 47 markets surveyed; decreased construction activity in all but a few markets; and a rising but soon-to-stab -- Colliers International,Kristin Sadlon,Boston 05/27/2010
The National Inflation Association today released the following inflation update to its http://inflation.us/ members: -- National Inflation Association,Gerard Adams,Fort Lee N.j. 05/27/2010
Miami Gardens Councilman Andre Williams will host a Foreclosure Prevention Clinic on June 8, 2010 from 6 to 9 PM, at the Miami Shores Community Center, located at 9617 Park Drive. County Commissioner -- Andre Williams,Maria-Ines Castro,Miami 05/27/2010
A lot of companies in the middle of transformation and reinvention often call upon the skills and resources of outside consultants to propel them from where they were to where they want to go… -- NationalMortgageProfessional.com,NMP Media Services, 05/27/2010
John A. Courson, president and chief executive officer of the Mortgage Bankers Association (MBA), has announced that Bill Killmer has been named senior vice president of legislative and political aff -- NationalMortgageProfessional.com,NMP Media Services, 05/27/2010
Mortgage interest rates have fallen to their lowest level of the year. Economists say homebuyers have the financial turmoil in Europe to thank for that, as overseas investors have put their dollars in -- DSNews.com,Admin, 05/27/2010
New figures released by the U.S. Treasury indicate that the government's $700 billion Troubled Asset Relief Program (TARP) will wind up costing taxpayers $105.4 billion when all is said and done. -- DSNews.com,Admin, 05/27/2010
Twenty months following the massive, multi-billion dollar federal bailouts designed to shore up the nation's largest banks, the independent credit rating agency Weiss Ratings finds that Bank of Am -- DSNews.com,Admin, 05/27/2010
Document publishing solves problems of form traceability and accountability. Traditionally mortgage documents are either hand delivered or sent through the mail but there’s no way of knowing if they -- OpenClose -- Mortgage Software,Frank Bocchino,New York 05/27/2010
Ally Financial Inc. (Ally) today announced that Marjorie (Marge) Magner has been appointed to its board of directors by the U.S. Department of the Treasury, effective May 20, 2010. She is expected to -- Ally Financial Inc.,Gina Proia,Detroit 05/27/2010
Freddie Mac (NYSE:FRE) announced today that it plans to issue a new two-year USD Reference Notes® security, CUSIP number 3137EACK3, due on July 27, 2012. The issue will be priced on Thursday, May 27, -- Freddie Mac,Michael Cosgrove,Mclean Va. 05/27/2010
Consumer Credit Counseling Service (CCCS) of Greater Atlanta has changed its name to CredAbility. The new brand, effective today, provides a distinct, new identity and better reflects the organization -- CredAbility,Scott Scredon,Atlanta 05/27/2010
Survive and Thrive Inc. unveils the most easily readable yet most comprehensive newsletter available today -- Survive and Thrive Inc.,Orest A. Harrison,Baltimore 05/27/2010
Starwood Property Trust (NYSE:STWD) today announced that the Company has recently deployed $131.4 million of capital through the origination of a $59.0 million first mortgage loan on a 38-story office -- Starwood Property Trust,Barbara Anderson,Greenwich Conn. 05/27/2010
* China reviewing euro zone debt holdings — FT * Euro sentiment negative; contagion risk remains in focus * U.S. durable goods orders, new home sales rise in April (Updates prices, adds comment) -- MortgageLatestNews,Admin, 05/27/2010
New home sales surged last month as home buyers rushed to take advantage of tax credits that have helped lift the housing market, according to government data released Wednesday. Sales of new single-f -- MortgageLatestNews,Admin, 05/27/2010
The Distressed Property Institute LLC, hosted nearly 700 real estate professionals at its national convention, CDPE Momentum 2010 in Tempe, Ariz. Leaders from Bank of America, Wells Fargo, Prospect Mo -- NationalMortgageProfessional.com,NMP Media Services, 05/27/2010
Marix Servicing LLC is has announced its membership in the HOPE NOW Alliance. Founded in February 2007 in response to the distress in the mortgage market, Marix is a residential loan servicer with a f -- NationalMortgageProfessional.com,NMP Media Services, 05/27/2010
Scottsdale, Ariz.-based Loan Resolution Corporation has announced that Michelle Carothers has joined the company as vice president of foreclosure alternatives. Carothers will be responsible for drivin -- NationalMortgageProfessional.com,NMP Media Services, 05/27/2010
NeighborWorks organizations around the United States are holding more than 150 events during national NeighborWorks Week (June 5-12, 2010) to inform tens of thousands of homeowners on how to avoid and -- NationalMortgageProfessional.com,NMP Media Services, 05/27/2010
Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 4.78 percent with an average 0.7 point for the week -- NationalMortgageProfessional.com,NMP Media Services, 05/27/2010
In early 2008, with the industry entering a meltdown that made most nightmares serene, a troubling trend emerged. It was the feature of cover story of the issue of Broker Magazine that discussed vario -- NationalMortgageProfessional.com,NMP Media Services, 05/27/2010
April marked yet another month of increased sales activity in Florida's residential real estate market. According to the latest housing data released by Florida Realtors, existing home sales surge -- DSNews.com,Admin, 05/27/2010
A report released this week by the Congressional Budget Office (CBO) says the U.S. Federal Reserve more than doubled the size of its asset portfolio to over $2 trillion through its purchases of mortga -- DSNews.com,Admin, 05/27/2010
Newark, New Jersey-based Prudential Mortgage Capital Company, the commercial mortgage lending business of Prudential Financial, Inc., recently appointed John DeWitt and Marty Fayer as managing directo -- DSNews.com,Admin, 05/27/2010
Point2 Technologies Inc., an inventory management and marketing software developer for the real estate industry, recently announced that board member Walter T. Baczkowski Jr. will join Point2's ex -- DSNews.com,Admin, 05/27/2010
ABS Credit Risk Insight Direct Provides Investors with More Than 90 Percent Confidence Match Rate -- Equifax,Jennifer Costello,Atlanta 05/26/2010
Leading national consumer credit counseling agency launches quarterly CredAbility Consumer Distress Index -- CredAbility,Scott Scredon,Atlanta 05/26/2010
Central Pacific Financial Corp. (NYSE:CPF) , parent company of Central Pacific Bank, announced today that it finalized a compensation agreement with John C. Dean, Executive Chairman of the Board of Ce -- Central Pacific Financial Corp.,David Morimoto,Honolulu 05/26/2010
Lennar Corporation (NYSE:LEN) (NYSE:and LEN.B) announced that it has repurchased $289,398,000 principal amount of its outstanding senior notes through a debt tender that expired today. -- Lennar Corporation,Diane Bessette,Miami 05/26/2010
John E. Peck, President & CEO of HopFed Bancorp, Inc. (NASDAQ:HFBC) , a $1.0 billion unitary savings and loan holding company, and parent company of Heritage Bank today announced that the Company has -- HopFed Bancorp, Inc.,John E. Peck,Hopkinsville Ky. 05/26/2010
We are pleased to announce that Frederick O. Terrell has rejoined Credit Suisse as Vice Chairman of the Investment Banking Department, reporting to Jim Amine. He will be based in New York effective Ju -- Credit Suisse AG,Duncan King,New York 05/26/2010
AllianceBernstein Income Fund, Inc. (NYSE:ACG) (the "Fund") today released its monthly portfolio update as of April 30, 2010. -- AllianceBernstein Income Fund, Inc.,Shareholder Contact,New York 05/26/2010
Astoria Financial Corporation (NYSE:AF) (the "Company"), the holding company for Astoria Federal Savings and Loan Association ("Astoria Federal"), announced today with great sadness, t -- Astoria Financial Corporation,Peter J. Cunningham,Lake Success N.y. 05/26/2010
The PNC Financial Services Group, Inc. (NYSE:PNC) announced today that Chairman and Chief Executive Officer James E. Rohr will discuss business performance and strategy at the Sanford C. Bernstein Str -- PNC Financial,Brian E. Goerke,Pittsburgh 05/26/2010
LBC Credit Partners, a leading provider of financing solutions to middle market companies, announced the funding of a $45 million unitranche loan to support the refinancing of Audax Private Equity' -- LBC Credit Partners,Homyar Choksi,Philadelphia 05/26/2010
Freddie Mac has announced that its Conventional Mortgage Home Price Index (CMHPI) Purchase-Only Series for the United States registered a 1.1 percent decline from the first quarter of 2009 t -- NationalMortgageProfessional.com,NMP Media Services, 05/26/2010
Okay, that is a bad rhyme. But the truth is, we might as well be rubbing the bottle with the genie to see what is coming next. We have talked about this for months. The Federal Reserve Board has final -- NationalMortgageProfessional.com,NMP Media Services, 05/26/2010
Although purchase applications declined further, total mortgage loan application volume jumped 11.3 percent for the week ending May 21, 2010, due to a continued increase in refinance applications, the -- DSNews.com,Admin, 05/26/2010
The Kislak Organization, a real estate investment and asset management firm established in 1906, announced this week that it is getting back in the mortgage business with what the company calls a " -- DSNews.com,Admin, 05/26/2010
Mortgage insurer Genworth Financial reported Wednesday that it saved nearly $3.4 billion in mortgages from foreclosure in the 12 months ending March 31, 2010. Mortgage dollars saved were up more than -- DSNews.com,Admin, 05/26/2010
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