Mortgage Banking February 15, 2010
Trexglobal.com, a rental software developer headquartered in Fremont, California, recently announced the launch of an online property management portal that will provide property manager, landlords, a -- DSNews.com,Admin, 02/15/2010
Service 1st Valuation and Settlement Service, Inc., an appraisal management company headquartered in Pittsburgh, announced Monday that it has entered into a partnership with Pittsburgh-based ValuAmeri -- DSNews.com,Admin, 02/15/2010
Jones Lang LaSalle announced Monday that it has been selected in the leaders category for the 2010 Global Outsourcing 100, an annual ranking of high-quality service providers across all industries as -- DSNews.com,Admin, 02/15/2010
As DSNews.com reported Friday, the congressional panel charged with overseeing the Troubled Asset Relief Program recently released an analysis of the commercial real estate market. According to the Re -- DSNews.com,Admin, 02/15/2010
In an effort to help servicers ensure around-the-clock maintenance, Tampa, Florida-based Mortgage Contracting Services (MCS), a nationwide property preservation and inspection service provider to the -- DSNews.com,Admin, 02/15/2010
Like his father, grandfather and great-grandfather, David Niklas feels the quickening of spring as the season ramps up at his wholesale nursery in a farming community south of Portland. Niklas and his -- MortgageLatestNews,Admin, 02/15/2010
After European Union leaders Thursday broadly pledged to support Greece, the bloc’s finance ministers are expected to hash out a more detailed contingency plan to ease the country’s debt c -- MortgageLatestNews,Admin, 02/15/2010
A federal grand jury in San Francisco has indicted Michael Ohayon and David Papera with conspiracy to commit bank fraud, and money laundering, United States Attorney Joseph P. Russoniello announced.&n -- NationalMortgageProfessional.com,NMP Media Services, 02/15/2010
Following three years of job losses when more than 100,000 positions were eliminated, mortgage employment expanded last year, according to the MortgageDaily.com Fourth-Quarter 2009 Mortgage Employment -- NationalMortgageProfessional.com,NMP Media Services, 02/15/2010
There’s no place like home. For families struggling to make their mortgage payments, as well hundreds who already lost their homes, Washington Attorney General Rob McKenna offered hope today: mo -- NationalMortgageProfessional.com,NMP Media Services, 02/15/2010
Freddie Mac has announced that, in the fourth quarter of 2009, refinancing borrowers overwhelmingly chose fixed-rate loans, regardless of whether their original loan was an adjustable-rate mortgage (A -- NationalMortgageProfessional.com,NMP Media Services, 02/15/2010
“Hola!” “Hola. ¿Qué tal?” “Bien. ¿ y tu?” “Bien.” -- NationalMortgageProfessional.com,NMP Media Services, 02/15/2010
Mortgage fraud is a serious problem … still. Of course, credit standards are much higher today than a few years ago, and it is difficult for a borrower to obtain a mortgage by fibbing about the -- NationalMortgageProfessional.com,NMP Media Services, 02/15/2010
Today’s issue is fraud. Fraud affects the secondary markets in two very important ways: The existence of fraud is a valid reason to require a seller to repurchase a mortgage. This is common -- NationalMortgageProfessional.com,NMP Media Services, 02/15/2010
Altisource Portfolio Solutions, a real estate and asset recovery firm headquartered in the western European country of Luxembourg, has announced its acquisition of The Mortgage Partnership of America, -- DSNews.com,Admin, 02/15/2010
As borrowers refinance their home loans, they are overwhelmingly choosing fixed-rate loans, Freddie Mac said in a report issued Monday. That probably comes as no surprise – homeowners see today&# -- DSNews.com,Admin, 02/15/2010
Through a partnership with Fannie Mae, the Wisconsin Housing and Economic Development Authority (WHEDA), an independent state authority that works with lenders to provide low-cost financing for housin -- DSNews.com,Admin, 02/15/2010
Following three years of job losses when more than 100,000 positions were eliminated, mortgage employment expanded last year, according to the MortgageDaily.com Fourth-Quarter 2009 Mortgage Employment -- MortgageDaily.com,Sam Garcia,Dallas Tx 02/15/2010
The recession is causing a growing number of people to venture into home businesses, a boost for the economy but a nuisance for neighbors. As jobless people trade their desks for kitchen tables, or as -- MortgageLatestNews,Admin, 02/14/2010
Wisconsin residents seeking to buy a home for the first time got a boost Friday when the state’s affordable housing agency announced plans to resume lending after a 17-month suspension. The Wisc -- MortgageLatestNews,Admin, 02/14/2010
Stocks were mostly lower Friday as a move by China to curb bank lending and economic data in the United States and Europe raised fears that the global recovery might be in jeopardy. Even so, Wall Stre -- MortgageLatestNews,Admin, 02/13/2010
A modestly better-than-expected report on retail sales for January could suggest stronger economic growth in coming months. But this week’s severe snowstorms will likely depress activity in Febr -- MortgageLatestNews,Admin, 02/13/2010
83 Billion Dollars in Commercial Loans are in default now with more than one trillion coming due through 2010. If and when CMBS (commercial mortgage backed securities) comes back online the rules will -- Commercialleads.net - www.commercialleads.net,D Franklin,Jacksonville Beach Fl 02/13/2010
AUSTIN, TX, February 13, 2010 /24-7PressRelease/ -- It is a fact that some of the greatest opportunities for success are going to soon be found by those who prepare and plan now to dominate market sha -- 24/7 Press Release Newswire,24/7 Media, 02/13/2010
LAKE MARY, FL, February 13, 2010 /24-7PressRelease/ -- CAPITALPlus Mortgage & Underwriting Services will enhance all primary residential W-2 employed Borrower mortgages with a lender paid 2 Year Invol -- 24/7 Press Release Newswire,24/7 Media, 02/13/2010
The crush of multiple snowstorms over the past week may have frozen economic activity for a couple days, but they are unlikely to ice the economy’s rebound. “Snowmaggedon’s” ac -- MortgageLatestNews,Admin, 02/13/2010
Las Vegas has the highest foreclosure rate of any metro in the country, but lenders there have become more willing to accept short sales as an alternative to foreclosure. The Greater Las Vegas Associa -- DSNews.com,Admin, 02/13/2010
Businesses reduced inventories in December, a sign that they remain cautious about the strength and durability of the economic recovery. The Commerce Department said Friday that businesses trimmed sto -- MortgageLatestNews,Admin, 02/12/2010
As a wrap up to the 2009 NAMB/WEST event held in Las Vegas, I am writing this article to accomplish two things: One, to express my sincere appreciation to all the hard workers who made this event in V -- NationalMortgageProfessional.com,NMP Media Services, 02/12/2010
Brokerpriceopinion.com, a Westminster, Colorado-based provider of drive-by and interior broker price opinions (BPOs), appraisals, and property securement for financial institutions, recently announced -- DSNews.com,Admin, 02/12/2010
According to Los Angeles attorney Jerome S. Cohen, a chapter 11 specialist, many investors have found themselves unable to service debt due to vacancies, tenant defaults, and other problems that have -- DSNews.com,Admin, 02/12/2010
Losses from defaults on commercial real estate loans maturing in the next few years could go as high as $300 billion, threatening to topple nearly 3,000 community banks nationwide, a federal watchdog -- DSNews.com,Admin, 02/12/2010
Lender Processing Services, Inc. (LPS) reported Thursday that year-end processing of all loans serviced using its Mortgage Servicing Package (MSP) and processed in its Jacksonville, Florida data cente -- DSNews.com,Admin, 02/12/2010
As a result of the current housing crisis, many homeowners have defaulted on their mortgage, and lenders must decide whether to complete a loan modification or start foreclosure proceedings.
Modif -- DSNews.com,Admin, 02/12/2010
In response to recent enhancements to the federal government’s HOPE for Homeowners (H4H) program, Wolters Kluwer Financial Services has updated its comprehensive library of H4H mortgage document -- NationalMortgageProfessional.com,NMP Media Services, 02/12/2010
In 2008, the U.S. Department of Housing & Urban Development (HUD) issued both technical and substantive amendments to the rule that implements the Real Estate Settlement Procedures Act (RESPA).1 T -- NationalMortgageProfessional.com,NMP Media Services, 02/12/2010
Since its inception in August 2009, the National Association of Women REO Brokerages (NAWRB) has been seeking to launch a nonprofit program. That goal was realized this week with the official incorpor -- DSNews.com,Admin, 02/12/2010
BOK Financial Corp. in Tulsa, Oklahoma, has acquired the rights to service a $4.1 billion portfolio of mortgage loans from Albuquerque, New Mexico's Charter Bank. The acquisition boosts BOK's -- DSNews.com,Admin, 02/12/2010
Keystone Property Group, a real estate developer, manager, and investor of office and industrial properties, announced this week that it has completed a $53.5 million refinancing for one of its proper -- DSNews.com,Admin, 02/12/2010
Harry Gardner and Charles Epperson of SigniaDocs, a Dallas-based provider of eMortgage services, have been appointed to key posts within MISMO, a nonprofit subsidiary of the Mortgage Bankers Associati -- DSNews.com,Admin, 02/12/2010
With low mortgage rates as a driving factor, sales of existing single-family homes and condos in Florida surged in the fourth quarter of 2009, according to a recent report by the Florida Association o -- DSNews.com,Admin, 02/12/2010
With tumbling property values leaving nearly a quarter of borrowers owing more on their mortgage than the home is worth, some may find it tempting to walk away - either to get out from under the debt -- DSNews.com,Admin, 02/12/2010
"We're strong...We're Growing... and we have money to lend!" The current market environment has given us the opportunity to grow our business in locations that are showing signs of sta -- Wallick & Volk, Inc.,Dave Heuermann,Cheyenne Wyo. 02/12/2010
Rates for most mortgage products retreated this week, but not the average conforming 30-year fixed mortgage, which remained at 5.15 percent, according to Bankrate.com's weekly national survey. The -- Bankrate.com,Kayleen Yates,New York 02/12/2010
StreetLinks National Appraisal Services has announced that its entire Quality Control team, consisting of over 100 staff members, has successfully completed the 15-hour 2010 Uniform Standards of Profe -- NationalMortgageProfessional.com,NMP Media Services, 02/11/2010
Mortgage Contracting Services (MCS), a national field service company providing property preservation, inspections and REO asset maintenance to the financial services industry, has announced its colla -- NationalMortgageProfessional.com,NMP Media Services, 02/11/2010
CitiMortgage has announced the Citi Foreclosure Alternatives Program, a new pilot initiative that will allow distressed CitiMortgage borrowers to avoid foreclosure and remain in their homes for six mo -- NationalMortgageProfessional.com,NMP Media Services, 02/11/2010
RealtyTrac, an online marketplace for foreclosure properties, has released its January 2010 U.S. Foreclosure Market Report, which shows foreclosure filings—default notices, scheduled auctions -- NationalMortgageProfessional.com,NMP Media Services, 02/11/2010
BrokerPriceOpinion.com has announced the launch of its Next Generation BPO (V3) platform, capable of evaluating data quickly through the use of progressive technology and current local market informat -- NationalMortgageProfessional.com,NMP Media Services, 02/11/2010
Down from 44 percent in December, just over 40 percent of available homes for sale had reduced prices in January, according to a monthly survey of home listings in 27 markets conducted by the national -- DSNews.com,Admin, 02/11/2010
Despite the rise in interest rates last week, mortgage rates for the week ending February 11, 2010 remained relatively low, according to reports released Thursday by Freddie Mac and Bankrate.
The -- DSNews.com,Admin, 02/11/2010
In yet another sign of stabilization within the residential real estate market, strong gains in existing-home sales were the predominant pattern in most states during the fourth quarter of 2009, accor -- DSNews.com,Admin, 02/11/2010
Rep. Kenny Marchant (R-Texas) has introduced a new bill, the Mortgage E-Verify Act. As a condition for modification of a home loan held by Fannie Mae or Freddie Mac, or insured by the Federal Housing -- DSNews.com,Admin, 02/11/2010
According to a recent company announcement, Diane S. Paddison was recently appointed as chief strategy officer at Cassidy Turley, a commercial real estate service provider headquartered in St. Louis. -- DSNews.com,Admin, 02/11/2010
Federal Reserve Chairman Ben Bernanke on Wednesday laid out the central bank's plan for exiting the private credit market and pulling back the trillions of dollars its funneled into the economy to -- DSNews.com,Admin, 02/11/2010
One of America's largest homebuilders is getting into the loan restructuring business. Lennar Corporation has purchased two loan portfolios from the FDIC worth $3 billion. Lennar paid $243 million -- DSNews.com,Admin, 02/11/2010
Along with a growth of staff and office space last year, Denver-based LenderLive Network, Inc. said 2009 brought an expansion of product offerings to its LenderLive Settlement Services division. To he -- DSNews.com,Admin, 02/11/2010
Following the recent enhancements to the federal government's HOPE for Homeowners (H4H) program, Wolters Kluwer Financial Services has updated its library of H4H mortgage documents and consumer ed -- DSNews.com,Admin, 02/11/2010
As one of the nation's largest mortgage servicers, CitiMortgage is still contending with a deluge of foreclosures that just doesn't seem to be abating.
The company is launching a new pilot -- DSNews.com,Admin, 02/11/2010
Following in the steps of its sibling mortgage financing firm, Freddie Mac, Fannie Mae has announced that it too will be buying back bad loans from mortgage-backed securities (MBS) investors in bulk. -- DSNews.com,Admin, 02/11/2010
WikiLoan, Inc. (OTC Bulletin Board: WKLI), a financial social network today announced that it is in the final stages of negotiations with its first major revenue producing deal. The Company believes t -- WikiLoan, Inc.,WikiLoan Inc.,Delray Beach Fla. 02/11/2010
The PNC Financial Services Group, Inc. (NYSE:PNC) today announced that it has redeemed $7.6 billion of Series N preferred shares held by the United States Treasury under the Troubled Asset Relief Prog -- PNC Financial,Fred Solomon,Pittsburgh 02/11/2010
"We're strong ... We're Growing ... and we have money to lend!" The current market environment has given us the opportunity to grow our business in locations that are showing signs of -- Wallick & Volk, Inc.,Dave Heuermann,Cheyenne Wyo. 02/11/2010
Freddie Mac (NYSE:FRE) announced today that it will purchase substantially all 120 days or more delinquent mortgage loans from the company's related fixed-rate and adjustable-rate (ARM) mortgage P -- Freddie Mac,Michael Cosgrove,Mclean Va 02/11/2010
Freddie Mac (NYSE:FRE) announced today that it will not issue a Reference Notes® security on February 10, 2010. The company's 2010 Reference Notes calendar designates dates that it may use to anno -- Freddie Mac,Michael Cosgrove,Mclean Va 02/11/2010
Streamlines Processes and Increases Efficiency for Lenders and Borrowers -- Chrisley Asset Management,Pat Harriman,Atlanta 02/11/2010
Quarterly Revenues Increase 44% and YTD Revenues Increase 29% Year over Year -- DJSP Enterprises, Inc.,David J. Stern,Plantation Fla. 02/11/2010
Bank of America Is Committed to Responsible Lending Through Clarity and Transparency -- Bank of America,Jumana Bauwens,Calabasas Calif. 02/11/2010
National home prices fell 0.7 percent in December, according to the latest numbers from Denver-based Integrated Asset Services, LLC (IAS). Save for a brief rally throughout last summer, the company -- DSNews.com,Admin, 02/11/2010
The relentless wave of foreclosures that has steadily swelled and battered the housing industry for a good three years seems to have retreated in January, but it's not enough to mean the storm has -- DSNews.com,Admin, 02/11/2010
*** -- Hanley Investment Group Real Estate Advisors,Anne Monaghan,MENIFEE CALIFORNIA 02/11/2010
Despite low and stable interest rates, mortgage applications fell for the week ending February 5, 2010, according to the Weekly Mortgage Applications Survey released Wednesday by the Mortgage Bankers -- DSNews.com,Admin, 02/10/2010
Marking a major milestone in its effort to provide more clarity and transparency in the mortgage process, Bank of America, N.A., (BofA) provided more than 1 million potential homebuyers with the lende -- DSNews.com,Admin, 02/10/2010
Wilson & Associates, P.L.L.C., which provides clients in Tennessee and Arkansas with bundled real estate default legal services, recently announced the naming of three new partners to the firm: Kimber -- DSNews.com,Admin, 02/10/2010
Morris|Hardwick|Schneider (M|H|S), a real estate closing law firm headquartered in Atlanta, recently promoted Natalie Hardwick, Cristina Hunt, and Jeffrey Sandler to partners of the firm.
In order -- DSNews.com,Admin, 02/10/2010
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