Mortgage Banking September 15, 2010
Freddie Mac has announced that it is expanding the Freddie Mac First Look Initiative on Sept. 17, 2010 so that any home shopper can buy a HomeSteps home as their primary residence during the fir -- NationalMortgageProfessional.com,NMP Media Services, 09/15/2010
Freddie Mac said Wednesday that it is expanding its First Look Initiative, effective Friday, September 17, to allow any home shopper to buy a HomeSteps REO home as their primary residence during the f -- DSNews.com,Admin, 09/15/2010
New integration offers RamQuest title companies distinct efficiency and customer service advantages -- Closing Market,Erin McAnally,Plano Texas 09/15/2010
Dodd-Frank Financial Reform Bill mandates new appraiser independence standard which replaces Home Valuation Code of Conduct (HVCC) -- Inhouse Inc,Chuck johnson,Orange Ca 09/15/2010
WFG National Title Insurance Company, a wholly-owned subsidiary of Williston Financial Group, has named industry veteran Joe Drum as an executive vice president. Drum will lead the company’s ag -- NationalMortgageProfessional.com,NMP Media Services, 09/15/2010
The U.S. Department of Housing & Urban Development (HUD) has announced that it will modify a planned approach to its financial systems modernization effort and focus on a single core financial sys -- NationalMortgageProfessional.com,NMP Media Services, 09/15/2010
U.S. Attorney A. Brian Albritton has announced that Robert Policastro has been sentenced to five years and three months in federal prison for conspiracy to commit mail and wire fraud (mortgage fraud). -- NationalMortgageProfessional.com,NMP Media Services, 09/15/2010
Morningstar is initiating coverage of Ambac Financial Group with a rating of "C." Morningstar feels that one sure sign of a problem with an insurance company is when its governing regulator -- NationalMortgageProfessional.com,NMP Media Services, 09/15/2010
Jay Stein, president of Sand Capital of Scottsdale, Ariz., a division of Sandor Development Company, has announced that their company has successfully acquired more than $100 million in distressed deb -- NationalMortgageProfessional.com,NMP Media Services, 09/15/2010
The Work Number, a service of Equifax, has announced the company`s newest product, Point In Time, a retro income verification service that validates and documents a borrower`s employment and income at -- NationalMortgageProfessional.com,NMP Media Services, 09/15/2010
First American Title Insurance Company recently introduced a new Mortgage Services division, which will address the title, settlement, and valuation needs of residential originators with national reta -- DSNews.com,Admin, 09/15/2010
Mortgage application volume has fallen for the second straight week, led by a steep drop in home loan refinances even as mortgage interest rates edged downward again. The Mortgage Bankers Association -- DSNews.com,Admin, 09/15/2010
Fannie Mae has approved 123 new Florida condos for financing in the first eight months of 2010, a 40 percent increase from 2009. It's an even bigger jump from 2008 when zero projects were accepted -- DSNews.com,Admin, 09/15/2010
CoreLogic released its Home Price Index Wednesday, which showed that residential property values in the United States remained flat in July as transaction volumes continued to decline.
It was the -- DSNews.com,Admin, 09/15/2010
HUD's inspector general, the Hon. Kenneth M. Donohue, is leaving his post in October to join Reznick Group, a top 20 national CPA firm headquartered in Bethesda, Maryland. Donohue has accepted the -- DSNews.com,Admin, 09/15/2010
There are a million possibilities and distractions out there. But Thomas Hall, author of Ruthless Focus, says the companies that win long-term are the ones that can drown out the noise and keep dancin -- Dehart & Company Public Relations,Dottie DeHart,Hickory Nc 09/15/2010
Richard L. (Rick) Borges II, MAI, SRA, formerly of Seymour, Ind., was elected Thursday as 2011 vice president of the Appraisal Institute, the nation’s largest professional organization of real estate -- Appraisal Institute,Ken Chitester,Chicago Illinois 09/15/2010
Altisource utilizes innovative methodologies to equip lenders and servicers with tools for managing anticipated increases in short sale activity -- Altisource Portfolio Solutions,Nicolas Henderson,West Palm Beach Fl 09/15/2010
TMS Funding, the wholesale residential lending platform of Total Mortgage Services, LLC, announced today the hiring of Robin Buttner and Stephen Jaser as Wholesale Account Executives. Ms. Buttner and -- Tms Funding,Sales Department,Milford Ct 09/15/2010
New features focus on customer requests and suggestions -- Ellie Mae Inc.,Rosalie Berg,Pleasanton California 09/15/2010
Over the last two years of the housing bubble, Wall Street bankers perpetrated one of the greatest episodes of self-dealing in financial history.
Faced with increasing difficulty in selling the mo -- Propublica,Mike Webb,New York Ny 09/15/2010
As loan origination software company breaks sales records, it invests further in customer service -- Mortgage Builder Software Inc,Keven Smith,Southfield Michigan 09/15/2010
Veros recognized in annual nod to the top tech providers in the industry by Mortgage Technology -- Veros Real Estate Solutions,David Rasmussen,Santa Ma California 09/15/2010
Simplifile Finalizes Its Integration With SECURE, A California Multi-County Electronic Recording Delivery System -- Simplifile, LC,Richard Jackman,Provo UT 09/15/2010
ProPublica asked [1] a simple question of more than 700 homeowners dealing with the administration's mortgage modification program: Knowing what you know now, what tips would you give someone who& -- Propublica,Mike Webb,New York Ny 09/15/2010
LQ GAP Report Newest in Series of “nd Merge” Advanced Data Reporting Solutions for Lenders -- First American CoreLogic,Bob Visini,Sacramento California 09/15/2010
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending September 10, 2010. The Market Composite Index, a measure of mortgage loan applicatio -- Mortgage Bankers Association of America,Carolyn Kemp,Washington District of Columbia 09/15/2010
The Mortgage Bankers Association (MBA) has released its Weekly Mortgage Applications Survey for the week ending Sept. 10, 2010. The Market Composite Index, a measure of mortgage loan application volu -- NationalMortgageProfessional.com,NMP Media Services, 09/15/2010
Independent mortgage bankers and subsidiaries made an average profit of $917 on each loan they originated in the second quarter of 2010, up from $606 per loan in the first quarter of 2010, the Mortgag -- DSNews.com,Admin, 09/15/2010
RALEIGH, NC, September 15, 2010 /24-7PressRelease/ -- Recent moves by the White House to spur economic recovery will have significant benefits for small businesses. One category of these beneficiaries -- 24/7 Press Release Newswire,24/7 Media, 09/15/2010
HERTFORDSHIRE, ENGLAND, September 15, 2010 /24-7PressRelease/ -- The payday loans brand speed-e-loans was in the spotlight on Sunday thanks to snooker ace Ali Carter pocketing the Roewe Shanghai Maste -- 24/7 Press Release Newswire,24/7 Media, 09/15/2010
SAN DIEGO, CA, September 15, 2010 /24-7PressRelease/ -- The Olin Business School, Washington University in St. Louis is launching three new open enrollment certificate programs designed to equip mid a -- 24/7 Press Release Newswire,24/7 Media, 09/15/2010
LONDON, ENGLAND, September 15, 2010 /24-7PressRelease/ -- LV=, the mutual insurance, retirement and investment group, has announced a strong performance in the first half of 2010, with sales and tradi -- Midflorida Schools Federal Credit Union,24/7 Media, 09/15/2010
LONDON, ENGLAND, September 15, 2010 /24-7PressRelease/ -- LV= has revealed new research conducted amongst motorists that shows many drivers are still getting behind the wheel, despite having poor eye -- Midflorida Schools Federal Credit Union,24/7 Media, 09/15/2010
BIRKIRKARA, MALTA, September 15, 2010 /24-7PressRelease/ -- The deVere Group, the world`s largest independent financial consultancy group, is pleased to announce that it has entered into a formal agre -- 24/7 Press Release Newswire,24/7 Media, 09/15/2010
Ocwen Financial Corp. paid $1.196 billion for HomEq Servicing, 7.4 percent less than the Florida-based company had initially estimated. Ocwen says 134,000 home loans were transferred from HomEq and im -- DSNews.com,Admin, 09/15/2010
U.S. stocks were oscillating between slight gains and losses Tuesday as investors tried to decipher competing data on positive U.S. retail sales and possible weakness in Europe’s biggest economy -- MortgageLatestNews,Admin, 09/14/2010
Mortgage pools purchased as investments by Fannie Mae and Freddie Mac during the housing boom included more risky and poor-performing loans than those guaranteed by the government-backed firms, their -- MortgageLatestNews,Admin, 09/14/2010
California's notice of default filings, the first step in the state's foreclosure process, rose for the fourth successive month in August, jumping another 16.6 percent, according to the locall -- DSNews.com,Admin, 09/14/2010
In anticipation of a Wednesday, Sept. 15 hearing on covered bonds in the Senate Banking Committee, the CRE Finance Council and a coalition of commercial real estate groups sent a letter to Committee C -- NationalMortgageProfessional.com,NMP Media Services, 09/14/2010
So, if you think it`s been a challenge to manage compliance in the past, brace yourself … it`s about to get 10 times worse. The new complexities involved with being in compliance with the new f -- NationalMortgageProfessional.com,NMP Media Services, 09/14/2010
a la mode has announced that Veros Real Estate Solutions has integrated their VeroSELECT and Valuation Risk Management (VRM) products with Mercury Network`s vendor management platform. The integration -- NationalMortgageProfessional.com,NMP Media Services, 09/14/2010
Earlier this year, the California Housing Loan Insurance Fund (CaHLIF) ceased writing new mortgage insurance policies. The insurance fund is administered by the California Housing Finance Agency. Effe -- DSNews.com,Admin, 09/14/2010
The secondary market for new commercial mortgage-backed securities (CMBS) went dark after the real estate downturn sent property values plummeting and defaults soaring.
In 2009, total CMBS issuanc -- DSNews.com,Admin, 09/14/2010
Green River Capital announced a 30 percent increase in sales figures during the first half of 2010 due to new clients and increased efficiencies. Since early 2010, the company has also increased REO a -- DSNews.com,Admin, 09/14/2010
The government has shifted its resources from civil to criminal mortgage-related cases in recent months. As a result, an industry index that tracks mortgage litigation lawsuits has dropped by more tha -- DSNews.com,Admin, 09/14/2010
HUD released a new survey of New Orleans area housing conditions on Monday. The agency says its the most comprehensive analysis of the metros housing stock since the department's last assessment i -- DSNews.com,Admin, 09/14/2010
Florida Realtors named Cynthia Shelton as its 50th Florida Realtor of the Year at the association's recent 94th annual Convention & Trade Expo in Orlando. Award winners are honored as individual l -- DSNews.com,Admin, 09/14/2010
Survey reveals that most appraisers have more than five years of experience -- Coester Appraisal Group,Brian Coester,Gaithersburg Md 09/14/2010
It's harder than ever to get ahead in sales. With companies cutting their training budgets, many salespeople don't know where to turn for solid sales advice. To feed that need, authors Eric Ta -- Dehart & Company Public Relations,Dottie DeHart,Hickory Nc 09/14/2010
Ross Mortgage, a regional full-service residential mortgage lender headquartered in Royal Oak, Mich., has earned a spot on the Inc. 5,000 list of the fastest-growing private companies in the country. -- Ross Mortgage,Tim Ross,Royal Oak Mi 09/14/2010
Partnership Marks the First Time Fraud Prevention Technology is Integrated -- First American CoreLogic,Carrie Gaska,Sacramento California 09/14/2010
Independent mortgage bankers and subsidiaries made an average profit of $917 on each loan they originated in the second quarter of 2010, up from $606 per loan in the first quarter of 2010, according t -- NationalMortgageProfessional.com,NMP Media Services, 09/14/2010
RealEstate Business Intelligence (RBI), an MRIS Inc. company, has released its August 2010 statistics that show another month of continued stabilization in the Mid-Atlantic real estate market. Data fr -- NationalMortgageProfessional.com,NMP Media Services, 09/14/2010
ISGN, a provider of technology products and services that help lenders, servicers and secondary markets manage the mortgage industry’s transformation, has launched its Loan Quality Audit and Mon -- NationalMortgageProfessional.com,NMP Media Services, 09/14/2010
Existing-home sales in July dropped 27 percent from the prior month, according to the National Association of Realtors (NAR). Unpredictable home values plus a soft job market have many Americans turni -- NationalMortgageProfessional.com,NMP Media Services, 09/14/2010
Doninador Palalay a.k.a. Dominador Palalay has pled guilty to Theft-Obtaining Money in Excess of $2500 by Material Misrepresentation, a category B felony, for his role in operating a foreclosure rescu -- NationalMortgageProfessional.com,NMP Media Services, 09/14/2010
As Freddie Mac sees a 50% increase in repurchase requests, demand for outsourced quality control services surges -- ISGN,Rosalie Berg,BENSALEM pa 09/14/2010
Industry pioneer commended for decade-long commitment to environmentally friendly, paperless processes -- Supreme Lending,Travis Paules,Dallas TX 09/14/2010
FICO has recently published results from our quarterly survey of bank risk professionals on the Banking Analytics Blog. The survey shows strong evidence of a growing “credit gap” for US consumers, as -- Fair Isaac Corporation,Rachel Carawan,Minneapolis Minnesota 09/14/2010
On Monday, September 7, 2010, the Mortgage Bankers Association (MBA) sent the attached letter to Alfred M. Pollard, General Counsel at the Federal Housing Finance Agency (FHFA), in response to FHFA -- Mortgage Bankers Association of America,John Mechem,Washington District of Columbia 09/14/2010
MidCap Advisors is pleased to announce that Bill Reading will open MidCap Advisors' new Charlotte, North Carolina office. -- MidCap Advisors,Richard Jackim,New York Ny 09/14/2010
Loan Value Group LLC today announced it has named Louis J. Petriello as Chief Financial Officer and General Counsel. In this newly created role, Petriello will oversee all company accounting practice -- Loan Value Group,Marketing Department,Rumson Nj 09/14/2010
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending September 3, 2010. The Market Composite Index, a measure of mortgage loan application -- Mortgage Bankers Association of America,Carolyn Kemp,Washington District of Columbia 09/14/2010
Independent mortgage bankers and subsidiaries made an average profit of $917 on each loan they originated in the second quarter of 2010, up from $606 per loan in the first quarter of 2010, according t -- Mortgage Bankers Association of America,Carolyn Kemp,Washington District of Columbia 09/14/2010
Asian commodity stocks rose as a forecast for faster European economic growth boosted confidence in a global recovery. Japanese shares fell as a stronger yen dented prospects for export earnings. BHP -- MortgageLatestNews,Admin, 09/14/2010
A new report by the regulator of Fannie Mae and Freddie Mac shows that mortgage securities packaged by Wall Street firms and mortgage banks have had substantially worse outcomes than securities backed -- MortgageLatestNews,Admin, 09/14/2010
RANCHO CUCAMONGA, CA, September 14, 2010 /24-7PressRelease/ -- Although comparison shopping, maintaining a good credit score and driving vehicle models with good safety marks are all practices that wi -- 24/7 Press Release Newswire,24/7 Media, 09/14/2010
CoreLogic, a provider of consumer, financial and property information and business services, has announced the integration of its LoanSafe Fraud Manager Suite with Blueberry Systems’ RELAY loan -- NationalMortgageProfessional.com,NMP Media Services, 09/13/2010
UCM Partners, a private, minority-owned fixed income investment boutique, recently announced the one-year anniversary of its Opportunistic Mortgage Strategy Fund. The fund currently has approximately -- DSNews.com,Admin, 09/13/2010
Home prices have hit upon relatively stable ground in recent months -- a welcome reprieve from the freefall days most markets had grown acutely accustomed to after the reverberating bursting of the ho -- DSNews.com,Admin, 09/13/2010
The debate over what's next for the government-backed mortgage giants Fannie Mae and Freddie Mac has begun. Last month, the Treasury invited a wide range of industry stakeholders to a summit in Wa -- DSNews.com,Admin, 09/13/2010
The Fed's beige book said the obvious; "Continued growth...mid-July through the end of August, but with widespread signs of a deceleration." Not double-dip, not yet. In the absence of fear -- Premier Mortgage Group, Inc,Lou Barnes,Boulder Co 09/13/2010
Fannie Mae recently issued a new servicing guide regarding pre-foreclosure mediation for mortgage loans in Florida. Last December, the Florida Supreme Court issued an administrative order requiring me -- DSNews.com,Admin, 09/13/2010
Dow up 0.5 pct; S&P 500 up 0.5 pct; Nasdaq up 0.3 pct (Updates volume in paragraphs 2 and 12 to reflect latestdata) The Dow and S&P 500 closedthe week with their seventh gain in eight sessions -- MortgageLatestNews,Admin, 09/13/2010
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