Mortgage Banking March 15, 2010
March 13, 2010 /24-7PressRelease/ -- New Task Force to Crack Down on Mortgage Fraud -- 24/7 Press Release Newswire,24/7 Media, 03/13/2010
Five team members of Safeguard Properties were recently promoted to newly-created positions within the company. These new positions are part of an organizational restructuring to better serve clients -- DSNews.com,Admin, 03/13/2010
The U.S. Department of the Treasury and the U.S. Department of Housing & Urban Development (HUD) have released February data for the Administration`s Home Affordable Modification Program (HAMP). A -- NationalMortgageProfessional.com,NMP Media Services, 03/12/2010
Wells Fargo & Company is reporting that as of Feb. 28, the company had 505,832 active trial and completed modifications through its own modification programs and the federal Home Affordable Modifi -- NationalMortgageProfessional.com,NMP Media Services, 03/12/2010
The Congressional Oversight Panel (COP) recently released a report finding that throughout the federal bailout of GMAC, "Treasury missed opportunities to increase accountability and better protect -- DSNews.com,Admin, 03/12/2010
More traditionally underwritten and higher credit quality loans will be the norm when the U.S. residential mortgage-backed securities (RMBS) market for newly-originated loans re-opens, according to Fi -- DSNews.com,Admin, 03/12/2010
A new survey conducted by the Title/Appraisal Vendor Management Association (TAVMA) and the annual appraisal industry survey from Coester Appraisal Group shed light on what is really happening in the -- DSNews.com,Admin, 03/12/2010
It's been a year since the government's Home Affordable Modification Program (HAMP) was implemented and only 170,000 troubled homeowners have received permanent loan restructurings.
The nu -- DSNews.com,Admin, 03/12/2010
In testimony before a House subcommittee Thursday, Charles McMillan, immediate past president of the National Association of Realtors (NAR), said the Federal Housing Administration (FHA) remains finan -- DSNews.com,Admin, 03/12/2010
During the 2010 Multicultural Real Estate & Policy Conference last week in Washington D.C., the National Association of Hispanic Real Estate Professionals (NAHREP), the Asian Real Estate Association o -- DSNews.com,Admin, 03/12/2010
The beleaguered Citigroup Inc., who has repeatedly assured administration officials that it is getting back to banking basics, has found a buyer for its real estate investment business. Private equity -- DSNews.com,Admin, 03/12/2010
Despite the continued struggles of the housing and mortgage markets, Idaho Falls, Idaho-based DocuTech Corp. finished 2009 with an increase in market penetration of more than 140 percent, the company -- DSNews.com,Admin, 03/12/2010
Long-term Treasury rates rose under pressure from constant borrowing, but mortgages did well, holding at 5.00% with lowest fees. Versus the 10-year T-note at 3.70%, that's the narrowest spread eve -- Premier Mortgage Group, Inc,Lou Barnes,Boulder Co 03/12/2010
AIMSdashboard has released the latest version of its Web-based Appraisal Independence Management System (AIMS), featuring several compliance-focused additions. AIMS 4.4 will promote lender compliance -- NationalMortgageProfessional.com,NMP Media Services, 03/12/2010
“Friends, Americans, mortgage professionals, lend me your ears … I come to bury InterBay, not to praise them. The evil that men do lives after them. The good is oft interred with their bo -- NationalMortgageProfessional.com,NMP Media Services, 03/12/2010
Bank of America has announced that it has completed nearly 21,000 mortgage modifications under the federal government`s Home Affordable Modification Program (HAMP), according to the bank`s latest mont -- NationalMortgageProfessional.com,NMP Media Services, 03/12/2010
The Federal Deposit Insurance Corporation (FDIC) has closed on a sale of notes backed by residential mortgage-backed securities (RMBS) from seven failed bank receiverships. The sale was conducted thro -- NationalMortgageProfessional.com,NMP Media Services, 03/12/2010
HUD released a Mortgagee Letter this week announcing the validity period for appraisals used to establish listing prices for the federal agency's REO properties. The letter also outlines situation -- DSNews.com,Admin, 03/12/2010
Quarterly Revenues Increase 33% and YTD Revenues Increase 31% Year-over-Year -- DJSP Enterprises, Inc.,David J. Stern,Plantation Florida 03/12/2010
The Work Number� announced today that social security number verification can be easily fulfilled using its DirectChek identity fraud solution, a product offering from the recent acquisition of The Ra -- The Work Number,Pam Stevens,St Louis 03/12/2010
Sales at U.S. retailers rose unexpectedly in February despite a drop in vehicle purchases and inclement weather that was expected to curtail shopping, according to a government report on Friday that b -- MortgageLatestNews,Admin, 03/12/2010
Europe’s main stock markets rose Friday as investors awaited crucial economic data and tracked US attempts to rein in the banking sector, dealers said. London’s benchmark FTSE 100 index ga -- MortgageLatestNews,Admin, 03/12/2010
ANN ARBOR, MI, March 12, 2010 /24-7PressRelease/ -- Effective January 1, 2010 Daniel Milstein, founder and CEO of Gold Star Mortgage Financial Group, joined Cleary University for a three-year term on -- 24/7 Press Release Newswire,24/7 Media, 03/12/2010
With defaults on mortgages insured by the Federal Housing Administration (FHA) continuing to mount, lawmakers are pressing the federal agency to raise its minimum downpayment requirement from 3.5 perc -- DSNews.com,Admin, 03/12/2010
As the commercial real estate market continues to deteriorate, economists warn that overleveraged apartment owners may find it near to impossible to refinance their outstanding debt. Freddie Mac is ke -- DSNews.com,Admin, 03/12/2010
On Thursday, Starwood Capital Group, LLC (SCG), a private investment firm with a core focus on global real estate, appointed Steven Hankin as managing director, portfolio operations, giving him oversi -- DSNews.com,Admin, 03/12/2010
The median price for single-family homes in Connecticut climbed more than 6 percent in January compared to a year earlier, while sales increased for the fourth consecutive month, according to a report -- DSNews.com,Admin, 03/12/2010
* * * -- Hanley Investment Group Real Estate Advisors,Anne Monaghan,LAS VEGAS NV 03/12/2010
Start: 05/12/2010 9:00 am End: 05/12/2010 8:30 pm Timezone: America/New York Start: 05/12/2010 9:00 am End: 05/12/2010 8:30 pm Timezone: America/New Yo -- NationalMortgageProfessional.com,NMP Media Services, 03/11/2010
RealtyTrac, an online marketplace for foreclosure properties, has released its February 2010 U.S. Foreclosure Market Report, which shows foreclosure filings—default notices, scheduled auctions a -- NationalMortgageProfessional.com,NMP Media Services, 03/11/2010
On average, an appraiser working with major appraisal management companies (AMC) has more than 15 years of experience appraising residential properties, according to a new survey conducted by the Titl -- NationalMortgageProfessional.com,NMP Media Services, 03/11/2010
Last week, Rep. Barney Frank called for the nation's four largest banks to take a loss on secondary mortgage debt, such as home equity loans, which he says have no real economic value considering -- DSNews.com,Admin, 03/11/2010
Marking the second consecutive week of declines, Freddie Mac reported Thursday that mortgage rates dipped once again this week. For the week ending March 11, 2010, the 30-year fixed-rate mortgage aver -- DSNews.com,Admin, 03/11/2010
Colliers International, a global real estate services company headquartered in Boston, recently secured the No. 2 spot in the annual Lipsey Survey of the top 25 brands in the commercial real estate in -- DSNews.com,Admin, 03/11/2010
Bill Wills has joined Mutual of Omaha Bank as a senior mortgage loan officer. Based out of the bank's Texas headquarters, Wills is responsible for guiding Dallas customers through the process of b -- DSNews.com,Admin, 03/11/2010
In the fourth quarter of 2009, delinquency rates continued to increase for most commercial and multifamily mortgage investor groups, the Mortgage Bankers Association (MBA) reported Thursday. Although -- DSNews.com,Admin, 03/11/2010
President Obama's Home Affordable Foreclosure Alternative (HAFA) program has been under intense fire this week. On Thursday, the chief foreclosure expert at Ushud.com and its parent company Heavy -- DSNews.com,Admin, 03/11/2010
In an effort to help detect occupancy issues related to mortgage fraud, Agoura Hills, California-based Interthinx, a national provider of risk mitigation and regulatory compliance tools for the financ -- DSNews.com,Admin, 03/11/2010
The following is being issued by Fannie Mae (NYSE:FNM) : -- HomePath,Katherine Constantinou,Washington 03/11/2010
California’s revenue in February was $480 million or 8.7 percent above the estimate in Governor Arnold Schwarzenegger’s state budget plan, so tax refunds should be paid on time, State Co -- MortgageLatestNews,Admin, 03/11/2010
The U.S. dollar is still the most important world currency, Standard & Poor’s said on Thursday, but added that rising levels of U.S. debt and dependence on foreigners to finance much of pose -- MortgageLatestNews,Admin, 03/11/2010
Delinquency rates continued to increase in the fourth quarter for most commercial/multifamily mortgage investor groups, according to the Mortgage Bankers Association`s (MBA) Commercial/Multifamily Del -- NationalMortgageProfessional.com,NMP Media Services, 03/11/2010
Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 4.95 percent with an average 0.7 point for the week -- NationalMortgageProfessional.com,NMP Media Services, 03/11/2010
Rising vacancies and falling rents are impacting all sectors of commercial real estate. Landlords are focusing on tenant retention and negotiating lease extensions at low rents with favorable allowanc -- NationalMortgageProfessional.com,NMP Media Services, 03/11/2010
Today, March 11, 2010, Mike Anderson, CRMS, vice chairman of the Government Affairs Committee for the National Association of Mortgage Brokers (NAMB) will testify before the House Finan -- NationalMortgageProfessional.com,NMP Media Services, 03/11/2010
Foreclosure filings issued to U.S. homeowners have fallen for the second straight month.
According to new data released by RealtyTrac Thursday, default notices, scheduled auctions, and bank reposs -- DSNews.com,Admin, 03/11/2010
Keller Williams Realty, an Austin, Texas-based real estate franchise operation, recently announced the launch of Keller Williams Southern Arizona. This new operation, formerly with Realty Executives, -- DSNews.com,Admin, 03/11/2010
New York-based Lend America and its senior-level strategist and VP, Michael Ashley, have been permanently banned from doing business for the Federal Housing Administration, according to recently relea -- DSNews.com,Admin, 03/11/2010
GMAC Financial Services has auctioned off $250 million of problem mortgage assets, using Citigroup Inc. as its broker on the deal, according to a report from American Banker. GMAC reported in February -- DSNews.com,Admin, 03/11/2010
Interthinx has enhanced its flagship FraudGUARD product with new variances to help detect occupancy issues related to mortgage fraud. The changes come in response to a disturbing trend the company unc -- NationalMortgageProfessional.com,NMP Media Services, 03/10/2010
Fitch Ratings warned Tuesday that the still-weak financial fundamentals of the nation's lenders have cemented its rating outlook for the U.S. banking sector as negative.
The New York-based age -- DSNews.com,Admin, 03/10/2010
On Wednesday, the National Association of Realtors (NAR) and DocuSign, a provider of on-demand electronic signature solutions, unveiled the DocuSign Realtor Edition, an exclusive online eSignature ser -- DSNews.com,Admin, 03/10/2010
Nick Steiner has joined Continental REO Services, Inc. as the company's sales and marketing manager. He brings to the position more than nine years of experience managing major accounts throughou -- DSNews.com,Admin, 03/10/2010
At a public hearing scheduled for Tuesday, March 16, 2010, the Nevada Supreme Court will consider amendments to the rules governing the state's Foreclosure Mediation Program (FMP). If the amendmen -- DSNews.com,Admin, 03/10/2010
Fairway Independent Mortgage Corporation reported this week that it more than doubled its mortgage sales in New England in 2009. Mortgage loan volume for the company's New England offices grew fro -- DSNews.com,Admin, 03/10/2010
Marking the sixth straight month of declines, national house prices fell 2.3 percent in January, according to the latest IAS360 House Price Index (HPI) released Wednesday by Denver-based Integrated As -- DSNews.com,Admin, 03/10/2010
An activist group who says its purpose is to investigate and prosecute government corruption has instigated a federal court battle to get its hands on documents detailing the political contributions m -- DSNews.com,Admin, 03/10/2010
Mortgage Pricing Systems (MPS), developers of sophisticated pricing solutions for mortgage bankers, announced the release of a new feature that generates custom rate sheets. Customers using LEAP! Inte -- Mortgage Pricing Systems,Tom Lyons,Montville N.j. 03/10/2010
The following is being issued by Fannie Mae (NYSE:FNM) : -- HomePath,Katherine Constantinou,Washington 03/10/2010
LoanCare First To Take Advantage Of New Automated Process -- Simplifile, LC,Richard Jackman,Provo Utah 03/10/2010
Shareholders may have to wait for months to retrieve capital after U.S. regulators told banks not to increase dividends or buy back shares amid political and economic uncertainty surrounding the finan -- MortgageLatestNews,Admin, 03/10/2010
Europe’s leading stock markets nudged higher on Wednesday as traders awaited key US economic data and assessed the latest batch of company results. London’s benchmark FTSE 100 index added -- MortgageLatestNews,Admin, 03/10/2010
The Mortgage Bankers Association (MBA) has released its Weekly Mortgage Applications Survey for the week ending March 5, 2010. The Market Composite Index, a measure of mortgage loan application volum -- NationalMortgageProfessional.com,NMP Media Services, 03/10/2010
David Hall, a veteran of Michigan`s mortgage industry, has announced the launch of Hall Financial. Headquartered in Birmingham, Mich., the new company will provide expertise counsel and guidance -- NationalMortgageProfessional.com,NMP Media Services, 03/10/2010
DartAppraisal.com, a provider of nationwide residential real estate valuations, has announced their integration to FirstClose, a service of First Lender`s Data Inc. (FLDI). Based in Austin, Texas, FL -- NationalMortgageProfessional.com,NMP Media Services, 03/10/2010
An increase in purchase activity for the week ending March 5, 2010 caused mortgage loan application volume to nudge up 0.5 percent on a seasonally-adjusted basis from the prior week, the Mortgage Bank -- DSNews.com,Admin, 03/10/2010
Lender Processing Service, Inc. (LPS), a Jacksonville, Florida-based provider of integrated technology and services to the mortgage and real estate industries, recently announced that its LPS Auction -- DSNews.com,Admin, 03/10/2010
LAS VEGAS, NV, March 10, 2010 /24-7PressRelease/ -- Marlon and Nichole Young were on the hunt for their perfect home, a search that began in the heat of a Las Vegas summer and finally ended at Pardee -- 24/7 Press Release Newswire,, 03/10/2010
CAPE TOWN, SOUTH AFRICA, March 10, 2010 /24-7PressRelease/ -- Viewing properties in Johannesburg, Table view and Cape Town is a good idea if you want to make an investment as a local or international -- 24/7 Press Release Newswire,24/7 Media, 03/10/2010
Both the House bill for financial regulatory reform and the draft Senate bill currently being debated include across-the-board risk retention provisions for home mortgages. The idea is to ensure lende -- DSNews.com,Admin, 03/09/2010
In response to the new regulations under the Real Estate Settlement Procedures Act (RESPA), Advantage Title, Inc. has launched GFEz--a RESPA-compliant Good Faith Estimate (GFE) rate calculator that de -- DSNews.com,Admin, 03/09/2010
Foreclosures continue to drive down home prices in hard-hit states like Michigan, but according to the auction company Hudson & Marshall of Texas, this is good news for buyers and investors looking fo -- DSNews.com,Admin, 03/09/2010
Marcy Ford, EVP and managing partner for the bankruptcy and foreclosure first legal department of Farmington Hills-based Trott & Trott, P.C., has been recognized by Michigan Lawyers Weekly with the &# -- DSNews.com,Admin, 03/09/2010
Mortgage Contracting Services (MCS), a nationwide property preservation and inspection services provider, has added Steve Paton to its team as SVP, responsible for overseeing the company's Tampa, -- DSNews.com,Admin, 03/09/2010
Economists believe the nation's subprime mortgage meltdown and foreclosure crisis will continue to worsen unless innovative thinking reinvents the system. RebuildUS LLC says it's operating und -- DSNews.com,Admin, 03/09/2010
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