Mortgage Lending June 30, 2010
Statement from Michael D. Calhoun, President, Center for Responsible Lending -- Center for Responsible Lending,Kathleen Day,Washington 06/30/2010
Innovative Green Affordable Apartments to Provide Support Services, Access to Jobs -- Enterprise Community Partners,Mark Allison,Albuquerque N.m. 06/30/2010
Independent Bank Corporation (NASDAQ:IBCP) , a Michigan-based community bank, announced that it was notified by The Nasdaq Stock Market that the Company no longer meets the minimum $1.00 per share req -- Independent Bank Corporation,Robert Shuster,Ionia Mich. 06/30/2010
David M. Disick, private residence club pioneer and fractional finance expert, announced today that his company, Securities Based Fractional Funding, LLC (SBFF) and Equities First Holdings, LLC (EFH), -- SBF Funding, Inc.,David M. Disick Esq.,Park City Utah 06/30/2010
The prognosis for the economy and getting much needed capital through bank loans is still problematic. Ask any business owner and they'll tell you: requests for a bank loan often hit a dead end. -- International Capital Group,Stacey McClenathan,Chicago 06/30/2010
$82.5 Million Loan Carries Interest Rate of 6.25 Percent -- Taubman Centers, Inc.,Karen Mac Donald,Bloomfield Hills Mich. 06/30/2010
Industry Leader Mark Silver to Head National Service Line -- Colliers International,Richard Mulieri,Seattle 06/30/2010
-- The majority of Americans know the rates they are paying on their credit card and their credit rating -- Despite this awareness, they continue to carry high interest credit card debt and many do no -- Lending Club,Katherine Madariaga,Redwood City Calif. 06/30/2010
Freddie Mac (NYSE:FRE) announced today that it will not issue a Reference Notes® security on June 24, 2010. The company's 2010 Reference Notes calendar designates dates that it may use to announce -- Freddie Mac,Sean Forde,Mclean Va. 06/30/2010
Behringer Harvard announced today that it has obtained a Freddie Mac-financed loan secured by a first mortgage lien on The Palms of Monterrey, a stabilized 408-unit multifamily community in Fort Myers -- Behringer Harvard,Katie Myers,Dallas 06/30/2010
CEO Don Hamm to retire, COO Adam Lamnin to fill top post in 2011 -- Assurant, Inc.,Shawn Kahle,New York 06/30/2010
Mortgage rates fell to yet another low point this week, with the average conforming 30-year fixed mortgage rate dropping to 4.81 percent, according to Bankrate.com's weekly national survey. The av -- Bankrate.com,Kayleen Yates,New York 06/30/2010
In the latest public validation of Marketcore, Inc.'s intellectual property, the June 2010 edition of Compliance Matters, the newsletter of the Regulatory & Legislative Interest Group of the CPCU -- Marketcore, Inc.,Jeffrey Lee Simons,Westport Conn. 06/30/2010
Small and medium enterprises represent around 99.7% of the total business establishments in the U.S, and contribute 40% to the country's GDP. In 2009, twenty nine million small businesses operated -- MarketsandMarkets,Ms. Sunita,Dallas Texas 06/30/2010
According to the National Council on Aging, many lenders have reduced their origination fees or are willing to pay some of the mortgage-insurance premiums up front in an effort to convert prospects in -- Dataman Group Direct,Dale Filhaber,Boca Raton Florida 06/30/2010
ONTARIO, CA, June 30, 2010 /24-7PressRelease/ -- A group of competing office landlords have joined forces to attract new businesses to the City of Ontario through a newly-formed alliance, OntarioHQ. T -- 24/7 Press Release Newswire,24/7 Media, 06/30/2010
BLACK DIAMOND, WA, June 30, 2010 /24-7PressRelease/ -- Most traders know the popular price oscillators: Stochastic, RSI, Williams %R, Price Rate of Change, etc. Price Oscillators are second only to MA -- 24/7 Press Release Newswire,24/7 Media, 06/30/2010
ATLANTA, GA, June 30, 2010 /24-7PressRelease/ -- Selective Designs, a boutique landscape design firm in south Atlanta, has made a consistent effort throughout the `great recession` to partner with oth -- 24/7 Press Release Newswire,24/7 Media, 06/30/2010
ST. LOUIS, MO, June 30, 2010 /24-7PressRelease/ -- Global Vision Technologies, Inc., the creators of FAMCare web-based child welfare and social services software for non-profits and county/state agenc -- 24/7 Press Release Newswire,24/7 Media, 06/30/2010
RealtyTrac released a new industry report Thursday, which shows that homes already foreclosed or somewhere in the process accounted for 31 percent of all residential sales in the first quarter of 2010 -- DSNews.com,Admin, 06/30/2010
The yen traded near the strongest level in more than eight years against the euro as signs economies in the U.S. and China are slowing boosted demand for safer assets. The yen was close to the highest -- MortgageLatestNews,Admin, 06/29/2010
Predatory lending would likely become a thing of the past if proposed regulatory reform rules are put into practice. And that may mean that mortgages get more expensive and more difficult to get, lend -- MortgageLatestNews,Admin, 06/29/2010
The U.S. House of Representatives passed a bill Tuesday that would give homebuyers who are eligible for a federal tax credit three extra months to close on their loans.
As it stands now, qualifyin -- DSNews.com,Admin, 06/29/2010
The Illinois housing market continued down the road to recovery in May, as both home sales and prices jumped on year-over-year basis, the Illinois Association of Realtors (IAR) recently reported. Acco -- DSNews.com,Admin, 06/29/2010
Founding partner Caren Castle and managing attorney Deanne Westfall of Denver-based Castle Meinhold & Stawiarski, LLC, have both earned a place on the 2010 Colorado Super Lawyers Top 100 list. This ma -- DSNews.com,Admin, 06/29/2010
NEW YORK, NY, June 29, 2010 /24-7PressRelease/ -- Many people focus on finding a specialist in the area of law that affects them. This may consist of having several lawyers who don`t even know you whe -- 24/7 Press Release Newswire,24/7 Media, 06/29/2010
Representatives of the Financial Fraud Enforcement Task Force in the District of Columbia, including U.S. Attorney Ronald C. Machen Jr., Daniel S. Cortez, Inspector in Charge, Washington Div -- NationalMortgageProfessional.com,NMP Media Services, 06/29/2010
Mortgage Concepts has announced that Thomas R. Sirico has joined the company as vice president of business development. Sirico, most recently executive business director of mortgageNOW inc. in Re -- NationalMortgageProfessional.com,NMP Media Services, 06/29/2010
Flagstar Bancorp Inc., the holding company for Flagstar Bank FSB, was recognized for achieving the highest ranking in the 2010 J.D. Power and Associates Retail Banking Satisfaction Study. Flagstar top -- NationalMortgageProfessional.com,NMP Media Services, 06/29/2010
U.S. home prices edged up in April, Standard & Poor's said Tuesday. It was the first monthly increase recorded by the agency in seven months. The S&P/Case-Shiller 20-city price index rose 0.8 perc -- DSNews.com,Admin, 06/29/2010
Default Servicing Technologies, LLC (DST) recently introduced a new Web-based REO workflow platform for residential and small commercial properties. The new system is modeled after the company's f -- DSNews.com,Admin, 06/29/2010
The StoneHill Group recently announced that it has formed a strategic alliance with Capital Markets Cooperative (CMC). Through this alliance, members of CMC will be able to take advantage of post clos -- DSNews.com,Admin, 06/29/2010
Independent mortgage bankers and their subsidiaries made an average profit of $1,135 on each loan they originated in 2009, compared to $305 per loan in 2008, the Mortgage Bankers Association (MBA) rep -- DSNews.com,Admin, 06/29/2010
U.S. Reps. Jeff Miller (R-Florida) and Adam Putnam (R-Florida) have introduced legislation to provide mortgage forbearance to homeowners in the areas affected by the BP oil spill. This bill will allow -- DSNews.com,Admin, 06/29/2010
Struggling homeowners in Florida will have limited ability to face any additional economic challenges brought on by the Gulf oil spill, according to Fitch Ratings. A recently completed study by F -- NationalMortgageProfessional.com,NMP Media Services, 06/29/2010
Real estate appraisal provisions in the final version of the Dodd-Frank Wall Street Reform and Consumer Protection Act, completed by Congress, should mean more reliable home appraisals for consumers, -- NationalMortgageProfessional.com,NMP Media Services, 06/29/2010
DartAppraisal.com, a national provider of residential real estate appraisals, has introduced the DartAssurance custom appraisal warranty. The warranty insures mortgage lenders, investors, banks and c -- NationalMortgageProfessional.com,NMP Media Services, 06/29/2010
Independent mortgage bankers and subsidiaries made an average profit of $1,135 on each loan they originated in 2009, compared to $305 per loan in 2008, according to the Mortgage Bankers Association (M -- NationalMortgageProfessional.com,NMP Media Services, 06/29/2010
FOLSOM, CA, June 29, 2010 /24-7PressRelease/ -- Iron Point Capital Management, a third-party asset management firm known for their commitment to helping advisors grow and enhance their practice by pro -- 24/7 Press Release Newswire,24/7 Media, 06/29/2010
A new study released Monday by data service provider Experian finds that nearly 1 in 5 mortgage delinquencies in the second quarter of 2009 was the result of a borrower strategically defaulting.
Th -- DSNews.com,Admin, 06/29/2010
As the GSEs and other federal agencies sell their collective inventory of repossessed homes, they will generate significant pressure on prices, according to Radar Logic.
The company's analysis -- DSNews.com,Admin, 06/29/2010
The PMI Mortgage Insurance Co. recently promoted Chris Hovey to SVP of servicing operations and loss management. In his new role, Hovey is responsible for three groups, including claims and loss manag -- DSNews.com,Admin, 06/29/2010
In what seems to be a never-ending trend, Florida's existing-home and condo sales increased once again in May, according to the latest housing data released by Florida Realtors. A total of 16,745 -- DSNews.com,Admin, 06/29/2010
LendingTree has announced the launch of its first Blackberry app, the Mortgage RateFinder, now available at Blackberry App World. The free application allows users to obtain on-the-spot loan offers an -- NationalMortgageProfessional.com,NMP Media Services, 06/28/2010
The National Reverse Mortgage Lenders Association (NRMLA) has announced the first class of members who have met all the qualifications and have received their Certified Reverse Mortgage Professio -- NationalMortgageProfessional.com,NMP Media Services, 06/28/2010
Central Pacific Financial Corp. (NYSE:CPF) announced that the company and its primary subsidiary, Central Pacific Bank (CPB), received regulatory approvals for the appointment of John C. Dean as an of -- Central Pacific Financial Corp.,David Morimoto,Honolulu 06/28/2010
Data Suggests Rates Offered by Lenders Can Vary by 0.35 Percent -- LendingTree,Bethany Ciampa,Charlotte N.c. 06/28/2010
Independent Bank Corporation (NASDAQ:IBCP) , the holding company of Independent Bank, a Michigan-based community bank ("we," "us" or the "Company"), today announced the settlem -- Independent Bank Corporation,Robert Shuster,Ionia Mich. 06/28/2010
Seven-Year Lockout Policy for Strategic Defaulters -- HomePath,Janis Smith,Washington 06/28/2010
Plans call for the center to add up to 100 new employees over the coming year. President and CEO Timothy Walsh will be present for the opening ceremony on July 12, 2010 -- UnitedTech Lender Services, Inc.,Stephen Weaver,Orange County Calif. 06/28/2010
PwC's Financial Services Technology Journal Offers Insights to Move IT beyond Service Provider Model -- PricewaterhouseCoopers,Laura Schooler,New York 06/28/2010
Stewart Information Services Corporation (NYSE:STC) is pleased to announce that on June 30, 2010, it expects to surrender to the lender all of its pledged auction rate securities (ARS) in full satisfa -- Stewart Title Co.,Ted C. Jones,Houston 06/28/2010
A surge in legal actions tied to foreclosures and investors-related cases helped push the Mortgage Litigation Index to an all-time high during the first quarter. Criminal cases more than doubled and m -- MortgageDaily.com,Rebecca Carr,Dallas 06/28/2010
CBIS Global, a division of Christian Brothers Investment Services, Inc. (CBIS), is pleased to announce the launch of two new CBIS Global Funds: CBIS Global Bond Fund and CBIS Global European Equity Fu -- CBIS Global,Carol Graumann,New York 06/28/2010
Central Pacific Bank has hired Bill Wilson as Executive Vice President, Special Credits; Irene A. Dlugopolsky as Senior Vice President, Director of Credit Risk Management and Michael Rose as Vice Pres -- Central Pacific Financial Corp.,David Morimoto,Honolulu 06/28/2010
Sholom Rubashkin, the former CEO of Agriprocessors Inc., was sentenced today to 27 years in federal prison. -- U.S. Department of Justice,Bob Teig,Cedar Rapids Iowa 06/28/2010
Three members of an alleged mortgage fraud scheme that falsely promised to help homeowners facing foreclosure keep their homes and repair their damaged credit were arrested this morning on wire fraud -- U.S. Department of Justice,Rebekah Carmichael,Newark N.j. 06/28/2010
Astoria Federal Savings has announced the 12 winners of its annual Teen Photo Contest, open to 13 to 19 year olds. Participating teens were encouraged to use their cameras and creative approaches to c -- Astoria Federal Savings,Wendy O'Neill,Lake Success N.y. 06/28/2010
Fund Also Closes On and Has Committed Deals Valued at $10 Million -- JCR Capital,Robert Engle,Denver 06/28/2010
The 505 is One of Two Developments Below 96th Street with FHA Approval and Immediate Occupancy; One Bedrooms start at $631k -- Parkview Developers,Megan Raphael,New York 06/28/2010
Thompson National Properties, LLC (TNP), one of the fastest growing international real estate companies, announced today that Christopher Cameron has joined TNP as Chief Financial Officer of the TNP S -- TNP Strategic Retail Trust, Inc.,Jill Swartz,Irvine Calif. 06/28/2010
Sales of existing homes in Florida rose 18 percent in May, marking 21 months that sales activity has increased in the year-to-year comparison, according to the latest housing data released by Florida -- Florida Realtors,Marla Martin,Orlando Fla. 06/28/2010
The 12th Judicial Circuit of Florida covering DeSoto, Manatee and Sarasota counties is implementing a foreclosure mediation program to provide homeowners and their lenders with an opportunity to resol -- Collins Center for Public Policy,Jon DeVries,Tallahassee Fla. 06/28/2010
Braver Stern Securities LLC, an independent broker-dealer, announced today that veteran investment strategist Scott Buchta has joined the firm as a Managing Director and the Head of Investment Strateg -- Braver Stern Securities LLC,Kate McGann,New York 06/28/2010
Low-cost reverse mortgage announcement comes on the heels of report highlighting company's industry-leading growth -- Generation Mortgage Company,Trey Ditto,Atlanta 06/28/2010
The ALS Association's Detroit WALK TO DEFEAT ALS -- Quicken Loans,Stacey Orsted,Troy Mich. 06/28/2010
Gold rose in New York to within 0.4 percent of a record as investors bought the metal to protect their wealth amid financial market turbulence. Hedge-fund managers and other large speculators increase -- MortgageLatestNews,Admin, 06/28/2010
WARY CONSUMERS AND TIGHT REGULATIONS MAJOR FACTORS On June 24, average 30-year fixed mortgage rates dipped to an all-time record low of 4.69 percent. It was reported that some brokers were quoting rat -- MortgageLatestNews,Admin, 06/28/2010
The Mortgage Bankers Association (MBA) believes the financial regulatory reform legislation, voted out of conference on Friday, while still needing improvement during the regulatory process, could hav -- NationalMortgageProfessional.com,NMP Media Services, 06/28/2010
A $40 million lawsuit has been filed by Florida`s Sarasota County against Wells Fargo Bank NA, alleging improper investment advice with regard to the county’s securities lending portfolio prior -- NationalMortgageProfessional.com,NMP Media Services, 06/28/2010
According to updated findings from Experian and Oliver Wyman, strategic defaulters, who are defined as remaining delinquent for six months after the initial date of delinquency, continued as a high pe -- NationalMortgageProfessional.com,NMP Media Services, 06/28/2010
Banks in Florida, Georgia, and New Mexico were shut down over the weekend, bringing the number of failed FDIC-insured institutions to 86 for the year. That's nearly twice the number of closings at -- DSNews.com,Admin, 06/28/2010
A general practice of servicers today is to consider borrowers for a standard Fannie Mae mortgage modification based solely on the homeowners' verbal statement of their financial information. But -- DSNews.com,Admin, 06/28/2010
ELK Software announced last week that users of its Short Sale Commander platform have closed more than $600 million in short sales since the system was launched in early 2009. In addition, the company -- DSNews.com,Admin, 06/28/2010
According to the Mortgage Bankers Association's analysis of the Federal Reserve Board Flow of Funds data, commercial/multifamily debt outstanding fell to $3.31 trillion in the first quarter of thi -- DSNews.com,Admin, 06/28/2010
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