Mortgage Lending July 15, 2010
Bank of America Merrill Lynch has announced that Steven Kenny has been promoted to commercial real estate banking (CREB) region executive for the states of New York and New Jersey. In his new role, Ke -- NationalMortgageProfessional.com,NMP Media Services, 07/15/2010
Inlanta Mortgage has completed a redesign of its Web site, www.inlanta.com, to offer loan applicants and other site visitors a quicker and more convenient way to learn about the company’s full r -- NationalMortgageProfessional.com,NMP Media Services, 07/15/2010
The U.S. Senate has announced the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act (HR 4173) by a vote of 60-39. The 2,300-plus-page bill, HR 4173, will address -- NationalMortgageProfessional.com,NMP Media Services, 07/15/2010
Very little activity was seen in the realm of mortgage rates this week, as the historical lows observed in weeks past held fairly steady, Freddie Mac and Bankrate reported Thursday. According to Fredd -- DSNews.com,Admin, 07/15/2010
Mortgage giants Fannie Mae and Freddie Mac have been hit with a lawsuit by California Attorney General Jerry Brown. He's suing the GSEs and their regulator for refusing to support the Property Ass -- DSNews.com,Admin, 07/15/2010
Lincoln Appraisal & Settlement Services, a national appraisal management and settlement services company, has added Home State Bank to its growing list of clients. "We are excited to begin working -- DSNews.com,Admin, 07/15/2010
Business Solutions, an affiliate of the American Bankers Association (ABA), recently selected Wells Fargo Funding as its newest mortgage solutions provider for secondary market sales of residential mo -- DSNews.com,Admin, 07/15/2010
Banks took back an average of 4,000 South Florida properties each month during the first half of 2010, according to a new report from the locally based real estate consultancy Condo Vultures. At the c -- DSNews.com,Admin, 07/15/2010
RoundPoint Financial Group, an integrated mortgage servicing and origination firm based in Charlotte, North Carolina, recently named Dave Worrall as its new EVP and national servicing manager. In his -- DSNews.com,Admin, 07/15/2010
Privilege previously terminated for Citizens First Bank -- First Michigan Bancorp, Inc.,Tom Szczepanski,Troy Mich. 07/15/2010
CGA Capital Corporation and its affiliates have closed a highly structured, lease-backed financing worth $687 million. The transaction paves the way for construction of a 1.5 million-square-foot manuf -- CGA Capital Corporation,W. Kyle Gore,Baltimore 07/15/2010
Renasant Bank (NASDAQ: RNST) today announced it will officially kick off its new Crestline location with a Grand Opening Ribbon Cutting Ceremony at 9:00 AM on Monday, July 19, 2010. The Renasant Crest -- Renasant Corporation,John Oxford,Birmingham Ala. 07/15/2010
Money Management International (MMI), the largest nonprofit credit counseling agency in the nation, released a survey showing that nearly 7 in 10 kids in America are asked to participate in fundraiser -- Money Management International,Tanisha Warner,Houston 07/15/2010
a la mode today announced its new Client Relations department dedicated exclusively to Mercury Network clients. Mercury Network is the dominant online appraisal Vendor Management Platform (VMP), allow -- A La Mode Inc.,Molly Dowdy,Oklahoma City 07/15/2010
EnerCom, Inc. (www.enercominc.com) will host The Oil & Gas Conference® 15 at the Westin Tabor Center on August 22-26, 2010 in Denver. In its 15th year, the conference is the oldest and largest energy -- Macquarie On-Line,EnerCom Inc.,Denver 07/15/2010
North American Garage Operators Hold the Line on Rates -- Colliers International,Richard Mulieri,Seattle 07/15/2010
Shareholder Call Scheduled for July 29 -- American Capital Agency Corp.,Investors,Bethesda Md. 07/15/2010
A good investor like you must learn how to secure residential hard money lenders even before he needs them. This practice is very simple but it can do great things to your real estate investing busine -- MortgageLatestNews,Admin, 07/15/2010
Mortgage rates were largely flat the past week, with the average rate on 30-year fixed-rate mortgages remaining at a record low, according to Freddie Mac’s (FMCC) weekly survey of mortgage rates -- MortgageLatestNews,Admin, 07/15/2010
The American Land Title Association (ALTA) has announced that it has updated its uniform set of instructions to help facilitate the handling of new settlement documents that became mandatory Jan. 1, 2 -- NationalMortgageProfessional.com,NMP Media Services, 07/15/2010
Fannie Mae`s announcement SEL-2010-09, June 30, 2010 specifies lender responsibility and liability regarding appraiser selection criteria, regardless if the selection is performed by a third-party app -- NationalMortgageProfessional.com,NMP Media Services, 07/15/2010
Mortgage rates moved up this week, with the average conforming 30-year fixed mortgage rate rising to 4.77 percent, according to Bankrate.com’s weekly national survey. The average 30-year fixed m -- NationalMortgageProfessional.com,NMP Media Services, 07/15/2010
Each month, National Mortgage Professional Magazine will focus on one of the industry`s top players in our "Mortgage Professional of the Month" feature. Our readers are encouraged to contact -- NationalMortgageProfessional.com,NMP Media Services, 07/15/2010
a la mode has announced its new Client Relations Department dedicated exclusively to Mercury Network clients. Mercury Network is an online appraisal vendor management platform (VMP), allowing lenders -- NationalMortgageProfessional.com,NMP Media Services, 07/15/2010
JPMorgan Chase blew analysts expectations out of the water Thursday morning when it announced that second quarter profits jumped 76 percent to $4.8 billion. It is the first of the financial moguls to -- DSNews.com,Admin, 07/15/2010
Equator said Thursday that 300,000 short sales have been initiated on its platform since the short sale automation solution was launched in November 2009. Just over a month ago, the company hit the 20 -- DSNews.com,Admin, 07/15/2010
After more than a year of drafts, rewrites, and debate, the U.S. Senate voted 60 to 39 on Thursday afternoon to approve sweeping new legislation to overhaul the nation's financial regulatory syste -- DSNews.com,Admin, 07/15/2010
Fall Off In Revenues and Profits Exceeds Transient Hotels According to Latest Colliers PKF Consulting USA Report -- Colliers PKF Consulting USA,Dave Arnold,Philadelphia 07/15/2010
Mortgage rates moved up this week, with the average conforming 30-year fixed mortgage rate rising to 4.77 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mor -- Bankrate.com,Kayleen Yates,New York 07/15/2010
Cohen Milstein Files Amended Consolidated Complaint in Case Involving $350 Billion of Mortgage-Backed Securities -- Cohen Milstein Sellers & Toll PLLC,Art Silverman,Washington 07/15/2010
Starwood Property Trust (NYSE:STWD) (the "Company") announced today that the Company has recently committed to invest approximately $175 million of capital in three separate transactions. In J -- Starwood Property Trust, Inc.,Investor Relations,Greenwich Conn. 07/15/2010
A federal grand jury indicted Nevin Shapiro, former owner and Chief Executive Officer of Capitol Investments USA Inc. (Capitol), today for allegedly overseeing a $880 million Ponzi scheme linked to hi -- U.S. Department of Justice,Rebekah Carmichael,Newark N.j. 07/15/2010
Fannie Mae's announcement SEL-2010-09, June 30, 2010 specifies lender responsibility and liability regarding appraiser selection criteria, regardless if the selection is performed by a third-party -- Streetlinks National Appraisal Services,Brad Summers,Indianapolis 07/15/2010
New team's diverse financial expertise will raise the bar for ratings accuracy -- Kroll Bond Ratings,Ryan Toohey,New York 07/15/2010
SunTrust Banks, Inc., (NYSE: STI) announced today that Ken Turner has been named President of SunTrust Equipment Finance and Leasing, the company's subsidiary that provides financing for essential -- Suntrust Mortgage, Inc.,Mike McCoy,Atlanta 07/15/2010
Freddie Mac (OTC Bulletin Board: FMCC) announced today that it plans to launch a $1 billion reopening of its 2.875% five-year USD Reference Notes® security that matures on February 9, 2015. The issue -- Freddie Mac,Michael Cosgrove,Mclean Va. 07/15/2010
-- Esri Users will be Able to Leverage Nation's Most Complete and Accurate Parcel Database -- -- CoreLogic,Bob Visini,Santa Ana Calif. 07/15/2010
SIRVA, Inc., a leading worldwide provider of relocation and moving solutions, has been named one of the top workplaces in the Twin Cities (Minnesota) metro area by the Star Tribune. -- SIRVA, Inc.,Denise Suttman,Minneapolis 07/15/2010
Southern California-based Alcole Capital Group announced it has arranged $17.2 million for the refinance of a 262-multifamily housing property in San Diego, CA. Chris Hutchison and Keith Oldham of Alc -- Alcole Capital Group,Chris Hutchison,El Segundo Calif. 07/15/2010
-- Leading Fraud Index Shows Risk Decreased 25 Percent since 2007, Yet One in 200 Loans Still Contain Misrepresentations that Lead to Default -- -- CoreLogic,Bob Visini,Santa Ana Calif. 07/15/2010
Progressive Corp., the fourth- largest U.S. auto insurer, said profit fell 15 percent on investment writedowns. Second-quarter net income dropped to $211.9 million, or 32 cents a share, from $250.1 mi -- MortgageLatestNews,Admin, 07/15/2010
Fannie Mae’s current-coupon 30-year fixed-rate mortgage bonds narrowed 0.03 percentage point to about 0.65 percentage point more than 10-year Treasuries as of 4:45 p.m. in New York, according to -- MortgageLatestNews,Admin, 07/15/2010
LEAWOOD, KS, July 15, 2010 /24-7PressRelease/ -- Financial Connections Group, Inc. and Advisor Impact, Inc., today announced the findings of their recent private Client Audit. The Client Audit is a th -- 24/7 Press Release Newswire,24/7 Media, 07/15/2010
LONDON, ENGLAND, July 15, 2010 /24-7PressRelease/ -- Vetfone, an animal advice helpline available to M&S Pet Insurance customers, is preparing for its busiest times of the year and getting ready to de -- 24/7 Press Release Newswire,24/7 Media, 07/15/2010
LONDON, ENGLAND, July 15, 2010 /24-7PressRelease/ -- Debenhams has announced that it is offering customers the chance to save the trouble of travelling outside of the European Union (EU) in order to g -- 24/7 Press Release Newswire,24/7 Media, 07/15/2010
LONDON, ENGLAND, July 15, 2010 /24-7PressRelease/ -- The deVere Group is pleased to announce that the deVere Group 1.0 App was today approved by Apple, and is available on the Apple iTunes App Store. -- 24/7 Press Release Newswire,24/7 Media, 07/15/2010
The Mortgage Bankers Association (MBA) has released its Weekly Mortgage Applications Survey for the week ending July 9, 2010. The Market Composite Index, a measure of mortgage loan application volume -- NationalMortgageProfessional.com,NMP Media Services, 07/15/2010
AMS Servicing LLC, a national specialty servicer for residential and small balance commercial mortgages, has announced the appointment of Kevin J. Cooke Jr. to the position of senior vice president, s -- NationalMortgageProfessional.com,NMP Media Services, 07/15/2010
Total Mortgage Services LLC has announced that it has formally launched its wholesale residential mortgage lending platform, TMS Funding, in 17 states across the United States. TMS Funding, which wil -- NationalMortgageProfessional.com,NMP Media Services, 07/15/2010
Nationwide Title Clearing (NTC), a document and services provider for the residential mortgage industry, and key title industry veterans and founders of TransContinental Title have formed a new nation -- NationalMortgageProfessional.com,NMP Media Services, 07/15/2010
Coester Appraisal Group, a nationwide appraisal management company (AMC), has announced that company chief executive officer and appraisal expert Brian Coester has been commissioned by AllRegs, an inf -- NationalMortgageProfessional.com,NMP Media Services, 07/15/2010
United States Attorney Laura E. Duffy has announced that Rollo Richard “Rick” Norton II was sentenced in federal court in San Diego by United States District Judge Marilyn L. Huff to serve -- NationalMortgageProfessional.com,NMP Media Services, 07/15/2010
RoundPoint Financial Group, an integrated mortgage servicing and origination firm, has announced that it has named Dave Worrall as its new executive vice president and national servicing manager. Worr -- NationalMortgageProfessional.com,NMP Media Services, 07/15/2010
eLynx, a portfolio company of American Capital, has announced that data compiled from settlement agent activity on its expedite network for electronic document collaboration and distribution indicate -- NationalMortgageProfessional.com,NMP Media Services, 07/15/2010
The law firm of Cohen Milstein Sellers & Toll PLLC has filed an amended consolidated class action complaint in its landmark litigation against Countrywide Financial Corporation and other underwrit -- NationalMortgageProfessional.com,NMP Media Services, 07/15/2010
New Vista Asset Management, the San Diego-based minority-owned firm, has announced that it has sold 8,146 foreclosed properties totaling $1 billion in sales through its national real estate broker net -- NationalMortgageProfessional.com,NMP Media Services, 07/15/2010
Thirty-one percent of all residential properties sold in the first quarter of 2010 were foreclosure properties, according to data released this week by Foreclosure Deals, an online resource of foreclo -- DSNews.com,Admin, 07/15/2010
AMS Servicing, LLC, a national specialty servicer for residential and small balance commercial mortgages, announced Tuesday the appointment of Kevin J. Cooke, Jr. to SVP of sales and business developm -- DSNews.com,Admin, 07/15/2010
Wolters Kluwer Financial Services announced this week that the company's Fair Lending Wiz software now includes an Ethnicity Proxy functionality to help improve the quality of Home Mortgage Disclo -- DSNews.com,Admin, 07/15/2010
Due to a drop in both purchase and refinance activity, mortgage loan application volume fell 2.9 percent for the week ending July 9, 2010, the Mortgage Bankers Association (MBA) reported Wednesday. Ac -- DSNews.com,Admin, 07/15/2010
Delinquency rates for residential mortgage-backed securities (RMBS) were mixed in June. According to Fitch Ratings, U.S. prime RMBS serious delinquencies rose for the 37th consecutive month. But durin -- DSNews.com,Admin, 07/15/2010
Fraud risk in the mortgage industry has declined by 25 percent since it peaked in the third quarter of 2007, according to a new report from CoreLogic. But further analysis by the company reveals that -- DSNews.com,Admin, 07/15/2010
A joint venture between the real estate investment firms Colony Capital, headquartered in Santa Monica, California, and the Cogsville Group of New York City placed the winning bid on a portfolio of $1 -- DSNews.com,Admin, 07/15/2010
The combination of a down economy and high levels of housing inventory has put sellers at a disadvantage as home prices have continued to drop throughout the summer. According to a report released Wed -- DSNews.com,Admin, 07/15/2010
Prospect Mortgage, an independent residential retail mortgage lender, recently appointed Joel Epstein as REO manager for the company's Southeast region. In his new role, Epstein will be responsibl -- DSNews.com,Admin, 07/15/2010
RealtyTrac released its Midyear 2010 Foreclosure Report Thursday, which shows that 1,654,634 U.S. properties received a foreclosure filing during the first half of this year.
That figure means tha -- DSNews.com,Admin, 07/15/2010
Webster Bank, the main subsidiary of Webster Financial Corporation (NYSE:WBS) , announced today that it has provided $4.6 million in financing for President Titanium of Hanson, Mass., a wholesaler and -- Webster Bank,Brenda F. Greene,Boston 07/14/2010
AMS Servicing, LLC, a national specialty servicer for residential and small balance commercial mortgages, announced today the appointment of Kevin J. Cooke, Jr. to Senior Vice President, Sales and Bus -- AMS Servicing, LLC,Ingrid Principe,Depew N.y. 07/14/2010
- Leading Credit Reference Agency for Payday and Other Non-Traditional Lending Recognized for Growth and Industry Expertise - -- CoreLogic,Bob Visini,London 07/14/2010
--Worrall Joins Leading National Mortgage Firm to Advance Special Servicing Platform-- -- RoundPoint Financial Group,Seth Linden,Charlotte N.c. 07/14/2010
The $100 billion GMAC auto finance operation rebrands in North America -- Ally Financial Inc.,Gina Proia,Detroit 07/14/2010
New Look and Name Reflects Past Changes -- PKF Consulting, Inc.,Thomas Callahan,San Francisco 07/14/2010
Essent Guaranty, Inc., a mortgage insurer founded to provide private capital to America's housing finance system, announced that its parent company, Essent Group Ltd., has secured an additional $1 -- Essent Guaranty, Inc.,Janice Walker,Radnor Pa. 07/14/2010
Ground-breaking technology automates the creation of NYC ACRIS E-Tax forms, cutting processing time by 90% -- TitleVest Agency, Inc.,Melanie Keenan,New York 07/14/2010
Collaboration offers Accelerated Process for Loan Modifications -- Citizen Title & Escrow.,Chantal Eshghipour,Redwood Shores Calif. 07/14/2010
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