Mortgage Banking July 31, 2010
LPS Updates Report to Further Increase Industry View -- Lender Processing Services,Michelle Kersch,Jacksonville Fla. 07/31/2010
Testifying before Congress today, Mortgage Insurance Companies of America (MICA) pledged to play a critical role in the future of housing finance by continuing to enable first-time and lower income fa -- Mortgage Insurance Companies of America (MICA),Sue Ironfield,Washington 07/31/2010
Mortgage Company working hard to help homeowners during troubled times -- Fifth Third Bank,Whitney Ellis,Cincinnati 07/31/2010
Freddie Mac (OTC Bulletin Board: FMCC) announced today that it will not issue a Reference Notes® security on July 29, 2010. The company's 2010 Reference Notes calendar designates dates that it may -- Freddie Mac,Michael Cosgrove,Mclean Va. 07/31/2010
Mortgage rates were lower this week, with the average conforming 30-year fixed mortgage rate hitting a record low of 4.71 percent, according to Bankrate.com's weekly national survey. The average 3 -- Bankrate.com,Kayleen Yates,New York 07/31/2010
POMPANO BEACH, FL, July 31, 2010 /24-7PressRelease/ -- Anago Cleaning Systems is proud to announce the sale of the Eastern Ohio Master Territory to Ken Speece, based out of Canton, Ohio. -- 24/7 Press Release Newswire,24/7 Media, 07/31/2010
SAN DIEGO, CA, July 31, 2010 /24-7PressRelease/ -- Jackson Design & Remodeling and its team of award-winning designers today launched an enhanced portfolio page on its website showcasing amazing remod -- 24/7 Press Release Newswire,24/7 Media, 07/31/2010
OSAKA, JAPAN, July 31, 2010 /24-7PressRelease/ -- The index was designed to meet the need for consistent investing in a broad-based international vehicle; it represents the value of a basket of commod -- 24/7 Press Release Newswire,24/7 Media, 07/31/2010
GREENBELT, MD, July 31, 2010 /24-7PressRelease/ -- Roofing just got easier for New York homeowners, thanks to http://www.Roofing-Directory.com. The popular roofing estimate website recently expanded c -- 24/7 Press Release Newswire,24/7 Media, 07/31/2010
Real estate data provider Altos Research is taking a very bearish outlook on the housing market.
The company says that ominous shadow inventory of distressed properties hanging over the industry w -- DSNews.com,Admin, 07/31/2010
The percentage of loans 90 or more days past due held by the nation's largest mortgage company has declined for three months in a row.
According to a new monthly summary report released by Fann -- DSNews.com,Admin, 07/30/2010
Mortgage rates have hit record lows across the nation, but not as low as the rate being offered through a new program in West Virginia. According to a recent announcement by the state's governor, -- DSNews.com,Admin, 07/30/2010
HUD recently announced the availability of $79 million in grants for a broad range of housing counseling programs to help families find and preserve housing.
This represents an increase of $21 mil -- DSNews.com,Admin, 07/30/2010
The two corporate names linked in recent weeks to high-profile settlements with the Securities and Exchange Commission (SEC) over questionable practices related to mortgage investments are teaming up -- DSNews.com,Admin, 07/30/2010
Fannie Mae has opened a mortgage help center in the Windy City in order to provide counseling and other services for struggling homeowners in the greater metro area with loans owned by the GSE. The ne -- DSNews.com,Admin, 07/30/2010
The Federal Reserve has decided to raise the dollar amount of mortgage fees that trigger additional regulatory disclosure requirements under the Truth in Lending Act (TILA) and the Home Ownership and -- DSNews.com,Admin, 07/30/2010
DocuTech Corp, an Idaho Falls, Idaho-based provider of compliance services and documentation technology for the mortgage industry, recently announced that it signed 25 new clients in the first two qua -- DSNews.com,Admin, 07/30/2010
The end of July usually marks the quietest time of the year for markets. Big-shot bankers are away from trading desks, loading up for August in the Hamptons -- in the old days to kick sand at 98-pound -- Premier Mortgage Group, Inc,Lou Barnes,Boulder Co 07/30/2010
Fannie Mae (FNMA.OB) expanded it mortgage portfolio in June, while the rate of late payments on loans it guarantees fell in May, the largest U.S. home loan purchaser said on Friday. The serious delinq -- MortgageLatestNews,Admin, 07/30/2010
Congress has just come up with an extra $1 billion to help people who can’t pay their mortgage because of unemployment or a medical problem. Under this new Emergency Mortgage Relief program, eli -- MortgageLatestNews,Admin, 07/30/2010
The June Mortgage Monitor report released by Lender Processing Services Inc. (LPS) shows that overall foreclosure starts and foreclosure inventories have remained relatively stable; however, foreclos -- NationalMortgageProfessional.com,NMP Media Services, 07/30/2010
Michigan Attorney General Mike Cox has announced the filing of 19 criminal complaints and a total of 69 charges against illegal advanced fee "foreclosure rescue" operations accused of defrau -- NationalMortgageProfessional.com,NMP Media Services, 07/30/2010
On June 30, 2010, Fannie Mae issued additional guidance on appraisal-related policies, along with a number of other miscellaneous changes to its Selling Guide: Fannie Mae Single Family.1 Fannie`s new -- NationalMortgageProfessional.com,NMP Media Services, 07/30/2010
First American National Default Title Services, a division of First American Title Insurance Company, announced this week that it has added two key team members to its trustee servicing and sales divi -- DSNews.com,Admin, 07/30/2010
Foreclosure activity climbed in three-quarters of the largest U.S. metropolitan areas in the first half of 2010, compared with the same period a year ago, but declined in some of the nation’s ha -- MortgageLatestNews,Admin, 07/30/2010
The financial reform bill enacted last week is a significant step toward a much-needed modernization of our regulatory structure. It will provide tools to help mitigate and manage the next financial c -- MortgageLatestNews,Admin, 07/30/2010
Though volume remains low on an absolute level, commercial and multifamily mortgage loan originations seem to be on the journey upward. According to the Quarterly Survey of Commercial/Multifamily Mort -- DSNews.com,Admin, 07/30/2010
Despite recent increases in a number of the industry's home price measurements, and even an uptick in the company's own index of residential property prices, Fiserv Inc. says the gains will be -- DSNews.com,Admin, 07/30/2010
The Securities and Exchange Commission (SEC) on Thursday charged Citigroup Inc. with misleading investors about the company's exposure to subprime mortgage-related assets. The SEC also charged for -- DSNews.com,Admin, 07/30/2010
PHH Mortgage Corporation, a subsidiary of PHH Corporation, and Ellie Mae, the enterprise mortgage origination technology provider, have jointly announced that PHH Mortgage has been added as a lender t -- NationalMortgageProfessional.com,NMP Media Services, 07/29/2010
Arizona Attorney General Terry Goddard has announced that he has filed a lawsuit against The Guardian Group LLC for engaging in allegedly deceptive mortgage loan reduction services that have cost more -- NationalMortgageProfessional.com,NMP Media Services, 07/29/2010
Testifying before Congress, Mortgage Insurance Companies of America (MICA) pledged to play a critical role in the future of housing finance by continuing to enable first-time and lower income families -- NationalMortgageProfessional.com,NMP Media Services, 07/29/2010
The Securities and Exchange Commission has charged Citigroup Inc. with misleading investors about the company`s exposure to sub-prime mortgage-related assets. The SEC also charged one current and one -- NationalMortgageProfessional.com,NMP Media Services, 07/29/2010
Home Assure LLC, a company that deceived consumers with promises it could save their homes from foreclosure, will pay $2.4 million to victims as part of a settlement with the Federal Trade Commis -- NationalMortgageProfessional.com,NMP Media Services, 07/29/2010
David B. Fein, United States for the District of Connecticut, has announced that John Jackson of Middletown, Conn. has pleaded guilty before United States District Judge Christopher F. Droney in Hartf -- NationalMortgageProfessional.com,NMP Media Services, 07/29/2010
A new report published by RealtyTrac Thursday shows that 75 percent of the nation's largest metro areas posted increases in foreclosure activity during the first half of 2010.
RealtyTrac says -- DSNews.com,Admin, 07/29/2010
David M. Moffett has been named to the board of directors at CIT Group Inc., a century-old middle market business lender that emerged from Chapter 11 just seven months ago after filing for bankruptcy -- DSNews.com,Admin, 07/29/2010
Mortgage rates continued to slide downward for the week ending July 29, 2010, marking yet another round of record lows, Freddie Mac and Bankrate reported Thursday. According to Freddie Mac's Prima -- DSNews.com,Admin, 07/29/2010
The residential real estate market in Massachusetts seems to be on the mend. According to a recent report by the Warren Group, a provider of real estate data in New England, the Bay State saw year-ove -- DSNews.com,Admin, 07/29/2010
Even with record-low mortgage rates, many refinancing borrowers are choosing to pay down their loan balances rather than borrower more money. According to a recent report by Freddie Mac, cash-in borro -- DSNews.com,Admin, 07/29/2010
Residential mortgage loan officers at banks, credit unions, and other federally regulated financial institutions are now required to register their names and fingerprints with a national database.
-- DSNews.com,Admin, 07/29/2010
Fannie Mae is building the "strongest book of business we've seen in the last decade," the GSE's president and CEO, Michael Williams, proclaimed to a group of industry professionals th -- DSNews.com,Admin, 07/29/2010
Rates for 30-Year Fixed Mortgages Have Declined Faster Than 15-Year Rates -- LendingTree,Bethany Ciampa,Charlotte N.c. 07/29/2010
Hanover Community Bank will be honoring its commitment to Long Island widower George Baumann and funding his $271,000 loan. -- Hanover Community Bank,Frank Carone,Garden City N.y. 07/29/2010
Encompass360 Select program provides automated loan pricing from PHH Mortgage, accessible from directly within the Encompass360 mortgage management software -- Ellie Mae Inc.,Rosalie Berg,Pleasanton California 07/29/2010
Marti Rodamaker, president of First Citizens National Bank in Mason City, Iowa, testified today on behalf of the Independent Community Bankers of America (ICBA) before the House Financial Services Cap -- The Independent Community Bankers of America,Bill Grassano,Washington DC 07/29/2010
Mortgage Builder Software, a provider of loan origination software (LOS) technology, has announced its strategic alliance with Cenlar FSB, a subservicer of mortgage loans. Mortgage Builder has integr -- NationalMortgageProfessional.com,NMP Media Services, 07/29/2010
The co-owner of Ridgewood, N.J. mortgage brokerage firm Diversified Financial Group, d/b/a Residential Mortgage Corporation, and a former Residential Mortgage employee have pleaded guilty to wire frau -- NationalMortgageProfessional.com,NMP Media Services, 07/29/2010
Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), with the 30-year and 15-year fixed-rate mortgages reaching record lows. This week, the 30-year fixed-rate m -- NationalMortgageProfessional.com,NMP Media Services, 07/29/2010
BOURNEMOUTH, ENGLAND, July 29, 2010 /24-7PressRelease/ -- The UK`s grandparents will save parents around GBP806 million in childcare costs this summer, new research reveals today. -- 24/7 Press Release Newswire,24/7 Media, 07/29/2010
ST. GEORGE, UT, July 29, 2010 /24-7PressRelease/ -- Located in Ephraim, Utah, the restored home has two floors available for use as a family or small group meeting and lodging facility. The house is l -- 24/7 Press Release Newswire,24/7 Media, 07/29/2010
KATY, TX, July 29, 2010 /24-7PressRelease/ -- Katy Real Estate news and information now comes to you through a remarkable new online resource, http://www.angelakhomes.com! Katy foreclosures are now ha -- 24/7 Press Release Newswire,24/7 Media, 07/29/2010
ESSEX, ENGLAND, July 29, 2010 /24-7PressRelease/ -- Prepaid cards comparison website offers a free card with GBP20 top up. This is currently the best offer on the Internet. -- 24/7 Press Release Newswire,24/7 Media, 07/29/2010
July 29, 2010 /24-7PressRelease/ -- CEO`s High-Profile Divorce Proceeding Throws Company`s Sustainability Into Question -- 24/7 Press Release Newswire,24/7 Media, 07/29/2010
The latest edition of the Federal Reserve's Beige Book depicts only intermittent, patchy spots of continued economic growth, with residential real estate markets across the country characterized a -- DSNews.com,Admin, 07/29/2010
In the first half of 2010, Fannie Mae provided $5.9 billion in investment to the multifamily rental housing market, according to a semiannual report released Tuesday. The multifamily unit at Fannie Ma -- DSNews.com,Admin, 07/29/2010
The PMI Foundation, the philanthropic arm of the PMI Group, Inc., has awarded a $50,000 grant to the Consumer Credit Counseling Service (CCCS) of San Francisco. The grant will support continued fundin -- DSNews.com,Admin, 07/29/2010
New service transforms paper-based process of tracking and storing mortgage documents -- BNY Mellon,Kevin Heine,New York 07/28/2010
PROGRESS in Lending Association affirms that the status quo is not what’s going to get the -- Progress In Lending,Tony Garritano,WILTON ct 07/28/2010
LONDON, ENGLAND, July 28, 2010 /24-7PressRelease/ -- LV= is warning that accidents caused by Brits drinking and partying at home this summer is predicted to leave UK homeowners with a total repair bil -- Midflorida Schools Federal Credit Union,24/7 Media, 07/28/2010
National vacancy rates in the second quarter 2010 were 10.6 percent for rental housing and 2.5 percent for homeowner housing, according to stats released by the U.S. Department of Commerce’s Cen -- NationalMortgageProfessional.com,NMP Media Services, 07/28/2010
Second quarter 2010 commercial and multifamily mortgage loan originations were one percent higher than during the same period last year and 35 percent higher than during the first quarter, according t -- NationalMortgageProfessional.com,NMP Media Services, 07/28/2010
David B. Fein, United States Attorney for the District of Connecticut, has announced that a federal grand jury sitting in New Haven, Conn. has returned an 11-count indictment charging Steven J. Kottag -- NationalMortgageProfessional.com,NMP Media Services, 07/28/2010
Colorado Attorney General John Suthers has announced that his office has filed a lawsuit against a Denver man, Sherron L. Lewis Jr., suspected of defrauding homeowners in foreclosure, includ -- NationalMortgageProfessional.com,NMP Media Services, 07/28/2010
Faced with growing criticism of its Making Home Affordable foreclosure prevention program, the Obama administration is turning to the tried and true method of advertising to raise public awareness of -- DSNews.com,Admin, 07/28/2010
Despite a continued increase in purchase applications, mortgage loan application volume fell 4.4 percent for the week ending July 23, 2010, the Mortgage Bankers Association (MBA) reported Wednesday. A -- DSNews.com,Admin, 07/28/2010
The real estate downturn has sent home prices tumbling, inflated housing inventories, and prompted stimulus programs that have pushed mortgage rates to record lows and given homebuyers tax breaks and -- DSNews.com,Admin, 07/28/2010
As part of an ongoing effort against scams that target financially distressed consumers, the Federal Trade Commission (FTC) has banned several marketers from selling mortgage modification or foreclosu -- DSNews.com,Admin, 07/28/2010
U.S. Reps. John Lewis, David Scott, and Hank Johnson have joined forces with HUD, the U.S. Department of Treasury, the HOPE NOW Alliance, and NeighborWorks America for an upcoming event aimed at helpi -- DSNews.com,Admin, 07/28/2010
Advanced technology expands appraisal management company’s product and service offerings for lender clients -- Inhouse Inc,Chuck johnson,Orange Ca 07/28/2010
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending July 23, 2010. The Market Composite Index, a measure of mortgage loan application vol -- CampusMBA,Melissa Key,Washington District of Columbia 07/28/2010
Alliance brings industry’s most reliable product eligibility and pricing technology to fingertips of Mortgage Builder users -- Mortgage Builder Software Inc,Keven Smith,Southfield Michigan 07/28/2010
While the past couple years have created financial havoc for millions of Americans -- foreclosures, 10 percent unemployment and manic-depressive financial markets -- there has been a silver lining for -- IntelliQuote,Jennifer Bulotti,El Dorado Hills Calif. 07/28/2010
Fannie Mae (OTC Bulletin Board: FNMA) today announced that the company, through its lender and housing partners, provided $5.9 billion in investment to the multifamily rental housing market for the fi -- HomePath,Heather Baker,Washington 07/28/2010
CredAbility Helps Homeowners Navigate Mortgage Modification Process -- CredAbility,Scott Scredon,Atlanta 07/28/2010
Search the Wall!