Mortgage Lending Edition January 31, 2012

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Monday May 21, 2012
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5-21   1003s.com Email Reply
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[ Link: Web Link ]
5-21   General Reply
 
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- Hide Details
ABOUT US:
IFG Mortgage Corp. was founded in 1995 and provides residential homeowners a variety of financial services to accomplish one simple goal: From purchase and refinance mortgage bank
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Sunday May 20, 2012
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Friday May 18, 2012
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5-18   1003s.com Email Reply
 
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[ Link: Web Link ]
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Turner-Young Investment Company
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5-18   Anonymous Reply
 
5-18   Anonymous Reply
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Mortgage Lending January 31, 2012


Daily Events Editions
Market News Annoucements
Sources Archives

Second Lien Guidance: Are Banks Reserving Enough?

Although women have made much progress in reaching the leadership levels of business, including the mortgage business, the progress is disappointing-and stalled. What is so stubborn about this issue? -- NMN,Admin,New York NY  01/31/2012

11 AGs File Brief to Protect Against Discriminatory Housing Practices

Eleven U.S. state attorneys general have filed a friend-of-the-court brief in the U.S. Supreme Court urging the court in Magner v. Gallagher to rule that federal anti-discrimination law can be enforce -- NationalMortgageProfessional.com,NMP Media Services,   01/31/2012

DocuSign and Cartavi Agreement Streamlines Cloud-Based Doc Management

DocuSign has announced that Cartavi, the simple document sharing platform for real estate, has integrated with DocuSign to help real estate professionals close more deals faster in the cloud. &ld -- NationalMortgageProfessional.com,NMP Media Services,   01/31/2012

LPS Seeks Dismissal of Deceptive Practices Charges Filed by Nevada AG

Lender Processing Services Inc. (LPS) has responded to the civil complaint filed by Nevada Attorney General Catherine Cortez Masto against LPS, DOCX LLC, LPS Default Solutions Inc.Click to contin -- NationalMortgageProfessional.com,NMP Media Services,   01/31/2012

Home Prices Continue to Slide in Latest Case-Shiller Report

Data through November 2011, released by S&P Indices for its S&P/Case-Shiller Home Price Indices, showed declines of 1.3 percent for both the 10- and 20-City Composites in November ov -- NationalMortgageProfessional.com,NMP Media Services,   01/31/2012

HUD Approves IndiSoft Module for Direct Reporting by Counselors

IndiSoft announced Tuesday that the company has enhanced its RxOffice Premium Counselor Edition. The updated module has been approved by HUD to meet the reporting requirements of agencies participatin -- DSNews.com,Admin,   01/31/2012

Robo-Signing Settlement Update: Friday is Cutoff for States to Join

State attorneys general have until Friday to sign on to a settlement draft that would resolve claims against the nation's top five mortgage servicers surrounding documentation errors in foreclosur -- DSNews.com,Admin,   01/31/2012

ALFN Appoints Interim CEO and President

The board of directors of the American Legal & Financial Network (ALFN) has announced the resignation of William LeRoy as CEO and president. DS News has learned that LeRoy now serves as founder and pr -- DSNews.com,Admin,   01/31/2012

Beckett Promoted to CFO of Cohen Financial

The Williams Capital Group LP has added a new structured finance unit to serve corporate, federal, state and local government clients and hired an executive who had held several key leadership positio -- NMN,Admin,New York NY  01/31/2012

Habib Joins RFC As Chief Strategist

-- NMN,Admin,New York NY  01/31/2012

CFPB Says `Ability to Pay` Reg Coming Soon

Lender Processing Services has filed a motion to dismiss charges made by Nevada Attorney General Catherine Cortez Masto against the company and two subsidiaries for fraudulent business practices. -- NMN,Admin,New York NY  01/31/2012

LPS Files Motion to Dismiss Nevada AG Fraud Charges

The national vacancy rate for single-family homes fell in 2011 as foreclosures slowed and sales of empty units increased by 14% over the past four quarters, according to new government figures release -- NMN,Admin,New York NY  01/31/2012

Regulatory Penalties Cause Ally Loss, Temporary LOC Non-compliance

Although women have made much progress in reaching the leadership levels of business, including the mortgage business, the progress is disappointing-and stalled. What is so stubborn about this issue? -- NMN,Admin,New York NY  01/31/2012

HAMP Expansion Gets Good Reviews, For Now

-- NMN,Admin,New York NY  01/31/2012

Rep. Garrett Renews Push on Covered Bonds

Banc of Manhattan Capital, Woodland Hills, Calif., entered the correspondent mortgage channel late last year, buying $50 million worth of product in the month of December. -- NMN,Admin,New York NY  01/31/2012

Banc of Manhattan Enters Correspondent Channel, Sees Strong Growth

The Williams Capital Group LP has added a new structured finance unit to serve corporate, federal, state and local government clients and hired an executive who had held several key leadership positio -- NMN,Admin,New York NY  01/31/2012

Former Lehman MBS Exec to Head New Structured Finance Unit

-- NMN,Admin,New York NY  01/31/2012

Want to Buy a House? It`s Like 2003 All Over Again

The national vacancy rate for single-family homes fell in 2011 as foreclosures slowed and sales of empty units increased by 14% over the past four quarters, according to new government figures release -- NMN,Admin,New York NY  01/31/2012

Wells: Homeowner Vacancy Rate Won`t Normalize Until 2021

After the federal government recently announced that it plans on launching a pilot program in the first quarter this year to sell Fannie Mae, Freddie Mac and Federal Housing Administration REO homes i -- NMN,Admin,New York NY  01/31/2012

RFC Adds Barry Habib to Lead Marketing Initiatives

Barry Habib has returned to the mortgage industry as the new chief market strategist for Residential Finance Corporation (RFC). Habib, an entrepreneur who created the Mortgage Market Guide, will provi -- NationalMortgageProfessional.com,NMP Media Services,   01/31/2012

Case-Shiller Records Continuing Declines in Home Prices

Data released this morning by Standard & Poor's for its S&P/Case-Shiller home price index showed declines in November of 3.6 percent for the 10-city composite and 3.7 percent for the 20-city compo -- DSNews.com,Admin,   01/31/2012

Appraisal Institute Offers Guidance on Distressed Comparables

The Appraisal Institute recently released new guidelines to instruct its members on how to deal with distressed sales and foreclosures when seeking comparables. According to the Institute, some h -- DSNews.com,Admin,   01/31/2012

San Ramon Insurance Agency Announces Grand Opening of New Office

SAN RAMON, CA, January 31, 2012 /24-7PressRelease/ -- Gleason Insurance Agency today announced the recent opening of its office in San Ramon, California, where they will be providing a comprehensive s -- 24/7 Press Release Newswire,24/7 Media,   01/31/2012

Fast W2 and 1099 Printing: EzW2 From Halfpricesoft Helps First-Time Employers Mail Tax Forms Before Jan 31

LOUISVILLE, KY, January 31, 2012 /24-7PressRelease/ -- Form W2 and 1099 tax software developer Halfpricesoft.com released the new ezW2 2011 software for 2012 tax season. The new data upload feature wi -- 24/7 Press Release Newswire,24/7 Media,   01/31/2012

Average Home Price One-Third Below Peak 2006 Levels

Fiserv Inc. has released an analysis of home price trends in more than 380 U.S. markets based on the Fiserv Case-Shiller Indexes. The indexes are owned and generated by Fiserv, a leading global provid -- NationalMortgageProfessional.com,NMP Media Services,   01/30/2012

Mortgage Marketing: Content vs. Inbound

You can’t avoid it ... you hear about it all the time. “Content,” is arguably the biggest buzzword in marketing right now. How does this fit in to the plethora of mortgage marketing -- NationalMortgageProfessional.com,NMP Media Services,   01/30/2012

REO Service Provider Outlines Trends in 2012

Field Asset Services (FAS), a provider of pre-foreclosure, real estate-owned (REO) and renovation field services to the mortgage servicing industry, has released its 2012 Top 10 predictions. Cont -- NationalMortgageProfessional.com,NMP Media Services,   01/30/2012

Survey Finds Homeownership Satisfaction at 72 Percent Nationwide

HomeGain.com has announced the results of its 2012 Homeownership Satisfaction Survey where 1,400 homeowners nationwide participated. Homeowners who were polled were asked whether they were satisf -- NationalMortgageProfessional.com,NMP Media Services,   01/30/2012

The Elite Performer: Don`t Be a `Realist` in 2012

It’s no secret to anyone that we’ve been on a wild ride over the last few years in our industry. With 2011 quickly winding down, we’re facing yet another New Year right around the co -- NationalMortgageProfessional.com,NMP Media Services,   01/30/2012

Keeping Your Edge in 2012

I`ve written previously on how by the time the holidays are here, the year has already ended. It`s the time to spend time with family, friends and those business relationships we really appreciate. Bu -- NationalMortgageProfessional.com,NMP Media Services,   01/30/2012

Housing Will Soon Help the Economy, but Not by Much: Report

The analysts at Capital Economics are holding fast to their forecast that the downturn in the housing market is drawing to a close. As a result, they say housing should soon start to boost economic gr -- DSNews.com,Admin,   01/30/2012

Hutchens, Senter & Britton Attorneys Receive Honors

Three attorneys with Hutchens, Senter, & Britton, P.A. HSB) were honored with different accolades for their work in the industry. Terry Hutchens, a managing partner at HSB, has been selected by his pe -- DSNews.com,Admin,   01/30/2012

Wells Fargo Aims to `Lift` Neighborhoods in Los Angeles, Atlanta

Wells Fargo announced the launch of a new program, Neighborhood LIFT, which aims to bring reluctant buyers off the sidelines to help absorb excess inventory in two major cities. The bank established a -- DSNews.com,Admin,   01/30/2012

Regulators Shutter Five Lenders

State and federal regulators stepped in to shut down five lenders over the weekend, including one New York-based credit union and four FDIC-insured institutions - two in Tennessee and one each in Flor -- DSNews.com,Admin,   01/30/2012

Don`t Expect Rise in National Home Prices Until 2013: Fiserv

Fiserv is forecasting average U.S. home prices to fall by another 2.7 percent through the third quarter of 2012, before rising 3.8 percent by the third quarter of 2013. The company says the monthly mo -- DSNews.com,Admin,   01/30/2012

First Guaranty Names Lasky as AVP, National Underwriting

-- NMN,Admin,New York NY  01/30/2012

Making Compliance Profitable

VantageScore Solutions has stated that 46 investors, who run the gamut, are now using its consumer credit score model in their risk and pricing models. -- NMN,Admin,New York NY  01/30/2012

IMA Floats Freddie Mac MSR Offering

Certain categories of specially serviced U.S. CMBS loans are likely to keep increasing through 2012, according to a recent Fitch Ratings report. -- NMN,Admin,New York NY  01/30/2012

B of A Ready to Unload Another MSR Package?

The new collaboration between the federal government and certain states to investigate pre-crisis mortgage fraud will have 55 dedicated attorneys, investigators, analysts and support staff, officials -- NMN,Admin,New York NY  01/30/2012

The Obama MBS Task Force: 55 Dedicated Attorneys and Counting

Certain categories of specially serviced U.S. CMBS loans are likely to keep increasing through 2012, according to a recent Fitch Ratings report. -- NMN,Admin,New York NY  01/30/2012

Some Specially Serviced CMBS Loans May Continue to Mount

JPMorgan Chase late last week told a federal court in Wichita that NCUA's negligence suit against top executives of WesCorp Federal Credit Union proves it was the shortcomings of those executives -- NMN,Admin,New York NY  01/30/2012

JPM Counters in MBS CU Case

One of the co-chairs of the new federal/state Residential Mortgage-Backed Securities Working Group is preparing to file cases in the next few weeks against Wall Street firms involved in the packaging -- NMN,Admin,New York NY  01/30/2012

New York AG on Verge of Bringing New MBS Cases

Evidence of insufficient or misleading disclosures during RMBS sales will be a focus of the new Residential Mortgage-Backed Securities Working Group under President Obama's Financial Fraud Enforce -- NMN,Admin,New York NY  01/30/2012

SEC Official: RMBS Group to Seek Sales Disclosure Concerns

-- NMN,Admin,New York NY  01/30/2012

Pressure to Sell REOs as Criminal Activity Rises

Radian Group Inc., Philadelphia, has entered into a series of transactions with Assured Guaranty Ltd., Hamilton, Bermuda, which will eventually add $100 million to its mortgage insurance subsidiary -- NMN,Admin,New York NY  01/30/2012

Benefits of Accelerating the Foreclosure Process for Vacant Homes

Old Republic International Corp.'s mortgage guaranty business lost $163 million for the fourth quarter and $678 million for the year, 48% worse and 160% worse than the same periods one year ago, a -- NMN,Admin,New York NY  01/30/2012

Credit Unions Facing Tighter Regulations on Loan Mods

Field Asset Services believes that property preservation companies will have a greater workload this year in order to try to prevent more foreclosures from taking place nationwide. -- NMN,Admin,New York NY  01/30/2012

Fed Study Points To Housing Barriers

Despite lingering challenges real estate agents and lenders currently face when selling foreclosed and bank owned properties, these homes continue to make up a high percentage of all sales nationwide -- NMN,Admin,New York NY  01/30/2012

FAS: Busy Times Ahead for Property Preservation Firms

-- NMN,Admin,New York NY  01/30/2012

Homeowner Satisfaction Rate at 72%, Highest for Short Sale Purchasers

Seventy-two percent of homeowners say they are satisfied with homeownership, according to a recent survey of more than 1,400 homeowners conducted by HomeGain. Among the 28 percent who said they were d -- DSNews.com,Admin,   01/30/2012

FAS Outlines Top 10 Property Preservation Predictions for 2012

Field Asset Services (FAS), a provider of pre-foreclosure, REO, and renovation field services, has released its top 10 property preservation predictions for 2012, which focus on providing superior cus -- DSNews.com,Admin,   01/30/2012

A Bitter Pill to Swallow

The first recently originated private-label/jumbo securitization to hit the market since 2008 shows a deal of this type can be issued despite today's uncertain regulatory environment, but in such -- NMN,Admin,New York NY  01/30/2012

Sunstone Homes Launches `Planet Forward` Concept in Tampa Bay Area to Raise Awareness of Attainable Green Housing

TAMPA, FL, January 30, 2012 /24-7PressRelease/ -- The owners of Sunstone Homes, Brian Lamb and Joe Gibbons, have launched "Planet Forward" Concept Green Housing and are offering affordable, -- 24/7 Press Release Newswire,24/7 Media,   01/30/2012

New Technologies Set to Revolutionise the Foreign Exchange Industry, Say Currencies Direct

LONDON, ENGLAND, January 30, 2012 /24-7PressRelease/ -- A raft of new technologies and trends are set to change the currency exchange landscape beyond recognition in the years to come, say currency ex -- 24/7 Press Release Newswire,24/7 Media,   01/30/2012

Nancy Irsay Profiled in `To Her Success!`

INDIANAPOLIS, IN, January 29, 2012 /24-7PressRelease/ -- Businesswoman and philanthropist Nancy Irsay is featured in the just-released book, "To Her Success!", which profiles central Indiana -- 24/7 Press Release Newswire,24/7 Media,   01/29/2012

Blue Steel Acquisitions Wins Big at Entrepreneurship Seminar

CORK, IRELAND, January 29, 2012 /24-7PressRelease/ -- Unlike many other industries that are affected by the recession, Blue Steel Acquisitions and the sales and marketing industry continues to thrive. -- 24/7 Press Release Newswire,Lucia Franekova (Administrator),   01/29/2012

Carolina Consulting Explore Time Management Strategies That Boost Achievement

LIVERPOOL, ENGLAND, January 29, 2012 /24-7PressRelease/ -- When observing successful entrepreneurs, Carolina Consulting saw regular tips which focused on managing schedules effectively to dramatically -- 24/7 Press Release Newswire,24/7 Media,   01/29/2012

New Changes Announced Today Regarding HAMP Program

HENDERSON, NV, January 29, 2012 /24-7PressRelease/ -- The Obama administration today announced they are backing significant changes to the minimally successful HAMP (Home Affordable Modification Progr -- 24/7 Press Release Newswire,24/7 Media,   01/29/2012

MARMOL EXPORT, U.S.A. Wins Award of Merit - Commercial Interior from the Marble Institute of America

MIAMI, FL, January 29, 2012 /24-7PressRelease/ -- MARMOL EXPORT, U.S.A. is a south Florida importer, distributor, and wholesaler of natural stone sourced from around the world. Having been in business -- 24/7 Press Release Newswire,24/7 Media,   01/29/2012

Filing for Bankruptcy in Arizona? Don`t Worry, You Can Keep Your Car

January 28, 2012 /24-7PressRelease/ -- Filing for bankruptcy is often one of the best ways to obtain a fresh start when completely overwhelmed by debt. However, many people are hesitant to file for ba -- 24/7 Press Release Newswire,24/7 Media,   01/28/2012

Convicted Offenders and the New Unemployment Epidemic

January 28, 2012 /24-7PressRelease/ -- The economic downturn, the housing market crash, and the persistently high unemployment rates have been weighing heavily on the majority of the American people. -- 24/7 Press Release Newswire,24/7 Media,   01/28/2012

Flagstar Heads Into 2012 Lead by 47.1 Percent Quarterly Rise in Mortgage Originations

Flagstar Bancorp Inc., the holding company for Flagstar Bank FSB, has reported earnings of over over $337 million in 2011, while reducing its yearly net loss by 58 percent from 2010. Leading the charg -- NationalMortgageProfessional.com,NMP Media Services,   01/28/2012

Government Triples Payout to Servicers for Principal Reduction Under Revamp of HAMP

The Obama Administration has announced additional enhancements to the Making Home Affordable Program, including the Home Affordable Modification Program (HAMP). The Obama Administration has made -- NationalMortgageProfessional.com,NMP Media Services,   01/28/2012

Obama`s New RMBS Investigation Unit Takes Shape

The special mortgage investigation unit announced by President Obama during his State of the Union address Tuesday night has taken shape. The new Residential Mortgage-Backed Securities (RMBS) Working -- DSNews.com,Admin,   01/28/2012

Processing Delays Manifested: 39% Fewer Foreclosure Starts in 2011

The number of foreclosure actions initiated in 2011 was down 38.7 percent compared to 2010, according to a new report from Lender Processing Services (LPS). The foreclosure inventory, on the other han -- DSNews.com,Admin,   01/28/2012

Subservicer Drops Forwards for Reverses

I watched the State of the Union speech Tuesday and came away thinking no real "mortgage" surprises tonight except for two: Obama not using the word "mortgage broker" once, and the for -- NMN,Admin,New York NY  01/27/2012

Flurry of Subpoenas Raises Force-Placed Stakes

The Treasury Department late Friday unveiled a new plan to expand the Home Affordable Modification Program by increasing the incentive fees it pays investors -- including Fannie Mae and Freddie Mac - -- NMN,Admin,New York NY  01/27/2012

Freddie Mac Finds `Solid Demand` for Five-Year Ref Notes

I watched the State of the Union speech Tuesday and came away thinking no real "mortgage" surprises tonight except for two: Obama not using the word "mortgage broker" once, and the for -- NMN,Admin,New York NY  01/27/2012

The State of the Mortgage Union

-- NMN,Admin,New York NY  01/27/2012

Surprise: Treasury Offering New Incentives for Principal Writedowns

-- NMN,Admin,New York NY  01/27/2012

Administration Revamps HAMP to Reach More Borrowers

The Obama administration has announced changes to its flagship foreclosure prevention initiative - the Home Affordable Modification Program (HAMP) - which officials say will expand its reach to more d -- DSNews.com,Admin,   01/27/2012

Selene`s Larry Litton on the Rise of Smaller Special Servicing Shops

The default servicing industry is in a state of transition, according to Larry B. Litton Jr., CEO of Selene Finance, and it's the smaller, more nimble servicing operations that will have the advan -- DSNews.com,Admin,   01/27/2012

Meyer Joins Plaza Home Mortgage as Sales Manager

-- NMN,Admin,New York NY  01/27/2012

Obama`s New Refi Program Will Rely on FHA

PHH Corp., which saw its CEO depart a few weeks ago, late Thursday named Charles Pizzi, the former chairman of the Federal Reserve Bank of Philadelphia, to its board. -- NMN,Admin,New York NY  01/27/2012

PHH Names Former Philly Fed Chairman to its Board

Kinecta Federal Credit Union, Manhattan Beach, Calif., posted a $30.6 million loss for 2011, citing problems with its mortgage business. -- NMN,Admin,New York NY  01/27/2012