Mortgage Lending Edition April 15, 2011

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Monday May 21, 2012
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5-21   Anonymous Reply
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Business Loans
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5-21   Izzy Email Reply
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5-21   1003s.com Email Reply
IFG Mortgage corp. Open Positions
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5-21   General Reply
 
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Location: Newtown, PA
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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
5-21   Anonymous Reply
Sunday May 20, 2012
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5-20   Anonymous Reply
Friday May 18, 2012
How can I sign up for REO listings carolarealtor@yahoo.com
How can I sign up for REO listings carolarealtor@yahoo.com
5-18   Anonymous Reply
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5-18   1003s.com Email Reply
 
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5-18   Anonymous Reply
 
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5-18   Anonymous Reply
Turner-Young Investment Company
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5-18   Anonymous Reply
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5-18   Anonymous Reply
 
5-18   Anonymous Reply

Mortgage Lending April 15, 2011


Daily Events Editions
Market News Annoucements
Sources Archives

Pan American Metals Explains Why Silver is the Best Precious Metal Investment on the Market Today

MIAMI, FL, April 15, 2011 /24-7PressRelease/ -- Pan American Metals of Miami (PAMOM), an individual investment service, has always recommended that its clients invest in precious metals as a safe and -- 24/7 Press Release Newswire,24/7 Media,   04/15/2011

JOH Signs an Enterprise Agreement with alqemyiQ

FRAMINGHAM, MA, April 15, 2011 /24-7PressRelease/ -- alqemyiQ, a leader in demand data analytics for the consumer goods industry, announced today that it has signed an enterprise agreement with JOH to -- 24/7 Press Release Newswire,24/7 Media,   04/15/2011

Colorado Supreme Court to Review Wal-Mart Personal Injury Damages Issue

April 15, 2011 /24-7PressRelease/ -- The Colorado Supreme Court recently decided to review a 2010 Colorado Court of Appeals decision involving the collateral source rule. The central issue is whether -- 24/7 Press Release Newswire,24/7 Media,   04/15/2011

Debt Piling Up? Explore Your Options -- Including Bankruptcy

April 15, 2011 /24-7PressRelease/ -- For millions of Americans, these economic hard times have meant a growing debt load. In New Jersey and across the country, people are struggling to get a firm foot -- 24/7 Press Release Newswire,24/7 Media,   04/15/2011

LV= Joins Forces with Matt Perry and Mike Gatting for LV= SOS Kit Aid

DORSET, ENGLAND, April 15, 2011 /24-7PressRelease/ -- LV= has teamed up with former England rugby star Matt Perry and cricket legend Mike Gatting OBE to unveil its groundbreaking new kit recycling ini -- Midflorida Schools Federal Credit Union,24/7 Media,   04/15/2011

Niche Retail Positions Branded Manufacturers for Success with Magento Ecommerce Platform

SYLVAN LAKE, MI, April 15, 2011 /24-7PressRelease/ -- As the world of ecommerce continues to quickly evolve, companies like Niche Retail, a Magento Enterprise Partner, have been taking full advantage -- 24/7 Press Release Newswire,24/7 Media,   04/15/2011

Daniel Milstein Ranked Top Originator In U.S.

ANN ARBOR, MI, April 15, 2011 /24-7PressRelease/ -- Daniel Milstein of Gold Star Mortgage Financial Group has been ranked the #1 loan originator in the United States, according to the Scotsman Guide`s -- 24/7 Press Release Newswire,24/7 Media,   04/15/2011

Moody`s: U.S. CMBS Loan Delinquencies Slip to 9.16%

The delinquency rate on loans included in U.S. commercial mortgage-backed securities (CMBS) conduit/fusion transactions inched down 2 basis points in March to 9.16 percent, Moody's Investors Servi -- DSNews.com,Admin,   04/15/2011

Rates Rise for Fourth Straight Week

Interest rates for the 30-year fixed-rate mortgage rose by four basis points on average for the week ended April 14, making it four weeks in a row of increases, according to Freddie Mac. -- NMN,Admin,New York NY  04/14/2011

Nationwide Foreclosures Go Down, but Still Concerns for Future

Foreclosure filing activity decreased over the past three months by 15% from the last quarter in 2010 and 27% lower than the first quarter of last year, according to the latest RealtyTrac foreclosure -- NMN,Admin,New York NY  04/14/2011

LOS Vendor Ellie Mae Going Public Friday

Ellie Mae priced its initial public offering at $6 per share Thursday evening, raising $45 million for the Pleasanton, Calif.-based mortgage technology vendor, a source confirmed to Mortgage Technolog -- NMN,Admin,New York NY  04/14/2011

There May be a `Morning After` for Loan Brokers

Perhaps, loan brokers should just stop battling the Federal Reserve over its loan officer compensation rule, adapt, and move on to the next stage of their career. Or as loan broker/banker Chris Sorens -- NMN,Admin,New York NY  04/14/2011

Rep. Frank: Regulators Too Conservative on QRM

The chief congressional proponent of the risk retention rule says federal regulators have gone too high in setting a 20% downpayment requirement on single-family loans that meet the "qualified res -- NMN,Admin,New York NY  04/14/2011

Fixed-Rate Mortgages Rise Yet Again and Flirt With the Five Percent Mark

Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), which shows mortgage rates rising slightly for the fourth consecutive week, yet remaining below five percent moving i -- NationalMortgageProfessional.com,NMP Media Services,   04/14/2011

Goldman, Ratings Agencies and Others Blasted in Senate Report for `Crappy` MBS

Concluding a two-year bipartisan investigation, Sens. Carl Levin (D-MI) and Tom Coburn (R-OK), Chairman and Ranking Republican on the Senate Permanent Subcommittee on Investigations, have released a 6 -- NationalMortgageProfessional.com,NMP Media Services,   04/14/2011

South Florida Bank Repossessions Decline for First Time in Four Years

Bank repossessions in South Florida decreased during the first quarter of 2011, according to a new report from the locally based firm Condo Vultures. Lenders repossessed 2 percent fewer properties bet -- DSNews.com,Admin,   04/14/2011

Mortgage Rates Rise for Fourth Straight Week

Interest rates on home loans headed higher this week, marking the fourth consecutive increase recorded. Still, rates remain extremely low by historical standards - a selling point market players hope -- DSNews.com,Admin,   04/14/2011

Legislation Introduced to Speed Lender Response to Short Sales

Two lawmakers, one Republican and one Democrat, have joined forces to push federal legislation through that would facilitate wider use and shorter transaction timelines for a foreclosure alternative t -- DSNews.com,Admin,   04/14/2011

Regulators Assure Public Fines Are Coming for Robo-Signing Offenses

The retrospective foreclosure reviews mandated by the formal enforcement actions handed down to servicers will help regulators evaluate the extent of the problem and determine the amount of monetary f -- DSNews.com,Admin,   04/14/2011

MountainView Hires MGD for Mortgage Trading

MountainView Capital Holdings, Denver, on Thursday announced the hiring of Robert Wellerstein as a managing director in the firm's mortgage and fixed income sales and trading units. -- NMN,Admin,New York NY  04/14/2011

Ellie Mae Registers Stock, Slashes IPO Price 40%

Mortgage technology vendor Ellie Mae registered its common stock with the Securities and Exchange Commission Thursday morning, lowering not only its initial public offering price, but the amount of mo -- NMN,Admin,New York NY  04/14/2011

What Realtors Want to Know About the Loan Process

I just completed a killer interview with Denise Phillippi, a branch manager in Overland Park, Kans. Every single week, she has at least one file transferred to her (requested by the real estate agent -- NMN,Admin,New York NY  04/14/2011

Fed Beige Book: Residential Markets Weak, But Some Signs of Hope

The Federal Reserve, in its new 'Beige Book' report, offers little hope that residential real estate markets will pick up steam anytime soon, but there are glimmers of improvement in such once -- NMN,Admin,New York NY  04/14/2011

More Growth and Innovation Seen for Financial Counseling

The housing-crisis-driven high demand for financial counseling services of recent years appears to be on track for further collaborative growth and innovation despite budding and expected economic imp -- NMN,Admin,New York NY  04/14/2011

Banks Heading Back to Mortgage Securities?

A rising interest rate scenario could lead bank mortgage lenders back to the securitization markets, a paper from Fitch Research hypothesizes. The combination of rising rates and slowing prepayments m -- NMN,Admin,New York NY  04/14/2011

Details On Servicing Consent Orders: No Dual Tracking, More…

The banking consent agreements signed by some of the nation's largest residential servicers on Wednesday require the firms to stop the practice of "dual tracking" where at risk homeowners -- NMN,Admin,New York NY  04/14/2011

FHA Fines Massachusetts Lender

The Federal Housing Administration has fined a Brookline, Mass., lender $72,500 and ordered the firm to reimburse the agency for past insurance claims. -- NMN,Admin,New York NY  04/14/2011

Regulatory Order Likely to Help Servicers in Talks with AGs

An enforcement action against a bank is almost always bad news for the institution involved. But a federal bank regulators' order released Wednesday against the top 14 mortgage servicers was likel -- NMN,Admin,New York NY  04/14/2011

Week ending April 14, 2011

PMMS News Feed Has Moved This feed has changed. Please click here for new feed subscription address: http://freddiemac.mediaroom.com/index.php?s=12329&pagetemplate=rss&category=209. Thank you. -- Fannie,Admin,Washington DC  04/14/2011

Mortgage Help Center Opens in Jacksonville, Florida

-- Fannie,Admin,Washington DC  04/14/2011

OCC, OTS and Fed Slap Servicers With Enforcement Action

The Office of the Comptroller of the Currency (OCC), the Office of Thrift Supervision (OTS) and the -- NationalMortgageProfessional.com,NMP Media Services,   04/14/2011

Texas Realtors Rally for Homeowner Rights at State Capitol

More than 2,000 Texas Realtors descended on the Texas Capitol in Austin April 12 for the 2011 Legislative Hill Visits. The governor, lieutenant governor, speaker of the Texas House, and legislators me -- DSNews.com,Admin,   04/14/2011

eMortgage Logic Releases Collateral Assessment Report

eMortgage Logic has launched a collateral assessment report (CAR) that can join with an automated valuation model (AVM) in response to the recently published Interagency Appraisal and Evaluation Guide -- DSNews.com,Admin,   04/14/2011

Pierce & Associates Names Director of Foreclosure Operations

Chicago-based Pierce & Associates P.C., a provider of legal services to the mortgage banking community, has announced the appointment of Ralph Gerardi as director of foreclosure operations. Gerardi pr -- DSNews.com,Admin,   04/14/2011

Pan American Metals of Miami Offers Investment Opportunities as Precious Metals Continue to Rise in Value

MIAMI, FL, April 14, 2011 /24-7PressRelease/ -- As precious metals continue to rise in value, Pan American Metals of Miami is offering investors an opportunity to build a portfolio based on investing -- 24/7 Press Release Newswire,24/7 Media,   04/14/2011

Closet World Offers Free In-Home Design Consultations for Custom Closet Organizers

CITY OF INDUSTRY, CA, April 14, 2011 /24-7PressRelease/ -- Closet World offers organizational solutions that can enlarge your closet space and turn your garage into an extra room. Every room in the ho -- 24/7 Press Release Newswire,24/7 Media,   04/14/2011

Ambrico Adds Metro Brick to Thin Brick Inventory

WARREN, MI, April 14, 2011 /24-7PressRelease/ -- American Brick Company (Ambrico), has announced the addition of Metro Brick thin brick products to the company`s inventory. Metro Brick, a product of I -- 24/7 Press Release Newswire,24/7 Media,   04/14/2011

Bankruptcy Filings Rise As Stigma Falls

April 14, 2011 /24-7PressRelease/ -- The statistic is breathtaking: `More Americans filed for bankruptcy last year in the United States than in the entire decade of the 1960s,` reports an article on M -- 24/7 Press Release Newswire,24/7 Media,   04/14/2011

Trial Court Upholds $4.2 Million Verdict Obtained by Greene Broillet & Wheeler, LLP in Lawsuit Against Paul Revere Life

April 14, 2011 /24-7PressRelease/ -- A Los Angeles Superior Court trial judge has rejected a motion for a new trial in a case against defendants Paul Revere Life Insurance Company and UNUM Group invol -- 24/7 Press Release Newswire,24/7 Media,   04/14/2011

U.S. Justice Department Sues HSBC India for Disclosure of Accounts Held by United States Taxpayers

April 14, 2011 /24-7PressRelease/ -- The United States Department of Justice continues its vigorous efforts to open up foreign secret bank accounts. In its latest move, the United States Department of -- 24/7 Press Release Newswire,24/7 Media,   04/14/2011

Northern Rock Adds ISA Video Guide to New Savings Website

NEWCASTLE, ENGLAND, April 14, 2011 /24-7PressRelease/ -- Northern Rock has enhanced its interactive new savings website with an animated video guide to help savers steer their way through the ISA maze -- 24/7 Press Release Newswire,24/7 Media,   04/14/2011

Binary Options: Trading or Gambling?

NEW YORK, NY, April 14, 2011 /24-7PressRelease/ -- Ever since the devastating earthquake, tsunamis, and the subsequent nuclear crisis that have rocked Japan--not to mention the waves of discontent and -- 24/7 Press Release Newswire,24/7 Media,   04/14/2011

Mortgage Apps Drop 6.7 Percent From Last Week

Mortgage applications decreased 6.7 percent from one week earlier, according to data from the Mortgage Bankers Association`s Weekly Mortgage Applications Survey for the week ending April 8, 2011. The -- NationalMortgageProfessional.com,NMP Media Services,   04/14/2011

LenderLive Network Taps Into Hudson Cook to Monitor Doc Compliance

LenderLive Network Inc., an end-to-end mortgage services and document preparation provider, has announced that it has selected the law firm Hudson Cook LLP to monitor the compliance of its mortgage do -- NationalMortgageProfessional.com,NMP Media Services,   04/14/2011

John Axt Joins ISGN as Title Operations Delivery Executive

ISGN, a provider of end-to-end technology solutions and services to the U.S. mortgage industry, has hired John Axt as title products operations and delivery executive. With a strong industry backgroun -- NationalMortgageProfessional.com,NMP Media Services,   04/14/2011

OCC, OTS and Federal Reserve Fed Slaps Servicers With Enforcement Action

The Office of the Comptroller of the Currency (OCC), the Office of Thrift Supervision (OTS) and the -- NationalMortgageProfessional.com,NMP Media Services,   04/14/2011

a la mode Offers Free XSellerate Trial to LOs Hurt by Fed`s LO Compensation Rules

a la mode inc. has announced that it is offering a free 100-day license to their mortgage marketing program, XSellerate, in an effort to help loan originators hurt by the recent enactment of the Reder -- NationalMortgageProfessional.com,NMP Media Services,   04/14/2011

JPMorgan Posts Q1 Profit but Mortgage Business Sputters

JPMorgan Chase reported Wednesday that the company made $5.6 billion during the first quarter of 2011, beating market expectations. But the lender's mortgage business took a significant hit, as re -- DSNews.com,Admin,   04/14/2011

Fed`s Beige Book Highlights Weaknesses in Regional Real Estate Markets

The Federal Reserve released a new rendition of its market-gauging Beige Book Wednesday. Economic activity on the whole has improved, but residential and commercial real estate were again branded as h -- DSNews.com,Admin,   04/14/2011

RealtyTrac: Foreclosure Activity at Lowest Level in Three Years

RealtyTrac says processing delays have reduced foreclosure activity to its lowest level since the first quarter of 2008. New data released by the tracking firm shows that foreclosure filings were repo -- DSNews.com,Admin,   04/14/2011

Canada`s Davis + Henderson Floats New Shares To Fund Mortgagebot Deal

Davis + Henderson, Toronto, said it raised $122 million in a secondary share offering, which the financial services firm used to finance its acquisition of online mortgage origination provider Mortgag -- NMN,Admin,New York NY  04/13/2011

Sandler O`Neill Adds MBS/Fixed-Income Managing Directors

Sandler O'Neill is adding two managing directors as well as three new sales professionals to its Chicago-based fixed-income group as part of an effort to strengthen its growing new-issue distribut -- NMN,Admin,New York NY  04/13/2011

REO Allegiance Gets Field Services Contract

REO Allegiance has been selected by 24 Asset Management Corp. to conduct property preservation and field services. -- NMN,Admin,New York NY  04/13/2011

Home Prices Continue to Fall in the West

Home prices continue to decline in the West over the last three months by 4.3%, according to Clear Capital's monthly Home Data Index Market Report. -- NMN,Admin,New York NY  04/13/2011

Housing Advocates Want Equal Treatment for REO Homes

An investigation by the National Fair Housing Alliance found that banks are allegedly not maintaining REO properties similarly in neighborhoods throughout the nation. -- NMN,Admin,New York NY  04/13/2011

KDX Ventures to Sell HUD Portfolio

KDX Ventures plans to sell $142 million in multifamily loans for the Department of Housing and Urban Development on April 27. -- NMN,Admin,New York NY  04/13/2011

Fannie Mae, CAR Start Short Sale Assistance Desk Program

The California Association of Realtors has partnered with Fannie Mae to launch a program designed to help realtors resolve problems after a short sale offer of any Fannie Mae-backed loan. -- NMN,Admin,New York NY  04/13/2011

Stout Street Funding Begins New Program for Real Estate Investors

The recent wave of foreclosed properties around the country has created opportunities for real estate investors to acquire land, restore it and sell it to a new homeowner. But the biggest challenge in -- NMN,Admin,New York NY  04/13/2011

Vacant Property Services Rebrands Company Name

At a time when about 60% of vacant properties are affecting homeowners and business managers in the United States, United Kingdom and France combined, according to independent research done by Vacant -- NMN,Admin,New York NY  04/13/2011

Akerman Senterfitt Wins Chinese Drywall Court Ruling

The law firm Akerman Senterfitt was victorious in a recent Florida court case ruling which stated that builders and installers cannot be held liable for negligence for installing faulty Chinese drywal -- NMN,Admin,New York NY  04/13/2011

Contracts for Deed Starting to Re-Emerge

When it comes to adapting for market survival never, never underestimate the creativity of mortgage and real estate professionals, especially players that are privately held and hate dealing with mult -- NMN,Admin,New York NY  04/13/2011

JPM Mortgage Originations, Credit Losses Drop in 1Q

Mortgage originations at JPMorgan Chase dropped 29% since the end of 2010, kicking off a year where industrywide originations are projected to drop below $1 trillion. -- NMN,Admin,New York NY  04/13/2011

CoreLogic`s New Outlook for Home Values Isn`t Exactly Pretty

Sales of distressed properties could pull home prices down by another 10%, according to CoreLogic chief economist Mark Fleming. -- NMN,Admin,New York NY  04/13/2011

Feds Unveil Consent Orders Against Nation`s Megaservicers — Plus Vendors LPS and MERS

Federal banking regulators Wednesday afternoon dropped their regulatory "bomb" on the nation's largest residential servicers — and two of their top outside vendors — accusing the -- NMN,Admin,New York NY  04/13/2011

REO Allegiance to Provide Field Services for 24 Asset Management

REO Allegiance has been selected by 24 Asset Management Corp. as one of its property preservation and field services partners. The company says the decision was made based on the quality of the work p -- DSNews.com,Admin,   04/13/2011

FTC to Collect $2.2M from Banned Loan Mod Companies

The Federal Trade Commission (FTC) reached a settlement this week with two companies and three individuals, who are now banned from the mortgage relief services business and must pay $2.2 million in a -- DSNews.com,Admin,   04/13/2011

Regulators Hand Down Enforcement Actions to Servicers, Vendors

The Office of the Comptroller of the Currency, Federal Reserve, and the Office of Thrift Supervision announced formal enforcement actions Wednesday against 14 mortgage servicers and two firms that pro -- DSNews.com,Admin,   04/13/2011

Georgia Leaves Fraud`s Top Ten List

For the first time in 13 years, Georgia won't be among the top ten states for mortgage fraud when LexisNexis releases its annual MARI fraud index on May 2. -- NMN,Admin,New York NY  04/13/2011

South Florida Foreclosures Decline but Not By Much

For the first time in four years, the number of foreclosures has fallen in the tri-county South Florida region, according to the latest report by CondoVultures. -- NMN,Admin,New York NY  04/13/2011

Bank Branches Producing Fewer Mortgages

A growing share of loans originated by banks are coming through their wholesale/correspondent channel, according to the American Bankers Association's annual real estate lending survey. -- NMN,Admin,New York NY  04/13/2011

FRM Rate Rises and Apps Decline

Mortgage application volume decreased by 6.7% on a seasonally adjusted basis for the week ended April 8 as the average rate for the 30-year fixed-rate mortgage rose for the fourth consecutive week, ac -- NMN,Admin,New York NY  04/13/2011

The Right Market

In case you are just tuning in to this article we have been covering a very important marketing lesson. It's one that might explain why your current marketing efforts may not be working. -- NMN,Admin,New York NY  04/13/2011

HUD Rescinds HECM Letter

The Department of Housing and Urban Development has rescinded a controversial mortgagee letter for its Home Equity Conversion Mortgage program addressing some consumer and industry concerns, but a con -- NMN,Admin,New York NY  04/13/2011

Iowa AG Blasts Bank-Funded Servicer Settlement Study

Iowa Attorney General Tom Miller blasted a study Tuesday that said proposed servicer settlement terms could cost the economy $10 billion a year. -- NMN,Admin,New York NY  04/13/2011

JPM`s Mortgage Revenue Hammered in 1Q, CO About to be Sent

JPMorgan Chase saw its mortgage-related revenue get hammered in the first quarter, falling a stunning 75% to $696 million (compared to 4Q), as originations declined and the firm focused resources on i -- NMN,Admin,New York NY  04/13/2011