Mortgage Lending May 15, 2011
May 15, 2011 /24-7PressRelease/ -- The U.S. economy has experienced one of the most turbulent times in its history over the past few years. A weak housing market and high unemployment rates have left -- 24/7 Press Release Newswire,24/7 Media, 05/15/2011
GAINESVILLE, GA, May 15, 2011 /24-7PressRelease/ -- First Century Bank N, A. (FCB) of Gainesville, GA announced today that it is embarking on a major expansion of its Reverse Mortgage Division in the -- 24/7 Press Release Newswire,24/7 Media, 05/15/2011
CHESHIRE, ENGLAND, May 14, 2011 /24-7PressRelease/ -- M&S Money has launched a Premium Club prize draw which will allow one lucky entrant to win 1 million points worth GBP10,000 to spend at M& -- 24/7 Press Release Newswire,24/7 Media, 05/14/2011
The law firm of McCalla Raymer LLC recently announced that Kent Altom has been named managing partner of the firm's Georgia and Alabama litigation and trial practice group. McCalla Raymer speciali -- DSNews.com,Admin, 05/14/2011
President Obama has made a public call for mortgage lenders and servicers to provide struggling homeowners with longer-term modifications and principal reductions when it fits the situation.
Refer -- DSNews.com,Admin, 05/14/2011
The House Financial Services Committee has approved a five-year extension of the National Flood Insurance Program by unanimous vote. -- NMN,Admin,New York NY 05/13/2011
The risk retention proposal drafted by federal regulators has stirred such widespread opposition—and controversy—that it may take years before it is finally implemented. -- NMN,Admin,New York NY 05/13/2011
Reps. -- NationalMortgageProfessional.com,NMP Media Services, 05/13/2011
The residential mortgage law firm of Polunsky & Beitel has announced the addition of experienced financial services attorney Marty Green to lead the firm’s operations in Dallas/Fort Worth.&n -- NationalMortgageProfessional.com,NMP Media Services, 05/13/2011
Ellie Mae Inc. has reported that total revenue for the first quarter 2011 increased 19 percent to $10.6 million, compared to $8.9 million in the first quarter of 2010. Software and Services revenue in -- NationalMortgageProfessional.com,NMP Media Services, 05/13/2011
U.S. Senator Robert Menendez (D-NJ) chaired a Housing, Transportation, and Community Development Subcommittee hearing on “The Need for National Mortgage Servicing Standards.” There was a -- NationalMortgageProfessional.com,NMP Media Services, 05/13/2011
MortgageDashboard, an on-demand loan origination system (LOS) enabling straight-through, paperless mortgage processing for lenders, credit unions and banks, has announced the hiring of Jeremy Woodson -- NationalMortgageProfessional.com,NMP Media Services, 05/13/2011
Indiana Governor Mitch Daniels recently signed legislation to restrict Wall Street home resale fees, also known as private transfer fees. Indiana is the 28th state to ban the use of these fees. The fe -- DSNews.com,Admin, 05/13/2011
Nearly twice as many underwater borrowers think it is okay to walk away from a mortgage than harbored this sentiment a year ago, according to the results of a survey conducted by Fannie Mae. While mor -- DSNews.com,Admin, 05/13/2011
House lawmakers have introduced a bipartisan plan aimed at ending the taxpayer-funded bailouts of Fannie Mae and Freddie Mac by replacing them with a group of private firms to fill the role of issuing -- DSNews.com,Admin, 05/13/2011
Sales of previously owned homes which in recent months have been buoyed by a growing share of distressed REO and short sales are expected to remain on an upward, albeit uneven, track through this ye -- DSNews.com,Admin, 05/13/2011
Triad Guaranty Inc., the Winston-Salem, N.C.-based mortgage insurer currently liquidating its insured portfolio, lost nearly $5 million in the first quarter, ending a string of three consecutive quart -- NMN,Admin,New York NY 05/13/2011
The Prestwick Group is offering investors an opportunity to purchase up to $40 million a month in GNMA-related servicing rights through a "flow" offering. -- NMN,Admin,New York NY 05/13/2011
John Dickinson may have been more eloquent when he wrote the "Liberty Song" in 1768. But David Stevens, the new president and chief executive of the Mortgage Bankers Association, emphasized th -- NMN,Admin,New York NY 05/13/2011
A Cleveland company that offered to help homeowners avoid foreclosure on their homes has been sued by the Ohio Attorney General's office for failing to live up to its promises of debt relief. -- NMN,Admin,New York NY 05/13/2011
Forcing Fannie Mae and Freddie Mac to reduce the principal on their delinquent loans would mitigate taxpayer losses, reduce foreclosures, and help stabilize home prices, according to Sen. Robert Menen -- NMN,Admin,New York NY 05/13/2011
Discover Financial Services is buying the assets of Tree.com Inc.'s mortgage origination subsidiary, Home Loan Center, for $55.9 million. -- NMN,Admin,New York NY 05/13/2011
In two years mortgage banking firms will need a minimum net worth of $2.5 million to be GSE seller/servicers, a mandate this is beginning to drive merger and acquisition activity. -- NMN,Admin,New York NY 05/13/2011
We all know we've left companies due to poor service. And we know, too, there are more than five unforgivable customer service mistakes. These, however, have been culled together from the many e-m -- NMN,Admin,New York NY 05/13/2011
Consumers pulled $6 billion of equity out of their homes through cash-out refinancings in the first quarter, the lowest reading in 15 years, according to figures compiled by Freddie Mac. -- NMN,Admin,New York NY 05/13/2011
Two members of the House Financial Services Committee late Thursday introduced GSE reform legislation that would create new entities to issue government-guaranteed MBS. -- NMN,Admin,New York NY 05/13/2011
A new report, "Paying More for The American Dream V," by a group of nonprofit housing advocacy organizations, finds evidence that banks may be engaging in redlining on refinance loans in commu -- NMN,Admin,New York NY 05/13/2011
Farm Credit System lenders have finally won permission from their regulator to bid on the assets of failed banks. -- NMN,Admin,New York NY 05/13/2011
A new report by PERC, titled "U.S. Consumer Credit Reports: Measuring Accuracy and Dispute Impacts," assesses the accuracy and quality of data collected and maintained by the three majo -- NationalMortgageProfessional.com,NMP Media Services, 05/13/2011
Texas homes are continuing to maintain their value in the first quarter of 2011 despite a decrease in sales volume, indicating that the economic recovery continues in Texas. “While Texas ha -- NationalMortgageProfessional.com,NMP Media Services, 05/13/2011
Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), which shows mortgage rates are at their lowest level for 2011 after declining for the fourth consecutive week. The&nb -- NationalMortgageProfessional.com,NMP Media Services, 05/13/2011
RealtyTrac, an online marketplace for foreclosure properties, has released its U.S. Foreclosure Market Report for April 2011, which shows foreclosure filings—default notices, scheduled auctions -- NationalMortgageProfessional.com,NMP Media Services, 05/13/2011
WFG National Title Insurance Company has announced the appointment of A. Roger Blauvelt as vice president, underwriting counsel and Lisa Kent as title officer in its Florida agency group. The Willisto -- NationalMortgageProfessional.com,NMP Media Services, 05/13/2011
Discover Financial Services has announced that it has reached an agreement to acquire substantially all of the operating and related assets of Home Loan Center, a subsidiary of Tree.com Inc. for appro -- NationalMortgageProfessional.com,NMP Media Services, 05/13/2011
MIAMI, FL, May 13, 2011 /24-7PressRelease/ -- The past week has not been for the faint-hearted investor, but Friday saw definite signs of recovery, especially for gold. There has been a noticeable inc -- 24/7 Press Release Newswire,24/7 Media, 05/13/2011
MIAMI, FL, May 13, 2011 /24-7PressRelease/ -- Pan American Metals showed closing prices up for 3 out of 4 precious metals Friday. Gold, silver and palladium all closed up, with gold at $1495 an ounce, -- 24/7 Press Release Newswire,24/7 Media, 05/13/2011
MIAMI, FL, May 13, 2011 /24-7PressRelease/ -- Market reports for Wednesday, May 4 suggest that gold is recovering from recent losses as the US dollar shows signs of weakening again. Gold has, historic -- 24/7 Press Release Newswire,24/7 Media, 05/13/2011
JESUS, IBIZA, May 13, 2011 /24-7PressRelease/ -- For the real estate agency LAS ANCLAS IBIZA, 2010 was the most successful business year in its 11 years of operation. While others faced a real estate -- 24/7 Press Release Newswire,24/7 Media, 05/13/2011
BOSTON, MA, May 13, 2011 /24-7PressRelease/ -- From the time ASG Bowl arrived in the market place, their bowling insurance program has taken significant steps in becoming an agency to be reckoned with -- 24/7 Press Release Newswire,24/7 Media, 05/13/2011
SAN ANTONIO, TX, May 13, 2011 /24-7PressRelease/ -- The highly rated San Antonio morning show "Great Day SA" on Kens 5 is known for highlighting the best of the best San Antonio businesses. -- 24/7 Press Release Newswire,24/7 Media, 05/13/2011
BRASELTON, GA, May 13, 2011 /24-7PressRelease/ -- Merchant Services Professionals ("MSP") has taken superior merchant services to a much higher level. Along with exploding ecommerce and busi -- 24/7 Press Release Newswire,24/7 Media, 05/13/2011
ST. LOUIS, MO, May 13, 2011 /24-7PressRelease/ -- McCormack Baron Salazar is pleased to announce the completion of a new website and online social media presence to highlight its real estate and commu -- 24/7 Press Release Newswire,24/7 Media, 05/13/2011
May 13, 2011 /24-7PressRelease/ -- Putting yourself first in a divorce proceeding is tempting. Whenever a husband (dad) and wife (mom) decide to dissolve their marriage, the heartache can be overwhelm -- 24/7 Press Release Newswire,24/7 Media, 05/13/2011
May 13, 2011 /24-7PressRelease/ -- On January 18, 2011, the Occupational Safety and Health Administration (OSHA) published a rule establishing procedures for handling nuclear and environmental whistle -- 24/7 Press Release Newswire,24/7 Media, 05/13/2011
May 13, 2011 /24-7PressRelease/ -- One of the most important persons in your life takes his or her most prominent role after your death. The personal representative of your estate will settle your aff -- 24/7 Press Release Newswire,24/7 Media, 05/13/2011
May 13, 2011 /24-7PressRelease/ -- For the first time, in 2007, a new law allowed true no-fault divorce for couples with irreconcilable differences in New Jersey. Understanding the provisions of the s -- 24/7 Press Release Newswire,24/7 Media, 05/13/2011
VANCOUVER, BC, May 13, 2011 /24-7PressRelease/ -- This is the last of a six-part series on improving your writing style. Whether you write for business or academic purposes, there are a few golden rul -- 24/7 Press Release Newswire,24/7 Media, 05/13/2011
PHILADELPHIA, PA, May 13, 2011 /24-7PressRelease/ -- Locust Capital Management is proud to announce the appointment of Henry J. Miller III, "Doc" as a Managing Director. Mr. Miller`s respons -- 24/7 Press Release Newswire,24/7 Media, 05/13/2011
MECHANICSBURG, PA, May 13, 2011 /24-7PressRelease/ -- The Corporate University Xchange Awards for Excellence and Innovation in Corporate Learning salute corporate and government learning organizations -- 24/7 Press Release Newswire,24/7 Media, 05/13/2011
SHEFFIELD, ENGLAND, May 13, 2011 /24-7PressRelease/ -- The mobile betting market has grown rapidly in the last few years and players now have a range of mobile betting services and sportsbooks to choo -- 24/7 Press Release Newswire,24/7 Media, 05/13/2011
The head of the FDIC says the regulatory investigation into the foreclosure processing issues raised by robo-signing allegations was "narrow." Sheila Bair says regulators do not yet really kno -- DSNews.com,Admin, 05/13/2011
President Barack Obama wants banks to step up their efforts to help struggling borrowers stay in their homes by offering principal reductions, extending short-term modifications, and lengthening exist -- NMN,Admin,New York NY 05/12/2011
The Appraisal Institute has cautioned real estate appraisers about signing agreements imposed by some appraisal management companies (AMCs) that seek to hold residential appraisers responsible for AMC -- NationalMortgageProfessional.com,NMP Media Services, 05/12/2011
A new report by PERC, titled "U.S. Consumer Credit Reports: Measuring Accuracy and Dispute Impacts," assesses the accuracy and quality of data collected and maintained by the three majo -- NationalMortgageProfessional.com,NMP Media Services, 05/12/2011
A new rule from the Federal Trade Commission that aims to protect homeowners from mortgage relief scams may impact real estate professionals who represent clients involved in short sale transactions. -- DSNews.com,Admin, 05/12/2011
The city of Chicago is working to alleviate the impact of vacant foreclosure properties on its neighborhoods with a new program that has garnered participation from major mortgage servicers and local -- DSNews.com,Admin, 05/12/2011
Mortgage servicing in general, and default servicing in particular, is in for its own form of modification. Based on testimony given before a Senate subcommittee Thursday and comments from the senator -- DSNews.com,Admin, 05/12/2011
The Treasury Department this week appointed a Harvard University economics professor to be in charge of market research at the new Consumer Financial Protection Bureau. -- NMN,Admin,New York NY 05/12/2011
The Prestwick Mortgage Group is offering a $172 million package of mortgage servicing rights tied to Fannie Mae loans originated in New Jersey. -- NMN,Admin,New York NY 05/12/2011
The RealtyTrac April 2011 Foreclosure Market Report finds the number of foreclosure filings in the month dropped 9% compared to March and 34% from April 2010, largely due to delays in foreclosure proc -- NMN,Admin,New York NY 05/12/2011
The primary units that private equity group TPG Capital acquired from MacDonald, Dettwiler and Associates will be grouped together and run under the brand name DataQuick. -- NMN,Admin,New York NY 05/12/2011
In its first earnings report as a publicly traded company, mortgage software provider Ellie Mae posted a net loss of $800,000 for the first quarter of 2011. -- NMN,Admin,New York NY 05/12/2011
Social networking sites have opened a whole new range of opportunities for ethical problems on the job. Inappropriate comments and disclosures are just a few easy keystrokes away and employees have be -- NMN,Admin,New York NY 05/12/2011
As the debate begins to unfold concerning the future of housing finance, panelists at the Mortgage Bankers Association's Secondary Market Conference were unanimous in their endorsement of the 30-y -- NMN,Admin,New York NY 05/12/2011
Radian Guaranty Inc.'s primary delinquent loan inventory decreased by 1,876 loans in April, but the number of new delinquencies outpaced the number of cures reported by 1,244 loans. -- NMN,Admin,New York NY 05/12/2011
All average mortgage rates tracked by Freddie Mac in its weekly primary market survey continued to drop, setting record lows for the year. -- NMN,Admin,New York NY 05/12/2011
Fewer Americans believe that borrowers who are not making their monthly mortgage payments are strategic defaulters, the most recent Chicago Booth/Kellogg School Financial Trust Index survey found. -- NMN,Admin,New York NY 05/12/2011
The percentage of Californians who could afford to purchase a median-priced single-family home in the state rose to 53% in the first quarter, up from 50% in the fourth quarter of last year, according -- NMN,Admin,New York NY 05/12/2011
As lawmakers take up mortgage servicer standards at a hearing Thursday, the Mortgage Bankers Association is advocating a cautious approach to standard-setting while trying to debunk what it says are m -- NMN,Admin,New York NY 05/12/2011
The chief regulator of all GSEs this week told directors of the 12 Federal Home Loan Banks that they need to keep an eye on the system's investment portfolios and executive compensation packages. -- NMN,Admin,New York NY 05/12/2011
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New York State home sales in the first quarter of 2011 lagged behind last year’s federal tax credit-driven market, falling off by nearly five percent, according to preliminary single-family sale -- NationalMortgageProfessional.com,NMP Media Services, 05/12/2011
Integrated Asset Services LLC (IAS), a provider of default management and residential collateral valuations, has released the latest IAS360 House Price Index (HPI) which shows the index falling 2.6 pe -- NationalMortgageProfessional.com,NMP Media Services, 05/12/2011
Credit Suisse has hired Roger Lehman as managing director and head of commercial mortgage-backed securities (CMBS) research. Lehman, who will join Credit Suisse August 1, will be responsible for resea -- DSNews.com,Admin, 05/12/2011
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