Loan Foreclosure News
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• Prominent Building, Lending and Real Estate Experts to Discuss Strategies to Ease the Nation's Foreclosure Crisis at Charity Event
The discussions will take place Aug. 23rd at the Richard Nixon Library in Yorba Linda in a forum moderated by Bruce Norris, a real estate investor, educator and radio talk show host
The Norris Group,Info,YORBA LINDA ca 08/08/2008
• The Majority of U.S. Homeowners Thinks Their Home is Insulated From the Housing Crisis
According to Zillow Q2 Homeowner Confidence Survey 62% of homeowners believe their home's value has increased or stayed the same in the past year yet 77% of U.S. homes actually declined in value
Zillow,Sarah Mann, 08/08/2008
• ModCo Solutions Launches Operations to Assist Mortgage Servicers
- Specialized firm aims to connect servicers and borrowers by performing field outreach campaigns. -
ModCo Solutions,Erin Forbes, 08/05/2008
• Subprime, Auction-Rate Securities Cases Driving Shareholder Class Action Filings toward Highest Level since 2002, while Settlement Values Remain Steady
NERA Study Reveals Additional Factors Affecting Filings
NERA Economic Consulting,Benjamin Seggerson,New York NY 07/31/2008
• REOMAC PRESIDENT AVAILABLE TO DISCUSS DEFAULT TRENDS AND INDUSTRY’S HOTTEST TOPICS
Interviews Available to Discuss Strategies for Successful Adaptation in Today’s Changing Market
REOMAC,Info,Tustin ca 07/30/2008
• HOPE NOW Executive Director Testifies Before Congress
Schwartz emphasizes numbers of ways homeowners have been helped and large numbers of foreclosures prevented
HOPE NOW,Kate McGann,Washington dc 07/25/2008
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Mortgage Lending News
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• The Risk Management Association and Automated Financial Systems’ Risk Analysis Service Metrics Show Further Deterioration in U.S. Middle Market Credit Quality
The industry’s credit risk benchmark revealed no sign of relief as nonaccruals, delinquencies continue to rise
The Risk Management Association,Meg McBride,Philadelphia PA 08/19/2008
• Prime Income Asset Management Purchases Two Prime North Dallas Properties
Stanford Corporate Centre and Telos Fitness Center Purchased
Prime Income Asset Management,Chris Childress,DALLAS TX 08/19/2008
• Nationstar Mortgage Selects Overture’s Mozart Decision Engine as it Expands as Prime Retail Lender
Overture Technologies, the mortgage industry’s leading developer of decisioning technology, has announced that Nationstar Mortgage, a mortgage lender headquartered in Dallas, Texas, has selected Overture’s Mozart Decision Engine and Mozart point-of-sale user interface as its direct-to-consumer application intake and enterprise best-fit and automated underwriting decisioning engine for its new retail operations. Nationstar Mortgage has made a major commitment to being a leading prime retail lender, and plans to continue to expand into the market using its centralized lending platform licensed to originate conforming and FHA loans in 47 states nationwide.
Nationstar Mortgage,Info,Bethesda MD 08/19/2008
• HUDSON REALTY CAPITAL MAKES WHOLE LOAN PURCHASE OF A $15.1 MILLION FIRST MORTGAGE, SECURED BY MULTIFAMILY COMPLEX IN CARSON CITY, NV
Property is Newly Constructed 132-Unit Complex on 5.29 Acres
Hudson Realty Capital LLC,Info,CARSON CITY nv 08/19/2008
• American Home Mortgage Servicing, Inc. Services Approximately 475,000 Loans on Lender Processing Services, Inc.'s MSP
Implements LPS Desktop for Workflow Management
Lender Processing Services,Michelle Kersch,JACKSONVILLE Fl 08/19/2008
• LAURA SAULL-SMITH OF LOVE FUNDING’S WASHINGTON D.C. OFFICE SECURES $3,774,600 IN FINANCING FOR WARRIOR RUN MANOR
Love Funding today announced that Laura Saull-Smith, Senior Vice President of the national mortgage-banking firm’s Washington D.C. office, secured a $3,774,600 refinance loan for Warrior Run Manor, located at 1105 Main Street in Watsontown, Delaware Township, Pa. The four-story apartment building facility was built in 1982 on a three-acre parcel of land under the HUD 202 construction/permanent loan program and contains 72 one-bedroom and four two-bedroom units at 506 square feet and 649 square feet, respectively.
Love Funding Corp.,Robyn Cunningham,Washington dc 08/19/2008
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