Mortgage Lending News     Click to continue . . .

  •   A New Organization, Premier Brokers Network, Alleviates the Anxiety of Choosing a Trustworthy Mortgage Broker
Both members and the public can use the website to locate mortgage brokers across the United States. All members of PBN have demonstrated honesty, integrity and exceptional knowledge of their profession with a proven record of outstanding customer service.
Premier Brokers Network LLC,Tarra,Scottsdale AZ  11/03/2009

  •   Bank Of America Introduces Clarity Commitment(tm) For Home Equity Products
Simple One-Page Summary of Key Loan Terms Allows Borrowers to Review Their Loan Details in Plain Language
Bank of America,Jumana Bauwens,Calabasas Calif.  11/03/2009

  •   Nationwide Building Society Offers Flexaccount Holders Special Benefits
The Nationwide Building Society is offering a range of select discounts and promotional offers to FlexAccount customers.
Nationwide Building Society,Neil Gatherum,London   11/03/2009

  •   Sterling Bancshares Takes Actions To Reduce Nonperforming Loans And Increase Allowance For Credit Losses
- Proposed loan sales totaling approximately $51 million (including $42 million in nonperforming loans) - Accounting standard on subsequent events requires losses associated with proposed loan sales to be recorded in the third quarter of 2009 - Management revised certain accounting estimates used in determining the adequacy of the allowance for loan losses to better reflect current conditions - Allowance for credit losses built to 2.18% of total loans in the third quarter of 2009 - Nonperforming loans decreased to 2.83% of total loans in the third quarter of 2009
Sterling Bancshares, Inc.,J. Downey Bridgwater,Houston   11/03/2009

  •   Life Settlement Financial`s Ceo Testifies Before Sec Life Settlement Task Force
Peter Mazonas, Life Settlement Financial (LSF) CEO testified today before the SEC Life Settlement Task Force in support of the use of accounting standards to enforce consistency in the valuation of securitized pools of life settlements. As investment banks ramp up their efforts to create new investment opportunities, the SEC Life Settlement Task Force is studying how this can be done in ways that protect investors in this emerging market. Hoping to avoid the catastrophic events brought about by misvalued mortgage pools, the SEC heard from an industry leader who described new methods of individual life settlement evaluation.
Life Settlement Financial, LLC,Dr. Bob Rosenberg,Washington   11/03/2009

  •   Equifax Acquires Rapid Reporting
Combination Will Increase Credit Transparency, Improve Fraud Management
Equifax,Tim Klein,Atlanta   11/03/2009