MMag Mortgage Lending November 30, 2007

• SearchMyLoan.com Announces Strategic Alliance With Chevy Chase Bank
Simplifies lending process for originators -- SearchMyLoan.com,Sarah Wroble,Port Washington NY 11/26/2007

• LOVE FUNDING`S NEW YORK OFFICE SECURES A $1,669,500 LOAN FOR PLAZA APARTMENTS
Love Funding today announced that its New York office closed a $1,669,500 refinance of a FHA 221(d)(4) new construction loan for a multifamily housing complex in North Carolina. Bill Jones, First Vice President and Senior Loan Originator with Love Funding`s New York office, originated the transaction. -- Love Funding,Julie Hauser,New York NY 11/26/2007

• U.S. Rep. Wu Can Act to Save 830 Homes in Congressional District From Foreclosure During Subprime Mortgage Crisis
Estimate of Number of Homeowners Who Could Save Home Based on Publicly Available Data from Center for Responsible Lending; Rep. Wu Urged to Support Pending Bills to Eliminate Unfairness in Mortgage Foreclosure Process -- National Association of Consumer Ba,Ailis Aaron Wolf,Portland OR 11/26/2007

• HFF arranges $13.3 million construction loan for Los Angeles area multifamily community
The Los Angeles office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it arranged a $13.3 million construction loan for Villa Vincennes, an 80-unit apartment community in the North Hills area of the San Fernando Valley in California. -- Holliday Fenoglio Fowler, L.P.,LAURIE FISH MCDOWELL,Los Angeles CA 11/26/2007

• MBA Praises Senate Passage of Legislation to Extend the Terrorism Risk Insurance Program
The Mortgage Bankers Association (MBA) today praised the U.S. Senate`s passage of The Terrorism Risk Insurance Program Reauthorization Act of 2007. The bill passed the Senate unanimously this morning. MBA Chairman Kieran P. Quinn, CMB, issued the following statement: -- MBA,John Mechem,Washington DC 11/26/2007

• MBA, ALTA and AEA Develop Standardized Instructions for Mortgage Transactions
CampusMBA to Host LIVE Online Workshop to Present New Instructions and Requirements -- MBA,Aleis Stokes,Washington DC 11/26/2007

• CampusMBA Launches FHA Central - A Complete FHA and VA Training Solution
CampusMBA, the award winning education division of the Mortgage Bankers Association (MBA), today launched FHA Central, a complete FHA and VA training solution for the real estate finance industry. -- MBA,Aleis Stokes,Washington DC 11/26/2007

• MBA: MIP Increase Will Raise Cost of Affordable Housing
The Mortgage Bankers Association (MBA) recently completed a study to measure the potential impacts of the notice issued by the US Department of Housing and Urban Development (HUD) to increase the mortgage insurance premium (MIP) on most new Federal Housing Administration (FHA) multifamily mortgages. -- MBA,Jason Vasquez,Washington DC 11/26/2007

• WAS HALLOWEEN RATE CUT A TRICK OR TREAT? CENTRAL BANK SENDS CONFLICTING SIGNALS
By cutting short-term interest rates another quarter of a percentage point, the Federal Reserves Open Market Committee (FOMC) sent bankers and investors an early Christmas gift on Halloween, but warned the group that all theyd find in their December stocking is a lump of coal. -- Cambridge Realty Capital Companies,Evan Washington,New York NY 11/26/2007

• New Fed forecast sees slower growth, tame inflation in 2008
The U.S. economy will slow by more than previously thought in 2008 but inflation will remain tame, according to the economic forecasts of top Federal Reserve officials released for the first time on Tuesday. -- MarketWatch,Greg Robb,Washington DC 11/26/2007

• 10-yr Treasury yields fall below 4%, first time in two years
Yields on 10-year Treasury notes (TNX:TNX fell below 4% for the first time since September 2005 in early trading Wednesday, as investors flocked to safety with U.S. stock futures and international stock markets sharply lower. In more recent trades, yields were just over 4.01%, down from 4.05% on Tuesday -- MarketWatch,Steve Goldstein, 11/21/2007

• Mortgage Management Conference Agenda Addresses Current Market, Industry Challenges
The agenda for the upcoming Mortgage Management Conference, an event designed for managers responsible for sales, operations or wholesale lending departments, has been revised to address the current mortgage market. -- AllRegs,Walter Rich,Eagan MN 11/21/2007

• Yield Spread Premiums: Will They End Mortgage Brokering?
The fate of Yield Spread Premiums (YSPs) and mortgage brokers has recently been in question. Learn what you need to know to maintain your business by attending this highly anticipated AllRegs Academy audio course: Yield Spread Premiums: Will They End Mortgage Brokering? -- AllRegs,Walter Rich, 11/21/2007

• Mortgage Applications Decrease In Latest MBA Weekly Survey
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending November 16, 2007. The Market Composite Index, a measure of mortgage loan application volume, was 681.7, a decrease of 3.6 percent on a seasonally adjusted basis from 707.3 one week earlier. On an unadjusted basis, the Index decreased 5.2 percent compared with the previous week and was up 9.8 percent compared with the same week one year earlier. -- MBA,John Mechem,Washington D.c. 11/21/2007

• Lender Lead Solutions
Senior Lending Network Spokesperson Robert Wagner Speaks at NRMLA Annual Meeting and Expo -- Lender Lead Solutions,,Mary M. Feder,San Diego CA 11/16/2007

• `Discover Why This Mortgage Industry Professional is MASSIVELY Increasing His Marketing `Budget` in an Economy Right on The Brink of Recession!`
If you listen to the conventional wisdom, you`d believe the mortgage industry was "dead in the water" and any sane broker or loan officer would be best advised to find a nice "safe" career in another industry. -- Tucker Marketing Systems, Inc.,fany Moeller,Chicago IL 11/16/2007

• Mortgage Applications Increase as Refis Jump In Latest MBA Weekly Survey
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending November 9, 2007. The Market Composite Index, a measure of mortgage loan application volume, was 707.3, an increase of 5.5 percent on a seasonally adjusted basis from 670.6 one week earlier. On an unadjusted basis, the Index increased 4.2 percent compared with the previous week and was up 21.8 percent compared with the same week one year earlier. -- MBA,John Mechem,Washington DC 11/16/2007

• I regret that we cannot support this bill."
Kieran P. Quinn, CMB, Chairman of the Mortgage Bankers Association (MBA) today issued the following statement, following passage in the House of Representatives of H.R. 3915, the Mortgage Reform and Anti-Predatory Lending Act of 2007. The bill passed the House by a vote of 291-127. -- MBA,John Mechem,Washington DC 11/16/2007

• ICBA Statement on House Passage of Mortgage Reform Legislation
Camden R. Fine, president and CEO of the Independent Community Bankers of America (ICBA), issued the following statement on the U.S. House of Representatives` passage of the Mortgage Reform and Anti-Predatory Lending Act of 2007 (H.R. 3915) to reform the mortgage origination process: -- Independent Community Bankers of Am,Karen Tyson,Washington DC 11/16/2007

• Will New Law Eliminate Mortgage Brokers?
The Mortgage Reform and Anti-Predatory Lending Act of 2007 or H.R. 3915 was developed to address the current mortgage crisis and protect borrowers from lending abuses that can lead to foreclosure -- Originator Times,, 11/14/2007

• AG delays tougher rules on mortgages
Attorney General Martha Coakley postponed new regulations designed to end abusive practices by mortgage brokers after mortgage industry officials complained they were too broad. -- Globe Staff /,Kimberly Blanton, 11/14/2007

• Realtors(R) Convene in Record Numbers, Aim to Improve Market Confidence
Pat V. Combs, president of the National Association of Realtors, today urged Realtors to help restore confidence in the real estate market by educating the public about the value of housing as a good long-term investment. With the market`s positive economic fundamentals, 2007 is turning out to be one of strongest years on record, she said. -- National Association of Realtors,David Greer,Las Vegas NV 11/14/2007

• News Alert for: Fannie Mae
-- Fannie Mae,,Washington DC 11/14/2007

• Deloitte Research Leading Index Rises; Volatility Creates Continued Uncertainty About Consumer Spending
The Deloitte Research Leading Index of Consumer Spending rose this month due to improvements in several components. -- Deloitte,Laura E. Wilker,New York NY 11/14/2007

• Modest Recovery for Existing-Home Sales in 2008 as Credit Crunch Subsides
A modest recovery for existing-home sales is expected in 2008 as the impact of the credit crunch subsides, while pending home sales indicate near-term stability, according to the latest forecast released here today at the National Association of Realtors Conference & Expo. -- National Association of Realtors,Walter Molony of,Las Vegas NV 11/14/2007