MMag Mortgage Lending June 30, 2008

• Amerisave Mortgage New Comp Plan
Our new Comp plan will be going into affect tomorrow! With our new comp plan you can now make up to 38% in overrides alone! Contact me for details or visit www.amerisavecareers.com -- Amerisave Mortgage Corp.,Kyle Zotter,Atlanta GA 06/30/2008

• Nationwide Mortgage Licensing System Expands to 14 States
The Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR) announce that six more states -- Connecticut, Louisiana. Mississippi, North Carolina, New Hampshire and Vermont -- will begin using the Nationwide Mortgage Licensing System (NMLS) beginning July 1st. -- Conference of State Bank Supervisors CSBS,Bill Matthews,WASHINGTON DC 06/30/2008

• Mortgage Lending Options For CUs Available Through Renewed Freddie Mac/CUNA Alliance
A critical package of services to help credit unions manage their mortgage business in today's distressed credit markets will remain available through the renewed alliance agreement between CUNA and Freddie Mac (NYSE:FRE) , one of the nation's largest investors in residential mortgages. -- Freddie Mac,Sharon Barnet,Reston Virginia 06/30/2008

• 'Beyond the Mortgage Meltdown' - New Report Analyzes Dodd/Frank Plan and Calls for Additional Steps to Address the Housing Market Crisis
Moody's Economist Mark Zandi and Home Loan Bank President Alfred DelliBovi Join Report Author James Lardner at 6/25/08 National Press Club Event; *Teleconference Included -- Demos.org,Tim Rusch,Washington DC 06/30/2008

• Turnaround Pros Expect Debt Default Rates to Climb in 2009
Turnaround experts predict corporate debt default rates will rise above 10 percent in 2009 as the credit crunch continues to hobble companies that soaked up easy credit. -- Turnaround Management Association,Michele Drayton,Chicago IL 06/30/2008

• Bankrate: Mortgage Rates, Like Fed, Hold Steady
Fixed mortgage rates took a breather, with the average conforming 30-year fixed mortgage rate holding at 6.62 percent. According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.4 discount and origination points. -- BankRate.com,Kayleen Keneally,North Palm Beach Florida 06/30/2008

• May Existing-Home Sales Show Modest Gain
Sales of existing-home sales increased in May with buyers responding to lower home prices, according to the National Association of Realtors(R). -- National Association of Realtors�,Walter Molony, 06/30/2008

• American Capital Market Launches Free Hotline to Inform Borrowers about New FHA Loan Program
American Capital Market, a fast-growing mortgage Broker located in Old Bethpage, NY, announces the launch of The American Capital Market Hotline, a FREE 24-hour toll-free mortgage hotline service to provide much needed information to homeowners who are struggling with their mortgage as a result of the Sub-Prime lending debacle. -- American Capital Market Corp,,Pierre Godard,OLD BETHPAGE NY 06/30/2008

• Proposed Home Valuation Code of Conduct Will Harm Consumers and Significantly Limit Role of Independent Appraisers
Congress Urged to Safeguard Key Role of Independent Appraisers -- A La Mode Inc.,Ellana Walker,Washington DC 06/30/2008

• Genworth Financial Launches First Ever Index Measuring Consumer Financial Vulnerability
Leading financial security company, Genworth Financial has launched the first ever index measuring consumer financial vulnerability. The Genworth Index is being introduced at a time when consumers face an uncertain future: with UK house prices suffering their first annual fall for 12 years and inflationary pressure from rising food prices and utility bills squeezing household income. -- Genworth Financial Inc.,Rick Popillo,London UK 06/30/2008

• Florida's First Up Front Mortgage Broker to Lead Local Quest for Straight Talking Mortgage Advice
Florida Mortgage Broker Stephen Parnell of Boca Raton based LynxBanc elected an officer of the Upfront Mortgage Brokers Association (UMBA) -- LynxBanc Mortgage Corporation,Info,BOCA RATON fl 06/30/2008

• Foreclosure Shorts - 06/30/2008
Latest articles on Foreclosures -- Bill Draving Company, Inc.,Bill Draving,San Antonio Texas 06/30/2008

• LoyaltyExpress Releases CustomerManager(TM) 3.0
Third generation online mortgage service delivers significant enhancements (campaign deployment across multiple media/disposition recording, contact re-assignment, customer/partner newsletters & privacy-settings management) -- LoyaltyExpress,Lisa Felber, 06/30/2008

• 1st Reverse Financial Services Hires New First Vice President of Client Services
1st Reverse Financial Services, LLC (1st Reverse), a national reverse mortgage wholesale lender and subsidiary of Wilmington Savings Fund Society, FSB (WSFS Bank), has hired Jeanette Heller as the company's new First Vice President of Client Services. Ms. Heller is a tenured and highly respected mortgage lending professional with over 25 years of residential lending experience. -- 1st Reverse Financial Services, LLC,David Cesario, WESTMONT IL 06/30/2008

• LoyaltyExpress Delivers Cross-media Campaigns for Mortgage Lenders & Brokers
Integration of direct mail, personal URLs (pURLS), and e-mail provides powerful marketing campaigns across multiple media -- LoyaltyExpress,Lisa Felber, 06/30/2008

• CAMBRIDGE CHAIRMAN SAYS HEALTHCARE BORROWERS NOT UNDULY PESSIMISTIC AS CREDIT CRISIS WORSENS
Senior housing/healthcare borrowers have mentally adjusted to the reality of a credit crunch, and worry about deteriorating economic conditions like everyone else. -- Cambridge Realty Capital Ltd,Evan Washington,Chicago Illinois 06/30/2008

• LendingTree Selects LoanXEngine for CRM and Loan Pricing Technology
LXE Software brings new levels of speed, accuracy and customer response quality to LendingTree clients -- LoanXEngine - LXE Software Inc.,Alan Johnson,Denver Colorado 06/30/2008

• ICBA Says FHLB Advances Should Not Be a Factor in Determining FDIC Assessment Rates
The Independent Community Bankers of America (ICBA) told the Federal Deposit Insurance Corporation (FDIC) that although it generally agrees with the FDIC𠏋 interim covered bond policy statement, ICBA strongly opposes including secured liabilities � and in particular Federal Home Loan Bank (FHLBank) advances � as part of an institution𠏋 assessment base or as a factor for determining the insurance assessment rate. -- The Independent Community Bankers of America,Bill Grassano, 06/30/2008

• Mortgage Applications Decreased In Latest MBA Weekly Survey
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending June 20, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 461.3, a decrease of 9.3 percent on a seasonally adjusted basis from 508.4 one week earlier. On an unadjusted basis, the Index decreased 9.3 percent compared with the previous week and was down 25.3 percent compared with the same week one year earlier. -- Mortgage Bankers Association of America,John Ferber,Washington District of Columbia 06/30/2008

• LOVE FUNDING SECURES NEARLY $6 MILLION IN FINANCING FOR THE MORTON MANOR APARTMENTS
Love Funding, a national mortgage-banking firm, is pleased to announce the closing of a $5,961,900 refinance loan for Morton Manor Apartments in Detroit, Mich. Mickey Rist, Senior Loan Originator in Love Funding𠏋 Detroit office and Bruce Gerhart, Midwest Regional Manager based in Cleveland, originated the transaction. Terms of the deal include a 6.25 percent fixed interest rate with a 35-year term and amortization. -- Love Funding Corp.,Robyn Cunningham,Detroit Mi 06/30/2008

• HFF arranges debt and equity totaling $39 million for suburban Reno, Nevada multifamily development
The Orange County office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it arranged a construction loan and joint venture equity for the development of Pioneer Meadows, a 300-unit Class A multifamily development to be built in Sparks, Nevada. -- HFF (Holliday Fenoglio Fowler, L.P.),Laurie Fish McDowell,IRVINE ca 06/30/2008

• MBA Applauds House Resolution Recognizing National Homeownership Month
Jonathan L. Kempner, President and CEO of the Mortgage Bankers Association (MBA), today issued this statement following the House's resolution which recognizes National Homeownership Month and the importance of homeownership in the United States. -- Mortgage Bankers Association of America,Aleis Stokes,Washington District of Columbia 06/30/2008

• Four Elected to MBA's State and Local Advisory Council
The Mortgage Bankers Association (MBA) announced today the election of four new representatives to MBA's State and Local Advisory Council. The new council members will take their seats during the council meeting on October 16, 2008 just prior to MBA's State & Local Workshop, which is being held in San Francisco, CA. -- Mortgage Bankers Association of America,John Mechem,Washington District of Columbia 06/30/2008

• MBA Promotes Jamie Woodwell to Vice President of Commercial/Multifamily Research
The Mortgage Bankers Association (MBA) today announced the promotion of Jamie Woodwell to Vice President of Commercial/Multifamily Research. In this role, he will continue to lead the research on commercial finance and multifamily finance issues, and will be responsible for providing economic and policy analysis of legislative and regulatory proposals. He will also serve as the industry's lead source of information and interpretation on macroeconomic and capital market trends to meet MBA's Commercial/Multifamily members' needs and the needs of the association. -- Mortgage Bankers Association of America,John Mechem,Washington District of Columbia 06/30/2008

• Sarah Hanlon Joins Alexander Mortgage Corp. and John Habeeb
Alexander Mortgage Corp. and John Habeeb announce Sarah Hanlon to our team. Sarah will be an integral part of our mortgage broker division as well as our sales division with Alliance Realty. -- Alexander Mortgage Corp,Sarah Hanlon,Hingham Massachusetts 06/30/2008

• Mortgage Credit News - June 27, 2008
Mortgages are sticky near 6.50%, Treasurys getting most of the flight-to-quality benefit from the stock market dive. -- Boulder Mortgage Bank,Lou Barnes,Boulder Colorado 06/30/2008

• Credit Reporting Issues
Finally! A Huge Score for Consumers... -- ,michael daimler, 06/26/2008

• Matt Martin Real Estate Management Brings Relief for Denver, CO Homeowners
His company just stepped into the Denver, CO market place. If you have upside down mortage they can help you PREVENT Foreclosure and Bankruptcy buy doing a `Short Sale` with your home. Call 188-96-short or 703-587-6650 and ask for Judy Cary for immediate help. -- Matt Martin Real Estate Management,JudyCary,Denver CO 06/25/2008

• No Leads? No Loans? Amid The Mortgage Crisis A New Company Emerges To Offer A Very, Very Strange Solution
The front lines of mortgage industry have for a long time been littered with the bodies of the hopeful. Those who enlisted did so with eager dreams of wealth and prosperity. But with recent economic changes those dreams are beginning to seem more like fantasies. And to make matters worse, how are these legions of hard-working, HUD wielding professionals to make any headway as borrowers credit worsens and `creative` practices are seeing the inside of courtrooms? The answer is simple� -- Nothing Down Online,Jonny Andrews,Chicago IL 06/25/2008

• Community Bankers Association of Oklahoma President/CEO Elected to ICBA Mortgage Board of Directors
ICBA Mortgage, a subsidiary of the Independent Community Bankers of America (ICBA), has elected Craig Buford, president and CEO of the Community Bankers Association of Oklahoma (CBAO), to its board of directors. -- The Independent Community Bankers of America,Bill Grassano,Washington dc 06/24/2008

• U.S. Mayors Economic Report Reveals Sluggish Economic and Job Growth in 2008-09
Many Metros to See No Job Growth as Mortgage Crisis Worsens -- U.S. Conference of Mayors,Elena Temple,Miami FL 06/23/2008

• Guggenheim Capital Markets Announces Addition of Whole Loan Group
Guggenheim Capital Markets, LLC ("GCM"), a registered broker/dealer headquartered in New York City and a subsidiary of Guggenheim Partners, LLC, announced today a further expansion of its specialized fixed-income capabilities with the addition of a whole loan group, led by industry leaders Mary Glass-Schannault and Gretchen Verdugo. Named managing directors, Glass-Schannault and Verdugo will work under Ron Iervolino. The Whole Loan Group will research, source and price residential loan products, including: first and second lien products, performing, re-performing, sub-performing and non-performing loans, fixed and adjustable rate loans, agency loans and other residential mortgage asset classes. -- Guggenheim Capital Markets, LLC,Jeffrey Kelley,NEW YORK NY 06/23/2008

• Eight Individuals Indicted in Major Mortgage Fraud Scheme
More Than $35 Million Obtained in Fraudulent Loans and Mortgages -- Department of Justice,Info,GREENBELT MD 06/23/2008

• In an Ailing Market, Homeowners Find Novel Ways To Unload Properties
As the property market continues its downward spiral, desperate homeowners have resorted to creative ways to unload their properties. -- Yahoo,Sara Wragg,London UK 06/23/2008

• $165 million construction loan arranged by HFF for W Hotel & Residences in Austin, Texas
The Dallas office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it arranged a $165 million construction loan for the W Hotel & Residences, a luxury mixed-use project in Austin, Texas. -- HFF (Holliday Fenoglio Fowler, L.P.),Laurie Fish McDowell,DALLAS tx 06/23/2008

• DataTrac Expands Open Platform to Include Pricing, Eligibility, and AUS Providers
Del Mar DataTrac�, Inc. has expanded its open platform approach and is now integrating with leading providers in the product and pricing eligibility (PPE) and automated underwriting space, and has decided to discontinue its PPE solution, PriceTrac. Del Mar DataTrac provides solutions that empower small- and medium-sized mortgage bankers to deliver extraordinary customer service and drive up production while reducing risk, increasing productivity and streamlining their overall efficiency. -- Del Mar Database,Rob Pommier,San Diego California 06/23/2008

• Splash Media, LP Announces Agreement With Calyx Software to Promote ortgage Professional Training Network to Mortgage Industry
Splash Media, LP an innovator of online video training content and corporate communication has finalized agreements with Calyx Software(R) to offer and produce the newly formed Mortgage Professional Training Network (MPTN) to the mortgage industry via streaming video over the internet. -- Splash Media, LP,Jeff Johnson,dALLAS tx 06/23/2008

• LoyaltyExpress Receives FSC, SFI, and PEFC Certifications
Mortgage Marketing Company Leads Industry in Environmental Initiatives -- LoyaltyExpress,Lisa Felber, WOBURN mA 06/23/2008

• Loan Officer Richard Allen Launches "The Orphans Helping Hand Program"�
Richard Allen, loan officer with Metrocities Mortgage, has launched "The Orphans Helping Hand Program," creating mortgages to help homeowners tap their equity to finance adoptions. -- Metrocities Mortgage, LLC,Jason Karpf,(Sherman Oaks CA 06/23/2008

• Recent market research indicates that more than 70 percent of all consumers who search for low mortgage rates begin their quest on the Internet1.
Recent market research indicates that more than 70 percent of all consumers who search for low mortgage rates begin their quest on the Internet1. And despite current market challenges, the Internet channel is growing: In some market segments, as many as one-fourth of all lenders now originate more than half of their loan volume online2. -- MortgageBot LLC,Robert Brandt,Cedarburg Wisconsin 06/23/2008

• Dr. Lawrence Yun to speak at CMPS Institute Training in New York City
The CMPS Institute is pleased to announce that Dr. Lawrence Yun, Chief Economist and Senior Vice President, National Association of Realtors, will be a special guest speaker at the CMPS Live! NY training event July 30 in New York City. USA Today recently listed Dr. Yun among the top 10 economic forecasters in the country. The title of his session is 岞arket Trends and Forecasting.� -- CMPS Institute,Josephine Nicholas,New York NY 06/23/2008

• MBA's Quinn Applauds FBI's Mortgage Fraud Operation
Kieran P. Quinn, CMB, Chairman of the Mortgage Bankers Association (MBA) today applauded federal authorities for their crackdown on perpetrators of fraud against mortgage lenders. The FBI announced today that more than 400 people have been charged in a national crackdown, dubbed "Operation Malicious Mortgage." -- Mortgage Bankers Association of America,John Mechem,Washington District of Columbia 06/23/2008

• DRIVING AS IF YOUR BUDGET DEPENDS ON IT
FREE e-guide from Cambridge Credit Counseling offers comprehensive advice to save on gasoline. -- Cambridge Credit Counseling Corp.,Thomas Fox,Agawam MA 06/23/2008

• Cogent Road Launches AVAIL Prequalifying Service System
- Private labeled software enhances applicant prequalification process - -- Cogent Road, Inc.,Information,SAN DIEGO ca 06/23/2008

• SearchMyLoan Announces Upgrade to Loan Pricing and Search Engine
- Improved features and functionality yield more accurate, comprehensive loan searches - -- SearchMyLoan.com,Info,PORT WASHINGTON NY 06/23/2008

• More Community Banks Offer FHA Home Financing Options
FHA Flexibility Benefits Community Bank Customers -- The Independent Community Bankers of America,Bill Grassano, 06/23/2008

• ELLIE MAE RELEASES ENCOMPASS VERSION 3.5 OF ITS STANDARD AND PROFESSIONAL EDITIONS
Enhancements make it faster, easier and more economical for brokers and bankers to originate and process quality loans, including increasingly popular FHA products -- Ellie Mae Inc.,Rosalie Berg,Pleasanton California 06/23/2008

• Mortgage Builder Opens Western Division, Names Kelli Himebaugh Division Sales Manager
Loan origination software innovator experiencing record growth despite down market, hires award-winning housing and technology sales manager -- Mortgage Builder Software Inc,Keven Smith,Southfield Michigan 06/23/2008

• Mortgage Credit News - June 20, 2008
Mortgage rates have improved, down to 6.50%, as credit-market psychology has entered a substantial reversal. -- Boulder Mortgage Bank,Lou Barnes,Boulder Colorado 06/23/2008

• Smart Way to Increase Revenue with Your Existing Mortgage Business
As the mortgage Credit crunch continues we as mortgage professionals need to think outside the box. Imagine yourself earning residual income in a recession proof industry. Imagine yourself earning that income we made during the boom years. You can! Read on... -- Keith Synan,Keith Synan,Miller Place NY 06/20/2008

• Arizona Home Insurance
Here is the most important part of your homeowner policy -- Arizona Homeowner Insurance,Gary Brown,Mesa Arizona 06/19/2008

• HFF arranges $13.53 million financing for Plano, Texas office building
The Dallas office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it arranged $13.53 million in financing for Pitman Atrium Tower, a 10-story office building in Plano, Texas. -- HFF (Holliday Fenoglio Fowler, L.P.),Laurie Fish McDowell,DALLAS tx 06/18/2008

• MICHAEL WALTRIP RACING ANNOUNCES GRANT AMERICA PROGRAM HAS JOINED THE SPONSORSHIP PROGRAM BETWEEN MICHAEL WALTRIP RACING㷧 SPRINT CUP #00 TEAM AND MICROSOFT
Michael Waltrip Racing is, is pleased to announce that Grant America Program has become a sponsor of NASCAR Sprint Cup No. 00 Team, driven by Michael McDowell. Grant America Program joined as a sponsor under the Microsoft Small Business Sponsorship program that commenced on May 21, 2008. -- Global Direct Sales, LLC,Scott Nash,Gaithersburg Maryland 06/18/2008

• $6 MILLION APPROVED FOR SECOND MORTGAGE PROGRAM BY OHIO HOUSING FINANCE AGENCY BOARD
Today, the Ohio Housing Finance Agency (OHFA) Board approved$6 million of additional funding for OHFA𠏋 Second Mortgage Down Payment Loan program. During the first five months of 2008, over 660 homebuyers, or approximately 30 percent of the participants in OHFA𠏋 First-Time Homebuyer Program, have used a down payment loan to help them purchase their home. -- Ohio Housing Finance Agency,Erin Biehl,Columbus Ohio 06/18/2008

• MBA's White Paper Outlines Key Components for Information Security Programs
- The Mortgage Bankers Association's (MBA) Residential Technology Steering Committee (RESTECH) today released a white paper that addresses basic security components which should be present in any financial services related information security program. The paper outlines common risks and mitigation approaches, specifically for small to mid-sized lenders, to help them secure sensitive and confidential customer information while adhering to an ever-increasing number of related statutes and regulations. -- Mortgage Bankers Association of America,Sarah Tinsley,Washington District of Columbia 06/18/2008

• Mortgage Applications Decrease In Latest MBA Weekly Survey
-- Mortgage Bankers Association of America,Sarah Tinsley,Washington District of Columbia 06/18/2008

• Residential Finance Corp Bucks Mortgage Industry Trend, Growing Lender Announces Plan to Hire 75-100 Mortgage Professionals
Mortgage Lender Plans Expansion for Ohio and Florida -- Residential Finance Corporation,Info,Columbus OH 06/17/2008

• MBA Evaluates SEC Regulatory Proposals on Credit Rating Agencies
SEC Opens Comment Period on Regulatory Proposals for Credit Rating Agencies -- Mortgage Bankers Association of America,John Ferber,Washington District of Columbia 06/17/2008

• ICBA Cautions Lawmakers About New Mortgage Disclosure Rules
The Independent Community Bankers of America (ICBA) cautioned Congress about a new regulatory proposal that would significantly change residential mortgage disclosures and elements of the mortgage transaction to the detriment of small lenders and settlement service providers while potentially increasing the cost of homeownership at a time when the mortgage market is facing serious challenges. -- The Independent Community Bankers of America,Bill Grassano,Washington cd 06/17/2008

• Mortgage Credit News - June 13, 2008
The credit markets have concluded that inflation risk now forces the Fed into a sustained series of increases in its overnight rate, presently 2.00%. -- Boulder West Financial Services,Lou Barnes,Boulder Colorado 06/17/2008

• Identity Operator Joins Closing Market Network of Service Providers
New integration offers title companies distinct advantage of direct access for State and Federal Compliance -- RamQuest Software, Inc.,Erin McAnally,Plano tx 06/17/2008

• W.J. Bradley Names New Chief Financial Officer
Colorado based W.J. Bradley Company announced today the appointment of Roy Browning as it𠏋 new Chief Financial Officer. Browning𠏋 hire came as the result of an extensive search effort conducted by Dallas based Mortgage Search & Acquisition (MSA). -- Mortgage Search & Acquisition,Tami Coffey,Dallas tx 06/17/2008

• NYLX INTEGRATES WITH MORTGAGE BUILDER
Mortgage Builder clients get direct, easy access to LoanDecisions, NYLX𠏋 real-time product and pricing technology -- Mortgage Builder Software Inc,Keven Smith,Southfield Michigan 06/17/2008

• ICBA Supports Finance Board Plan for Affordable Housing
The Independent Community Bankers of America (ICBA) supports the Federal Housing Finance Board𠏋 (FHFB) proposal to use Affordable Housing Program (AHP) subsidies � available through the Federal Home Loan Banks (FHLBs) � to help homeowners struggling with the burdens of unaffordable mortgages. -- The Independent Community Bankers of America,Bill Grassano,Washington DC 06/17/2008