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Mortgage Lending August 15, 2008
→ Hanley Investment Group Sells Three Shopping Centers Totaling Nearly $17 Million
Hanley Investment Group Real Estate Advisors negotiated the sale of three multi-tenant shopping centers in Arizona and Southern California for a total consideration of $16,575,000. The properties are located in Mesa, Ariz. and Riverside and Victorville, Calif. -- Monaghan Communications,Anne Monaghan,Newport Beach California 08/12/2008
→ Mortgage Credit News - August 8, 2008
Mortgage rates are a hair lower, under 6.75% now, but spreads to Treasurys have widened despite overt Treasury backing of Fannie and Freddie. -- Boulder Mortgage Bank,Lou Barnes,Boulder Colorado 08/08/2008
→ Credit Crunch Forces Homeowners to Hand Back Keys
The UK Insolvency Helpline has revealed a significant rise in the number of its clients posting the keys their homes to it offices in a bid to start the voluntary repossession process on their properties. The areas most affected are the Midlands, the North, Wales, Scotland and the South West. -- The UK Insolvency Helpline,Richard Sorsky,,Uk 08/08/2008
→ 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
→ Pending Home Sales Rise, Wider Gains Anticipated as Buyers Tap Housing Provisions
Some improvement is projected for existing-home sales in the months ahead, with broader gains seen by the fourth quarter as buyers take advantage of new provisions provided through the recently passed housing stimulus bill, according to the latest forecast by the National Association of Realtors(R). -- National Association of Realtors®,Walter Molony,WASHINGTON DC 08/08/2008
→ Fidelity National Financial, Inc. Announces the Acquisition of Mercury Companies Colorado Operations
Fidelity National Financial, Inc. (NYSE: FNF), a leading provider of title insurance,
specialty insurance, claims management services and information services, today announced the acquisition of all of the state of Colorado title insurance operations of the Mercury Companies, Inc. -- Fidelity National Financial, Inc.,Helki McLeod, JACKSONVILLE fl 08/06/2008
→ Mortgage Applications Slightly Increase In Latest MBA Weekly Survey
-- Mortgage Bankers Association of America,Sarah Tinsley,Washington District of Columbia 08/06/2008
→ Lessons from subprime for reverse mortgage pros, part 2
-- Credo Mortgage,Atare Agbamu,Erlanger Kentucky 08/05/2008
→ HFF secures financing for southern California multifamily properties
The San Diego office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it arranged financing for Sommerset La Costa, a 48-unit multifamily community in Carlsbad, and Monarch Terrace Apartments, a 56-unit multifamily community in Glendale, California. -- HFF (Holliday Fenoglio Fowler, L.P.),Laurie Fish McDowell,SAN DIEGO CA 08/05/2008
→ Cogent Road Adds New Debt Free Wizard to Funding Suite’s Intelligent Credit Report
- Creates action plan for applicants desiring to live debt-free - -- Cogent Road, Inc.,Information,SAN DIEGO ca 08/05/2008
→ MISMO® Completes Milestone Two of Version 3.0
Industry Continues to make progress on MISMO's Version 3.0 Architecture -- Mortgage Bankers Association of America,Aleis Stokes,Washington District of Columbia 08/05/2008
→ NEW! Seamless Integration Between MortgageDashboard(TM) and Office XSites by a la mode
MortgageDashboard(TM) now has a seamless integration with Office XSites by a la mode. MortgageDashboard(TM) users with an a la mode Web site can now export their new loan applications directly to their MortgageDashboard(TM) LOS -- completely eliminating retyping. Whenever a new customer signs onto MortgageDashboard(TM), they will automatically get a free Originator level XSite with a 20-day trial of the Office level XSite features, including the integration with MortgageDashboard(TM). The integration also allows XSite users to receive a fully integrated MortgageDashboard(TM) account. -- A La Mode Inc.,Ellana Walker,Oklahoma City Oklahoma 08/05/2008
→ 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
→ NOW NOT A GOOD TIME FOR PROCRASTINATION, CAMBRIDGE ADVISES HEALTHCARE BORROWERS
A new Bloomberg News survey predicts that economic expansion in the fourth quarter will most likely slow to the weakest pace observed in six years, and this may not be as bad as it gets. -- Cambridge Realty Capital Ltd,Debbie Glienke,Chicago Illinois 08/05/2008
→ ChoicePoint(R)'s MARI Introduces Enhanced Mortgage Fraud Tool: MARI Loan Fraud Alert Service Pro
The Mortgage Asset Research Institute (MARI(SM)), a ChoicePoint (NYSE: CPS) company, today announced the release of the MARI Loan Fraud Alert Service Pro (LFAS Pro). MARI LFAS Pro, with its patent pending technology, assists lenders in discovering fraudulent loan applications prior to funding through a combination of comparative loan application analysis and Identity Risk Management tools. Lenders will now have the ability to have a more comprehensive view of their loan portfolio, not previously available in the market. -- Mortgage Asset Research Institute Inc.,Jim Croft,Reston Virginia 08/04/2008
→ HFF arranges $15.7 million in financing for Boca Raton industrial facilities
The Miami office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it arranged a $15.7 million refinancing for eight industrial/warehouse facilities totaling 203,578
Working exclusively on behalf of Lewis Rental Properties, HFF managing director Fred Welker placed two fixed-rate loans with Wells Fargo Commercial Mortgage Originations. An $8.2 million loan was secured for the South Congress Warehouses and a $7.5 million loan was arranged for the Boca Design Center Phase I. Both financings are replacing existing loans with Wells Fargo that were to terminate in 2008. Lewis Rental Properties, with a home office in Boca Raton, has been providing rental warehouse space for the small industrial storage user in the Boca Raton and Deerfield Beach markets for over 30 years. -- HFF (Holliday Fenoglio Fowler, L.P.),Laurie Fish McDowell,Miami FL 08/04/2008
→ ELLIE MAE PARTNERS WITH MORTGAGE POWER NETWORK, GIVING ENCOMPASS USERS ACCESS TO CHIP CUMMINGS’ MARKETING TOOLS
Users get one-click access to Encompass training, mortgage information and marketing tools to improve productivity and profits -- Ellie Mae Inc.,David Lewis,Pleasanton California 08/04/2008
→ Intellidyn Debuts Ability to Target Negative Amortization Loan Holders by Lender
Retail originators can now pinpoint and market to prospective borrowers by their levels of Negative Amortization, credit criteria and lender name -- Intellidyn.com,Gene Devine,Boston MA 08/04/2008
→ Change How you think
I have been helping mortgage professionals with their careers for over 20 years. Eductaed in the field of Psychology.. I can now say with certainty that, you and I have been thinking completly wrong all these years.. -- The Howard Masters Group LLC,Timothy Howard,Coata Mesa California 08/04/2008
→ SearchMyLoan.com Announces Strategic Alliance with JMAC Lending
-Lender’s extensive loan programs now available through pricing and search engine -
SearchMyLoan.com (SML), a provider of loan search and pricing services for the mortgage industry, announced a strategic alliance with Huntington Beach, Calif.-based JMAC, a lender offering diversified product lines and competitive pricing to the wholesale funding market. -- SearchMyLoan.com,Info,PORT WASHINGTON NY 07/31/2008
→ Mortgage Servicers Set Monthly, Quarterly Records For Helping Homeowners Avoid Foreclosure
Estimated 1.9 Million Foreclosures Prevented Since July 2007 -- HOPE NOW,Kate McGann,Washington DC 07/31/2008
→ HOUSING REFORM PROVIDES EXPANDED RESOURCES TO STRUGGLING OHIO FAMILIES AND COMMUNITIES
The Ohio Housing Finance Agency (OHFA) commends Congress and President Bush for the passage of comprehensive housing legislation that will provide assistance for Ohio families and neighborhoods caught in the crossfire of the foreclosure crisis. The American Housing Rescue and Foreclosure Prevention Act (H.R. 3221) was signed by President Bush earlier today and will help borrowers facing foreclosure and communities blighted by abandoned properties. -- Ohio Housing Finance Agency,Erin Biehl,Columbus Ohio 07/31/2008
→ Statement from NACEDA Executive Director Jane DeMarines
Housing Legislation Will Lessen Foreclosure Damage to Low-Income Neighborhoods -- National Alliance of Community Economic Development Associations (NACEDA),Jane DeMarines, 07/31/2008
→ 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
→ HFF closes sale of Omaha, Nebraska Class A multifamily community
The Chicago office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has closed the sale of Steeplechase Apartments, a 314-unit Class A multifamily community in Omaha, Nebraska. -- HFF (Holliday Fenoglio Fowler, L.P.),Laurie Fish McDowell,CHICAGO IL 07/31/2008
