Mortgage Lending June 30, 2009

→   Unlikely New Coalition Shines Spotlight on National Goal of Dramatically Upping Energy Efficiency of All New U.S. Homes, Commercial Buildings
Utility CEO, State Energy & Industry Assn Heads, Homebuilder, Efficiency Advocates Join in Urgent Call for Strong Building Energy Codes in All States -- Alliance to Save Energy,Ronnie J Kweller,Washington Dc  06/30/2009



→   Top Tampa Bay-Area Law Firm and Major Real Estate Group Form Partnership to Help Clients with Mortgage Difficulties
Yesner & Boss, one of Central Florida`s top real estate law firms, has signed an agreement to represent clients of 15 area offices of Prudential Tropical Realty in a wide range of financial problems afflicting residential property owners. -- Yesner & Boss, P.L.,Christopher Boss,Tampa Bay Fl  06/30/2009



→   The Case for AMCs - A Valuation Company`s Perspective
Much has been written regarding the role of AMCs in the wake of HVCC, and their effect on the mortgage industry. As a valuation company with over 30 years experience in appraisal management, Pro-Teck Services would like to highlight the advantages of working with an established AMC. -- Pro-Teck Services,Domenica Puleo,Waltham Ma  06/30/2009



→   MidSouth Bank Named to Prestigious Russell 3000 Index
For the first time in its history, MidSouth Bancorp, Inc. (NYSE Amex: MSL) has been named to the prestigious Russell 3000 Index. The bank`s common stock was added to the Russell 3000 Index in connection with Russell`s final annual index reconstitution on June 26. The Index is constructed to provide a comprehensive, unbiased, and stable barometer of the overall market and is completely reconstituted each year to ensure new and growing equities are reflected. The Russell 3000 Index was launched in -- MidSouth Bancorp, Inc.,Rusty Cloutier,Lafayette La  06/30/2009



→   Shore Mortgage to Hire 100 More Employees
Michigan-Based, Shore Mortgage, one of the country`s Leading FHA and conventional home lenders, is seeking to grow company`s team and to highlight employee benefits -- Shore Mortgage,Angie Bournias,Birmingham Mi  06/30/2009



→   The Bank of New York Mellon Selected by Freddie Mac as Designated Custodian
Agreement Encompasses Custody and Certification Services for Single-Family Mortgages -- The Bank of New York Mellon Corporation,Kevin Heine,New York Ny  06/30/2009



→   Mason-McDuffie CEO Named
Marilyn J. Richardson of Danville has been promoted to president and chief executive officer of Mason-McDuffie Mortgage Corp. effective June 22. -- Mason-McDuffie Mortgage Corp.,Tim Hunt,San Ramon Ca  06/30/2009



→   Mortgagebattlecall.com Launches To Help Struggling Loan Officers Survive The Economic Meltdown And Win The Mortgage War
Rob Lawrence, national mortgage sales trainer, today announced the creation of MortgageBattlecall.com, an online training, marketing and private membership site for struggling loan officers and mortgage brokers. -- Mortgagebattlecall.com,Rob Lawrence,Pawtucket Ri  06/30/2009



→   Mid-America Apartment Communities Establishes $250 MM Acquisition Fund
Miid-America Apartment Communities, Inc. (NYSE:MAA) reported today that it has established Mid-America Multifamily Fund II, LLC (`Fund II`). The fund will be a joint venture between Mid-America and institutional capital. Targeted investment opportunities will be within Mid-America`s existing Sunbelt markets and operating region. Mid-America will own a 1/3 interest in Fund II, with plans to acquire up to $250 million of apartment properties over the next eighteen months, and have a 6-8 year inves -- Mid-America Apartment Communities, Inc.,Investor Relations,Memphis Tn  06/30/2009



→   First Advantage Corporation Announces Receipt of Proposal From The First American Corporation
First Advantage Corporation (NASDAQ:FADV) (the `Company`), a global risk mitigation and business solutions provider, today confirmed that it has received an unsolicited proposal from The First American Corporation (`First American`) to acquire all of the issued and outstanding shares of the Company`s common stock not owned by First American at a fixed exchange ratio of 0.5375 of a share of First American common stock for each share of the Company`s common stock. -- First Advantage Corporation,Henri Van Parys,Poway Ca  06/30/2009



→   Mortgage Rates Drop for Second Straight Week
Rates Fall Further on Monday, According to Zillow(R) Mortgage Rate Monitor -- Zillow.com,Katie Curnutte,Seattle Wa  06/30/2009



→   Home Sales Advantage: Fiber-Based Broadband
National Study Shows High-Speed Internet Service Carried on Fiber All the Way to the Home Is a Key Amenity for Home Buyers -- Verizon,Jim Smith,New York Ny  06/29/2009



→   Advice to Bankers: How to Avoid the Bad Rap
How Involving Your Community Bank in the Community Is Easier Than You Think -- First National Bank of Pasco,Karla Jo Helms,Florida   06/29/2009



→   FROST NATIONAL BANK, PNC BANK JOIN EX-IM BANK`S MEDIUM-TERM DELEGATED AUTHORITY PROGRAM
The Export-Import Bank of the United States (Ex-Im Bank) has expanded its support for U.S. small business exports by approving two more lenders for its Medium-Term Delegated Authority (MTDA) Program – Frost National Bank, San Antonio, Texas, and PNC Bank, Pittsburgh, Pa. -- Export-Import Bank of the United States (Ex-Im Bank),Tom Fitzpatrick,Washington Dc  06/29/2009



→   Moody`s Investors Service Confirms Rating for The PMI Group, Inc.
Senior Debt Rating of B3 Confirmed, Outlook Revised to Developing -- PMI Group, Inc.,Bill Horning,Walnut Creek Ca  06/29/2009



→   Economic Meltdown Temporarily Restrains Growth in the Middle East Water and Wastewater Treatment Equipment Markets, Finds Frost & Sullivan
The market for water and wastewater treatment equipment in Gulf Cooperation Council (GCC) countries experienced rapid growth during 2008 driven by huge investments in infrastructure, real estate, petrochemicals, oil and gas and other sectors. However, the sub-prime mortgage crisis that hit western economies changed the business climate and there was a considerable decline in demand for most commodities. Crude oil prices plummeted to about $50 per barrel from a historic high of $145 per barrel, m -- Frost & Sullivan (India) Pvt. Ltd.,Tanu Chopra,Dubai United Arab Emirates  06/29/2009



→   Frank N. Darras: CUNA Mutual Group Slapped With $6 Million Punishment Verdict for Bad Faith Disability Claim Handling
Disability Insurance - What You Need To Know -- Frank N. Darras,Robin Nolan,Ontario Ca  06/29/2009



→   Bridge Street Development Corporation Launches a Free Foreclosure Webinar Series Tuesday, June 30, 2009 - 6:30pm - 8:00pm
Bridge Street Development Corporation (BSDC) cordially invites those who are interested in learning about `What to Expect When Facing Foreclosure` to participate in the launch of a FREE educational Webinar Series from the privacy and comfort of their home or office, from 6:30 - 8:00 pm on Tuesday, June 30th. -- Bridge Street Development Corporation,Pauline Barfield,Brooklyn Ny  06/29/2009



→   The First American Corporation Announces Offer to Acquire First Advantage Corporation
--Transaction to Enhance Financial Flexibility and Operational Efficiency-- -- The First American Corporation,Carrie Gaska,Santa Ana Ca  06/29/2009



→   RentalForeclosure.com, Along With Sponsor Cherry Creek Mortgage, Provides Assistance to Alameda and Contra Costa County Renters
Renters can now check online to see if their landlord is facing foreclosure. -- RentalForeclosure.com,Dave Madam,Alameda Ca  06/29/2009



→   Governor Rendell Signs Bills to Protect Homeowners From Mortgage Fraud
Governor Edward G. Rendell today signed a pair of bills to combat mortgage fraud by strengthening communication between homeowners and their lenders and encouraging employees at mortgage companies to report illegal activity. -- Pennsylvania Office of the Governor,Mia DeVane,Harrisburg Pa  06/29/2009



→   Video Feed: Governor Rendell Signs Bills to Curb Mortgage Fraud; Comments on Budget
The Pennsylvania Satellite News Service will provide a digital satellite video feed between 3:30 p.m. and 3:45 p.m. (15:30 - 15:45 Eastern) today, Monday, June 29, of Governor Edward G. Rendell signing two bills designed to protect Pennsylvanians from mortgage fraud. -- Pennsylvania Office of the Governor,Information 18727,Harrisburg Pa  06/29/2009



→   Housing Assist, the Nation`s Best Option for Preventing Foreclosure
America`s #1 Short Sale Company assists homeowners in mapping out a personalized financial plan for owning a home in two short years after the sale of their underwater property. -- Housing Assist of America,Ardy Afshar,Los Angeles Ca  06/26/2009



→   Solid Index Findings: Finances Have Kept 40 Percent of Americans From Achieving the Things They Want in Life
Lack of Financial Education and Budgeting Can Have Implications on Lifestyle and Summer Vacations -- SunTrust Banks, Inc.,Hugh Suhr,Atlanta Ga  06/26/2009



→   National Home Loan Advocates is Helping Consumers Get Their Best Mortgage Terms
National Home Loan Advocates announces new services to help consumers avoid mortgages that have inflated fees, interest rates that are too high, and home loans that contain predatory terms. -- National Home Loan Advocates,Serena Presley,Dallas Tx  06/26/2009



→   PMI Expands Refinance-to-Modification Program
Flexible for All PMI-insured Loans Including New Eligible Lender/Servicers -- PMI Mortgage Insurance Co.,Bill Horning,Walnut Creek Ca  06/26/2009



→   When Homeowners Walk Away: New Research Reveals More Than 25 Percent of Mortgage Loan Defaults Are Strategic
Financial Trust Index Researchers Study Economic and Moral Factors In Strategic Default -- Kellogg School of Management,Meg Washburn,Chicago Il  06/26/2009



→   M&I Announces Extension of Foreclosure Moratorium
Marshall & Ilsley Corporation (NYSE:MI) (M&I) today announced it has extended its foreclosure moratorium an additional 90 days - through September 30, 2009. The initial moratorium was announced on December 18, 2008, as part of M&I`s Homeowner Assistance Program. The moratorium is on all owner-occupied residential loans for customers who agree to work in good faith to reach a successful repayment agreement. The moratorium applies to applicable loans in all M&I markets. -- Marshall & Ilsley Corporation,Richard Becker,Milwaukee Wi  06/26/2009



→   First American Spatial Solutions Unveils First-Ever Comprehensive National Cadastre
- Nation`s Largest Parcel Database Includes More Than 120 Million Parcels - -- The First American Corporation,Carrie Gaska,Austin Texas  06/26/2009



→   Campusmba Launches New Executive CMB Program For Experienced Industry Professionals
- CampusMBA, the award-winning education division of the Mortgage Bankers Association (MBA), today announced the launch of its new Executive Certified Mortgage Banker (CMB) program, a streamlined track for obtaining the highest professional designation in the real estate finance industry, the CMB. Designed for busy professionals, this program allows candidates to substitute their real-world knowledge and experience for many of the educational requirements of the CMB program. -- Mortgage Bankers Association,Carolyn Kemp,Washington Dc   06/25/2009



→   Monarch Bank Promotes Jim Ferber to President of Real Estate & Construction Group
The Board of Directors of Monarch Bank announced the promotion and election of James R. Ferber to president of the Real Estate & Construction Group. He previously served as executive vice president of this group. -- Monarch Bank,Nancy Porter,Chesapeake Va  06/24/2009



→   Help for Senior Homeowners, Non-Profit Stops Foreclosures
The Founder of the Senior Job Bank, 1975-2005, Eric Summers has, once again, identified a problem facing senior citizens ... and he offers a solution. Back then it was jobs for seniors facing double digit inflation ... today it is preventing foreclosing on our older Americans. -- Help Senior Homeowners, a Non-Profit Counseling Service, Inc.,Eric Summers,Jacksonville Fl  06/24/2009



→   Memos Address Sales of Additional Financial Products/Services andLead Generation
Today, the National Reverse Mortgage Lenders Association (NRMLA) announced two new Ethics Advisories outlining the expected standards and practices in selling other financial products with reverse mortgages and standards for mortgage lead generation activities. -- National Reverse Mortgage Lenders Association (NRMLA),Darryl Hicks,   06/24/2009



→   Mortgage Applications Increase In Latest MBA Weekly Survey The Mortgage Bankers Association (mba) Today Released Its Weekly Mortgage Applications Survey For The Week Ending June 19, 2009. The Market Composite Index, A Measure Of Mortgage Loan Applica
The Refinance Index increased 5.9 percent to 2116.3 from 1998.1 the previous week and the seasonally adjusted Purchase Index increased 7.3 percent to 280.3 from 261.2 one week earlier. -- Mortgage Bankers Association,John Ferber, Commercial,Washington Dc   06/24/2009



→   Alonzo Mourning, Dwyane Wade and Fernando Arau Join the `Bringing Hope Home` Bus Tour in Miami to Promote Foreclosure Prevention
On Thursday, June 25, NBA All-Stars Alonzo Mourning and Dwyane Wade and Latino television host Fernando Arau will participate in a bus tour of Miami, FL to raise awareness of the foreclosure issue as well as the resources available to homeowners to help with their mortgage. Mourning and Wade will also participate in a roundtable discussion with community leaders and homeowners who have faced foreclosure to further explore the issue. This tour and discussion are being sponsored by the HOPE NOW Al -- HOPE NOW,Hilary Lefebvre Perry,Miami Fl  06/24/2009



→   ClosingCorp Launches Online Source for Real Estate Closing Services
Consumers and Real Estate Professionals Can Shop and Save on Title Insurance and Real Estate Closing Costs at Closing.com -- ClosingCorp,Steve Cook,San Diego Ca  06/24/2009



→   Ongoing Turmoil in the Housing Market Impacting Homeowners More Than Ever Before; Here`s What You Need to Know
For many homeowners, the daily news about the housing crisis is increasingly worrisome. The recent rise in interest rates has sent even more homeowners careening, and those with ARMs are acutely aware that their home financing situation might become unstable. On top of a steep decline in home values and a rising unemployment rate, refinancing to escape a rate increase with an adjustable rate, non-confirming loan such as an ARM, might be impossible. -- MortgageReport.com,Kristen Collins,Newton Ma  06/24/2009



→   After Weeks on the Rise, Mortgage Rates Finally Drop
Rates Fall Further on Monday, According to Zillow(R) Mortgage Rate Monitor -- Zillow.com,Katie Curnutte,Seattle Wa  06/24/2009



→   Forty-One Defendants Charged In Five New Area Mortgage Fraud Cases; Two Schemes Involve Expensive Condos and Suburban Homes
Forty-one defendants are facing federal charges relating to various mortgage fraud schemes in five separate cases made public today by federal law enforcement officials. In some of the schemes, the defendants were charged with falsely inflating the values of dilapidated homes in urban areas. Other schemes feature a twist where defendants were charged with deals involving million-dollar condominiums in a Chicago high-rise and sprawling homes in affluent suburbs. A total of 37 individuals and four -- U.S. Department of Justice,Randall Samborn,Chicago Il  06/24/2009



→   Statement From the Appraisal Institute
The following statement may be attributed to the Appraisal Institute`s Bill Garber, Director, Government and External Relations. It is in response to today`s comment by Lawrence Yun, National Association of Realtors chief economist, that the increase in existing home sales in May `is less than expected because poor appraisals are stalling transactions. Some contracts are falling through from faulty valuations that keep buyers from getting a loan.` -- Appraisal Institute,Bill Garber,Washington Dc  06/24/2009



→   Pricing Partners extends significantly its inflation module with the market standard `BBK` model
Paris-London: Pricing Partners www.pricingpartners.com, the independent valuation expert and a world leader in mathematical models and analytics for derivatives and structured products, announced today a successful extension of its inflation module with the release of the inflation market model referred to as the `BBK` model. Based on the quantitative work largely publicized by various publications co-written by N. Belgrade, E. Benhamou and E. Koehler, this extension is fully integrated within the Price-it library. This model endows the inflation module with numerous unmatched business advantages since it enables to calibrate very accurately on market instruments -- Pricing Partners,Eric Benhamou, Pricing Partner,Paris   06/24/2009



→   Commercial real estate industry`s ONLY objective evaluation tool for market viability
In 2-3 minutes, over 20 of the industry`s most trusted data sources analyzes 4,0800 data elements to evaluate the market viability of a property -- Xsite Validation LLC,Sdorf, Senior Vice President,Farmington Hills Michigan  06/24/2009



→   J.A.F. Appraisals & Real Estate Moves Company Headquarters
J.A.F. Appraisals & Real Estate moves to larger office in Citrus County. -- J.A.F. Appraisals,John Fonk, State,Homosassa Florida  06/23/2009



→   Proof of Funds, MT760, MT799, VOD, MT103, Bank Instrument, SBLC
24 Hour Proof of Funds cash back escrow or bank account -- Offshore Trading Platform,Reginald Ollison, Managing Par,Raleigh NC  06/23/2009



→   $50,000 Offshore Trading Platform
Earned High Returns Monthy with Secured account as low as $50,000 to trade! -- Offshore Trading Platform,Reginald Ollison, Managing Par,Raleigh NC  06/23/2009



→   Proof of Funds
Atlantic Equity Partners LLC Offer Proof of Funds -- Atlantic Equity Partners LLC.,Reginald Ollison, Managing Par,Raleigh NC  06/23/2009



→   Miac Exclusive Servicing Offering - #r1-0609 June 19th, 2009.
$250 Million - GNMA MSR Portfolio Exclusive Servicing Offering - #R1-0609 Bid Date: June 30, 2009 -- Mortgage Industry Advisory Corp.,Dan Thomas,New York New York  06/22/2009



→   Tracking Success - The Co-operative Bank 3 Year Tracker Leads to 75% Uplift in Mortgage Sales
Following the recent launch of a new market leading 3 year tracker mortgage, (2.39%* 27.05.09) The Co-operative Bank is reminding customers looking to make the most of low interest rates, to act now if they want to take advantage of some of the lowest rates available. -- The Co-operative Bank,Alejandra Solis,Manchester England  06/22/2009



→   Southwest Bancorp Reports Kansas Acquisition
Southwest Bancorp, Inc. (NASDAQ:OKSB) (NASDAQ:OKSBP) , (`Southwest`), tonight announced that Bank of Kansas (`SNB Kansas`) had entered into a purchase and assumption agreement with the Federal Deposit Insurance Corporation (`FDIC`) to acquire deposits, loans, and other liabilities and assets of First National Bank of Anthony in Anthony, Kansas (`FNBA`) in an FDIC-assisted transaction. SNB Kansas is a wholly owned, full service commercial banking subsidiary of Southwest headquartered in the Hutch -- Southwest Bancorp, Inc.,Rick Green,Stillwater Ok  06/22/2009



→   Verizon Business Technology Helps Fannie Mae Expand Call Center in Support of Foreclosure Prevention
Advanced Contact Center Helps Fannie Mae Implement `Making Home Affordable` Program -- Verizon Business,Lisa Fels,Basking Ridge Nj  06/22/2009



→   Conseco Risk-Based Capital Ratio Benefits Under NAIC Action
Conseco, Inc. (NYSE:CNO) today announced that a recent National Association of Insurance Commissioners (NAIC) action to modify the mortgage experience adjustment factor for 2009 will benefit its risk-based capital ratio. -- Conseco, Inc.,Tony Zehnder,Carmel In  06/22/2009



→   Insurers Join Other Businesses In New Coalition To Develop New Global Accounting Standards To Address Financial Crisis
The Group of North American Insurance Enterprises (GNAIE) has joined a new coalition of trade associations, representing all sectors of the economy and areas of the financial services arena, that will engage the Financial Accounting Standards Board (`FASB`) and the International Accounting Standards Board (`IASB`) on a series of projects to reform accounting standards associated with the financial crisis. -- GNAIE,Doug Barnert Executive Director of ,New York Ny  06/22/2009



→   GMAC Commercial Finance Provides Pounds Sterling 5 Million in the Management Buyout of the European Network Group
GMAC Commercial Finance (GMAC CF) has backed the management buyout of European Recruitment Network Group (ERN) by Redwood Group Ltd. ERN is a pounds Sterling 50 million recruitment group specialising in healthcare and professional and technical temporary staff. -- GMAC Commercial Finance,Kelly Rionda,London Uk  06/22/2009



→   Foreclosure and Mortgage Rate News Shows Little Hope the Housing Crisis is Near an End
According to ForeclosureWarehouse.com, reports in the media have focused largely on small improvements in the real estate market in order to restore confidence to prospective homebuyers. However, careful analysis of the data suggests the sluggish market and reduced home prices are not going anywhere any time soon. -- ForeclosureWarehouse.com,Jacob Christensen,New York Ny  06/22/2009



→   Colonial Savings F.A. Sees Mortgage Lending Boom of More Than $1 Billion
Initiatives of the U.S. government to boost the nation`s housing market, including record low interest rates and incentives for first time buyers, have created a lending boom in the mortgage divisions of Colonial Savings F.A., headquartered in Fort Worth, Texas. -- Colonial Savings F.A.,Janet Walter,Fort Worth Tx  06/22/2009



→   Grassley Fundraiser Hosted by Mortgage, Insurance Lobbyists and PAC
Special interest fundraiser comes after Grassley voted against bill opposed by hosts to allow bankruptcy judges to renegotiate mortgages -- Public Campaign Action Fund,David Donnelly,Washington Dc  06/22/2009



→   Credstar Announces Upgraded Web Site For Expanding Markets
—CredStar.com Customized for Multiple Markets— -- First American Credco,David Woodruff, Senior Marketi,Poway California  06/22/2009



→   MBA Lowers 2009 Originations Forecast To $2.03 Trillion
The Mortgage Bankers Association today lowered its forecast of mortgage originations in 2009 to $2.03 trillion, a drop of over $700 billion from its March forecast. $84 billion of the drop is due to lower purchase originations and the rest is due to lower rate/term refinancings and very low volumes in the Fannie Mae and Freddie Mac Home Affordable Refinance Program (HARP). MBA is now forecasting $737 billion in purchase originations and $1,297 billion in refinance originations. -- Mortgage Bankers Association,Carolyn Kemp,Washington Dc   06/22/2009



→   RICS Global RE Weekly: Japanese Commercial Rents to Continue Slipping
The latest survey of Japanese business confidence for Q2 is released by the Ministry of Finance on Monday 22nd. The business outlook is key for the commercial real estate sector as it will underpin how quickly business expansion resumes in the overall economy and thus feed into the demand for business space. Other data to watch in the coming week include the trade balance on Wednesday 24th and core CPI data on Friday 26th. -- RICS (Royal Institution of Chartered Surveyors),Ms Kate Kwan,Hong Kong Asia  06/19/2009



→   California and Nevada Families Share Stories to Encourage Others to Take Action Against Foreclosure
States represent two of the four with the highest foreclosure rates, according to MBA report -- Parsa Law Group,Holly Naylor,Orange County Ca  06/19/2009



→   Home Warranties Prove Valuable in Today`s Real Estate Market, Especially for Anxious First-Time Homebuyers
A study conducted by American Home Shield and a major national real estate company reveals that homes offered with warranty protection sold an average of 23 days faster than homes with no warranty coverage. -- American Home Shield,Nichole Ritchie,Memphis Tn  06/19/2009



→   Capitol Acquisition Corp. and Two Harbors Investment Corp. to Merge, Form New Residential Mortgage REIT Managed by an Affiliate of Pine River Capital Management
Veteran Pine River Investment Team with Proven Track Record Well Positioned to Capitalize on Unprecedented Dislocation in RMBS Market -- Capitol Acquisition Corp.,Chuck Dohrenwend,New York Ny  06/19/2009



→   Credit Rewind Announces New Free Online Results Tracking for Credit Repair Clients
With the credit noose continuing to tighten across the country, it is imperative that people keep their credit reports as clean as possible. Lenders are no longer forgiving when it comes to borrowers who have derogatory marks on their credit report. In fact, this will usually make it impossible for borrowers to get a mortgage or any other type of credit. Today, borrowers need to have nearly perfect credit to be able to borrow any money - especially for a house. -- Credit Rewind,David George,Houston Tx  06/19/2009



→   Equity Based Services, Inc. Proves Leveraged Real Estate Acquisitions are Alive and Well
EBS announces the acquisition of 2 Self Storage properties in Arlington, TX leveraged with a 5 year loan with Interest-Only payments for the first year. -- Equity Based Services, Inc.,Kurt Ambrosius,Arlington Tx  06/19/2009



→   Innovative On-Line Service Helps Minimizes Economic Losses Associated With No Mortgage Contingency Contracts
Real Estate Broker Karlene D. Tyson announces the launch of www.AssignMyContract.com, an innovative website designed to help prevent home buyers from losing all of their down payment tied-up in a `No Mortgage Contingency` contract. AssignMyContract.com provides a convenient way for contract holders to find new buyers to assume their purchase contact for a percentage of the down payment. Prospective investors will find this on-line service beneficial as well; they don`t have to come up with 100% -- AssignMyContract.com,Karlene D. Tyson,New York Ny  06/19/2009



→   First American CoreLogic Announces Purchase of BasePoint Analytics
Acquisition to Accelerate Creation of Industry Standard Predictive Analytics for Fraud Detection -- The First American Corporation,Carrie Gaska,Santa Ana Ca  06/19/2009



→   No California Foreclosure Moratorium But You Can Save Your Home With Loan Modification Programs in Los Angeles and Throughout California
The new `foreclosure moratorium laws` do not guarantee homeowners a loan modification and will do little to stop a trustee sale. Governor Schwarzenegger`s signature on the recent California Foreclosure Prevention Act, similar to the Obama Making Homes Affordable Plan, is unlikely to stop or delay most foreclosures. The bill is a step in the right direction by adding 90 days to the 3 month time frame between a notice of default and a notice of trustee sale, but leaves loopholes that allow lenders -- Law Office of Barsness & Cohen,The Law Office of Barsness & Cohen,Los Angeles Ca  06/19/2009



→   Todd Duncan Joins Prospect Mortgage as Chief Performance Officer
Prospect Mortgage has announced that Todd Duncan, a renowned motivational speaker, sales trainer and best-selling author, has joined the company to lead a comprehensive sales, leadership and time management training program designed to drive its national sales team to the highest performance level in the industry. -- Prospect Mortgage,Matthew Tully,Sherman Oaks Ca  06/19/2009



→   California Short Sale Company Reaches Out to all Homeowners Including Celebrities in Need of Help With a Short Sale
Experienced agents to negotiate short sale quickly and precisely, Housing Assist keeps providing what many troubled homeowners aren`t getting: SATISFACTION! -- Housing Assist,Housing Assist,Los Angeles Ca  06/19/2009



→   NAEBA Calls on Congress to Establish a Federal Mandate for Real Estate Agency Disclosure
The National Association of Exclusive Buyers Agents (NAEBA) released a letter to Congress on Wednesday urging members to include real estate agency disclosure language in legislation relating to mortgage lending reform, including the Anti-Predatory Lending Act and the ongoing discussion over the formation of a Financial Products Safety Commission. -- National Association of Exclusive Buyer Agents,John Sullivan,Avondale Az  06/19/2009



→   Impac Mortgage Holdings, Inc. Announces Postponement of Special Meeting of Common Stockholders and Extension of the Expiration Date of the Offer to Purchase and Consent Solicitation to June 29, 2009
Impac Mortgage Holdings, Inc. (Pink Sheets: IMPM), a Maryland corporation, or the `Company,` today announced that it is extending the expiration date of its Offer to Purchase and Consent Solicitation for its 9.375% Series B Cumulative Redeemable Preferred Stock (Pink Sheets: IMPHP) and 9.125% Series C Cumulative Redeemable Preferred Stock (Pink Sheets: IMPHO) from 9:00 a.m. on June 26, 2009 to 9:00 a.m. (Eastern Daylight Time) on June 29, 2009, unless further extended or terminated by the Compan -- Impac Mortgage Holdings, Inc.,Justin Moisio,Irvine Ca  06/19/2009



→   New `benchmarks` Study From Mortgagebot Tracks Online Lending Trends
One-of-a-kind research analyzes online lending practices of 900 mortgage lenders and more than 5000 mortgage Web sites; data confirms growth and expansion of online mortgage channel -- MortgageBot LLC,Robert Brandt, Director of sal,Cedarburg Wisconsin  06/18/2009



→   MBA Supports Proposal For $15,000 Tax Credit For All Homebuyers
David G. Kittle, CMB, Chairman of the Mortgage Bankers Association issued the following statement today in support of S. 1230, The Homebuyer Tax Credit Act of 2009. -- Mortgage Bankers Association,John Mechem,Washington Dc   06/18/2009



→   Mortgage Builder Goes Live With Fha Connection Interface Mortgage Builder Is One Of The First Loan Origination Systems To Offer This Connectivity; Lenders Save Up To 60 Minutes Per Loan By Utilizing Hud`s Web Capabilities Without Leaving The Mortgage Bui
Mortgage Builder, a leading loan origination software (LOS) provider, announces it has gone live with its interface to FHA Connection, the Department of Housing and Urban Development’s web-based direct access capability, giving lenders the opportunity to vastly streamline their FHA loan activities and save both time and money when originating these loans. FHA Connection, introduced in 1997, is an interactive web link with FHA (Federal Housing Administration) that provides an accelerated means of obtaining case numbers, remitting mortgage insurance, obtaining borrower authorization codes, logging appraisals and accessing various other FHA origination functions. By creating a direct interface with FHA Connection, Mortgage Builder users are able to access the functionality of the HUD system without leaving the Mortgage Builder platform. -- Mortgage Builder Software Inc,Keven Smith, President,Southfield Michigan  06/18/2009



→   Consumer Perception Is Key To Survival As Recession Puts Pressure On Small Businesses
Now more than ever, maintaining a quality customer experience is crucial to the survival of your business. According to Business Management Specialist, Bob Prosen MBA, Author of Kiss Theory Goodbye, Five Proven Ways to get Extraordinary Results in Any Company, “getting the right message across to your customer will make or break your business during these hard times.” -- Bob Prosen, MBA,Bob Prosen, MBA ,Dallas Tx  06/18/2009