Mortgage Lending July 15, 2011
Forget the industry's troubles with adapting to and managing HAMP. It has become very apparent that the increasingly stringent audit process is the next cog in the wheel that will surely jam up mo -- NMN,Admin,New York NY 07/15/2011
Mortgagematch.com, the loan origination website launched late last year by Move Inc., is no longer pairing borrowers with loans and home listings. -- NMN,Admin,New York NY 07/15/2011
NorthEast Community Bancorp Inc. is ready to make a gutsy move — an aggressive push into Boston that also involves originating its first single-family mortgages in roughly two decades. -- NMN,Admin,New York NY 07/15/2011
Zillow increased the expected price for common stock in its initial public offering to $16-$18, up from last week's estimate of $12-$14, according to a new filing with the Securities and Exchange -- NMN,Admin,New York NY 07/15/2011
Several months ago, Bank of America notified KB Home that it wanted to end their joint venture in the mortgage industry, which does business as KBA Mortgage, but it was willing to continue the relatio -- NMN,Admin,New York NY 07/15/2011
Mortgage brokers are complaining to Congress that the Federal Reserve's loan officer compensation rule is tying their hands, hurting their ability to compete with banks. -- NMN,Admin,New York NY 07/15/2011
The Consumer Financial Protection Bureau said it is teaming up with military lawyers to track consumer financial complaints from military families. -- NMN,Admin,New York NY 07/15/2011
Citigroup's North American residential mortgage business seems to be treading water in terms of originations and servicing. -- NMN,Admin,New York NY 07/15/2011
Two Harbors Investment Corp., a REIT with jumbo plans and an additional equity offering in the works, was one of the most actively traded stocks on the NYSE Friday afternoon. -- NMN,Admin,New York NY 07/15/2011
Two congressmen from high cost housing states have introduced legislation to extend the maximum $729,750 loan limit on government-backed loans for another two years. -- NMN,Admin,New York NY 07/15/2011
The NAACP and Bank of America have announced that they will enhance their partnership through the promotion of greater economic opportunity and advancement of community economic development throughout -- NationalMortgageProfessional.com,NMP Media Services, 07/15/2011
One Reverse Mortgage LLC has announced that it has received approval from Ginnie Mae to participate in the agency`s HECM Mortgage-Backed Securities (HMBS) program. One Reverse Mortgage will -- NationalMortgageProfessional.com,NMP Media Services, 07/15/2011
Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing mortgage rates following long-term bond yields lower amid weaker than expected jobs gains and an increase in -- NationalMortgageProfessional.com,NMP Media Services, 07/15/2011
New Penn Financial LLC, a nationwide lender and wholly-owned subsidiary of Shellpoint Partners LLC, has introduced a portfolio of new mortgage programs designed to fill the gap where agency and govern -- NationalMortgageProfessional.com,NMP Media Services, 07/15/2011
Holliday, Fengolio, Fowler (HFF), a commercial real estate and capital markets services firm, announced Douglas Opalka has joined the firm as a managing director in its Austin, Texas office. Opalka wi -- DSNews.com,Admin, 07/15/2011
Denver-based Realis Real Estate Software (formerly REO Maestro) is launching a new software product for agents and brokers working with short sales. The new program, Prelude, is designed to allow real -- DSNews.com,Admin, 07/15/2011
Bank of America is exploring the idea of selling roughly $40 billion of mortgage servicing rights tied to Freddie Mac loans, according to servicing officials and investors who have been briefed about -- NMN,Admin,New York NY 07/15/2011
BSI Financial Services this week expanded its specialty servicing operations by reaching an agreement with ENTRA Default Solutions to use its system to provide non-judicial foreclosure services. -- NMN,Admin,New York NY 07/15/2011
Existing home sales rose 7.5% in June from the prior month on a non-seasonally adjusted basis and prices increased for the third consecutive month, according to new figures compiled by RE/MAX. -- NMN,Admin,New York NY 07/15/2011
Consumers who bought their current home in 2007 or later, but are reselling it now, are overpricing their properties by at least 14% on average, according to Zillow, the online real estate database. -- NMN,Admin,New York NY 07/15/2011
Government National Mortgage Association issuers sold $26.2 billion of mortgage-backed securities into the secondary market in June, up 3% from the previous month, according to new government figures. -- NMN,Admin,New York NY 07/15/2011
On the phone you have about 10 seconds or less with your words to capture a listener's attention, break their preoccupation with whatever they were doing when you called, and place them in a posit -- NMN,Admin,New York NY 07/15/2011
After the tense moments of her last congressional hearing, Elizabeth Warren surprised critics at her second appearance before the House Committee on Oversight and Government Reform with a carrot of so -- NMN,Admin,New York NY 07/15/2011
Kirchmeyer & Associates Inc., a national appraisal, database and real estate appraisal consulting company has announced that Bill Waltenbaugh has joined the company as chief appraiser. Waltenbaugh -- NationalMortgageProfessional.com,NMP Media Services, 07/15/2011
The Helping Responsible Homeowners Act (S. 170), which aims to help underwater homeowners refinance their loans at historically low interest rates, is gaining support. Sen. Barbara Boxer, D-California -- DSNews.com,Admin, 07/15/2011
INDUSTRY, CA, July 15, 2011 /24-7PressRelease/ -- Closets by Design offers design consultants who can help people organize closets and closet organizers for do-it-yourselfers. Closets by Design believ -- 24/7 Press Release Newswire,24/7 Media, 07/15/2011
VANCOUVER, BC, July 15, 2011 /24-7PressRelease/ -- Cameron Herold needs little introduction in the business world; possibly best known for his former role as COO of 1-800 Got Junk, a company whose pro -- 24/7 Press Release Newswire,24/7 Media, 07/15/2011
Mortgage Industry Mike Sullivan has joined LCS Financial Services as their new SVP. Sullivan has more than 25 years of industry expertise in mortgage servicing operations, default management and real -- DSNews.com,Admin, 07/14/2011
June marks the fourth straight month of increasing home prices while also showing a rise in sales transactions, according to RE/MAX's National Housing Report for June 2011.
While demonstrating a -- DSNews.com,Admin, 07/14/2011
Moody's Investors Service said late Wednesday its decision to put the U.S. Government's debt on review for possible downgrade could have implications for certain rated residential mortgage pro -- NMN,Admin,New York NY 07/14/2011
The "brain drain" at Freddie Mac continued this week with the news that Robert Bostrom, the GSE's general counsel and executive vice president, is leaving to join the law firm of SNR Dento -- NMN,Admin,New York NY 07/14/2011
JPMorgan Chase originated $34 billion of single-family mortgages in the second quarter, down 6% from the prior period as it continues to cut back on correspondent lending. -- NMN,Admin,New York NY 07/14/2011
Radian Guaranty Inc., Philadelphia, will accept Fannie Mae Desktop Underwriter Approve/Eligible and Freddie Mac Loan Prospector Accept/Eligible loans for mortgage insurance without the need for a sepa -- NMN,Admin,New York NY 07/14/2011
First Guaranty Mortgage, McLean, Va., said it will offer Fannie Mae HomePath and HomePath Renovation Mortgage products to borrowers through both its retail and wholesale channels. -- NMN,Admin,New York NY 07/14/2011
The bank-owned PNC Mortgage Thursday confirmed that it hired mortgage industry veteran E. Todd Chamberlain as its president and chief operating officer beginning August 8. -- NMN,Admin,New York NY 07/14/2011
The Federal Reserve Board has not changed its interpretation regarding the loan officer compensation rule in a consumer-paid transaction, as initially thought. -- NMN,Admin,New York NY 07/14/2011
SNR Denton has announced that Robert Bostrom, executive vice president, general counsel and corporate secretary of Freddie Mac, is joining the firm as partner and co-head of its global financial insti -- NationalMortgageProfessional.com,NMP Media Services, 07/14/2011
MRG Document Technologies (MRG), a provider of mortgage document preparation software and loan document packages to banks, credit unions and other lenders nationwide, has announced that Shane Hill has -- NationalMortgageProfessional.com,NMP Media Services, 07/14/2011
Ohio Attorney General Mike DeWine has announced a lawsuit against foreclosure rescue company Diversified Real Estate Consultants LLC (DREC), its affiliates, and its owner for multiple violations of Oh -- NationalMortgageProfessional.com,NMP Media Services, 07/14/2011
CoreLogic, a provider of information, analytics and business services, has announced an expansion of its relationship with LexisNexis to fuel LoanSafe Fraud Manager with consumer identity, business an -- NationalMortgageProfessional.com,NMP Media Services, 07/14/2011
On Wednesday, the House Financial Services Subcommittee on Insurance, Housing and Community Opportunity held a hearing titled "Mortgage Origination: The Impact of Recent Changes on Homeowner -- NationalMortgageProfessional.com,NMP Media Services, 07/14/2011
Fairway Independent Mortgage Corporation has announced the opening of two new branches in South Windsor and West Hartford, Conn. both to be led by Tom Valyo. Fairway is ranked among the top -- NationalMortgageProfessional.com,NMP Media Services, 07/14/2011
The drop in the homeownership rate from an all-time high of 69.2 percent in 2004 to 66.4 percent in the first quarter of 2011 reflects a decline from unsustainable levels to something closer to histor -- NationalMortgageProfessional.com,NMP Media Services, 07/14/2011
Acris Technology, formerly Acris Solutions, has unveiled Mortgage VCO, an end-to-end, cloud-based “virtual corporate office” suite of software applications, IT and consulting services that -- NationalMortgageProfessional.com,NMP Media Services, 07/14/2011
Distressed commercial real estate in the United States stood at $181.1 billion in June, according to the analysts at Delta Associates. That tally includes properties in default, in foreclosure, and le -- DSNews.com,Admin, 07/14/2011
With a groundswell of unpaid mortgages and home seizures adding to inventories of bank-owned properties for years, REO sales have commanded a bigger share of the market. Getting these foreclosed homes -- DSNews.com,Admin, 07/14/2011
Despite a recent trend in increasing foreclosure times, the average time it took to foreclose properties in California, Arizona, and Nevada decreased in June 2011, according to ForeclosureRadar. While -- DSNews.com,Admin, 07/14/2011
As unemployment increased, mortgage rates decreased for the week ending July 14, according to Freddie Mac's weekly report released Thursday. "Long-term bond yields and mortgage rates fell this -- DSNews.com,Admin, 07/14/2011
Foreclosure related filings fell by almost 30% in the first-half to 1.17 million actions, but it appears much of the drop is attributable to processing and procedural delays, according to new figures -- NMN,Admin,New York NY 07/14/2011
As housing prices continue to slide, the loan-to-value ratios of always-performing loans have in many cases crept higher than those on defaulted loans, according to a new report from Moody's Inves -- NMN,Admin,New York NY 07/14/2011
Conflicts of interest abound in the world of academic research. Many were highlighted in last year's Academy Award-winning documentary about the financial crisis, "Inside Job." -- NMN,Admin,New York NY 07/14/2011
It appears the Federal Reserve Board has loosened its rules on mortgage brokerage firms compensating their loan officers in consumer paid transactions. -- NMN,Admin,New York NY 07/14/2011
Equifax subsidiary The Work Number will begin providing mortgage lenders and other consumer credit underwriters verifications of employment and income for self-employed individuals. -- NMN,Admin,New York NY 07/14/2011
Do you blog? If you do, do you have trouble finding stuff to write about? If you don't, is the reason because you don't know what to write about? -- NMN,Admin,New York NY 07/14/2011
Those who've been holding their breath for a commercial real estate meltdown may want to exhale. -- NMN,Admin,New York NY 07/14/2011
PMMS News Feed Has Moved
This feed has changed. Please click here for new feed subscription address: http://freddiemac.mediaroom.com/index.php?s=12329&pagetemplate=rss&category=209. Thank you. -- Fannie,Admin,Washington DC 07/14/2011
-- Fannie,Admin,Washington DC 07/14/2011
The Work Number, a service of Equifax and a provider of verified employment and income verifications (VOE / VOI), has announced the release of self-employed verifications, a solution that helps qualif -- NationalMortgageProfessional.com,NMP Media Services, 07/14/2011
BETHESDA, MD, July 14, 2011 /24-7PressRelease/ -- MARK IV Builders (http://www.markivbuilders.com/), a Bethesda design build firm, is proud to announce that their Production Manager, Andrew Hannan, ha -- 24/7 Press Release Newswire,24/7 Media, 07/14/2011
LOUISVILLE, KY, July 14, 2011 /24-7PressRelease/ -- Changing from running payroll by hand to computerized payroll can be quick and painless. Small business-focused payroll software developer Halfprice -- 24/7 Press Release Newswire,24/7 Media, 07/14/2011
WARREN, MI, July 14, 2011 /24-7PressRelease/ -- American Brick Company (Ambrico) recently reported another busy season of thin brick installations. The company, who recently partnered with some of the -- 24/7 Press Release Newswire,24/7 Media, 07/14/2011
MIAMI, FL, July 14, 2011 /24-7PressRelease/ -- Miami-based Safe Harbor Equity just announced they sold two commercial assets in Miami. With years of experience, the firm has built a reputation within -- 24/7 Press Release Newswire,24/7 Media, 07/14/2011
July 14, 2011 /24-7PressRelease/ -- With the nation`s economy struggling, and unemployment still at historic levels, it is no surprise that many former students are struggling with repaying their loan -- 24/7 Press Release Newswire,24/7 Media, 07/14/2011
July 14, 2011 /24-7PressRelease/ -- Saving House from Foreclosure -- 24/7 Press Release Newswire,24/7 Media, 07/14/2011
July 14, 2011 /24-7PressRelease/ -- The old adage is that money can`t buy you love; but in today`s society, money and finances are inextricably linked together. Once you say "I do", a number -- 24/7 Press Release Newswire,24/7 Media, 07/14/2011
July 14, 2011 /24-7PressRelease/ -- Divorce entails both physical and financial separation from one`s spouse. And, as the U.S. slowly emerges from a severe recession, many people contemplating divorce -- 24/7 Press Release Newswire,24/7 Media, 07/14/2011
July 14, 2011 /24-7PressRelease/ -- Carrying adequate insurance coverage can provide peace of mind by ensuring that you have a safety net if you are injured. However, even after you have paid your pre -- 24/7 Press Release Newswire,24/7 Media, 07/14/2011
ATLANTA, GA, July 14, 2011 /24-7PressRelease/ -- Premier Surfaces, an Atlanta granite countertops fabricator with additional locations in Alabama, is organizing a series of company-sponsored fundraise -- 24/7 Press Release Newswire,24/7 Media, 07/14/2011
LONDON, ENGLAND, July 14, 2011 /24-7PressRelease/ -- Business Monitor International has announced the release of its newest report, which examines the state of the industry infrastructure in Greece. -- 24/7 Press Release Newswire,24/7 Media, 07/14/2011
LONDON, ENGLAND, July 14, 2011 /24-7PressRelease/ -- Business Monitor International has released its latest report examining the state of the food and drink market in Russia. -- 24/7 Press Release Newswire,24/7 Media, 07/14/2011
The number of foreclosure filings for the second quarter of this year was the lowest reported since the fourth quarter of 2007, according to RealtyTrac's Midyear 2011 Foreclosure Market Report rel -- DSNews.com,Admin, 07/14/2011
Mortgagematch.com, the loan origination website launched in late 2010 by Move Inc., is no longer pairing borrowers with loans and home listings. -- NMN,Admin,New York NY 07/13/2011
New York Attorney General Eric Schneiderman is seeking client information from several companies as part of an investigation into Bank of America's recent proposed $8.5 million settlement. Schneid -- DSNews.com,Admin, 07/13/2011
Cincinnati-based legal firm, Reisenfeld & Associates LPA, LLC, announced the newest addition to their team. Steven Giordullo is now the new Director of Default Operations. As Director of Default Oper -- DSNews.com,Admin, 07/13/2011
Steve Curry, a six-year veteran of Impac Mortgage Holdings, has left the lender to accept an EVP job with ClearVision Funding, a fast growing wholesaler based in Santa Ana, Calif. -- NMN,Admin,New York NY 07/13/2011
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