Mortgage Lending August 31, 2011
Radian Guaranty executive Camillo Melchiorre will leave his post as senior vice president of loss management to serve as president and CEO of mortgage technology nonprofit Hope LoanPort, effective Sep -- NMN,Admin,New York NY 08/31/2011
The Securities and Exchange Commission believes that mortgage real estate investment trusts are beginning to look more like mutual funds and has initiated a review of their exemption from the Investme -- NMN,Admin,New York NY 08/31/2011
-- Fannie,Admin,Washington DC 08/31/2011
U.S. Department of Housing & Urban Development (HUD) Secretary Shaun Donovan has announced that HUD will award $1.63 billion for Fiscal Year 2011 to support nearly 7,000 existing homeless ass -- NationalMortgageProfessional.com,NMP Media Services, 08/31/2011
The July Mortgage Monitor report released by Lender Processing Services Inc. (LPS) depicts a housing market where foreclosure timelines continue their steady upward trend, as a payment has not been ma -- NationalMortgageProfessional.com,NMP Media Services, 08/31/2011
Mortgage Insurance Companies of America (MICA), a trade association representing the private mortgage insurance (PMI) industry, has released its monthly statistical report with member c -- NationalMortgageProfessional.com,NMP Media Services, 08/31/2011
Mortgage servicers completed 56,000 permanent loan modifications through their own proprietary assistance programs during the month of July, according to figures released Wednesday by HOPE NOW. July&# -- DSNews.com,Admin, 08/31/2011
A payment has not been made on the average loan in foreclosure in 599 days, up from 587 the previous month, according to Lender Processing Services Inc.'s latest monthly Mortgage Monitor report. -- NMN,Admin,New York NY 08/31/2011
Three properties in Ohio and Michigan that previously belonged to General Motors Corp. have been sold in separate transactions. -- NMN,Admin,New York NY 08/31/2011
Behringer Harvard, a global real estate investment program, has formed BH Capital that will focus on the acquisition of small-balance debt properties sold on the secondary market through individual tr -- NMN,Admin,New York NY 08/31/2011
As the government makes changes to servicing regulations and short-sale fraud lawsuits continue to linger in the wake of the robo-signing scandal, Woodward Asset Capital is adapting to the ongoing cha -- NMN,Admin,New York NY 08/31/2011
Nationwide sales of homes in some stage of foreclosure or bank-owned status in the second quarter this year accumulated for 31% of all residential sales, according to RealtyTrac. -- NMN,Admin,New York NY 08/31/2011
Lender Processing Services is now marketing its hybrid valuation service to owners of distressed property portfolios as an alternative to traditional broker price opinions. -- NMN,Admin,New York NY 08/31/2011
After months of rumors, Bank of America made it official Wednesday morning, saying it would exit the correspondent mortgage space, where it ranks second nationwide. -- NMN,Admin,New York NY 08/31/2011
An executive in the senior housing lending business is warning potential borrowers that because of the tight credit markets, they must be prepared to give even more descriptive information and data th -- NMN,Admin,New York NY 08/31/2011
Mortgage applications dropped 9.6% on a seasonally adjusted basis last week, according to the Mortgage Bankers Association's weekly mortgage applications survey. -- NMN,Admin,New York NY 08/31/2011
In the last 12 months, those who use an Individual Retirement Account to save money for their post-workplace lifestyle have put $450 million of their funds into real estate, according to IRA Financial -- NMN,Admin,New York NY 08/31/2011
Independent mortgage banking firms made an average profit of $575 per origination in the second quarter, a 66% gain compared to 1Q -- but a significant decline from two years ago when the average gain -- NMN,Admin,New York NY 08/31/2011
Kinecta Federal Credit Union has launched a jumbo loan program for high net worth borrowers that allows them to use a percentage of their assets in certain other financial products to help them qualif -- NMN,Admin,New York NY 08/31/2011
A few years back there was a growing school of thought—and factual proof—that the entire mortgage banking landscape would be 90% controlled by just five lenders and servicers, mostly megaban -- NMN,Admin,New York NY 08/31/2011
Bank of America is hiring financial advisors, including mortgage specialists, as it expands its network of high tech "specialty stores" for customers with $50,000 to $250,000 in "investabl -- NMN,Admin,New York NY 08/31/2011
Home prices rose in July for the fourth consecutive month, according to CoreLogic, which tracks the market through its house price index. -- NMN,Admin,New York NY 08/31/2011
Congress begins its fall session on Tuesday and lawmakers will have only a few weeks to act before the authority of the Federal Emergency Management Agency to issue new flood insurance policies expire -- NMN,Admin,New York NY 08/31/2011
Author Steve Bergsman grew up in Levittown, N.Y. during those early years and, looking back now as an aging baby boomer, he thought it a wonderful place to have spent a childhood when a home was truly -- NationalMortgageProfessional.com,NMP Media Services, 08/31/2011
Independent mortgage banks and subsidiaries made an average profit of $575 on each loan they originated in the second quarter of 2011, up from $346 per loan in the first quarter of 2011, according to -- NationalMortgageProfessional.com,NMP Media Services, 08/31/2011
HOPE LoanPort has announced that Cam T. Melchiorre will assume the role of president and chief executive officer. Melchiorre led the HOPE NOW Alliance Technology Committee that resulted in the cr -- NationalMortgageProfessional.com,NMP Media Services, 08/31/2011
Kinecta Federal Credit Union has launched a new Asset Utilization Loan Program for its mortgage lending division. Tailored to Kinecta’s 5/1, 7/1 or 10/1 Jumbo ARM, the new program enables high -- NationalMortgageProfessional.com,NMP Media Services, 08/31/2011
Mortgage applications decreased 9.6 percent from one week earlier, according to data from the Mortgage Bankers Association`s Weekly Mortgage Applications Survey for the week ending Aug. 26, 2011. The -- NationalMortgageProfessional.com,NMP Media Services, 08/31/2011
WFG National Title Insurance Company has appointed Barry Owens as its new SVP and national sales manager within the firm's default services division. He is charged with growing the company's m -- DSNews.com,Admin, 08/31/2011
The Federal Housing Finance Agency (FHFA) is the second regulatory body to file a petition with the New York federal court that is reviewing Bank of America's $8.5 billion settlement proposal to C -- DSNews.com,Admin, 08/31/2011
HOPE LoanPort recently announced that the organization has now registered over 3,000 HUD-certified, nonprofit housing counselors in a little over a year of full operation. Counselors from more than 63 -- DSNews.com,Admin, 08/31/2011
Title insurance companies wrote $2.30 billion in premiums throughout the second quarter of 2011, down from $2.33 billion in the second quarter of 2010, according to the American Land Title Association -- DSNews.com,Admin, 08/31/2011
Home prices rose 0.8 percent during the month of July, marking the fourth consecutive month of increase, according to CoreLogic's July Home Price Index, released Tuesday. Capital Economics respond -- DSNews.com,Admin, 08/31/2011
SAN DIEGO, CA, August 31, 2011 /24-7PressRelease/ -- Pardee Homes has announced that they have reduced prices on move-in ready townhomes at Highlands Village at Carmel Country Highlands. The builder i -- 24/7 Press Release Newswire,24/7 Media, 08/31/2011
WILMINGTON, DE, August 31, 2011 /24-7PressRelease/ -- The US economy continues to produce conflicting headlines and consumer anxiety on a daily basis as unemployment remains above 9 percent. Those loo -- 24/7 Press Release Newswire,24/7 Media, 08/31/2011
KENT, ENGLAND, August 31, 2011 /24-7PressRelease/ -- Facebook marketing is an essential component of any complex social media marketing promotion campaign. An increasing number of business owners real -- 24/7 Press Release Newswire,24/7 Media, 08/31/2011
RED WING, MN, August 31, 2011 /24-7PressRelease/ -- Red Wing Software, Inc. announces the addition of free accounting software resources to their Web site for customers and prospects alike. Customers -- 24/7 Press Release Newswire,24/7 Media, 08/31/2011
The average mortgage loan in foreclosure has been delinquent for 599 days, according to Lender Processing Services (LPS). That's a record for the company's regular monthly study on mortgage pe -- DSNews.com,Admin, 08/31/2011
As the federal government continues to seek new ways to create jobs and reduce burdensome regulation, the National Association of Mortgage Brokers (NAMB) recommends that the Administration and Congres -- NationalMortgageProfessional.com,NMP Media Services, 08/30/2011
CCG Catalyst has named Lee A. Kidder practice group manager and a senior consultant. In this position, Kidder provides strategic counsel regarding financial institutions’ use of technology. -- NationalMortgageProfessional.com,NMP Media Services, 08/30/2011
Twenty-one members of New York's congressional delegation sent a letter to Iowa Attorney General Tom Miller expressing concerns after he removed New York Attorney General Eric Schneiderman from th -- DSNews.com,Admin, 08/30/2011
The National Association of Mortgage Field Services (NAMFS) has teamed up with the REO property preservation firm Field Asset Services, Inc. to provide its members with information on local code enfor -- DSNews.com,Admin, 08/30/2011
Mortgage-related securities issuers have to decide whether to maintain their ability to come to market regularly in tough times or whether it might be wiser to wait for calmer waters. -- NMN,Admin,New York NY 08/30/2011
Future mortgage-backed securities repurchase disputes could go through independent third-party reviews and possibly binding arbitration as part of model principles for them released by the American Se -- NMN,Admin,New York NY 08/30/2011
Lenders would compete to refinance underwater mortgages if Fannie Mae and Freddie Mac stopped demanding "put backs" when new loans default, according to mortgage strategists at Bank of America -- NMN,Admin,New York NY 08/30/2011
Housing production took a sharp and sudden decline in the nation's most populous state in July, posting the lowest level of permits since January 2009. -- NMN,Admin,New York NY 08/30/2011
Mortgage Banking Solutions, Woodway, Texas, says it is currently working on four merger-related transactions with announcements on two of them coming shortly. -- NMN,Admin,New York NY 08/30/2011
Fresh off its initial public offering of common stock, real estate listing and mortgage rate search website company Zillow posted its first ever quarterly profit since its launch in 2006. -- NMN,Admin,New York NY 08/30/2011
For those of us who live on the East Coast, we certainly had plenty of reminders about impending disasters this past week. -- NMN,Admin,New York NY 08/30/2011
Home prices rose 1.1% in June after a 1% increase in May as values in 19 of the 20 metropolitan areas tracked by the Standard & Poor's/Case-Shiller house price index registered monthly gains. -- NMN,Admin,New York NY 08/30/2011
CoreLogic said recently hired financial advisory firm Greenhill & Co. will evaluate the company's financial strategy and "explore a wide range of options aimed at enhancing shareholder val -- NMN,Admin,New York NY 08/30/2011
Even if the White House can pull off a large scale refinancing program to help troubled homeowners it likely won't help the mortgage insurance industry much, according to a new report from FBR Cap -- NMN,Admin,New York NY 08/30/2011
Municipalities are increasingly holding mortgage securitization trustsliable for the upkeep of properties, which could affect investors'cashflows, according to a new report from Moody's Invest -- NMN,Admin,New York NY 08/30/2011
GCC Servicing Systems, a provider of mortgage servicing technology and solutions, has announced the availability of a new investor accounting and reporting component through the company's professi -- DSNews.com,Admin, 08/30/2011
CoreLogic's board of directors is looking into various strategies to enhance shareholder value, including the possibility of selling the company. CoreLogic said Monday that its board has formed a -- DSNews.com,Admin, 08/30/2011
Home prices increased 3.6 percent over the second quarter of this year, after having fallen 4.1 percent in the first quarter, according to the latest S&P/Case Shiller index. With the second quarter -- DSNews.com,Admin, 08/30/2011
Ginnie Mae announced Friday a new rule regarding buyouts of delinquent loans. Servicers may now buy out loans at the end of a successful trial payment plan, instead of waiting until a borrower has mis -- DSNews.com,Admin, 08/30/2011
LONDON, ENGLAND, August 30, 2011 /24-7PressRelease/ -- UK spread betting company, Financial Spreads, has launched a new limited risk spread betting account. -- 24/7 Press Release Newswire,24/7 Media, 08/30/2011
SALT LAKE CITY, UT, August 30, 2011 /24-7PressRelease/ -- iFreedom Direct, a national VA specialty lender, announces a new mobile landing page on its website, directvaloans.com. Now, military members -- 24/7 Press Release Newswire,24/7 Media, 08/30/2011
LAKEWOOD, CO, August 30, 2011 /24-7PressRelease/ -- Colorado-based HomeSphere, Inc. today announced a major upgrade to its rebate management and demand generation platform, BRI, further advancing the -- 24/7 Press Release Newswire,24/7 Media, 08/30/2011
LONDON, ENGLAND, August 30, 2011 /24-7PressRelease/ -- St Maarten Real Estate, one of the most experienced real estate offices within Caribbean for the beautiful islands of Saint Martin and Saint Maar -- 24/7 Press Release Newswire,24/7 Media, 08/30/2011
FORT WORTH, TX, August 30, 2011 /24-7PressRelease/ -- A little before 6 am on Tuesday, June 14, Reina Cruz`s son, Edward, woke up his mother to tell her he smelled smoke. Looking out the kitchen windo -- 24/7 Press Release Newswire,24/7 Media, 08/30/2011
HUD is once again accepting applications for its Emergency Homeowners' Loan Program (EHLP), which provides assistance to borrowers at risk of losing their homes due to unemployment or underemploym -- DSNews.com,Admin, 08/30/2011
The FDIC filed a petition with the courts late Monday contesting the $8.5 billion settlement proposal put forth by Bank of America in June, which is intended to cover claims from institutional investo -- DSNews.com,Admin, 08/30/2011
The Kislak Organization's re-entry into the residential mortgage business is kaput. -- NMN,Admin,New York NY 08/29/2011
The percentage of early defaults on FHA-insured loans originated by MortgageIT "skyrocketed" after it was acquired by Deutsche Bank in 2007, according to an amended complaint filed by New Yor -- NMN,Admin,New York NY 08/29/2011
Sperlonga Data and Analytics, a subsidiary of national real estate asset firm MMREM, has announced the hiring of Brent Stokes for the newly created position of senior vice president. Stokes will lead -- NationalMortgageProfessional.com,NMP Media Services, 08/29/2011
Pending home sales declined in July, but remain above 2010`s levels, according to the National Association of Realtors (NAR). All regions show monthly declines except for the West, which continues to -- NationalMortgageProfessional.com,NMP Media Services, 08/29/2011
Commerce Velocity, a member of the Fidelity National Financial (FNF) family of companies and a provider of default technology has enhanced their Optimizer solution to help achieve the new require -- NationalMortgageProfessional.com,NMP Media Services, 08/29/2011
The delinquency rate for mortgage loans on residential properties in Maryland was 9.46 percent at the end of the second quarter of 2011, an increase of 37 basis points from the first quarter of 2011, -- NationalMortgageProfessional.com,NMP Media Services, 08/29/2011
The United States Attorney’s Office for the Middle District of Pennsylvania has announced that Alex Gambini of Greeley, Penn., the former owner of First Advantage Financial Servic -- NationalMortgageProfessional.com,NMP Media Services, 08/29/2011
CoreLogic, a provider of information, analytics and business services, has announced that it has integrated a tax return income verification solution—4506-T Direct—with its Mortgage Builde -- NationalMortgageProfessional.com,NMP Media Services, 08/29/2011
Pending home sales decreased overall and in three of the four national regions in July, according to the National Association of Realtors (NAR). However, nationally and in all four regions, pending sa -- DSNews.com,Admin, 08/29/2011
The city of Chicago is set to launch a targeted new loan program to help alleviate the effects of the foreclosure crisis in local neighborhoods. Through the initiative dubbed the Micro-Market Recovery -- DSNews.com,Admin, 08/29/2011
Alex Gambini, the former owner of First Advantage Financial Services, Hamlin, Pa., will spend at least four years in prison for participating in a fraud scheme where he inflated property mortgages. -- NMN,Admin,New York NY 08/29/2011
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