Mortgage Lending February 28, 2010
February 27, 2010 /24-7PressRelease/ -- Facing Foreclosure? Bankruptcy May Help -- 24/7 Press Release Newswire,24/7 Media, 02/27/2010
Moody's Investors Service projects the national rate of underwater homeowners could reach 50 percent by early 2011. Florida's All Statewide Property Corporation says it has found a solution to -- DSNews.com,Admin, 02/26/2010
Existing-home sales fell from December to January but were still above year-ago levels, the National Association of Realtors (NAR) reported Friday. NAR's chief economist, Lawrence Yun said the mon -- DSNews.com,Admin, 02/26/2010
As part of a coordinated plan to help as many homeowners as possible prevent foreclosure and stay in their homes, HOPE NOW, the industry-created alliance of mortgage servicers, investors, counselors, -- DSNews.com,Admin, 02/26/2010
With short sales gaining in popularity, it comes as no surprise that two companies recently announced strategic partnerships with National Quick Sale, a short sale technology company based in Jacksonv -- DSNews.com,Admin, 02/26/2010
Freddie Mac (NYSE:FRE) announced today that on or about September 1, 2010, the company will cease purchasing and securitizing interest only mortgages, including Freddie Mac Initial Interest(SM) fixed- -- Freddie Mac,Michael Cosgrove,Mclean Va. 02/26/2010
Statewide Median Price Up 0.2 Percent to $145,300 -- Illinois Association of REALTORS,Ann Londrigan,Springfield Ill. 02/26/2010
Nationwide Health Properties, Inc. (NYSE:NHP) today announced that Douglas M. Pasquale, Chairman and Chief Executive Officer, and Abdo H. Khoury, Chief Financial and Portfolio Officer, will present a -- Nationwide Health Properties, Inc.,Abdo H. Khoury,Newport Beach Calif. 02/26/2010
Major deal for key parcels shows new growth opportunities in current market -- Lennar Corporation,Scott Shipley,Miami 02/26/2010
IBERIABANK Corporation (NASDAQ:IBKC) , holding company of 123-year old IBERIABANK (www.iberiabank.com) and IBERIABANK fsb (www.iberiabankfsb.com), is pleased to announce the naming of Barry F. Berthel -- IBERIABANK Corporation,Beth Ardoin,Lafayette La. 02/26/2010
IBERIABANK (www.iberiabank.com), the 123-year-old subsidiary of IBERIABANK Corporation, is pleased to announce the naming of J. Keith Short as Executive Vice President and President of the Collier and -- IBERIABANK Corporation,Beth Ardoin,Naples Florida 02/26/2010
At a time when mortgage clients need it most, BB&T Corporation's retail mortgage operation is helping current and potential homeowners with their mortgage financing needs. -- Santa Barbara Bank and Trust, CA,Tim Dale,Winstonsalem N.c. 02/26/2010
The U.S. Department of Housing & Urban Development (HUD), in partnership with the Loan Modification Scam Prevention Network, has announced the launch of PreventLoanScams.org. “Troubled -- NationalMortgageProfessional.com,NMP Media Services, 02/26/2010
Changes in family and employment status as well as adjustments to monthly mortgage obligations played significant roles in California’s homeowners’ decisions to sell their homes in 2009, a -- NationalMortgageProfessional.com,NMP Media Services, 02/26/2010
EPIC Real Estate Solutions, a vendor management company, has formed a strategic partnership with National Quick Sale, a provider of short sale automation technology, to facilitate vendor management fo -- NationalMortgageProfessional.com,NMP Media Services, 02/26/2010
The administration's Home Affordable Refinance Program (HARP) is set to expire June 10. It's a central component of the government's foreclosure prevention efforts and is currently one of -- DSNews.com,Admin, 02/26/2010
Georgia-based Altisource Solutions, Inc. has broadened its mortgage service offerings to include REO asset management operations. This recent expansion extends the company's real estate dispositio -- DSNews.com,Admin, 02/26/2010
The debate over the future of Fannie Mae and Freddie Mac continues to heat up. The National Association of Realtors (NAR) released an unpublished proposal to DS News this week that advocates convertin -- DSNews.com,Admin, 02/26/2010
President Obama and his administration are floating an idea to prohibit lenders from foreclosing on a home unless the borrower has been considered for the Home Affordable Modification Program (HAMP). -- DSNews.com,Admin, 02/26/2010
In an announcement Friday, Freddie Mac said effective September 1, 2010, it will no longer buy or securitize interest-only mortgages.
Interest-only mortgages, including Freddie Mac Initial Interes -- DSNews.com,Admin, 02/26/2010
Howell Haunson of the Atlanta-based real estate closing law firm Morris|Hardwick|Schneider (M|H|S) was recently presented with the Partners in Education Instructor of the Year Award from the Georgia A -- DSNews.com,Admin, 02/26/2010
According to a recent article written by Andrew Jakabovics, an associate director for housing and economics at the Center for American Progress, the Federal Housing Finance Administration's (FHFA) -- DSNews.com,Admin, 02/26/2010
The FDIC has requested comments from the industry on a new regulation that would limit safe harbor protections for assets, including mortgages, which have been securitized by failed banks. FDIC offici -- DSNews.com,Admin, 02/26/2010
The U.S. economy grew faster than initially thought in the fourth quarter as businesses drew down inventories at a much slower pace and boosted investment, a government report showed on Friday. In its -- MortgageLatestNews,Admin, 02/26/2010
Don’t count on the economic growth spurt at the end of 2009 to carry into this year. The economy grew at a blistering 5.7 percent pace in the final quarter of last year, according to a prelimina -- MortgageLatestNews,Admin, 02/26/2010
The Commercial Mortgage Securities Association (CMSA) commended the continuing efforts in Congress to address the unique nature of commercial real estate finance. And, to this end, CMSA wishes to than -- NationalMortgageProfessional.com,NMP Media Services, 02/26/2010
Mortgage fraud continues to increase, despite the numerous news articles and media attention that bring to light the many schemes designed to take advantage of mortgage processes. National banking, fi -- NationalMortgageProfessional.com,NMP Media Services, 02/25/2010
Santa, Ana California-based First American Document Solutions, a member of the First American Corporation and a single point of access to a large land records database, recently announced that it has -- DSNews.com,Admin, 02/25/2010
U.S. house prices declined modestly in the fourth quarter of 2009, according to the Federal Housing Finance Agency's (FHFA) seasonally-adjusted purchase-only house price index (HPI), which was cal -- DSNews.com,Admin, 02/25/2010
In an effort to improve its property search and map display, Zip Realty, Inc., a national real estate brokerage headquartered in Emeryville, California, has partnered with Maponics, LLC, a Norwich, Ve -- DSNews.com,Admin, 02/25/2010
Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 5.05 percent with an average 0.7 point for the week -- NationalMortgageProfessional.com,NMP Media Services, 02/25/2010
While the overall Interthinx Mortgage Fraud Risk Index remains elevated but unchanged from the previous quarter’s value of 145 (n = 100), it is worth noting the reversal in a number of trends th -- NationalMortgageProfessional.com,NMP Media Services, 02/25/2010
Representatives of the Financial Fraud Enforcement Task Force met in Miami for the first of a series of Mortgage Fraud Summits. The task force, established by President Barack Obama in November 2009 t -- NationalMortgageProfessional.com,NMP Media Services, 02/25/2010
U.S. house prices fell slightly in the fourth quarter of 2009, according to the Federal Housing Finance Agency’s (FHFA) seasonally adjusted purchase-only house price index (HPI). The H -- NationalMortgageProfessional.com,NMP Media Services, 02/25/2010
For the first time in three weeks, interest rates for 30-year fixed mortgages averaged more than 5 percent, Freddie Mac reported Thursday.
According to Freddie Mac's Primary Mortgage Market Su -- DSNews.com,Admin, 02/25/2010
The industry has its eyes peeled for any indication that we've turned the corner on the housing crisis, and for good reason - markets around the country have been battered by plummeting property v -- DSNews.com,Admin, 02/25/2010
Reversing a long historic trend, mortgage default risk for consumers with high FICO scores now exceeds their credit card default risk, Minneapolis-based FICO recently reported. The provider of analyti -- DSNews.com,Admin, 02/25/2010
Pricing Partners' flagship software, Price-It Excel, authorizes Excel to price and value with a generic and intuitive language and cashflow, allowing the description of virtually any product. Feat -- Pricing Partners,Eric Benhamou,Paris Paris 02/25/2010
The following is being issued by Fannie Mae (NYSE:FNM) : -- HomePath,Derek Lowe,Washington 02/25/2010
Significant Property Renovations Also Planned -- Behringer Harvard,Barbara Marler,Dallas 02/25/2010
The following is being issued by Fannie Mae (NYSE:FNM) : -- HomePath,Derek Lowe,Washington 02/25/2010
Ladder Capital Finance LLC (together with its affiliates, "Ladder Capital" or "the Company"), a leading commercial real estate finance company, announced today that the Company has clo -- Ladder Capital Finance LLC,Greta Guggenheim,New York 02/25/2010
Yesner & Boss, one of Tampa Bay's top law firms in the field of commercial and residential foreclosures, short sales and bankruptcies, is expanding into Manatee and Sarasota Counties. The firm has -- Yesner & Boss,Jean Heller,St Petersburg Florida 02/25/2010
Taxpayers May Overlook Hundreds to Thousands in Combined Federal and State Deductions or Rebates, Industry Leader Advises -- LTC Financial Partners, LLC,Jonas Roeser,Manhasset N.y. 02/25/2010
A key federal regulator for years has let national banks engage in lending practices that the regulator itself admits harm consumers and lenders, according to two new reports from the Center for Respo -- Center for Responsible Lending,Kathleen Day,Washington 02/25/2010
If you or your significant other picked Valentine's Day to pop the question, there's plenty of work ahead to plan your life together. Among the wedding plans and post-wedding plans, don't -- National Association of Insurance Commissioners (NAIC),Monica Charleston,Kansas City Mo. 02/25/2010
"You, Me & the U.S. Economy: A Plainspoken Story of Financial Crisis" Insider's Account Tells "Main Street" What Really Happened; Foreword by Treasury Secretary Henry Paulson -- Stacy Carlson,Jennifer Gilbert,Washington 02/25/2010
Economic sentiment in the 16 countries that use the euro worsened in February for the first time in nearly a year, the European Commission said Thursday, in a further sign that the recovery from reces -- MortgageLatestNews,Admin, 02/25/2010
* Bernanke’s prepared testimony reaffirmed that an expected backdrop of low rates of resource utilization, subdued inflation, and stable inflation expectations is consistent with a low for long stan -- MortgageLatestNews,Admin, 02/25/2010
The Mortgage Bankers Association (MBA) has announced that it has developed a concept for a new forbearance program that would allow qualified borrowers who had lost their jobs to remain in their homes -- NationalMortgageProfessional.com,NMP Media Services, 02/25/2010
DocuSign, an on-demand electronic signature solutions provider, has announced the release of the DocuSign version 10.1, the latest release of the company`s award-winning e-signature service. This vers -- NationalMortgageProfessional.com,NMP Media Services, 02/25/2010
Ocwen's Paul Koches offers insight into the industry's slow pace when it comes to mortgage modifications. Koches says the assumption that servicers make more money from foreclosures than modif -- DSNews.com,Admin, 02/25/2010
LONDON, ENGLAND, February 25, 2010 /24-7PressRelease/ -- Norwich & Peterborough Building Society is the latest in a string of mortgage lenders to announce a rise in its Standard Variable Rate (SVR), d -- 24/7 Press Release Newswire,24/7 Media, 02/25/2010
To keep pace with rapid growth in its client base, National Creditors Connection, Inc. (NCCI) is expanding its sales force. The Lake Forest, California-based company just announced that it has promote -- DSNews.com,Admin, 02/24/2010
Although the median price for existing homes in California soared 15 percent from January 2009 to January 2010, the state's housing supply continued to decrease, the California Association of Real -- DSNews.com,Admin, 02/24/2010
The default rate on commercial real estate mortgages held by U.S. banks closed out 2009 more than double what it was a year earlier.
Real Capital Analytics has reported that the default rate on lo -- DSNews.com,Admin, 02/24/2010
Although terms of the deal were not disclosed, New York-based Trepp, LLC, an independent provider of commercial mortgage-backed securities (CMBS) and commercial mortgage information, confirmed Wednesd -- DSNews.com,Admin, 02/24/2010
In an effort to provide mortgage market participants with information critical to their success, Mortgage Industry Advisory Corporation (MIAC), a New York-based provider of FAS 157 fair market valuati -- DSNews.com,Admin, 02/24/2010
Freddie Mac reported Wednesday that it lost $7.8 billion, or $2.39 per diluted common share, in the fourth quarter of 2009. The three-month results pushed the GSE's full year net loss to $25.7 bil -- DSNews.com,Admin, 02/24/2010
In response to the overwhelming amount of foreclosures that could have been avoided through a short sale, Retreat Capital Management Group, a provider of loss mitigation and outsourced fulfillment sol -- DSNews.com,Admin, 02/24/2010
Valligent, a provider of property valuation and risk management solutions, released a new valuation suite Wednesday that the company says is aimed at "ending the real estate industry's addicti -- DSNews.com,Admin, 02/24/2010
In an effort to better market its foreclosed property listings, Lansdale, Pennsylvania-based Keystone Asset Management, a national provider of comprehensive REO, default management, and property valua -- DSNews.com,Admin, 02/24/2010
The National REO Brokers Association (NRBA) recently concluded its REO Boot Camp in Gaffney, South Carolina. The event was hosted by Bob Shelton, a well-respected NRBA Master Broker, and was attended -- DSNews.com,Admin, 02/24/2010
What options or recommendations are there when I seller victimizes a buyer by 1.) Not reveiling knowledge of serious plumbing defects, structural instability (house and garage), clogged chmney, improp -- NationalMortgageProfessional.com,NMP Media Services, 02/24/2010
Ted Tozer has been sworn in as president of the Government National Mortgage Association (Ginnie Mae). Tozer will be responsible for ensuring Ginnie Mae safely guarantees the principal and interest pa -- NationalMortgageProfessional.com,NMP Media Services, 02/24/2010
As a result of blizzard conditions and increasing interest rates, mortgage loan application volume fell 8.5 percent on a seasonally adjusted basis for the week ending February 19, 2010, according to d -- DSNews.com,Admin, 02/24/2010
The Mortgage Bankers Association (MBA) has put forth a concept for a new forbearance program that would allow borrowers who've lost their jobs to remain in their homes while they seek new employme -- DSNews.com,Admin, 02/24/2010
CAPITAL POSITION ALLOWS PACWEST TO CLEAR BALANCE SHEET FOR FUTURE GROWTH -- PacWest Bancorp,Matt Wagner,San Diego 02/24/2010
The PNC Financial Services Group, Inc. (NYSE:PNC) announced today that Chairman and Chief Executive Officer James E. Rohr will discuss business performance and strategy at the CLSA AsiaUSA Forum 2010 -- PNC Financial,Fred Solomon,Pittsburgh 02/24/2010
'100% of our offices will participate to lend a hand to those in need right in our back yard' -- Prudential California Realty,Cathy Harrington,Pleasanton California 02/24/2010
In remarks today to the CFA Virginia Society in Richmond, Va., St. Louis Fed President James Bullard provided an overview of the origins of the financial crisis and explained why most of the regulator -- Federal Reserve Bank of St. Louis,,Suzanne Jenkins,Richmond Va. 02/24/2010
Aubrey Patterson, Chairman and Chief Executive Officer of BancorpSouth (NYSE:BXS) , a $13.2 billion-asset financial holding company headquartered in Tupelo, Mississippi, has been named to the Board of -- BancorpSouth, Inc.,Randy Burchfield,Tupelo Miss. 02/24/2010
Renasant Corporation (NASDAQ:RNST) announced today that on Wednesday, February 24, 2010 at 10:15 AM (Eastern Time) E. Robinson McGraw, Renasant Chairman & CEO, will be presenting at the 2010 Keefe, Br -- Renasant Corporation,John Oxford,Tupelo Miss. 02/24/2010
Southwest Securities, FSB, the commercial banking subsidiary of SWS Group, Inc. (NYSE:SWS) , has announced the addition of three experienced bankers to the team overseeing the company's new bankin -- Southwest Securities, FSB,Ben Brooks,Dallas 02/24/2010
The 30-year fixed mortgage rate on Zillow Mortgage Marketplace is currently 4.84 percent, up five basis points from 4.79 percent compared to this same time last week. -- Zillow,Katie Curnutte,Seattle 02/24/2010
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