Mortgage Lending June 15, 2011
The nominations deadline for the 2011 Mortgage Technology Awards and Tech Savvy Lender recognition is just days away.The deadline for submissions to both award programs is Friday, July 1. -- NMN,Admin,New York NY 06/15/2011
On a day where the Dow Jones Industrial Average fell by almost 179 points, all but two stocks related to the mortgage banking industry were among the losers. -- NMN,Admin,New York NY 06/15/2011
Ellie Mae, a provider of software and automation solutions for mortgage bankers, community banks, credit unions and other mortgage lenders, has realigned its sales and client relations divisions to fo -- NationalMortgageProfessional.com,NMP Media Services, 06/15/2011
Aklero Risk Analytics Inc., a provider of mortgage loan quality technology and services through automated data and document validity assurance for the mortgage industry, has named G. Carolyn Mitchell -- NationalMortgageProfessional.com,NMP Media Services, 06/15/2011
U.S. Department of Housing & Urban Development (HUD) Secretary Shaun Donovan and Environmental Protection Agency (EPA) Administrator Lisa Jackson have announced a collaborative effo -- NationalMortgageProfessional.com,NMP Media Services, 06/15/2011
Zillow has announced the expansion and improvement of its living database of homes, adding more than 25 million new Zestimate home valuations and improving Zestimate accuracy nationwide. Zillow now ha -- NationalMortgageProfessional.com,NMP Media Services, 06/15/2011
MRG Document Technologies (MRG), a provider of mortgage document preparation software and compliance technology to banks, credit unions and other lenders nationwide, has been selected by Houston, Texa -- NationalMortgageProfessional.com,NMP Media Services, 06/15/2011
Mortgage applications increased 13 percent from one week earlier, according to data from the Mortgage Bankers Association`s Weekly Mortgage Applications Survey for the week ending June 10, 2011. The M -- NationalMortgageProfessional.com,NMP Media Services, 06/15/2011
The Senate Banking Subcommittee on Financial Institutions and Consumer Protection held a hearing on Wednesday titled "Enhancing Safety and Soundness: Lessons Learned and Opportunities for Co -- NationalMortgageProfessional.com,NMP Media Services, 06/15/2011
MortgageKeeper Referral Services, the developer of a national database that connects financially strapped homeowners with qualified nonprofit and government agencies for assistance, has released its M -- DSNews.com,Admin, 06/15/2011
According to Freddie Mac's latest market outlook, over the first four months of 2011, sales of existing homes are up 5 percent from the pace of 2010 - in line with the GSE's earlier projection -- DSNews.com,Admin, 06/15/2011
A large origination and servicing outsourcer for the UK and Ireland mortgage industry launched a private-label online self-service tool for borrowers to monitor their accounts from their lender's -- NMN,Admin,New York NY 06/15/2011
It seemed like a sure bet: with the nation's banks and securities firms saddled with hundreds of billions of dollars in delinquent loans, a fortune might be made by bottom fishing for these assets -- NMN,Admin,New York NY 06/15/2011
One economist expects that there could be some temporary volatility related to and ahead of the Aug. 2 deadline to increase the U.S. debt ceiling, and mortgage market participants might want to have s -- NMN,Admin,New York NY 06/15/2011
Hilco Real Estate and Counsel RB Capital are conducting a sealed bid auction for two ground-leased airport properties. -- NMN,Admin,New York NY 06/15/2011
Albert Burney, an auction company specializing in land, commercial properties, home sites, homes and other high-end real estate, will manage three bank-ordered auctions in southeast Georgia and South -- NMN,Admin,New York NY 06/15/2011
Mountain Real Estate Capital, the equity investment arm of the Mountain Real Estate Group, has closed a joint venture for an undisclosed amount with Davidson Communities to purchase one community deve -- NMN,Admin,New York NY 06/15/2011
With its financial incentives that helps buyers close on a Fannie Mae HomePath REO property about to expire at the end of this month, the government-sponsored enterprise has extended the program throu -- NMN,Admin,New York NY 06/15/2011
A program aimed at helping distressed California homeowners avoid foreclosures has received additional assistance from mortgage servicers. -- NMN,Admin,New York NY 06/15/2011
Kinecta Federal Credit Union, Manhattan Beach, Calif., said it is one of the first credit unions to offer a low downpayment mortgage that will help borrowers buy one of the more than 1 million foreclo -- NMN,Admin,New York NY 06/15/2011
Standard & Poor's has increased its ranking of residential servicer and technology provider Reverse Mortgage Solutions from "above average" to "strong." -- NMN,Admin,New York NY 06/15/2011
Reverse mortgage lenders' leading challenge is to convince the public that the product "is as good as it actually is," declared the top executive of Generation Mortgage, Atlanta. -- NMN,Admin,New York NY 06/15/2011
Mortgage application volume increased by 13% for the week ended June 10, as those borrowers who can refinance are coming into the market, according to the Mortgage Bankers Association. -- NMN,Admin,New York NY 06/15/2011
A correspondent lender for the first time will be offering the HarmonyLoan, a mortgage that give borrowers the option to adjust their rate downward or extend the fixed-rate portion of their home finan -- NMN,Admin,New York NY 06/15/2011
In a new letter, ten Senate Democrats have asked the Comptroller of the Currency to "consider" servicing standards favored by the state attorneys general as a way to ease foreclosure condition -- NMN,Admin,New York NY 06/15/2011
A New York state appeals court overturned a ruling in favor of the Mortgage Electronic Registration Systems, finding Bank of New York did not have standing to initiate a foreclosure. -- NMN,Admin,New York NY 06/15/2011
Apple REIT Seven Inc., a non-exchange traded real estate investment trust, is calling on its shareholders to reject a tender offer by MacKenzie Patterson Fuller LP to purchase five million shares of i -- NMN,Admin,New York NY 06/15/2011
-- Fannie,Admin,Washington DC 06/15/2011
Indiana has enacted a new foreclosure law surrounding the state's pre-judgment mediation program, outlining changes related to borrower notification and loss mitigation documentation. Senate Bill -- DSNews.com,Admin, 06/15/2011
As the Baby Boom generation begins to reach retirement age, Reverse Mortgages should become an important part of any Mortgage Company's product offerings. As the number of non-FHA approved third p -- Dataman Group Direct,Dale Filhaber,Boca Raton FL 06/15/2011
Home purchases have picked up the past few weeks in Phoenix and Las Vegas, a sign that some of the hardest-hit housing markets may have hit bottom. -- NMN,Admin,New York NY 06/15/2011
The man considered by many to be President Obama's eventual choice to run the new Consumer Protection Finance Bureau promised that the agency will be "thoughtful" when it officially opens -- NMN,Admin,New York NY 06/15/2011
Mortgage bankers funded $11.3 billion of interest-only loans in the first quarter, a 60% gain from the same period a year earlier, according to figures compiled by National Mortgage News and the Quart -- NMN,Admin,New York NY 06/15/2011
Foreclosures are claiming a smaller share of the Phoenix sales market. The ratio has dropped for three straight months, according to a new report from the W. P. Carey School of Business at Arizona Sta -- DSNews.com,Admin, 06/15/2011
Gerner & Kearns, Co., L.P.A. appointed Daniel Aaron Cox as senior associate and director of legal operations. Cox will oversee the firm's entire legal operations with a focus on the default servic -- DSNews.com,Admin, 06/15/2011
BETHPAGE, NY, June 15, 2011 /24-7PressRelease/ -- CEOs and presidents are paid to set strategy and company vision. But how many people are really listening? Company leaders often create press releases -- 24/7 Press Release Newswire,24/7 Media,BETHPAGE NY 06/15/2011
June 15, 2011 /24-7PressRelease/ -- In the current economic downturn, many people are considering bankruptcy as a way to manage overwhelming debt. With the stress of financial difficulties straining r -- 24/7 Press Release Newswire,24/7 Media, 06/15/2011
June 15, 2011 /24-7PressRelease/ -- As the economy continues to recover, many Americans are still mired in debt. To get themselves through the recent recession, people often relied on credit cards and -- 24/7 Press Release Newswire,24/7 Media, 06/15/2011
June 15, 2011 /24-7PressRelease/ -- Although nobody likes to think about it, as the old sayings go, we "all have to go sometime" and we "can`t take it with us when we go." For thos -- 24/7 Press Release Newswire,24/7 Media, 06/15/2011
WALNUT CREEK, CA, June 15, 2011 /24-7PressRelease/ -- Vitucci & Associates, Bay Area financial advisors, have named Administrative Manager Pam Hirschfeld and Registered Representative Robin Prosse -- 24/7 Press Release Newswire,24/7 Media, 06/15/2011
BOISE, ID, June 15, 2011 /24-7PressRelease/ -- In a company announcement, Pets Best Insurance CEO Greg McDonald wrote he was happy to introduce Middleton in his new role at the pet insurance company. -- 24/7 Press Release Newswire,, 06/15/2011
Third-party investors are reselling foreclosure properties they've scooped up at auction at a rapid pace in states along the country's Western seaboard. In fact, they're moving distressed -- DSNews.com,Admin, 06/15/2011
A dozen U.S. senators are pooling their influence to persuade federal regulators to work with state attorneys general and other federal agencies to "fix the broken foreclosure process," as the -- DSNews.com,Admin, 06/15/2011
Wells Fargo and Co. is forming an alliance with the U.S. Conference of Mayors to prevent foreclosures and disposal of distressed real estate in local communities nationwide. -- NMN,Admin,New York NY 06/14/2011
Radian Guaranty Inc. said it will accept Fannie Mae Desktop Underwriter Approve/Eligible and Freddie Mac Loan Prospector Accept/Eligible loans for mortgage insurance without the need for a separate un -- NMN,Admin,New York NY 06/14/2011
JPMorgan Chase has dismissed David Lowman, who ran the bank's mortgage operations for four years. Lowman joined JPMorgan in 2006 from Citigroup as chief executive officer of the bank's Global -- DSNews.com,Admin, 06/14/2011
Two well-known mortgage technologists have taken on new positions—Christos Bettios, formerly a senior product manager overseeing paperless mortgage initiatives at Fannie Mae and Greg Alvord, an a -- NMN,Admin,New York NY 06/14/2011
The Georgia Department of Banking and Finance this week filed a cease and desist order against DBD Results LLC, Scottsdale Ariz., prohibiting the firm from conducting business within the state. -- NMN,Admin,New York NY 06/14/2011
MountainView Servicing Group is brokering a $188 million package of Government National Mortgage Association servicing rights for an undisclosed seller. -- NMN,Admin,New York NY 06/14/2011
Recent operational risk downgrades of various mega-servicers of securitized residential mortgage loans by Fitch Ratings indicate the agency is staying true to its resolution to start a new era in mort -- NMN,Admin,New York NY 06/14/2011
REITs certainly don't have the presence in the residential mortgage market they did before the downturn but according to a Keefe, Bruyette & Woods report last week, there are still a good 15 p -- NMN,Admin,New York NY 06/14/2011
There is a lot of crossover between sales and sports, especially when it comes to the concepts of teamwork and winning. There are those who are calling the Miami Heat loss in six games to the Dallas M -- NMN,Admin,New York NY 06/14/2011
RealEC has rolled out a service that offers lenders the ability to push quality control from the closing table earlier in the process, with loan-level reviews during the origination process. -- NMN,Admin,New York NY 06/14/2011
Roughly 71% of voters support the mortgage interest deduction, and most of those also back tax breaks for HELOCs and second homes, according to a new study from the National Association of Home Builde -- NMN,Admin,New York NY 06/14/2011
Citigroup Inc., New York, said Tuesday it has reduced its 11.4% stake in Housing Development Finance Corp. Ltd., Mumbai, India, by 1.5% to a 9.9% beneficial interest. -- NMN,Admin,New York NY 06/14/2011
Dave Lowman, chief executive of JPMorgan Chase's residential mortgage unit for almost five years, is stepping down, according to a statement issued by the company. -- NMN,Admin,New York NY 06/14/2011
WASHINGTON—Federal regulators may have to take a different approach in drafting a securitization rule after stumbling in their first effort to define which mortgages are safe enough to exempt fro -- NMN,Admin,New York NY 06/14/2011
-- Fannie,Admin,Washington DC 06/14/2011
BankAtlantic has announced the appointment of Russell L. Burdsall to senior vice president of BankAtlantic Mortgage Services. In his new role, Burdsall will develop and implement strategies to increas -- NationalMortgageProfessional.com,NMP Media Services, 06/14/2011
The Mortgage Bankers Association (MBA) has announced the nomination of E.J. Burke, EVP and group head of KeyBank Real Estate Capital and Corporate Banking Services, to be its Vice Chair-Elect. Burke w -- NationalMortgageProfessional.com,NMP Media Services, 06/14/2011
Ruling in favor of Avelo Mortgage, the Second Appellate District of the California Court of Appeals declared Mortgage Electronic Registration Systems, Inc., (MERS) a proper beneficiary on the deed of -- DSNews.com,Admin, 06/14/2011
CitiMortgage and the North Texas Housing Coalition, a non-profit organization dedicated to improving and increasing affordable, working class housing in North Texas, are hosting a free homeowner assis -- DSNews.com,Admin, 06/14/2011
Fannie Mae announced Tuesday that it is beefing up incentives to encourage sales of its HomePath REO properties to owner occupants.
Selling agents representing an owner occupant buyer will get a $ -- DSNews.com,Admin, 06/14/2011
According to Sperlonga Data and Analytics, unpaid homeowners association (HOA) fees are a clear sign of potential mortgage default. Sperlonga has launched a new service, Loss Mitigation Association Su -- DSNews.com,Admin, 06/14/2011
While a majority of home owners see good value in borrowing against the equity they have in their homes, a new survey found that they also tend to believe the step should be taken only in case of an e -- NMN,Admin,New York NY 06/14/2011
The housing market won't begin to stabilize for at least two more years, the executive in charge of consumer and home equity lending initiatives at Lender Processing Services said at an industry c -- NMN,Admin,New York NY 06/14/2011
The Consumer Financial Protection Bureau has hired Christopher C. Haspel away from the Government National Mortgage Association, giving him a top slot at the new agency, according to officials familia -- NMN,Admin,New York NY 06/14/2011
A top regional official from the investigative arm of HUD said Bank of America "significantly hindered" a federal investigation of the megaservicer's foreclosure practices, according to a -- NMN,Admin,New York NY 06/14/2011
-- Fannie,Admin,Washington DC 06/14/2011
NICOSIA, CYPRUS, June 14, 2011 /24-7PressRelease/ -- MedWOW.com, the global, multilingual online marketplace for medical equipment, announces the addition of an upgraded Escrow service. MedWOW`s affil -- 24/7 Press Release Newswire,24/7 Media, 06/14/2011
LONDON, ENGLAND, June 14, 2011 /24-7PressRelease/ -- Santander has today launched a number of highly competitive new Santander mortgages to support borrowers. It has also reduced rates again on a sele -- 24/7 Press Release Newswire,24/7 Media, 06/14/2011
BIRKIRKARA, MALTA, June 14, 2011 /24-7PressRelease/ -- With over 25 years` experience within the offshore industry, Nigel primarily advises IFAs on taxation, trusts and financial planning matters, fro -- 24/7 Press Release Newswire,24/7 Media, 06/14/2011
The nation's Capitol city stands out as the "shining star" in nearly every market report that crosses the wire. Washington, D.C. has consistently resisted home price declines. Sales activi -- DSNews.com,Admin, 06/14/2011
Regulators have extended the deadline for the top 14 mortgage servicers to submit action plans required under consent orders issued in April. -- NMN,Admin,New York NY 06/13/2011
Lender Processing Services Inc. (LPS) has announced that Joe Jacquot, who served from 2007-2011 as Deputy Attorney General of Florida and Chief of Staff for Attorney General Bill McCollum, will be LPS -- NationalMortgageProfessional.com,NMP Media Services, 06/13/2011
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