The Obama Administration has announced additional enhancements to the Making Home Affordable...Read More
Flagstar Bancorp Inc., the holding company for Flagstar Bank FSB, has reported earnings of over over $337 million in 2011, while reducing its yearly net loss by 58 percent from 2010. Leading the charge is Flagstar's mortgage banking operations, reporting strong revenues in the fourth...Read More
Illinois Attorney General Lisa Madigan has filed a lawsuit against Standard & Poor's (S&P) for its fraudulent role in assigning its highest ratings to risky mortgage-backed securities (MBS) in the years leading up to the housing market crash. Madigan filed her suit in Cook...Read More
The December Mortgage Monitor Report released by Lender Processing Services Inc. (LPS) shows that mortgage originations continued their decline from 2011's September peak, down 10.1 percent from the month before. At the same time, those loans originated over the last two years have proven to be...Read More
RealtyTrac has released its Third Quarter 2011 U.S. Foreclosure Sales Report, which shows that sales of homes that were in some stage of foreclosure or real estate-owned (REO) properties accounted for 20 percent of all U.S.
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The Federal Housing Finance Agency (FHFA) has reported that the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders, used as an index in some adjustable-rate mortgage (ARM) contracts, was 4.15 percent in December, based on loans closed...Read More
Lending managers today need to be everywhere at once. They are accountable for helping to ramp up lending volume while ensuring that stringent risk oversight and review controls are in place. This dichotomy can be seemingly daunting for organizations that have yet to embrace the power of the...Read More
In this current tight economy, you're probably looking for business anywhere you can. It might make more sense to look for underserved market segments and become their expert. A group that has been overlooked and is begging for help is our U.S. Armed Forces.
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Over the last year, the mortgage industry has gone through numerous changes, most notably compensation reform. Now that the dust has begun to settle, it is time to plan a growth strategy for next year. Building an origination team and using the right tools can have a positive impact on your...Read More
The age-long question of, “the best way to gain and keep relationships with real estate agents” is becoming more obvious … you must give them business to get their business. Of course it isn’t as simple as it sounds. It takes strategic planning, research and the right...Read More
If you are a good loan officer, you are already getting ready for 2012. Many are asking, what will next year bring to the industry? My advice will be the same as it is in most years … be prepared. Of course, you might ask me, “Be prepared for what?” The answer is—be...Read More
TMS Funding has announced the hiring of Domenic Melillo as vice president of wholesale lending. Mr. Melillo joins TMS Funding with over 30 years of success in mortgage sales management, operations, strategic development, marketing, risk management, and secondary marketing management. In this...Read More
Kinecta Federal Credit Union has announced the hiring of Scott Houp as director, national correspondent wholesale loan production. Reporting directly to Kinecta Senior Vice President, Chief Credit Officer Brian Robinett, Houp will be responsible for overall residential mortgage loan sales...Read More
Real Estate Mortgage Network Inc. (REMN) has announced the opening of its newest retail location in Burlington, Vt. REMN’s new Burlington office will be overseen by Matt Hemphill, area manager, a New England native who joins the company with more than 20 years of industry experience....Read More
David H. Stevens, president and chief executive officer of the Mortgage Bankers Association (MBA), has announced the appointment of Peter Grace as the MBA's new vice president of strategic planning and internal technology. Grace will facilitate the implementation of strategic initiatives...Read More
DataQuick has announced the release of RiskFinder Distress, a tool that provides investors, lenders and servicers with the ability to search and analyze the risk levels of distressed properties nationwide. RiskFinder Distress enables users to track and analyze key distress events throughout...Read More
Convenience stores represent a complex and fascinating retail channel that has responded to the economic challenges of the last decade by embracing new ideas, according to a new book by the Appraisal Institute. The second edition of “Convenience Stores and Retail Fuel Properties:...Read More
LendingQB has announced the availability of mobile app companions to their cloud-based, end-to-end loan origination system. The LendingQB apps are designed to enhance the loan closing process by keeping loan officers in constant contact with their loan origination system. “Mobile...Read More
Zillow has announced the launch of Neighborhood Advice on Zillow.com, a social home-shopping experience that helps buyers and renters learn about neighborhoods from their Facebook friends. While shopping on Zillow, users are prompted to activate Facebook Connect and then see locally where...Read More
Mortgage News Ticker
Headlines and Blogs from Around the Web
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Justice Department's Holder and Breuer Ties to Big Banks Revealed
Reuters
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The Push For Fannie and Freddie Principal Reduction
The Hill
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Two Republican Senators Make Statements on Keeping Fannie and Freddie Out of a 'Turnaround Plan'
Reuters
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Treasury Banks $77 Billion in Profits from Fed's Interest Payments on MBS
The New York Times
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MetLife Says Good-Bye to Forward Mortgages
MortgageDaily.com (Paid Subscription)
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Unintended Consequence: Could the GSE's Ratings Get Cut Due to Extension of Payroll Tax Cut?
Bloomberg
The Obama Administration has announced additional enhancements to the Making Home Affordable...Read More
CampusMBA, the education division of the Mortgage Bankers Association (MBA), has announced it...Read More
Illinois Attorney General Lisa Madigan has filed a lawsuit against Standard & Poor's (S&...Read More
The Obama Administration has announced additional enhancements to the Making Home Affordable...Read More
Flagstar Bancorp Inc., the holding company for Flagstar Bank FSB, has reported earnings of over...Read More
Lending managers today need to be everywhere at once. They are accountable for helping to ramp...Read More
The Obama Administration has announced additional enhancements to the Making Home Affordable...Read More
The Obama Administration has announced additional enhancements to the Making Home Affordable...Read More
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