Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), and for...Read More
A fraud suspect might not be easy to pick out of a crowd—or from a rap sheet. The average fraud perpetrator has no prior fraud charges or convictions, according to new research by the Association of Certified Fraud Examiners (ACFE), a provider of anti-fraud training and education. The...Read More
Foreclosure Deals, an online provider of foreclosed home sale listings and information industry, has announced that foreclosures increased by four percent nationwide during July and still have fallen in the month of August. The month's total of 325,225 homes represents a 10 percent decrease from...Read More
The Office of the Comptroller of the Currency (OCC) has released its 16th Annual Survey of Credit Underwriting Practices and reported that the trend of tightening underwriting standards has continued for the last three years. However, the OCC is beginning to see some easing of standards in...Read More
Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), and for yet another week, fixed-rate mortgages reached record lows, as did the five-year adjustable rate in this survey. The 30-year fixed-rate survey began in 1971, the 15-year began in 1991, and the...Read More
Donna Demello has pleaded guilty in federal court in Oakland to conspiracy to commit wire and mail fraud for her role in a mortgage fraud scheme, United States Attorney Melinda Haag announced. At the time of the offense, Demello worked as an escrow officer at Stewart Title in Milpitas, Calif....Read More
The Florida Office of Financial Regulation (OFR) has changed its licensing requirements: Earlier this year the OFR passed a mandate that mortgage processors and underwriters must become licensed as loan originators. This requirement has been reversed, because "underwriters did not clearly...Read More
With the morning mist still on the Hudson River, and the sun just kissing the cliff tops of the New Jersey Palisade, Aaron Burr, Vice President of the United States shot and killed former Secretary of the Treasury, Alexander Hamilton. Political opponents for years, the duelists faced each other...Read More
The July 2010 Senior Loan Officer Opinion Survey on Bank Lending Practices, released by the Federal Reserve Board (FRB), addressed changes in the supply of, and demand for, bank loans to businesses and households over the past three months. The survey included a set of special questions that...Read More
From Greece to Korea to the Gulf. Does that just about cover the globe? When we talk about a “global economy,” now it has some specific meaning. In previous columns, I mused about how hard predicting the future really is. If anyone could predict the future, frankly they would be...Read More
It's doesn't take a genius to know that the wholesale channel now represents less than the inverse of what it did once control. What remaining players are left have strong business models that are relationship-based and that are not relying on rate drops and market fluctuations.
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Fidelity National Financial Inc. (FNF), a provider of title insurance, mortgage services, specialty insurance and information services, has announced the acquisition of Commerce Velocity. Commerce Velocity provides technology solutions to mortgage lenders, loan servicing organizations and...Read More
Inlanta Mortgage recently collected more than $2,300 in donations for Habitat for Humanity at its recent annual conference in Wisconsin Dells, Wis. Inlanta sponsored the dunk tank, while employees donated money to have the chance to dunk their fellow co-workers. “We always try to make our...Read More
National Mortgage Forensic Loan Auditors (NMFLA) , a firm that specializes in residential and commercial loan audit services, has recently opened its doors to homeowners and consumers allowing the public to obtain these services directly from the firm via educational products. NMFLA wants...Read More
Guaranteed Home Mortgage Company Inc., a national residential mortgage investment and banking firm, has announced the establishment of a new office in Rockefeller Plaza to anchor its New York business and provide a base of operations to vigorously pursue a retail origination platform in...Read More
Credit Plus Inc., a leader in the credit information industry since 1928, has announced that it is offering a suite of products to help lenders comply with the more stringent selling requirements that Freddie Mac announced in its Aug. 16 Bulletin 2010-19. “Making the mortgage process...Read More
OpenClose Mortgage Software, developers of Web-based, loan origination software (LOS), has released the enhanced editing version that improves the accuracy of information flow in the new Good Faith Estimate (GFE). The GFE lockdown "significantly improves" accuracy of loan documents...Read More
eLynx, a portfolio company of American Capital, has announced that it has released its new eHUD service, a component of the Electronic Closing Network (eCN), that makes it easy for lenders and closing agents to comply with Real Estate Settlement Procedures Act (RESPA) regulations governing Good...Read More
A homebuying guide published the Appraisal Institute teaches homebuyers when to buy, how to find a real estate agent, how to choose the best home on the market and more … all from the uniquely unbiased perspective of a real estate appraiser.
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Headlines and Blogs from Around the Web
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BofA Merrill sees 'growth recession' -- and another dive in interest rates
Los Angeles Times Blogs
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Could Congress Actually Accept Reduced Mortgage Origination
Reason Foundation
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Bernanke meets Buffett in new regulatory role conceived to protect markets
Bloomberg
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Banks playing 'foreclosure roulette' with delinquent homeowners
The Huffington Post
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Rating agencies walk credibility tightrope
Forbes Blogs - Exile On Wall Street
Delinquency rates were mixed in the second quarter for commercial/multifamily mortgage investor...Read More
RealtyTrac, an online marketplace for foreclosure properties, today released its U.S....Read More
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