On June 30, 2010, Fannie Mae issued additional guidance on appraisal-related policies, along...Read More
Michigan Attorney General Mike Cox has announced the filing of 19 criminal complaints and a total of 69 charges against illegal advanced fee "foreclosure rescue" operations accused of defrauding Michigan families of thousands of dollars. Nine Michigan mortgage companies are accused of...Read More
The June Mortgage Monitor report released by Lender Processing Services Inc. (LPS) shows that overall foreclosure starts and foreclosure inventories have remained relatively stable; however, foreclosure starts for loans owned by the government-sponsored enterprises (GSEs) are at an all-time...Read More
David B. Fein, United States for the District of Connecticut, has announced that John Jackson of Middletown, Conn. has pleaded guilty before United States District Judge Christopher F. Droney in Hartford, Conn. to a one count of conspiring to commit wire fraud stemming from a mortgage fraud...Read More
Home Assure LLC, a company that deceived consumers with promises it could save their homes from foreclosure, will pay $2.4 million to victims as part of a settlement with the Federal Trade Commission (FTC). The case is part of the FTC's continuing crackdown on scams that prey on financially...Read More
Testifying before Congress, Mortgage Insurance Companies of America (MICA) pledged to play a critical role in the future of housing finance by continuing to enable first-time and lower income families to purchase homes safely and soundly. Testifying on behalf of MICA was Patrick Sinks,...Read More
In an age where the act of being “social” actually does happen in the comfort of your own home, office or car, the opportunity for business growth is increasingly more obtainable. Today, more than ever, the sales and marketing field has a real opportunity to take public relations to...Read More
During the 1996 Summer Olympics, I saw a young athlete with his brand new silver medal around his neck and a massive smile on his face. He was so thrilled with his achievement that he was mixing and mingling with everyone he met on the sidewalk. Perfect strangers were shaking his hand, slapping...Read More
Last month, we talked about the Fed pulling the plug and pondered what would happen with regard to the markets. Of course, predictions about the future are all but impossible in any market. However, we were quite comfortable letting everyone know to be prepared for a higher level of volatility....Read More
Seventeen years ago, I became the president of my community association. It was a lively organization with scores of activist members who were busy gentrifying an inner city neighborhood. One of my responsibilities was to deliver a monthly speech and conduct a formal meeting with a loud and...Read More
One of the best ways to use social media is to add value to your target audience in a classy, non-threatening way. Endless status updates about miniscule details of your life or sending out mass invites to non-first-time homebuyers about your first-time homebuyer workshops is not classy. In fact...Read More
Mortgage Builder Software, a provider of loan origination software (LOS) technology, has announced its strategic alliance with Cenlar FSB, a subservicer of mortgage loans. Mortgage Builder has integrated with Cenlar to provide a seamless process for boarding closed mortgage loans from its LOS...Read More
Flagstar Bancorp Inc., the holding company for Flagstar Bank FSB, has reported a second quarter 2010 net loss applicable to common stockholders of $(97.0) million, or $(0.63) per share (diluted) based on average shares outstanding of 153,298,000, as compared to a net loss of $(81.9) million, or...Read More
Mortgage Builder Software, a provider of loan origination software (LOS) technology, has completed its integration with product eligibility and pricing (PPE) technology provider, NYLX, of Mt. Arlington, N.J.
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CIT Group Inc., a provider of financing to small businesses and middle market companies, has announced that David M. Moffett has been named to CIT's board of directors effective July 27, 2010. He will serve as a member of CIT's Audit Committee. Moffett is the former chief executive officer...Read More
PHH Mortgage Corporation, a subsidiary of PHH Corporation, and Ellie Mae, the enterprise mortgage origination technology provider, have jointly announced that PHH Mortgage has been added as a lender to Ellie Mae’s Encompass360 Select program, which is exclusively accessed by preferred...Read More
InHouse Inc., a provider of appraisal solutions for banks, lenders and other mortgage originators, announces that eTEC, a leading appraisal management company (AMC), has added a private-labeled version of InHouse’s Connexions technology to its product and service offerings. Connexions...Read More
Interthinx has announced the launch of Interthinx Review Appraisal Services for the residential mortgage market. Interthinx has combined its experienced appraisal team with the technical prowess of the Appraisal.com platform developed by ACI, a leading provider of technology solutions for the...Read More
Equi-Trax Asset Solutions LP, a national collateral valuation provider offering broker price opinions (BPOs) and a line of hybrid valuation products delivered under a meticulous quality control process to bridge the gap between BPOs and full appraisals, has unveiled Equi-Trax University—...Read More
Mortgage News Ticker
Headlines and Blogs from Around the Web
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New York Fed: Toxic assets from AIG gaining value
The Washington Post
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Don't Count on Housing to Lead the U.S. Recovery
Seeking Alpha
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Americans buy iPads while broke in new abnormal economy
Bloomberg
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Housing policy must be set on sustainable basis
The Washington Post
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Narula's metacapital sees risk in mortgage bonds after 28% gain in fund
Bloomberg
The June Mortgage Monitor report released by Lender Processing Services Inc. (LPS) shows that...Read More
RealtyTrac, an online marketplace for foreclosure properties, today released its U.S....Read More
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