NAMB Enterprises, a wholly-owned subsidiary of the National Association of Mortgage Brokers (NAMB), has partnered with Olde City Lending Solutions to offer mortgage broker appraisal ordering service for Federal Housing Administration (FHA) loans under the guidelines recently issued by FHA. Olde City Lending Solutions and NAMB have been working diligently to put the new system into production. NAMB is eager about this promising partnership that will undoubtedly save consumers millions of dollars on their home appraisals.Read more

After a rising surge from September through November, existing-home sales fell as expected in December after first-time homebuyers rushed to complete sales before the original November deadline for the tax credit.Read more

There is no doubt that the housing industry would have led us into a depression had the government not intervened with strong action during the past 12 months. Many are complaining that the government spent too much money and we will be paying for generations to come. However, not many in the mortgage industry are complaining about the programs that specifically help the housing and mortgage markets. Just as I am sure that not many in the auto industry complained about the Cash for Clunkers Program.Read more

The following statement was released today by Jeffery Markowitz, vice president of government and industry relations, Freddie Mac in support of the Columbus, Ohio launch of the “Loan Modification Scam Alert” campaign by a coalition of federal agencies, non-profit organizations, and Freddie Mac: “Loan modification fraud is nothing less than a pre-meditated attack on our communities and the housing recovery.Read more