News Flash

NAMB announces 2009–2010 board as Jim Pair becomes president
The National Association of Mortgage Brokers (NAMB) has announced its Board of Directors for 2009–2010 at its 2009 Mid-Year Meeting on Saturday, June 27, in San Antonio, Texas. NAMB is the voice of the mortgage broker industry,... Read more
CWCapital acquires Sierra Capital Partners
CWCapital, a full-service national lender to the multifamily and healthcare real estate industries, has announced it is expanding its national multifamily lending platform via the acquisition of the origination and servicing assets of... Read more
Lenders One member doubles as newest preferred investor
Lenders One Mortgage Cooperative, a national alliance of mortgage bankers, announced that one of its own members will become the cooperative’s newest preferred investor. Wintrust Mortgage Corporation, part of the Illinois-based holding... Read more
Chase approves 138,000 trial modifications in the last three months
Chase has announced that it has approved 138,000 trial mortgage modifications for struggling homeowners since April 6, when it began processing trial modifications through President Obama’s Making Home Affordable program. Since 2007, Chase... Read more
Prommis Solutions and Radian partner on loss mitigation program
Prommis Solutions, a nationwide Business Process Outsourcing (BPO) provider of default processing services for law firms and trustees, and loss mitigation fulfillment services to mortgage servicers, investors and insurers, announced its... Read more
FDIC issues list of banks examined for CRA compliance
The Federal Deposit Insurance Corporation (FDIC) has issued its list of state non-member banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to... Read more
Residential Finance Corporation wins prestigious Stevie Award
Residential Finance Corporation (RFC), a nationwide mortgage lender specializing in refinance loans, won the Stevie Award for Sales Department of the Year in The 2009 American Business Awards. To win, RFC beat nine other Stevie Award... Read more
Lender Processing Services announces formation of LPS Real Estate Group
Lender Processing Services Inc., a provider of integrated technology and services to the mortgage and real estate industries, has announced the formation of the LPS Real Estate Group. The new division was created as a result of the... Read more
Wolters Kluwer Financial Services launches Loss Mitigation Resource Center
To help U.S. mortgage investors and servicers halt a skyrocketing number of foreclosures, Wolters Kluwer Financial Services has launched the company’s Loss Mitigation Resource Center. The comprehensive online portal serves as a gateway for... Read more
Appraisal Institute hires Chitester as director of communications
The Appraisal Institute, the nation’s largest association of real estate appraisers, has announced the hiring of former White House aide Ken Chitester as director of communications. A communications aide in the Clinton White House,... Read more