The Pulse

Lend America to launch wholesale mortgage lending platform
Lend America, a leading next generation FHA lender, announced that it is entering the wholesale residential mortgage lending business by launching Lend America Wholesale, to compliment its successful nationwide retail lending platform, and... Read more
RI Sen. Reed introduces Preserving Homes and Communities Act of 2009
In an effort to curb record-high foreclosure rates across the country and stabilize the housing market, U.S. Sen. Jack Reed has introduced legislation that will help keep families in their homes and prevent communities from deteriorating... Read more
Rep. Bachus delivers testimony during CFPA hearing
Congressman Spencer Bachus, the top Republican on the Financial Services Committee, made the following statement today during the Full Committee hearing entitled, Perspectives on the Consumer Financial Protection Agency: “Before I start my... Read more
OCC and OTS release Mortgage Metrics Report for Q2 '09
Actions to keep Americans in their homes grew by almost 22 percent during the second quarter of 2009, according to a report released today by the Office of the Comptroller of the Currency (OCC) and the Office of Thrift Supervision (OTS). ... Read more
MBA submits CFPA testimony
The Mortgage Bankers Association (MBA) has submitted testimony to the House Financial Services Committee for its hearing titled, "Perspectives on the Consumer Financial Protection Agency." In its statement, MBA endorses an approach to... Read more
Mortgage applications decrease in latest MBA Weekly Survey
The Mortgage Bankers Association (MBA) has released its Weekly Mortgage Applications Survey for the week ending Sept. 25, 2009. The Market Composite Index, a measure of mortgage loan application volume, decreased 2.8 percent on a... Read more
New sub-prime research highlights need for enterprise risk management
Focusing on implications from the sub-prime mortgage crisis and approaches to address future crises, actuaries in the U.S. have expressed the need for enterprise-wide risk management approaches through business practices and regulatory... Read more
Fiserv-sponsored survey shows how institutions can assist consumers with finance management
Fiserv Inc., a provider of financial services technology solutions, has announced survey results revealing how consumers' financial activities have been impacted by the prolonged recession, and how financial institutions can help them gain... Read more
NAMB to host Emergency State of the Union Webinar on October 1st
The National Association of Mortgage Brokers will host a Webinar titled, "Emergency State of the Union: Live Q & A With NAMB President Jim Pair" on Thursday, Oct. 1 from noon-1:00 p.m. (EDT). The mortgage industry is facing huge... Read more
NAHB survey: Credit concerns threaten housing recovery
Nearly two-thirds of single-family home builders are reporting a severe lack of credit for housing production, threatening the fragile housing recovery before it has time to take hold, according to a new builder survey of acquisition,... Read more