Orange County, Calif.-based LRES has announced the release of a free white paper titled “Effective Communication with Lenders to Alleviate Problems Caused by Appraisal Shortages.”   According to the company, the white paper addresses how a lender’s relationship with real estate service providers... Keep Reading....
Of the $1.4 trillion balance of outstanding commercial/multifamily mortgages held by non-bank investors, only 11 percent of the total ($155 billion) will mature in 2011, and nine percent ($125 billion) in 2012 according to the Mortgage Bankers Association's (MBA) 2010 Commercial Real Estate/... more
The Community Associations Institute (CAI), advocate of more than 300,000 U.S. community and condominium associations is praising the Federal Housing Finance Administration (FHFA) for revising a proposed regulation that could have prevented potential homebuyers from securing mortgages for as many... more
LeaderOne Financial, a Kansas City area-based mortgage banker with offices in several regions of the country, has experienced strong growth even though the Mortgage Bankers Association (MBA) expects the mortgage market to dive 36 percent in 2011, from $1.5 trillion in 2010 to an expected $996... more
Bank of America Home Loans has announced that it will exit the reverse mortgage origination business and move the unit’s operational resources into other critical areas serving customers. Bank of America Home Loans will continue to serve the needs of existing reverse mortgage customers and those... more