Marc Reneau is first vice president and mortgage operations manager at First State Bank in Clinton Township, Mich., and immediate past president of the Michigan Mortgage Lenders Association (MMLA). National Mortgage Professional Magazine spoke with him regarding his work with his state’s trade... Keep Reading....
The Arizona State Senate has passed SB 1259, a bill regarding foreclosures and proof of ownership, that would require lenders in the state of Arizona to prove they have the right to foreclose by providing a complete list of any previous owners of the mortgage note. According to the verbiage in the... more
The Federal Deposit Insurance Corporation's (FDIC's) Advisory Committee on Economic Inclusion (ComE-IN) will meet on March 2 to discuss the principles for low- and moderate-income (LMI) mortgage lending, and supporting financial education. Committee members will discuss responsible ways to restore... more
Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), which shows a drop in long-term fixed rates this week, as the 30-year fixed-rate mortgage (FRM) averaged 4.95 percent with an average 0.6 point for the week ending Feb. 24, 2011, down from last week when it averaged... more
Titan Lenders Corporation (TLC), a U.S.-based domestic mortgage fulfillment outsource operation, and Grid Financial Services Inc. (Grid Financial), a U.S.-based domestic business process outsource provider for loan processing, underwriting, and default services, have created a full-service best... more