Mississippi industry appointments update - 07/06/2006

Jul 09, 2006

Secured Funding relocates wholesale divisionMortgagePress.comWholesale mortgage lenders, Secured Funding Secured Funding has relocated its wholesale division in response to the record growth the company has realized over the past year. Secured Funding more than doubled its wholesale production and added 861 brokers to its network in the first quarter of 2006, during which it originated approximately $450 million in loans - a 90 percent increase from the first quarter of 2005. Secured Funding's new wholesale office is located at 1901 Alton Parkway in Santa Ana, Calif. and occupies 35,000 square feet. Costa Mesa, Calif.-based Secured Funding is a full-service retail and wholesale lender specializing in second mortgages. For more information, call (800) 564-5519 or visit www.securedfunding.com.

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Jul 09, 2006

Courts

NEXA's Drawn-Out Legal Battle With Smart Mortgage Centers Gets Dismissed

Lawsuit over alleged "stolen" client information gets dismissed due to a lack of evidence

NEXA Mortgage LLC and Secured Mortgage Processing (SMP), scored a major victory yesterday, Sept. 19, in the companies' drawn-out legal battle with Smart Mortgage Centers Inc. when the Twelfth Circuit Court of Illinois dismissed the case for a lack of evidence. In the ini...

Analysis and Data

Mortgage Payments See Highest Decline Since May 2020

Impact of Fed rate cut on mortgage rates not yet tangible

Housing payments made their sharpest drop in more than four years during the week leading up to the Federal Reserve’s highly anticipated rate cut. While affordability is rising, the impact of the Fed's decision on mortgage rates and the housing market has yet to pan out. ...