National industry appointments update - 07/27/2006

National Mortgage Professional

Jul 31, 2006

LendingGear launches broker/lender auction portalMortgagePress.comMortgage auction portal LendingGear Network LLC has introduced its broker/lender mortgage auction portal, available at its Web site, www.lendinggear.com. Through a simple Web-based form, registered brokers can post thorough listings of residential or commercial mortgages they desire to place with lenders. Registered account executives and lenders can then search for compatible loans and place bids for loans they wish to fund. With customized search settings saved within the account executives' profiles, automatic notifications of matching listings are sent to their e-mail inboxes with corresponding links that allow them to more easily navigate the site and bid on loans. Wayne, Pa.-based LendingGear Network LLC is a privately held company that operates a broker/lender mortgage auction portal and provides other mortgage-related information and services on its Web site. For more information, call (610) 871-5309 or visit www.lendinggear.com.

Link copied

Published

Jul 31, 2006

Analysis and Data

Over One-Third Of Americans Wants A Housing Crash

LendingTree study finds 44% of consumers believe a housing crash is coming in 2024

According to the latest LendingTree survey of over 2,000 U.S. consumers, 44% of Americans think the market is at risk of a housing crash in the next year. And with some non-homeowners believing a crash is the only way they could afford a home, it may not seem surprising that...

Analysis and Data

Housing Payments On A 5-Week Decline

Redfin's study shows monthly mortgage payments dropping $164 from peak.

A five-week decline in mortgage rates has led to a corresponding decline in housing payments, according to a new report from Redfin, the technology-powered real estate brokerage. The typical U.S. homebuyer’s monthly mortgage payment was $2,575 during the four weeks ending No...