HUD revives RESPA reform

National Mortgage Professional

May 18, 2005

Entyre archives closing packages for customers MortgagePress.comEntyre, data vaulting services, web-based mortgage closing solutions Entyre has begun to offer data vaulting services to their customers. Entyre's new data vaulting services provide customers with the ability to retrieve, for up to seven years, a complete electronically archived copy of any (or all) of their mortgage closing packages. Based in Ann Arbor, Mich., Entyre provides Web-based mortgage closing solutions. For more information, call (734) 761-1987 or visit www.entyre.com.

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May 18, 2005

Analysis and Data

Mortgage Rates Fall For 3rd Straight Week

The 30-year mortgage dropped to 6.32%, lowest since mid-February.

Amid continued economic unrest, mortgage rates fell for the third consecutive week this week, Freddie Mac said Thursday. According to the government-sponsored enterprise’s Primary Mortgage Market Survey (PMMS), the 30-year, fixed-rate mortgage (FRM) averaged 6.32%, down 10 ...

Regulation and Compliance

Chopra: Nonbanks, Mortgage Servicers May Also Pose Systemic Risk

CFPB director tells Consumer Bankers Association conference such a failure could lead to 'chaos.'

What happens if a nonbank lender or large mortgage servicer fails? That’s a question that recently has been keeping Consumer Financial Protection Bureau Director Rohit Chopra awake at night. "A major disruption or failure of a large mortgage servicer really gives me a night...