New Jersey mortgage industry appointments update - 09/07/2006

National Mortgage Professional

Sep 07, 2006

United Bank wholesale operations merge with ANB FinancialMortgagePress.comConstruction lending, United Bank, ANB Financial United Bank's wholesale mortgage operations have officially merged with ANB Financial NA. New and expanded services now offered by ANB include construction lending, bridge loans and financing insured by the Small Business Administration. ANB Financial NA is a bank based in Bentonville, Ark. For more information, call (479) 271-2800 or visit www.anbfinancial.com.

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Sep 07, 2006

Reverse

Reverse Mortgage Funding Files Chapter 11 Bankruptcy

Filing for protection from creditors comes just a day after company laid off 400 employees.

A day after laying off 80% of its staff — about 400 people — Reverse Mortgage Funding LLC filed for protection from creditors in federal bankruptcy court. The Bloomfield, N.J.-based reverse mortgage lender on Wednesday filed a petition for Chapter 11 bankruptcy in U.S. Bank...

Regulation and Compliance

MBA Offers Suggestions For Improving Refis, Forbearance

Responds to CFPB's request for information published in September.

Prioritize reforms that will lower loan manufacturing costs, including a review of regulations that add to those costs that may have “unclear consumer benefits.” That’s just one of the suggestions contained in a 22-page letter filed Monday by the Mortgage Bankers Associatio...