NAMB West postponed until fall '07

Jun 08, 2006

SMR Financial introduces recession survival kitMortgagePress.comLuxury mortgage lending, SMR Financial Services In the face of rising interest rates, large-scale layoffs and a weak stock market, which it asserts are signs of an inevitable mortgage recession, SMR Financial Services has introduced the Mortgage Recession Survival Kit, a step-by-step program designed to help loan originators and brokers tap the "recession-proof" luxury home market. "The Mortgage Recession Survival can give you the tools you'll need to not only survive the mortgage recession, but learn how to earn commissions of more than $20,00 per deal in just seven days after putting the system to work," said Sean Reynolds, president of SMR Financial Services. SMR Financial Services is a luxury home lender based in San Clemente, Calif. For more information, call (800) 766-0665 or visit www.smrfinancial.com.

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Jun 08, 2006

Tech

ServiceLink Enhances Its Digital Closing Solution

EXOS Close allows lenders and borrowers to choose ‘when, where, and how’ they close

Digital mortgage services provider, ServiceLink, announced enhancements to its EXOS Close technology designed to provide more flexibility for lenders and borrowers using the technology to schedule their closings. Enhancements include new options for online and in-branch c...

Analysis and Data

Moody’s Downgrades Fannie And Freddie Following U.S. Sovereign Credit Cut

Outlooks for both GSEs revised from negative to stable

Moody’s has downgraded the long-term senior unsecured debt ratings of Fannie Mae and Freddie Mac to Aa1 from Aaa, following its May 16 downgrade of the U.S. government. The outlooks for both agencies were revised from negative to stable, signaling no immediate expectation of...