Fannie Mae changes minimum servicing fee for ARM loans

Jun 21, 2006

MILA launches prime product lineMortgagePress.comMILA, mortgage insurance, e-commerce MILA Inc. has released the first two products in its suite of prime loan offerings - Mortgage insurance and Impounds. More are expected to follow over the course of the summer. "Mortgage insurance and Impounds bring about a new chapter in MILA's history," said founder and CEO Layne Sapp. "It makes us the only lender capable of delivering a detailed loan commitment complete with conditions for both conforming and non-conforming loans in a single lending platform." MILA Inc. is an e-commerce mortgage solutions provider based in Mountlake Terrace, Wash. For more information, call (800) 332-6452 or visit www.mila.com.

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Jun 21, 2006

Courts

Six Mortgage Brokerages Sued Over Alleged Kickback Scheme

Pennsylvania AG claims up to $1M swapped hands between agents and brokers

A cautionary tale for mortgage brokers arrived this week from Allentown, Pa., after state prosecutor and former Pa. Attorney General, Michelle Henry, filed a lawsuit against six mortgage brokerages that operate in the area, and their manager, Barry Newhart, concerning an all...

Analysis and Data

Existing-Home Sales See Quickest Climb Since Last February

Median home prices remain at record high, sales near-30-year low

Despite high prices and mortgage rates, existing-home sales in the last three months of 2024 “showed solid recovery,” according to the National Association of Realtors (NAR). Sales grew by 2.2% in December from the month before to a seasonally adjusted annual rate of 4.2...