Alabama industry appointments update - 3/2/2007

Mar 01, 2007

IndyMac enhances closing document processMortgagePress.comMortgage loan origination software IndyMac Bank FSB has released iDraw, an enhancement to the company's e-MITS loan origination system. The new system gives mortgage brokers the ability to order, view and draw their own closing documents online, eliminating the need to enter key loan terms separately and reducing the risk of human error. IndyMac Bank FSB is a savings and loan based in Pasadena, Calif. For more information, call (800) 669-2300 or visit www.indymac.com.

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Mar 01, 2007

Courts

NEXA's Drawn-Out Legal Battle With Smart Mortgage Centers Gets Dismissed

Lawsuit over alleged "stolen" client information gets dismissed due to a lack of evidence

NEXA Mortgage LLC and Secured Mortgage Processing (SMP), scored a major victory yesterday, Sept. 19, in the companies' drawn-out legal battle with Smart Mortgage Centers Inc. when the Twelfth Circuit Court of Illinois dismissed the case for a lack of evidence. In the ini...

Analysis and Data

Mortgage Payments See Highest Decline Since May 2020

Impact of Fed rate cut on mortgage rates not yet tangible

Housing payments made their sharpest drop in more than four years during the week leading up to the Federal Reserve’s highly anticipated rate cut. While affordability is rising, the impact of the Fed's decision on mortgage rates and the housing market has yet to pan out. ...