Texas industry appointments update - 6/13/2007

National Mortgage Professional

Jun 12, 2007

North Carolina industry appointments update - 6/13/2007MortgagePress.comNorth Carolina mortgage industry positions • IndyMac Bank's mortgage bank has hired Amy Furr as a business development manager and Todd R. Hille as an area manager for the wholesale lending division's North Carolina region.

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Jun 12, 2007

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...