Magnolia Abstract opens for business

Jul 10, 2007

Public Savings Bank opens PSB 1031 subsidiaryMortgagePress.com1031 exchange Public Savings Bank has established a new 1031 exchange subsidiary, PSB 1031 Corporation, with Katherine Flores Esq. as its regional account manager. As a Qualified Intermediary, PSB 1031 Corporation assists its clients with the coordination, documentation and service details involved in completing a 1031 exchange. Public Savings Bank is based in Southampton, Pa. For more information, call (215) 322-7208 or visit www.publicsavings.com. PSB 1031 Corporation is based in Boca Raton, Fla. For more information, call (866) 968-1031 or visit www.psb1031.com.

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Jul 10, 2007

Regulation and Compliance

Some Question Lenders’ And Others’ Readiness To Use VantageScore 4.0

Following FHFA announcement Tuesday, doubts arise regarding potential changes that may be needed to move to VantageScore credit scoring

After Federal Housing Finance Agency (FHFA) Director William J. Pulte’s announcement yesterday that mortgage lenders who sell loans to Fannie Mae and Freddie Mac can, “effective immediately,” use VantageScore 4.0 credit scoring along with or in place of FICO scores in existi...

Industry News

HUD Freezes Foreclosures On FHA Mortgages In Texas Flood Zone

Kerr County homeowners among hardest hit in disaster that’s claimed more than 100 lives

In response to devastating floods that have ravaged Texas Hill Country since early July, the U.S. Department of Housing and Urban Development (HUD) has enacted a 90-day foreclosure moratorium on more than 900 Federal Housing Administration (FHA)-insured single-family mortgag...