North Carolina industry appointments update - 8/1/2007

National Mortgage Professional

Jul 31, 2007

Florida industry appointments update - 8/1/2007MortgagePress.comFlorida mortgage industry positions • GunnAllen Home Loans has hired Clif Dell, formerly of the Orlando Predators football team, as a licensed mortgage broker at its Tampa, Fla. corporate branch. • First National Bank of Arizona has promoted Robert Carter to vice president and area sales manager for the Sunbelt region of the United States.

Link copied

Published

Jul 31, 2007

Analysis and Data

Fannie Mae Transfers Credit Insurance Risk On $31.8B In Loans

CIRT 2023-2 and CIRT 2023-3 transferred a combined $926 million of mortgage credit risk to private insurers and reinsurers.

Fannie Mae said Monday it has executed two credit insurance risk transfer (CIRT) transactions with a combined value of $31.8 billion. As part of Fannie Mae’s effort to reduce taxpayer risk by increasing the role of private capital in the mortgage market, CIRT 2023-2 and CIR...

Courts

Judge OKs Amended Lawsuit Claiming Predatory Lending By Wells Fargo

Officials in 3 Ga. counties filed the complaint claiming Wells Fargo engaged in an 'equity stripping' scheme that targeted minorities.

A federal judge ruled late last week that a predatory lending complaint filed against Wells Fargo & Co. by three counties in Georgia can proceed. Judge Michael L. Brown of the U.S. District Court for the Northern District of Georgia, Atlanta Division, had previously di...