Interthinx integrates FEMA alerts and regulatory compliance modules

Nov 06, 2007

Calyx Software teams with Silver Hill, hits transaction recordMortgagePress.comMortgage origination software Calyx Software has announced the integration of Silver Hill Financial LLC into the company's marketing, originating and processing software, Calyx Point. Silver Hill Financial LLC is the first commercial lender to be integrated into the Calyx Network, allowing residential mortgage brokers to transition into small commercial lending. In addition, Calyx Software has reported that it processed 13.4 million business transactions on more than 10 million loan files over the Calyx Network during the first three quarters of 2007. The transactions originated from more than 23 million exchanges between users of Calyx Point and more than 300 participating lenders and service providers. San Jose, Calif.-based Calyx Software is a developer of software designed for mortgage brokers and direct lenders. For more information, call (408) 997-5525 or visit www.calyxsoftware.com. Silver Hill Financial LLC is a nationwide commercial real estate lender based in Coral Gables, Fla. For more information, call (888) 988-8843 or visit www.silverhillfinancial.com.

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Nov 06, 2007

Regulation and Compliance

Bank Mergers Face Additional Scrutiny By FDIC

FDIC considers small businesses and residential loan originations when evaluating a merger’s competitive effects.

Bank mergers are expected to face increased scrutiny after the Federal Deposit Insurance Corporation (FDIC) Board of Directors approved a Final Statement of Policy (Final SOP) to its Bank Merger Transaction guidelines, finalized on September 17. The board also voted 3-2 i...

Analysis and Data

NAR Reports August Sales Slump, Aligning With Broader Industry Data

August sales dip, but analysts eye year-end comeback with lower rates and rising supply

Although existing-home sales fell again in August, lower mortgage rates and rising supply could propel a resurgence before the year ends. Existing-home sales retreated 2.5% in August to a seasonally adjusted annual rate of 3.86 million, sliding 4.2% from one year ago, th...