Countrywide and NFCC team on consumer education

National Mortgage Professional

Nov 15, 2007

CommercialApps.com now free to brokersMortgagePress.comCommercial mortgage application submission Web sites CommercialApps.com LLC has announced that the services on its eponymous Web site are now free to Mortgage Brokers. The online system allows Mortgage Brokers in the United States and Canada to prepare and submit multifamily and commercial property loan applications to local, regional and national income property lenders. Irvine, Calif.-based CommercialApps.com LLC is a provider of solutions to the income property mortgage industry. For more information, call (800) 553-4815 or visit www.commercialapps.com.

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Nov 15, 2007

Analysis and Data

Mortgage Rates Fall For 3rd Straight Week

The 30-year mortgage dropped to 6.32%, lowest since mid-February.

Amid continued economic unrest, mortgage rates fell for the third consecutive week this week, Freddie Mac said Thursday. According to the government-sponsored enterprise’s Primary Mortgage Market Survey (PMMS), the 30-year, fixed-rate mortgage (FRM) averaged 6.32%, down 10 ...

Regulation and Compliance

Chopra: Nonbanks, Mortgage Servicers May Also Pose Systemic Risk

CFPB director tells Consumer Bankers Association conference such a failure could lead to 'chaos.'

What happens if a nonbank lender or large mortgage servicer fails? That’s a question that recently has been keeping Consumer Financial Protection Bureau Director Rohit Chopra awake at night. "A major disruption or failure of a large mortgage servicer really gives me a night...