RealtyTrac: Foreclosure activity increases 23 percent in first quarter

National Mortgage Professional

Apr 28, 2008

New audio download service available at NRMLAonline.orgMortgagePress.comNRMLA, reverse mortgage, digital assets, Learn While-U-Lunch The National Reverse Mortgage Lenders Association has introduced its new Digital Assets Web page at www.nrmlaonline.org featuring audio recordings from past NRMLA meetings and the Learn While-U-Lunch program available for purchase and download. Users can listen to industry experts talk about beneficial marketing strategies, risk management, regulatory and legislative updates, capital markets trends, underwriting and servicing issues, senior topics, and much more from the comfort of their home, car or on an iPod. Currently, recordings from the 2007 NRMLA Annual Meeting are posted and sessions from the 2008 NRMLA Eastern and Western Regional Meetings will soon be added. For more information, visit www.nrmlaonline.org.

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Apr 28, 2008

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...