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Mortgage Concepts promotes Leonard J. Ramirez to VP

National Mortgage Professional
Dec 05, 2008

MBA's Courson and Kittle react to mortgage cramdown dealMortgagePress.comMBA, John A. Courson, David G. Kittle, FHA, VA John A. Courson, president and CEO and David G. Kittle, CMB, chairman of the Mortgage Bankers Association (MBA) has issued the following statement on a proposed compromise to allow bankruptcy judges to alter mortgage contracts. "We remain opposed to bankruptcy cram down legislation because of the destabilizing effect it will have on an already turbulent mortgage market. We were surprised by the suddenness of the announcement and are still evaluating the proposed deal, but we believe there remain a number of crucial issues that need to be addressed. "Any agreement needs to protect FHA and VA guarantee programs. Today's announced agreement does nothing to solve that important issue. In addition we believe that this legislation ought to be limited only to subprime loans. We would also want to see a sunset date that limits how long judges would be granted this extraordinary power. "This legislation would have a significant effect on the mortgage markets and we believe it ought to be subject to the normal legislative process, including hearings and markup. We look forward to working with our members and Congress to address these and other issues." For more information, visit
Dec 05, 2008
loanDepot And mellohome Introduce Home Services Bundle

loanDepot, Inc. and its sister company mellohome are launching a proprietary bundle of home buying and selling services.

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Gateway Mortgage Surpasses 165 Mortgage Centers With 10 New Additions

Gateway Mortgage reported significant growth in the company, prompting it to open 10 new locations across Colorado, Idaho, Oklahoma, Texas, Oregon, and Wyoming.

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FHFA Requires 30-Day Notice Prior To Eviction

Wednesday, the Federal Housing Finance Agency (FHFA) announced that tenants of multi-family properties must be given 30 days notice to vacate before the tenant is required to leave the premise.

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Ohio-Based Agency Has 20 Offices And Operates in 32 States

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Planet Home Lending Reports Total Origination Volume Of $6.8B In Q2 2021

Planet Home Lending's total origination volume reached $6.8 billion in Q2 2021, up 77% from $3.9 billion in Q2 2020.

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FHFA Ends Controversial Refinance Fee

The FHFA announced that Fannie Mae and Freddie Mac will eliminate the Adverse Market Refinance Fee for loan deliveries, starting August 1, 2021.

Analysis and Data
Jul 19, 2021