The Pulse National Mortgage Professional Magazine
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The Pulse

MBA reports government-insured share of mortgage applications highest since 1990
The government-insured (FHA and VA loans) share of mortgage applications was 35.9 percent in June 2009, the highest level since November 1990, according to the Mortgage Bankers Association (MBA). Based on data from MBA's Weekly Mortgage... Read more
NAMB announces 2009–2010 board as Jim Pair becomes president
The National Association of Mortgage Brokers (NAMB) has announced its Board of Directors for 2009–2010 at its 2009 Mid-Year Meeting on Saturday, June 27, in San Antonio, Texas. NAMB is the voice of the mortgage broker industry,... Read more
MBA Weekly Survey: Mortgage applications increase
The Mortgage Bankers Association (MBA) has released its Weekly Mortgage Applications Survey for the week ending July 3, 2009, which was a shortened week due to the Independence Day holiday. This week's results include an adjustment to... Read more
PMI Q2 Risk Index reflects brunt of recession on nation's housing markets
PMI Mortgage Insurance Company has released its Second Quarter 2009 Economic and Real Estate Trends Report, and its U.S. Market Risk Index. The quarterly report projects the likelihood that the nation's housing prices will be lower in two... Read more
NAMB applauds introduction of HVCC legislation HR 3044
Rep. Travis Childers (D-MS) and George Miller (R-CA) have introduced legislation requesting an 18-month moratorium on the Home Valuation Code of Conduct (HVCC). The National Association of Mortgage Brokers (NAMB) applauds the introduction... Read more
Additional states enact SAFE Act legislation
The states of Alaska, Florida, Maine and Tennessee have each signed into law, legislation designed to meet the mandate of the federal Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act) of 2008 by providing for the licensing... Read more
Chase approves 138,000 trial modifications in the last three months
Chase has announced that it has approved 138,000 trial mortgage modifications for struggling homeowners since April 6, when it began processing trial modifications through President Obama’s Making Home Affordable program. Since 2007, Chase... Read more
TAVMA responds to NAMB regarding HVCC
The Title/Appraisal Vendor Management Association (TAVMA) has sent a three-page letter to the National Association of Mortgage Brokers (NAMB) to protest that organization's "inaccuracies and mischaracterizations of appraisal management... Read more
Agencies publish final rules and guidelines to promote accurate reports about consumers
The federal financial regulatory agencies and the Federal Trade Commission (FTC) have published final rules and guidelines to promote the accuracy and integrity of information furnished to credit bureaus and other consumer reporting... Read more
FDIC issues list of banks examined for CRA compliance
The Federal Deposit Insurance Corporation (FDIC) has issued its list of state non-member banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to... Read more