The Pulse National Mortgage Professional Magazine

The Pulse

StoneWater Mortgage and its executives settle First Magnus suit
StoneWater Mortgage Corporation and the First Magnus Litigation Trust have announced that they have reached a settlement in the lawsuit filed Feb. 26, 2009. The announced settlement dismisses with prejudice StoneWater Mortgage Corporation... Read more
Commercial/multifamily mortgage debt outstanding remains unchanged during Q1 of '09
The level of commercial/multifamily mortgage debt outstanding remained relatively unchanged in the first quarter, at $3.48 trillion, according to the Mortgage Bankers Association (MBA) analysis of the Federal Reserve Board Flow of Funds... Read more
HUD offers $58 million for housing counseling
The U.S. Department of Housing and Urban Development (HUD) has announced that more than $58 million is available for a broad range of housing counseling programs to help families find and preserve housing. The funding is an increase of $11... Read more
Housing starts and permits post gains in May
Nationwide housing starts rebounded in May from record lows in the previous month, posting a 17.2 percent gain to a seasonally adjusted annual rate of 532,000 units, according to recently released figures from the U.S. Commerce Department... Read more
DOT, HUD and EPA announce partnership for sustainable communities
U.S. Secretary of Transportation Ray LaHood, U.S. Secretary of Housing and Urban Development Shaun Donovan, and U.S. Environmental Protection Agency Administrator Lisa P. Jackson have announced an interagency Partnership for Sustainable... Read more
Mortgagebot releases results of its Benchmarks 2009 report
One of the highlights of the 2009 Mortgagebot Client Conference is the unveiling of Mortgagebot’s new Benchmarks 2009 report. This bi-annual report is a comprehensive survey and analysis of the online lending trends, practices, and... Read more
NAHB: FHA issues condo project approval guidance
New regulatory guidance designed to streamline the Federal Housing Administration’s (FHA) approval process for condominiums nationwide is expected to have an immediate impact in the state of Michigan, where single-family projects are... Read more
MBA supports proposal for $15,000 tax credit for all homebuyers
David G. Kittle, CMB, chairman of the Mortgage Bankers Association issued the following statement today in support of S. 1230, The Homebuyer Tax Credit Act of 2009: "Stimulating the housing market is one of the best ways Congress can help... Read more
NAHB statement: The Green Act is the right approach for affordable, sustainable homes
In testimony before Congress, the National Association of Home Builders (NAHB) praised HR 2336, the Green Act of 2009, which sets new green building and sustainability benchmarks for properties that get financial assistance from the U.S.... Read more
Bond yields push mortgage rates to highest level in seven months
Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 5.59 percent with an average 0.7 point for the week ending June 11, 2009, up from last week when it... Read more