MortgageHeadlineNews.com | Mortgage News, Rates, and Information

money.cnn.com

• A reward for responsible homeowners
  The government has bailed out Wall Street firms, giant banks, creditors of Fannie Mae and Freddie Mac -- and is trying to bail out people who've defaulted or are about to default on their mortgages. B…
• Housing quagmire: Is it time to remove relief?
  For the growing number of struggling homeowners in this country, more help is on the way. Additional aid from the federal government will begin making its way to them next month -- one program would h…
• Tips for getting homeowners insurance
  1. Loyalty is overrated
• Home prices gain 3.6% in past year
  Despite a recent spate of bad news coming out of the housing industry, home prices show signs of stabilizing.
• Surprise! Banks help more homeowners than Obama
  Remember how everyone complained that banks weren't doing enough to help troubled borrowers?
• Remodeling your home? Get online
  Home improvement is one of the fastest-growing segments of e-commerce. But the consequences of a bad decision when it comes to finding a contractor or remodeling products online are far worse than buy…
• Fewer mortgages are in default
  Fewer mortgage borrowers are delinquent on their loan payments, according to the latest data from the Mortgage Bankers Association.
• Say goodbye to the McMansion
  The American home is shrinking. Toll the bell for the McMansion.
• Housing's a wreck. Builders rally. Huh?
  Stop me if you've heard this before. The housing market is still in shambles.
• New home sales drop 12.4%
  New home sales unexpectedly fell in July to the lowest level on record as the housing market continued to suffer from the end of the homebuyer tax credit boost.

• Toll Brothers: First profit in 3 years
  Homebuilder Toll Brothers made a profit last quarter -- its first in three years. And it largely has Uncle Sam's tax credits to thank for it.
• Best moves for home buyers and sellers
  Plenty of forces, from overly cautious lenders to inaccurate appraisals, are wrecking real estate deals right now. But one of the biggest roadblocks to getting a house sold these days is the disconnec…
• 10-year yield at 19-month low
  Treasury yields continued to fall Tuesday, with the yield on the benchmark 10-year note holding near a 19-month low, as a spate of dour economic news has driven investors into safer assets, like gover…
• Plunging home sales could sink recovery
  With home sales plunging to their lowest level in 15 years, economists warn that a double-dip in housing prices is just around the corner, threatening to further slow the overall recovery.
• The latest real estate rip-off?
  Would you be willing to pay the original builder a fee when you resell your home? That's an obligation some developers are trying to slap on homeowners in their communities.
• Foreclosure program losing its punch
  The president's signature foreclosure rescue plan is losing its punch, according to a federal report released Friday.
• Refinancing applications at 15-month high
  Applications for mortgage refinancing hit a 15-month high last week as interest rates remained near historic lows, a mortgage bankers' group said Wednesday.
• 5 most affordable cities to buy a house
  These are the five most affordable major metro areas in the nation for homebuyers and five markets where home prices are least affordable.
• America's most overvalued cities
  Don't say we didn't warn you.
• Foreclosures: How bad is your state?
  

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news.search.yahoo.com

• 30-Year Fixed Mortgage Rate Up Slightly From Record Low Set Last Week; Current 30-Year Fixed Rate is 4.27, According ...
  10 a.m. Pacific--SEATTLE--The 30-year fixed mortgage rate on Zillow Mortgage Marketplace is currently 4.27 percent, down one basis point from 4.26 percent at this same time last week. The 30-year fixe…
• Six questions to ask before refinancing your mortgage
  Mortgage rates have been hitting historic rates nearly every week for a while now. According to Freddie Mac, the average rate for a 30-year fixed loan was 4.32 percent last week, and the 15-year avera…
• Chat@1 - Mortgage refinancing
  Mortgage - United States - Business - Financial Services - Mortgage loan
• Mortgage company may take title to Vero Fashion Outlets in federal bankruptcy case settlement
  VERO BEACH — The Vero Fashion Outlets mall federal bankruptcy filing may be settled by its mortgage holder taking title to the mall for an undisclosed amount, according to a motion the mall’s atto…
• Mortgage rates hit decades-low of 4.32%
  Record-low mortgage rates have sparked a flurry of refinancing in Coshocton County, according to local bankers.
• Mortgage sales jump 11% in August
  Mortgage sales jumped 11 per cent in August as homebuyer confidence strengthened and mortgage delinquencies stabilised.
• Mortgage broker avoids jail over $160,000 rip-off
  A Christchurch mortgage broker who admitted ripping off a client to the tune of $160,000 has avoided a jail sentence.
• UAE mortgage lending up 12.7% in H1 2010 – cenbank
  Mortgage lending among the UAE's 51 banks rose by AED18bn to AED159.8bn in H1.
• Mortgage data pool looms
  (EXCLUSIVE) Homebuyers' mortgage histories are set to be shared among banks from next year - if the privacy commissioner gives the go-ahead.
• Mortgage rates drop to another new record
  Mortgage rates fell to the lowest level in decades for the 10th time in 11 weeks, as investors worried about the economy. Business - United States - Mortgage - Financial Services - Mortgage loan

topix.com

• Workers build, refurbish Fountain Square houses
  Rent or medicine. It's not an easy choice, but it's one that Chip Gibson and his wife, Jennie, face each month -- and it's only going to get worse.
• Historic NY Hip Hop Building Mortgage Is Sold
  Required fields are marked with an asterisk The information you provide will be used only to send the requested e-mail and will not be used to send any other e-mail communications.
• Christchurch earthquake victims offered financial relief
  New Zealand's major banks have unveiled a raft of relief packages to ease some of the financial burden on Cantabrians following Saturday's massive earthquake.
• Be flexible with earthquake victims, English tells IRD, banks
  Finance Minister Bill English has asked banks and the Inland Revenue Department to be flexible to help businesses stay afloat and still be able to pay wages in the aftermath of the Canterbury earthqua…
• 1% Of Banking Giants Control Banking Industry | Problem Bank List
  September 7, 2010 - A small handful of 105 banking giants with assets of over $10 billion represent only 1.3% of total banks yet account for 78% of industry assets. Whether or not the small banks stil…
• Mortgage Market Recovers
  Russians are once again turning to mortgages to purchase homes, borrowing an impressive 155.3 billion rubles in the first half of 2010 - the vast majority of it in the national currency.
• Caroline Baum: Monetarists follow Friedman to grave
  Johnson Sash & Door Johnson Sash & Door is a family owned and operated Window and Door Company that has been doing business in the Omaha area since 1932.
• Locking in a mortgage rate
  When is the timing right to lock in your mortgage rate? With a rate lock, lenders are obligated to offer a home loan at an agreed-upon rate regardless of whether mortgage rates have changed between th…
• eBay auction 'last resort' to get a house
  A FATHER auctioned invitations to a barbecue at his dream home for A 20,000 - to raise the money he needs to buy it.
• Debt advisors worried at number of mortgages frozen by creditors
  Debt advisors are becoming increasingly alarmed at the number of lenders using judgement mortgages to recover unsecured personal debt.

• New rules may raise mortgage rate
  BANKS may inflict higher mortgage rates on borrowers to offset the costs of new liquidity rules that are tipped to drive up the price of the safest financial assets.
• Randy McClain: Record-low mortgage rates spur refinancing
  Rock-bottom rates on mortgage loans have ignited another wave of refinancing by consumers in recent weeks, including a lot more folks opting for 15-year fixed loans for the first time.
• At least we can now identify the next scam
  What just happened? At the time, all we knew was the world economy was about to disappear down the toilet.
• Stimulus pumps nearly $5 million into neighborhoods
  To see how stimulus dollars are changing neighborhoods in Anderson, drive down Sheridan Street, and the vicinity near Allen Chapel AME Church and Sherman Street Church of God north of Dr.
• Uncertainty surrounds rate announcement; markets try to counter September effect
  The Canadian dollar could be in for some volatility this coming week as the Bank of Canada comes out with its latest announcement on interest rates Wednesday.
• Change in repossession law could impact on mortgage fees for firms
  BUSINESSES looking for commercial mortgages could face higher fees after a change in the law will make it harder for lenders to repossess property without a court case, a senior lawyer has warned.
• Underwater mortgages: Saving your home from financial floods
  Many local residents have found themselves in underwater mortgages, which means that a homeowner owes more debt on a house than what it's worth.
• Should you pay off your mortgage?
  My question is whether or not to pay off my house. It would wipe out my CDs. I have an emergency fund of $2,000. Is this a good idea? I live fine on my Social Security income.
• New mortgage-relief plan set for Tuesday launch
  The Obama administration on Tuesday will launch its latest efforts to rescue the failing housing market, according to a media report Saturday.
• Should you take the fixed rate mortgage bait?
  It pays to do the maths before switching from a variable rate mortgage. Will you take the fixed rate bait? Photo: Howard McWilliam If you're one of the two million people in Britain currently sitting…

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mortgagenewsdaily.com

• Housing Crisis Needs Localized Approach, Not "One Size Fits All" Solution
  Posted To: MND NewsWireEric Rosengren, president of the Federal Reserve Bank of Boston, told attendees at a Federal Reserve sponsored conference on REO and Vacant Property Strategies for Neighborhood…
• Rates Retrace Late Week Losses. Lost Rebate Restored
  Posted To: MBS CommentaryGood Morning. I hope everyone had a safe and sound Labor Day weekend. I for one feel re-energized following a three day stay in State College, PA (PSU). The weather was perfec…
• Zero-Down Payment Programs; New FHA Mortgagee Letter; Does the Value of Servicing Warrant Retaining It?
  Posted To: Pipeline PressMuch of life is a balancing act. For example, I eat my Captain Crunch with only low-fat milk because I wouldn't want unnecessary calories. Underwriting is also a balancing act…
• The Week Ahead: Beige Book, Treasury Auctions, Trade Balance
  Posted To: MBS CommentarySeptember began on a strong note last week as the Dow jumped almost 3%, or 297 points. Whether the strength continues this week could depend on the Federal Reserve’s assessm…
• How Did The Employment Report Affect Mortgage Rates?
  Posted To: Mortgage Rate WatchIt is the first Friday of the month and that brings us the official government report on the labor market: The Employment Situation Report. This release provides four hea…
• All Signs Point to Higher Rates in Week Ahead
  Posted To: MBS CommentaryNFP has come and gone, let's see where things stand.... The October delivery FNCL 4.0 is -0-09 at 102-15. In the chart below I called attention to a few technical inflection p…
• FHFA Establishes New Housing Goals for GSEs
  Posted To: MND NewsWireThe Federal Housing Finance Agency (FHFA), conservator of Freddie Mac and Fannie Mae (the Enterprises) has established its final housing goals for the Enterprises in 2010-2011.…
• Banks Prefer Cash Buyers in REO Sales; Freddie Mac Streamline Refi Program; Originator Capacity Constraints; Comments on Property Flipping
  Posted To: Pipeline PressIf there's one thing that an investor will never let any originator off the buyback hook for, it's fraud . Not only that, but the penalties can go far beyond merely buying bac…
• Employment Situation Report: -54K Total Job Losses. Private Sector Adds 67k Positions. Bonds Sell
  Posted To: MBS CommentaryTHE EMPLOYMENT SITUATION – AUGUST 2010 – BETTER THAN EXPECTED From the Release... Nonfarm payroll employment changed little (-54,000) in August, and the unemployment rate…
• The Day Ahead: August Employment Data to Drive Markets
  Posted To: MBS CommentaryMarkets are roughly flat Friday morning ahead of the widely anticipated employment report for August, which at 8:30 eastern time is set to show that jobs declined for the thir…

• Mortgage Rates Move Higher Before Jobs Data
  Posted To: Mortgage Rate WatchWhat a boring day in the markets! Stocks added to yesterday's gains and bonds added to their losses. This pushed mortgage rates marginally higher. The best 30 year fixed…
• Pending Home Sales Rebound from Record Low. What Might Boost Buyer Demand?
  Posted To: MND NewsWireThe National Association of Realtors released the Pending Home Sales Index today. NAR's Pending Home Sales Index measures the number of home purchase contracts that were signed…
• Fed Hosts Neighborhood Stabilization Summit
  Posted To: MND NewsWireCommunity organizers, state and federal government officials, and representatives from banking, research and educations institutions are currently meeting in Washington at a REO…
• Pre-NFP Outlook Plus Loan Pricing Comparison
  Posted To: MBS CommentaryWhat a rough morning! It appears my hard drive no longer wants to work. I tried to reach out for help, but no one answered. Then my gf called and reminded me that today is 9.0…
• Litany of Investor Bulletins: Mortgage Insurance, Appraisal Photos, Originator IDs, Incomplete GFEs, 203(b)'s, Reserve Requirements, No More ARMs
  Posted To: Pipeline PressIt's good to know the jumbo market is alive and well! Alive and well for Tiger Woods who just got a residential construction loan for $54.5 million on Jupiter Island in Florid…
• Eliminate Investor Credit Overlays by Selling Directly to the GSEs
  Posted To: The Garrett Watts ReportI’ve been on the road for the past three weeks, mostly performing reviews of mortgage bankers for warehouse lenders. I am happy to report that all channels of orig…
• Expanding the Pool of Eligible Homeowners: Common Sense Underwriting Needed
  Posted To: Voice of HousingIt seems our economy is unable to promote a significant level of consumer spending without some sort of Federal Assistance. Given that this is an election year where the out…
• The Day Ahead: Jobless Claims, Pending Home Sales, Productivity
  Posted To: MBS CommentaryInterest rates are modestly higher this morning after equities closed nearly 3% higher Wednesday. Ninety minutes before the opening bell, S&P 500 futures are just below yester…
• New Mortgage Rate Lows Lost as Stocks Rally and Bonds Correct
  Posted To: Mortgage Rate WatchMortgage rates had a great day yesterday. This is the message we communicated to readers... ATTENTION: Mortgage Rates Hit New Lows If you've been floating your loan or ha…
• Recap and Charts: July Construction Spending Data
  Posted To: MND NewsWireThe Census Bureau today released Construction Spending data for July 2010. Residential construction spending includes remodeling, additions, and major replacements to owner occu…
• Rising Refi Index Indicative of Pickup in Prepay Speeds on Recent Vintage MBS
  Posted To: MND NewsWireThe Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending August 27, 2010. The MBA's loan application survey covers over…
• Another Review of Originator Compensation Regs; Loan Programs That Don't Require an Appraisal; JP Morgan Cuts Deal to Reduce Buyback Exposure
  Posted To: Pipeline PressRates continue to trend lower, helped yesterday by the release of the FOMC meeting's minutes which alluded to the possibility of the Fed reinvesting in MBS's. (But heck, as on…
• Bond Market Suffers as Investors Reallocate Funds into Riskier Assets
  Posted To: MBS CommentaryStocks are rallying and the bond market is taking a beating after a much better than expected read on the manufacturing sector. The August ISM Manufacturing Index came in at 5…
• Fed Leaves Door Open to Buy More MBS if Needed
  Posted To: MBS CommentaryProduction MBS coupon prices hit new record highs yesterday, pushing mortgage rates through the 4.25% barrier to new lows. Rate sheet influential MBS coupons were led higher b…
• The Day Ahead: Stocks Rally Ahead of Jobs, Manufacturing Data
  Posted To: MBS CommentaryThe first day of September looks to open strongly while investors await key data on employment and manufacturing. About ninety minutes before the opening bell, S&P 500 futures…

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imfpubs.com

• Mortgage Market at a Glance
  Weekly mortgage rates and application survey data as well as indexes for ARMs.
• Title Industry Sides With GSE Regulator In Crackdown on Transfer Fee Covenants
  Much of the U.S. land title industry supports a proposed regulation issued last week by the Federal Housing Finance Agency that would bar Fannie Mae and Freddie Mac from buying or securitizing mortgag…
• Treasury Looks for Help Tweaking Loan Mod Program That’s Failed to Meet Expectations
  The Treasury Department continues to tinker with the net present value model that is a key element in the Obama administrationÂ’s Home Affordable Modification Program and, according to some observers,…
• Fannie Mae Straightens Out ‘Unintended Result’ Of Loan Quality Initiative on Credit Reports
  Fannie Mae and Freddie Mac this week released new guidance aimed at clearing up lender confusion over whether a second credit report has to be drawn just before loan closing to make sure the borrower…
• Treasury Slammed for Not Including Consumer Groups in Housing Finance Reform Think Tank
  Certain community groups are expressing disappointment at having been left out of this weekÂ’s public discussion of housing finance reform and restructuring of Fannie Mae and Freddie Mac, warn-ing tha…
• Still No Consensus on the Nature, Extent of Federal Government Role in Housing Finance in the Future
  Industry representatives, academic researchers, community advocates and government policymakers have for months ratcheted up their brain-storming activity on how best to reform the U.S. mortgage finan…
• Fed Clears TILA Rulemaking Ledger as Agency Prepares To Shift Consumer Protection Responsibilities to BCFP
  In one fell swoop, the Federal Reserve cleared its desk this week of an assortment of proposed, interim and final rulemaking, all part of earlier efforts to revise and update regulations implementing…
• Non-Conforming Market Keeps Shrinking In 2010 Despite Some Production Gains
  The non-conforming mortgage market saw some modest increases in loan production levels during the second quarter, but not enough to make much of a dent in the overwhelming share of new ori-ginations e…
• MBS & ABS Issuance at a Glance
  One page of issuance data.
• Securitizers, Investors, Mortgage Bankers Seek Changes to SEC’s Reg AB Disclosure Proposal
  Industry groups representing the securitization and investor sectors of the financial services industry seemed to be at odds with mortgage banking interests as the Securities and Exchange Commission w…

• Targeted Firms Cooperating in FHFA Inquiry but Still Open to Challenging Agency’s Subpoena Power
  Defense attorneys say the Federal Housing Finance AgencyÂ’s inquiry into whether private issuers of mortgage securities misled Fannie Mae and Freddie Mac into making bad MBS investments could become a…
• New FHA Short Refi Program Expected To Have Modest Impact on MBS Market
  The Obama administrationÂ’s latest attempt to help underwater borrowers refinance to a more affordable mortgage may be better designed than earlier efforts, but itÂ’s still likely to have a relatively…
• NY Fed Researchers Suggest Co-op Ownership Could Be the Best Structure for New Securitization Entity
  Researchers at the Federal Reserve Bank of New York say itÂ’s important to preserve the best features of Fannie Mae and Freddie Mac – primarily the standardization and efficiency they brought to the…
• Securitization Rate Remains at Record Level Through Midway Point in 2010
  Securitization continued to finance the overwhelming majority of home mortgages through the first six months of the year, according to a new Inside MBS & ABS analysis. A total of $565.9 billion of new…
• Government Guarantee Will Be Essential in Maintaining TBA Liquidity, Industry Says
  Perhaps the most important element of housing finance reform, as far as securitization groups are concerned, may be keeping open the flow of liquidity through the marketplace, especially when it comes…
• News Briefs
  Higher-priced mortgages – defined as mortgages with interest rates of 150 basis points or more above the applicable prime offer rate – are excluded from the housing goals established for Fannie Mae…
• Defaults Tied to Negative Equity, Recourse Laws
  Strategic defaults on non-agency mortgages are much more likely to occur on mortgages with negative equity in non-recourse states, according to new research conducted by the Federal Reserve Bank of Ri…
• Impac Touts Non-Mortgage Debt Resolution
  Debt resolution services for credit card and other non-secured debt can help borrowers continue to make payments on non-agency mortgages, according to Impac Mortgage Holdings. Officials at the former…
• Non-Agency Participants Face ‘Toxic Title’ Issues
  Non-agency mortgage servicers and investors are increasingly liable for property-related obligations of defaulted borrowers, according to new research by CoreLogic. Some servicers have suspended the f…
• Jumbo Mortgages Show Mixed Performance
  Delinquencies on jumbo mortgages continue to increase but may be peaking, according to Fitch Ratings. Meanwhile, strategic defaults on $1 million-plus mortgages are no greater than strategic defaults…
• Non-Prime HAMP Mods Outpace Overall Market
  Non-prime servicers increased their Home Affordable Modification Program activity in July compared with the previous month at a higher rate than all HAMP servicers, according to a new ranking and anal…
• Recent Subprime Mods Performing Relatively Well
  Subprime servicers have significantly reduced re-default rates since 2008, according to a report released last week by the State Foreclosure Prevention Working Group. Subprime mortgages modified in 20…
• Non-Agency Rep/Warrant Claims Likely to Increase
  Loan originators and underwriters of non-agency mortgage-backed securities face increasing repurchase requests due to widespread breaches of representations and warranties, according to industry analy…
• Few Subprime Servicers Increase Portfolios in 2Q10
  The amount of subprime mortgages outstanding fell by 4.0 percent in the second quarter of 2010 compared with the previous quarter, according to a new ranking and analysis by Inside Nonconforming Marke…
• Nonconforming Share of Total Originations Up Slightly in Second Quarter of 2010
  An estimated $18 billion in jumbo mortgages were originated in the second quarter of 2010, up from $15 billion in the first quarter of 2010. Through two quarters in 2009, $52 billion in jumbos had bee…
• FHA Lender Penalized for Bad Loan Files
  Texas-based lender Allied Home Mortgage reached an agreement with the Department of Housing and Urban Development last week to pay civil money penalties for various regulatory infractions related to l…
• FHA Presence in High-Cost Sector Controversial
  Changes in FHA financing for condominiums in late 2009 allowed even more high-cost properties to be backed by FHA-insured mortgages, and some market participants are wondering whether the government s…
• HECM Changes Coming, ‘HECM Saver’ Emerges
  For the second time in a year, the Department of Housing and Urban Development this fall will reduce the amount of money borrowers can receive from FHA home equity conversion mortgages and raise the a…
• FHA Was Slow in Lender Recertification Process
  The FHA did not ensure that lenders submitted recertification forms in a timely manner and also delayed issuing violation notices, according to a recent report from the Department of Housing and Urban…
• Large States Show Gains in FHA Lending
  Despite a drop in FHA mortgage originations in the first half of 2010 compared to 2009, the states with the most FHA production increased their activity even more, according to a new special report, Â…
• FHA Delinquencies Falling But Still Elevated
  The percentage of FHA loans more than 90 days delinquent or in foreclosure declined for the second consecutive quarter in the second quarter of 2010, but the rate is still well above levels seen in 20…
• FHA Finalizes New Premium Structure
  The FHA formally announced this week that its new structure of fees charged to borrowers will take effect Oct. 4, a change the mortgage industry has been expecting for most of this year. The Departmen…
• CRA Ratings
  Recent CRA ratings issued by federal agencies.
• Worth Noting
  Fannie Mae and Freddie Mac have issued guidance for lenders regarding borrowers who obtained energy retrofit loans under the Property Assessed Clean Energy (PACE) loan programs. PACE loans are made by…
• Federal Roundup
  Federal Financial Institutions Examination Council. New CRA Data. Community development lending dropped significantly in 2009 from 2008, as did loan originations under the Community Reinvestment Act,…
• State Roundup
  New Jersey. The state Department of Banking and Insurance issued guidance on Aug. 2 on how mortgage lenders should comply with amended federal regulations governing the Good Faith Estimate and HUD-1 S…
• HUD Failed to Track Thousands of Defaulted HECM Loans, IG Finds
  The Department of Housing and Urban DevelopmentÂ’s internal watchdog urged the department to discontinue the practice of deferring foreclosure when an FHA borrower fails to pay taxes and insurance and…
• Texas Charges Servicer with Illegal Debt Collection Tactics, Deception
  Texas Attorney General Greg Abbott has charged a mortgage loan servicer with using illegal debt collection practices, as well as misleading and deceiving distressed borrowers about its loan modificati…
• EEOC Hiring Policy at Odds with SAFE Act Provision, Industry Says
  The mortgage banking industry has alerted the Equal Employment Opportunity Commission to an apparent conflict between the EEOCÂ’s hiring policy and the licensing and registration requirements for mort…
• Groups Ask Regulators to Proceed Cautiously on CRA Modernization
  Financial institutions called upon federal banking regulators to be more flexible and give more credit to “community development” activities and to refrain from using the Community Reinvestment Act…
• Stakeholders Seek Greater Transparency in HMDA Data
  State regulators and fair lending advocates are calling for changes in the Home Mortgage Disclosure Act data reporting requirements to improve detection of discriminatory lending patterns and monitori…
• MBA: Harmonization First, ‘Required Use’ Later
  The mortgage banking industry urged the Department of Housing and Urban Development to give priority to harmonizing disclosures under the Real Estate Settlement Procedures Act and the Truth in Lending…
• Lenders Warned on TILA Appraiser Fee Rule
  Mortgage lenders and their agents – an appraisal management company, for example – will need to ensure they are paying “customary and reasonable fees” to appraisers or suffer steep fines for viola…
• News In Brief
  FHLBank of Seattle is Now Officially Undercapitalized: The Federal Home Loan Bank of Seattle continued to get pounded by... FHFAÂ’s Lockhart Gets a New Gig. So Who Will Replace Him?: Outgoing Federal…
• FHLBanks Oppose Centralized Reporting Function
  The Federal Home Loan Banks and the Office of Finance are opposed to the recommendation of a study the Office of Finance sponsored last year that calls for more centralization of their collective repo…
• Technology Briefs
  Blue Horizon Capital, a private investment firm headquartered in Los Angeles, recently acquired Tustin, CA-based Veri-tax LLC, a provider of tax verification and fraud management solutions to the mort…
• LPS Network Aims at Lower Cost, Better Service
  Lender Processing Services Inc. last week announced plans to create the LPS Strategic Partnership Group, a network of mortgage foreclosure service providers, to lower default-related costs and promote…
• LoanPort Helps Ease Loan Mod Bottleneck
  A collaborative technology project built by mortgage servicers, housing counselors and secondary market investors is helping streamline the cumbersome process of tailoring loss mitigation strategies f…
• MERS Conflict Lives on in New England
  Maine became the latest state to come down against the Mortgage Electronic Registration System on the question of whether MERS, as “nominee” for the lender under the mortgage, has standing to initia…
• Loan Mod Dropouts Rise, Will Outpace New Trials
  The Obama administrationÂ’s housing rescue efforts continue to generate uneven results. Almost half of the homeowners who are trying to tap into the Home Affordable Modification Program have been drop…
• Banks Build Up Repurchase Reserves
  Large bank mortgage lenders face “an extremely adverse scenario” if Fannie Mae and Freddie Mac push back a significant share of the defective mortgages they have on their books, according to a Fitch…
• Industry Sees Quicker Progress to Paperless
  Mortgage industry professionals see the industry moving more quickly to a paperless environment than they did two years ago, according to the latest “path to paperless” survey by Xerox Mortgage Serv…
• Production Earnings Decline in 2Q10 Despite Increased Origination Volume
  Mortgage bankers reported mixed results on the profitability of their loan origination businesses during the second quarter, but the overall direction pointed to lower earnings on increased volume. An…
• Quarterly Rankings: Top Ginnie Mae Issuers 2Q10
  Top Ginnie Mae issuers by volume with market share and change percentages.
• Quarterly Rankings: Securitization Rates for Home Mortgages 2001-2Q10
  Securitization Rates as well as total MBS issuance and estimated originations. With total, conforming, prime/jumbo, sub/alt A, FHA/VA and seconds breakdowns.
• Quarterly Rankings: Top FHA Lenders 2010
  Top 50 FHA lenders by volume.
• Quarterly Rankins: Top VA Lenders in 2010
  Top 20 VA lenders by volume.
• Government Activity in Agency MBS Market
  MBS purchases and sales by the government entities through August 2009.

[ more posts from imfpubs.com ]

banks.com

fool.com

• 3 Top Stocks at Half Price
  ...% in June, the biggest decline since July 2009. While 20% of RAIT's mortgages and loans are in the
• How Did You Manage That, Annaly Capital?
  .... Here's a look at what Annaly Capital (NYSE: NLY ) , the mortgage REIT, has done over the past few years
• Follow Landers Into Brazil
  .... The long-term mortgage is a relatively new concept and product offering in Brazil, and the bank stands
• Your Home Will Never Make You Rich Again
  ... the place of the latest tulip-bulb-like craze to hit housing, you'll never sell and will keep owing mortgage payments until the cows come home. Moreover, even if you eschew leverage and pay down t…
• Double Your Dollars
  .... Meanwhile, mortgage REIT Newcastle has such a low P/E that it takes almost no time to earn it back
• 7 Financial Stocks Getting Slammed
  ... ) 7.5% 4.1 (21.7%) **** QC Holdings (Nasdaq: QCCO ) 5.3% 4.2 (2.8%) *** Federal Agricultural Mortgage
• What's the Best ETF Right Now?
  ... ) , which invests in a wide range of government, mortgage, and corporate bonds
• How to Win at the ETF Game
  ... ) should provide wide exposure to the domestic bond market, including Treasuries, mortgage-backed securities, and corporate bonds
• Amass Your Fortune With These Top Stocks
  ...% from last year, suggesting the mortgage trouble it got itself into is becoming more a thing of the past
• Why We're Buying Philip Morris International
  .... Packing a 15.9% dividend yield, Annaly is a REIT that invests in mortgage-backed securities guaranteed by