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Friday July 3, 2009
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Feature ArticlesProducts and ProgramsTransitions
Conference of State Bank Supervisors
CSBS Task Force will address upcoming review of nation’s financial regulatory system...
Think Reverse!
The Complete Guide to Marketing and Originating Reverse Mortgages for Mortgage Professionals and Financial Advisors...
Featured Articles
   
RealtyTrac report: Foreclosure activity remains at record levels in April
  
  
  RealtyTrac has released its April 2009 U.S. Foreclosure Market Report, which shows foreclosure filings--default notices, auction sale notices and ban . . .  
The fading yield spread premiums: Trends and opportunity
  
  
  With the great contraction of wholesale lending institutions, the current high credit score requirements, and the resulting decline in yield spread p . . .  
Professional networking in today’s business environment
  
  
  In today's volatile market, the greatest asset we need to master is networking. Whether it is a lead to our next deal or the opportunity to meet our . . .  
HUD Secretary Donovan announces intent to move forward with RESPA reform
  
  
  U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan has announced his intention to implement the mortgage reforms under the Real Estate . . .  
Protecting your business by protecting your customers
  
  
  Your mortgage business, defined by law as a financial institution, must comply with privacy and information security laws such as the Gramm-Leach-Bli . . .  
IAS360 data indicates slide in U.S. house prices slows in March
  
  
  Integrated Asset Services LLC (IAS), a provider of end-to-end mortgage services solutions, has released its latest IAS360 House Price Index. Based on . . .  
HUD makes nearly $1 billion available in Recovery Act funds to improve public housing
  
  
  U.S. Department of Housing and Urban Development (HUD) Secretary Shaun Donovan has announced that HUD is offering nearly $1 billion to make substanti . . .  
NLIHC statement on actions to protect renters affected by foreclosures
  
  
  With actions taken by both the U.S. Senate and House of Representatives this week, renters in the United States are very close to being protected fro . . .  
J.D. Power and Associates reports: Among bank shoppers, brand image and superior customer service drive higher close rates
  
  
  When consumers evaluate banks, factors such as brand image and an institution's reputation for providing good customer service strongly affect levels . . .  
Ron Sims is sworn in as HUD Deputy Secretary
  
  
  Ron Sims has been sworn in as the Deputy Secretary of the U.S. Department of Housing and Urban Development (HUD). Sims was unanimously confirmed by . . .  
Appraisal Institute applauds House passage of mortgage reform bill
  
  
  The Appraisal Institute is applauding the U.S. House of Representatives for voting to adopt HR 1728, the Mortgage Reform and Anti-Predatory Lending A . . .  
Bachus amendment to protect struggling homeowners from scams wins House approval
  
  
  Congressman Spencer Bachus (AL), the top Financial Services Committee Republican, offered a commonsense amendment aimed at combating scam artists fro . . .  
NAMB comments on House passage of HR 1728
  
  
  The House of Representatives has passed HR 1728, the "Mortgage Reform and Anti-Predatory Lending Bill of 2009," by a vote of 300 to 114. The National . . .  
NAHRO statement: President Obama’s budget offers positive news for the affordable housing and community development industry
  
  
  Saul Ramirez, executive director of the National Association of Housing and Redevelopment Officials (NAHRO), had the following comments regarding the . . .  
HUD FY2010 budget shifts focus to responsibility, effectiveness and transparency
  
  
  U.S. Department Housing and Urban Development Secretary Shaun Donovan has unveiled the Department's fiscal year 2010 budget, which focuses on respons . . .  
Ginnie Mae mortgage-backed securities continue to surge
  
  
  The Government National Mortgage Association (Ginnie Mae) has announced that the corporation posted $34.5 billion in total mortgage-backed securities . . .  
Ginnie Mae mortgage-backed securities continue to surge
  
  
  The Government National Mortgage Association (Ginnie Mae) has announced that the corporation posted $34.5 billion in total mortgage-backed securities . . .  
Center for Public Integrity investigation identifies top 25 sub-prime lenders and their Wall Street backers
  
  
  The top sub-prime lenders whose loans are largely blamed for triggering the global economic meltdown were owned or backed by giant banks now collecti . . .  
MBA's Story testifies on foreclosure rescue fraud
  
  
  Robert E. Story Jr., CMB, chairman-elect of the Mortgage Bankers Association (MBA), testified before the House Financial Services Subcommittee on Hou . . .  
Secretaries Chu and Donovan sign agreement to help working families weatherize their homes
  
  
  U.S. Department of Housing and Urban Development (HUD) Secretary Shaun Donovan and U.S. Department of Energy (DOE) Secretary Steven Chu have announce . . .  
NAHB report: Spring thaw in prices and rates, plus incentives draw homebuyers
  
  
  The frozen housing market appears to be thawing as more buyers are finding the current historically low interest rates, stabilizing prices and tax cr . . .  
Mortgage applications increase in latest MBA Weekly Survey
  
  
  The Mortgage Bankers Association (MBA) has released its Weekly Mortgage Applications Survey for the week ending May 1, 2009. The Market Composite Ind . . .  
FDIC's Sheila Bair's statement on the regulation of big banks
  
  
  Statement of FDIC Chairman Sheila C. Bair on Regulating and Resolving Institutions Considered "Too Big To Fail" before the U.S. Senate Committee on B . . .  
FDIC announces expansion of Ombudsman's Office to assist customers with loans at failed banks
  
  
  The Federal Deposit Insurance Corporation (FDIC) has announced the creation of a new unit within the Office of the Ombudsman specifically designed to . . .  
HUD allocates $1 billion in Recovery Act funding to support state and local community development
  
  
  In an effort to stimulate community development and job growth, U.S. Housing and Urban Development Secretary Shaun Donovan has allocated $1 billion i . . .  
Products and Programs
   
Launch of Mortgage Warehouse Network offers solution for banks to quickly enter the warehouse lending industry
  
  
  Mortgage Warehouse Network has launched a first-of-its-kind "turnkey" solution that includes the back office operations, systems and experienced pers . . .  
Byte Software announces software for the Home Affordability Modification Program
  
  
  Byte Software has announced the release of the BytePro Loan Modification Edition, providing servicers with an all-in-one software tool for processing . . .  
Foundation Source launches mortgage assistance program
  
  
  Foundation Source, a provider of support services for private foundations, has announced an innovative, new program for private foundations, designed . . .  
PriceMyLoan announces Mobile Quick Pricer for smart phones
  
  
  PriceMyLoan has announced the release of Mobile Quick Pricer, an extension of their automated underwriting and loan pricing engine designed to work o . . .  
Transitions
   
Indiana law firm merges with Morris | Hardwick | Schneider
  
  
  Atlanta-based Morris|Hardwick|Schneider (M|H|S), one of the largest real estate closings law firms in the United States, has expanded its national de . . .  
LoyaltyExpress announces strategic alliance with XINNIX
  
  
  LoyaltyExpress, a provider of mortgage marketing solutions, has announced a strategic alliance with XINNIX Inc. that will provide best-in-class marke . . .  
Lend America receives H4H unconditional lender insurance approval and launches RefiPortfilio.com
  
  
  Lend America has announced that the company has been officially informed by the U.S. Department of Housing and Urban Development (HUD) that they have . . .  
Cambridge Realty Capital Commerce and Healthcare Advisory LLC form strategic alliance
  
  
  Cambridge Realty Capital Companies Chairman Jeffrey A. Davis has announced a strategic affiliation with Healthcare Advisory LLC and its President Jos . . .  
Kanovsky, Kovar and Trasvina sworn in as HUD assistant secretaries
  
  
  Helen Kanovsky, Peter Kovar and John Trasvina were sworn in Monday as the General Counsel, Assistant Secretary for Congressional and Intergovernmenta . . .  
RealUp partners with MDA DataQuick for commercial real estate data
  
  
  RealUp, a new commercial real estate listings Web site, has announced a multi-year partnership agreement with MDA DataQuick, a division of MDA Lendin . . .  
Real-time data transmission from Fiserv Loan Servicing Platform helps Fannie Mae explore new workout solutions for borrowers
  
  
  Fiserv Inc., a provider of financial services technology solutions, is working with Fannie Mae as a technology partner to assist the agency in gainin . . .  

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Events
07/08/09
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07/08/09
Tri-State Wholesale Lending Fair
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11th Annual Tri-State Wholesale Lending Fair
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