Data through December 2011, released by S&P Indices for its S&P/Case-Shiller Home Price Indices shows that all three headline composites ended 2011 at new index lows. The national composite fell by 3.8 percent during the fourth quarter of 2011 and was down four percent versus the fourth quarter of … [Read more...]
FDIC-Insured Institutions Earn $26.3 Billion in Q4
February 28, 2012 by
Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported an aggregate profit of $26.3 billion in the fourth quarter of 2011, a $4.9 billion improvement from the $21.4 billion in net income the industry reported in the fourth quarter of 2010. This … [Read more...]
ClosingCorp Launches New Mortgage Calculator
February 28, 2012 by
ClosingCorp has announced the introduction of its SmartClosing Mortgage Calculator, which allows homebuyers to shop for mortgages and estimate closing costs for any residence in the country. San Diego-based Z57 Inc., a real estate Internet solutions provider, will implement the tool to enable its … [Read more...]
Fulbright and Jaworski Adds Two Mortgage Specialists
February 28, 2012 by
Two seasoned business litigation lawyers, focusing on mortgage banking and class action defense, have joined the Minneapolis office of Fulbright & Jaworski LLP as partners. Robert J. Read this article: Fulbright and Jaworski Adds Two Mortgage Specialists … [Read more...]
Quandis and CSC Partner on Short Sale Tracking System
February 28, 2012 by
Computer Science Corporation (CSC) has announced that it has teamed with Quandis to offer CSC’s EarlyResolution clients and prospects a new short sale tracking and fulfillment portal to accelerate processing cycles. This benefits consumers who wish to sell their homes instead of foreclosing and … [Read more...]
Flagstar CEO Campanelli Projects Profitability fro 2012 as FHA and HUD Issues Are Resolved
February 27, 2012 by
Flagstar Bancorp Inc., the holding company for Flagstar Bank FSB, announced that it has entered into an agreement with the U.S. Department of Justice (DOJ) relating to underwriting practices associated with loans insured by the Federal Housing Administration (FHA) of the U.S. Department of Housing & … [Read more...]
Home Sales Nationwide Fall 0.1 Percent in Q4
February 27, 2012 by
U.S. See original article: Home Sales Nationwide Fall 0.1 Percent in Q4 … [Read more...]
The FHA 203(k) Loan: How to Help Clients Buy the House of Their Dreams
February 27, 2012 by
Another home that just won’t sell! The home had been on the market for more than six months without a single offer. The sellers were anxious, and their agent wasn’t sure just what to do. “Remodel the kitchen and replace your countertops and cabinets,” their real estate agent instructed, … [Read more...]
Maryland Man Nabbed in $2.2 Million Mortgage Fraud Scam
February 24, 2012 by
Thomas E. Green of Ocean City, Md. has pled guilty to fraudulently securing nearly $2.2 million in loans to purchase five properties in Cape Charles, Va. Neil H Read More: Maryland Man Nabbed in $2.2 Million Mortgage Fraud Scam … [Read more...]