November home sales rose higher this year than figures for the same last year, as markets began to stabilize, according to a recent housing report from RE/MAX. Read the original post: November Home Sales Rise 8.1%: RE/MAX … [Read more...]
Leads360 Releases New Refi Product for HARP Phase II
December 8, 2011 by
Leads360 has announced the release of Leads360 HARP 2.0 Toolkit in response to the anticipated increase in refinance activity from HARP Phase II. With interest rates at an all-time low in the four percent range, and an estimated one million eligible homeowners under the government expanded Home … [Read more...]
Obama Housing Scorecard Finds JPMorgan Chase in Need of Servicing Improvements
December 8, 2011 by
The U.S. Department of Housing & Urban Development (HUD) and the U.S More: Obama Housing Scorecard Finds JPMorgan Chase in Need of Servicing Improvements … [Read more...]
HARP Refis Through GSEs Increase 11 Percent During Q3
December 7, 2011 by
Fannie Mae’s and Freddie Mac’s foreclosure prevention activity increased in the third quarter of 2011 and totaled nearly two million foreclosure prevention actions since the beginning of conservatorship by the Federal Housing Finance Agency (FHFA) in 2008. See the original post: HARP Refis … [Read more...]
United Wholesale Mortgage Unveils New Jumbo Product
December 6, 2011 by
United Wholesale Mortgage (UWM) has announced that it has a unique jumbo product with loan amounts up to $2.5 million and loan-to-value (LTV) ratios up to 80 percent. Read More: United Wholesale Mortgage Unveils New Jumbo Product … [Read more...]
Q3 Commercial Delinquency Rates Experience Slight Change
December 6, 2011 by
During Qthe third quarter of 2011, delinquency rates declined for commercial and multifamily mortgages held by banks and in commercial mortgage-backed securities (CMBS). Delinquency rates increased for loans held by life insurance companies and held or insured by the government-sponsored enterprises … [Read more...]
Nevada AG’s Office Takes Down Three More in Robo-Signing Ring
December 6, 2011 by
The Office of the Nevada Attorney General has announced that complaints have been filed against three more notaries in the state’s ongoing robo-signing investigation. Meghan Shaw, Jennifer Bloecker and Joseph Noel have all been charged with notarization of the signature of a person not in their … [Read more...]
LPS: U.S. Home Prices Drop 1.2 Percent in September
December 6, 2011 by
Lender Processing Services Inc. (LPS) has announced that its LPS Applied Analytics division has updated its home price index (LPS HPI) with residential sales concluded during September 2011. The LPS HPI summarizes home price trends nationwide by tracking sales each month in more than 13,500 ZIP … [Read more...]
First Guaranty Mortgage Announces the Addition of James Cromartie
December 5, 2011 by
First Guaranty Mortgage Corporation (FGMC) has appointed James Cromartie to the position of assistant vice president of business development, national retail production. Cromartie will oversee and grow FGMC’s new Priority Lending Division, intended to provide creative mortgage solutions and … [Read more...]
House Committee Examines FHA’s Financial Viability
December 2, 2011 by
U.S. Department of Housing & Urban Development (HUD) Secretary Shaun Donovan took part in a House Financial Services Committee hearing titled "Perspectives on the Health of the FHA Single-Family Insurance Fund," where Donovan was questioned about the well-being and current financial state of the … [Read more...]