The U.S. View original post here: Fitch: Top 20 Banks May See $80B in Losses … [Read more...]
Gateway Mortgage Adds Molly Reed Davis as Chief of Compliance
February 23, 2012 by
Gateway Mortgage Group has announced that Molly Reed Davis has been named chief credit and compliance officer where she is responsible for overseeing all compliance policies and procedures as well as managing credit relationships for the company. Davis has more than 25 years of senior level … [Read more...]
Existing-Home Sales Rise for the Third Time in Four Months
February 22, 2012 by
According to the latest reports from the National Association of Realtors (NAR), existing-home sales rose in January, marking three gains in the past four months, while inventories continued to improve. Total existing-home sales, which are completed transactions that include single-family homes, … [Read more...]
Appraisal Management Firm MountainSeed Names Nathan Brown Head of Compliance
February 22, 2012 by
MountainSeed Appraisal Management has announced that Nathan C. Brown has joined the company as its chief legal officer and senior compliance manager. Brown brings a substantial wealth of knowledge garnered through years of experience in advising clients through complex financial transactions to … [Read more...]
Foreclosure Starts Begin to Rise in January
February 22, 2012 by
Lender Processing Services Inc. (LPS) has reported the following "first look" at January 2012 month-end mortgage performance statistics derived from its loan-level database of nearly 40 million mortgage loans: ►Total U.S. Read this article: Foreclosure Starts Begin to Rise in January … [Read more...]
How About Them Fraudsters? Former Cowboy Lockhart Faces 10 Years After Mortgage Fraud Conviction
February 20, 2012 by
Following a nearly five-week jury trial, four co-defendants in a mortgage fraud scheme run by former Dallas Cowboy Eugene J. View post: How About Them Fraudsters? Former Cowboy Lockhart Faces 10 Years After Mortgage Fraud Conviction … [Read more...]
Loan Resolution Corporation Announces Acquisition of KeyLink Asset Management
February 20, 2012 by
LRC Asset Management, a majority-owned company of Loan Resolution Corporation, has announced the acquisition of KeyLink Asset Management. KeyLink will now be known as LRC Asset Management. Originally founded by Damien Chiodo and Ty Reed, KeyLink has been known for their unique real estate-owned … [Read more...]
Californian Gets 57-Month Prison Term for Defrauding Mortgage Lenders
February 20, 2012 by
U.S. Continued here: Californian Gets 57-Month Prison Term for Defrauding Mortgage Lenders … [Read more...]
Developing a Solid Branch Starts With Being a Servant
February 17, 2012 by
In today’s uncertain and highly fragmented mortgage industry, mortgage professionals must continually strive to distinguish themselves. Reforms over the past few years have drastically limited the ability of originators to differentiate based on loan rates and structure, but there are still ways … [Read more...]
HUD Pulls Back Proposal Allowing Farm Credit Banks to Participate in FHA Loans
February 17, 2012 by
The U.S. Department of Housing & Urban Development (HUD) has withdrawn a proposed rule to amend HUD’s regulations to allow Farm Credit System banks to participate in the Federal Housing Administration’s (FHA) mortgage loan guarantee program as mortgagees and lenders. The proposed rule was … [Read more...]