Mortgage and Financial News From 2010-3-22 Page 01
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Citi "Re-Entering" Correspondent Channel; Reverse ... - MortgageNewsDaily.com
For investors, reverse mortgages provide unique cash flows with limited average life variability, especially with FHA's Home Equity Conversion Mortgage (HECM) program and GNMA HMBS securities. FHA's HECM program is the dominant producer of reverse ...
2010-03-22 02:43:00 -
We Save Homes, Inc. (WESA.OB) Software Selected by ... - Stockhouse
the sole publicly traded loan modification, loss mitigation and short sale software company assisting US homeowners by providing mortgage risk ... present a package of assets to the lender which helps them keep their home. Boyajian said WESA will ...
2010-03-22 10:07:00 -
Chase signs up for gov't second-mortgage program - Forbes
JPMorgan Chase & Co. on Monday became the third lender to sign up for a long-delayed government program to assist troubled homeowners by modifying home equity loans and other second mortgages. The initiative is part of the Obama administration's $75 ...
2010-03-22 01:03:00 -
Microcosm of the Housing Crisis on an Arizona Street - New York Times
A single mother, she moved out this month, days before her home was sold in a short sale, which meant her mortgage lender allowed her to sell for less than the value of her mortgage and the lender took the loss. And then there is the young couple ...
2010-03-22 07:08:00 -
Foreclosures have jumped sharply in Manchester so far ... - Bennington Banner
... 2009, four completed foreclosures occurred, where a borrower has exhausted all remedies and the house -- either a primary residence or second home -- was put up for sale by the mortgage lender, according to town records. But that total was ...
2010-03-22 10:07:00 -
Franchising with Mortgage Choice - Franchising
Franchising with Mortgage ChoiceFranchising“The best part is, no doubt, the satisfaction of finding a home loan for someone when they have either been rejected by a lender or just thought they ...and more »
2010-03-22 08:30:41 -
US Tsy's Geithner Testimony Excerpts:Govt,GSEs Have Key Role - Market News International
US Tsy's Geithner Testimony Excerpts:Govt,GSEs Have Key RoleMarket News InternationalPrivate capital has not yet returned to provide the amount of funding that would be needed to allow families to get a mortgage to buy a new home or to ...and more »
2010-03-22 08:42:19 -
FHA mortgage delinquencies dropped in February - Washington Post
FHA mortgage delinquencies dropped in FebruaryWashington PostThe FHA played a critical role in propping up the housing market by insuring lenders it works with against losses after the mortgage market unraveled. ...and more »
2010-03-22 09:42:39 -
Foreclosures have jumped sharply in Manchester so far during 2010 - Bennington Banner
Foreclosures have jumped sharply in Manchester so far during 2010Bennington BannerA foreclosure usually starts with a formal complaint being filed by the lender or mortgage holder, and that can come as quickly as a borrower being 30 days ...
2010-03-22 10:10:45 -
Ten things we can learn from Michael Lewis - MarketWatch
Ten things we can learn from Michael LewisMarketWatchDuring the bubble, many smart insiders at the big banks, homebuilders and subprime mortgage lenders were cashing out their stock as fast as they could. ...and more »
2010-03-22 11:06:17 -
Mortgage Borrowing Costs Move Marginally Lower After Reprices - MortgageNewsDaily.com
Consequently lenders increased mortgage rates up to 0.125% on Friday morning. Here is a look at what will impact mortgage rates in the week ahead. For more, read the MND STORY . Gross Domestic Product (GDP). The broadest measure of total economic ...
2010-03-22 04:59:00 -
Hot Off the Wire - dBusinessNews.com
DALLAS--(BUSINESS WIRE)-- MRG Document Technologies (MRG) (www.mrgdocs.com), a provider of mortgage document preparation and compliance technology to banks, credit unions and other lenders nationwide, announced it has been named a RegulatorConnect ...
2010-03-22 06:58:00 -
MRG Document Technologies Named RegulatorConnect ... - Consumer Electronics Net
MRG supports the move to a more automated, electronic data-based exam process for mortgage lenders because of the increased efficiency,' said Laura LaRaia, an attorney and director of customer service at MRG. 'As the regulatory landscape continues to ...
2010-03-22 10:19:00 -
How Goldman Sachs Hurt Black, Latino, Female Households - Diversity Inc
Wall Street banks cheered them on, extending generous credit terms to lenders and offering loan officers extra money to push subprime mortgages. "Wall Street investment banks were subprime mortgage lenders' single most important source of capital and ...
2010-03-22 05:28:00 -
Mortgage audit no help in loan modification - Contra Costa Times
... can help by uncovering mistakes or legal violations in loan documents, giving homeowners a bargaining chip in negotiations with lenders ... perform," says Sylvia Alayon, vice president of operations at the Consumer Mortgage Audit Center, a due ...
2010-03-21 01:59:00