Recently added articles from Mortgage Banking:
Looking for a clearing.(Portfolio)(Editorial)
Oct 01, 2009; Hewitt, Janet Reilley ... As October begins, there is no definitive sign the housing market's historic recession is behind us. The unemployment rate for September just inched up a notch to 9.8 percent, and job losses for the month were worse than expected. We are in seesaw mode--every few steps of improvement are ...
In November.(Correction notice)
Oct 01, 2009; ... We examine major trends in reverse-mortgage lending. ...
Existing-home sales slip in August, prices also fall.(Briefing Book)(Report)(Statistical data)
Oct 01, 2009; ... Existing-home sales slipped slightly in August from July's pace, but remain at a level that is 3.4 percent higher than one year ago. That was the latest report from the National Association of Realtors[R] (NAR), Chicago. Sales of existing homes in August 2009 were running at 5.1 million ...
Second HAMP servicer report card issued, Treasury testifies on results.(Briefing Book)(home affordable modification program)(Report)
Oct 01, 2009; ... Assistant Secretary for Financial Institutions Michael S. Barr, Treasury's point man overseeing the Home Affordable Modification Program (HAMP), testified Sept. 9 before a House subcommittee to share the latest findings on efforts to prevent foreclosures. In his testimony, he quoted ...
FHA commissioner announces steps to tighten credit policy.(Briefing Book)(Federal Housing Administration)(Law overview)
Oct 01, 2009; ... The new Commissioner of the Federal Housing Administration (FHA), David H. Stevens, tried to head off concerns about the expected results of its annual independent actuarial study by announcing a set of credit policy changes to tighten risk-management capabilities. Stevens also announced ...
Mortgage bankers average production volume per firm.(Business Barometer)
Oct 01, 2009; ... <Pre> 4Q08 $125.6 million 1Q09 $213.9 million * Includes independent mortgage bankers and ...
Regions mortgage ranks first in servicer-satisfaction survey.(Briefing Book)
Oct 01, 2009; ... Westlake Village, California-based J.D. Power and Associates released the latest edition of its Primary Mortgage Servicer Satisfaction Study in late August, and the findings show Regions Mortgage climbed several spots from last year to nab the top ranking, Regions had been ranked sixth in ...
Council on Ensuring Mortgage Liquidity releases proposed framework.(Briefing Book)(Report)(Brief article)
Oct 01, 2009; ... The group of secondary market experts appointed by the Mortgage Bankers Association (MBA) to serve on the Council on Ensuring Mortgage Liquidity has released a paper containing recommendations for a proposed framework for the secondary market. The paper, titled MBA's Recommendations for ...
Moody's publishes data on MBS downgrades from vintages 2005-2008.(Briefing Book)
Oct 01, 2009; ... In August, Moody's Investors Service, New York, published charts showing the total number of downgrades and upgrades it had made on certain mortgage-backed securities issued between 2005 and 2008. The findings show ratings changes for issues backed by sub-prime, option-adjustable-rate ...
MBA reports new records for seriously delinquent loans and foreclosures.(Briefing Book)(Report)
Oct 01, 2009; ... New records are being set repeatedly this year when it comes to delinquencies and foreclosures--and the second quarter results proved no exception. The Mortgage Bankers Association reported in late August that the rates for loans that are delinquent, 90 days or more past due, or in ...
July home prices post slight monthly dip nationwide.(Briefing Book)(Brief article)
Oct 01, 2009; ... Integrated Asset Services[R] LLC (IAS), Denver, released its IAS360[TM] House Price Index findings for July, and it showed national prices were down 0.5 percent in July compared with the month earlier. The slight dip marked the first down month for its index since February, the company ...
Georgia banking department orders loan-mod firm to cease and desist.(Briefing Book)(Brief article)
Oct 01, 2009; ... On Sept. 21, an order issued by the Georgia Department of Banking and Finance to Atlanta Home Modification Services LLC, Lawrenceville, Georgia, to cease and desist doing business became final. The firm was doing business as Atlanta Home Mods and was found by the department to ...
Ginnie Mae issues close to $45 billion in MBS in August.(Briefing Book)(Ginnie Mae is an official site for United States. Government National Mortgage Association)(Report)(Brief article)
Oct 01, 2009; ... Ginnie Mae announced in mid-September that it had issued more than $44.73 billion in mortgage-backed securities during the month of August. The wholly owned government corporation within HUD is running way ahead of last year in MBS issuance as homeowners are flocking to FHA loan programs. ...
One-third of mortgages underwater as of 2Q 2009.(Briefing Book)(Brief article)(Statistical data)
Oct 01, 2009; ... New data from First American CoreLogic Inc., Santa Ana, California, found that 32.2 percent of all mortgaged properties were in a negative-equity position as of the end of June 2009. The company said that negative-equity or near-negative-equity mortgages together account for nearly 38 ...
Lenders One sets production record in first-half 2009.(Briefing Book)(Lenders One Mortgage Coop.)(Financial report)(Brief article)
Oct 01, 2009; ... Reflecting the strength in the mortgage market during the first half of the year, and alliance of independent mortgage bankers set a record for production during this year's first half. Lenders One, St. Louis, a 135-member alliance of mortgage bankers, originated $21.2 billion in mortgage ...
Foreclosure inventories hit record highs in LPS report.(Briefing Book)(Lender Processing Services)(Brief article)
Oct 01, 2009; ... The August edition of Jacksonville, Florida-based Lender Processing Services' (LPS') Mortgage Monitor Report found some good news and some bad, but all-in-all the findings are still pretty grim. The report, which is based on data collected as of July 31, 2009, found that jumbo prime ...
J.D. Power survey finds Pulte brands rank highest in customer satisfaction in 12 markets.(Briefing Book)
Oct 01, 2009; ... Customer satisfaction with new-home builders improved for the second straight year in the J.D. Power and Associates 2009 U.S. New-Home Builder Customer Satisfaction Study[SM] released in September. This is the study's 13th year, and it rates satisfaction with builders in 24 markets. ...
Innovation and industry collaboration are the keys to avoid preventable foreclosures.(Executive Suite)(Wells Fargo & Co.)
Oct 01, 2009; Heid, Michael J. ... With all that has been written about the causes of our country's economic condition, it is easy to lose sight of the focus and motivation that conscientious mortgage lenders and servicers--such as Wells Fargo--have maintained from the very beginning: to do everything possible to promote ...
October 2009-January 2010.(Calendar of Events)(Calendar)
Oct 01, 2009; ... <Pre> October 2009 Oct. 3-6 National Council of State Housing Agencies (NCSHA) Annual Conference & Tradeshow, San Antonio, Texas [www.ncsha.org/conference.cfm/2882] Oct. 4-6 National Association of Housing and Redevelopment ...
The ticker.(Statistical table)
Oct 01, 2009; ... <Pre> Company Ticker Price Price 52-Week 52-Week Symbol Close Close High Low 8/31/09 7/31/09 Fannie Mae FNM 1.93 0.58 7.95 0.30 Freddie Mac ...
