Quote of the Week
"Too bad flood insurance does not pay off loans that are under water."John McDermott, Loan Closer columnist
Reprints
If you would like professionally prepared reprints of articles ... please contact Denise Petratos at 212-803-6557Today in Mortgages
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FHFA Sets New Affordable Housing Goals for GSEs
National Mortgage News | September 2
The GSE regulator Thursday issued new affordable goals that Fannie Mae and Freddie Mac are expected to meet this calendar year.
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Warehouse Lending Chief Out at Southwest Securities
National Mortgage News | September 2
David Frase, executive vice president in charge of warehouse lending at Southwest Securities FSB, Dallas, has left the company, industry officials confirmed to National Mortgage News.
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MBA: Commercial Delinquency Rates Mixed
National Mortgage News | September 2
Delinquency rates on commercial mortgages were mixed in the second quarter. The rate on banks' commercial and multifamily mortgages appears to have reached a plateau, while the delinquency rate for loans in commercial securities continued to climb during the period, according to the latest data from the MBA.
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Pending Home Sales Rise but NAR Not Optimistic
National Mortgage News | September 2
The National Association of Realtors' gauge of future home sales rose 5.2% in July after falling 28% since April when two federal tax credits for home buyers expired.
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Credit Union Will Give Away Foreclosed Home
National Mortgage News | September 2
CP Federal Credit, Jackson, Miss., will give away a foreclosed home on Friday during a noon ceremony at its headquarters, as part of its "Wish Upon A Home" giveaway program.
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REBNY Supports Amendments to Disclosure Law
National Mortgage News | September 2
New York State Governor David Paterson has signed into law amendments to the states real estate agency disclosure law to take effect on January 1, 2011, which will permit consumers to give their advance consent to dual agency representation.
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Fixed Rates Hit More Record Lows
National Mortgage News | September 2
Fixed-rate mortgages as well as the five-year adjustable rate loan tracked by Freddie Mac continue to reach record lows.
Editor's Choice
Fannie Holds Line on Servicer Delays of Foreclosures
National Mortgage News | September 2 | Free with Registration
Fannie Mae wants out of its defaulted residential mortgage holdings as quickly as possible and is warning loan servicers not to stand in its way.
Jumbo Production Increases But Secondary Sales Dont
National Mortgage News | September 1 | Free with Registration
Jumbo loan productionin particular non-GSE jumboshas increased nicely the past few quarters, but it appears that hopes for a revival in the securitization market for these mortgages may be stillborn.
MortgageStats
More News
- S&P Admits Texas Firm to Select Servicer List
- July Loan Modifications Top 120,000 Units
- Sales Figures Increase for GRC
- REO by Megabanks Offered to Non Profits First
- Garrison Buys Problem CRE Loans From Los Angeles Bank
- MBA: Refis Still Dominate the Application Game
- GSEs Issue Guidance on PACE Loans
- NJ Affordable Housing Agreement Renewed
- CRE Outlook Improves While Prices Rise in July
- MetLife Has Big Plans for Warehouse Unit
- Saxon Signs Up For REO First Look Program
- FHA Production Down Slightly, but Heavy Usage for Purchases
- Texas AG Charges Servicer With Violating Debt Collection Laws
Other Voices
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Implementing Dodd-Frank to End Too Big To Fail
National Mortgage News | September 3
To fully end "too-big-to-fail" we need to make our financial system safer for failure. We cannot rely on the hope of perfect foresight—whether by regulators, or by managers of firms, private sector gatekeepers, or other market participants. Financial activity involves risk, and no one will be able to identify all risks or prevent all future crises.
Blog of the Week
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Jon Kempner Come on Down!
What We're Hearing | August 27
THIS JUST IN: He's back! That would be Jonathan Kempner, former president of the Mortgage Bankers Association, who left the trade group a little more than two years ago, just as the mortgage industry was crumbling. But let me clarify: Jon is back, but not in mortgages.
- Lenders Face Internal Rewrite on LO Compensation
- GSEs to Prohibit 'Appraisal Cutting'
- Jon Kempner Come on Down!
- Rural Mortgages May Get a Boost
- New Rules for Mortgage Brokers
- Texas AG Charges Servicer With Violating Debt Collection Laws
- Fannie Holds Line on Servicer Delays of Foreclosures
- The Hidden Cost
- Mortgage Aid Coming from Obama?
- HUD IG Showing Concern About HECM Defaults
- Lenders Face Internal Rewrite on LO Compensation
- Fannie Holds Line on Servicer Delays of Foreclosures
- Reverse Mortgages....Change is Coming...Mindset Is Key
- Texas AG Charges Home Loan Servicer With Violating Debt Collection Laws
- First Michigan Builds Retail
- E-Docs Prove Key as Regulations Pile Up
- The Hidden Cost
- Consumers Get Tips On Fixing Their Score
- Rural Mortgages May Get a Boost
- Dollars and Sense: Deficiency in a Short Sale










