Additional companies and organizations with connections to the mortgage and real estate industrieshave announced donations to the relief effort for victims of the Sept. 11 catastrophes. California FederalBank, the San Francisco-based thrift, says it will contribute $100,000 to the September 11th Fund established bythe United Way and The New York Community Trust to aid the victims and their families. The California Associationof Realtors has approved an initial donation of $25,000 to the Realtors Housing Relief Fund established by theNational Association of Realtors to help victims' families meet their housing costs. General Growth Properties,a Chicago-based mall owner and developer, says it will use its 145 malls to host "We Care, America" collectionsites for the American Red Cross effort to aid the victims. Macerich Co., a Santa Monica, Calif.-based owner andoperator of regional malls, also announced that its malls are supporting relief efforts by the Red Cross and theSalvation Army and distributing hand-held flags and flag etiquette guides. The addresses of the company and organizationwebsites are http://www.calfed.com, http://www.car.org, http://relief.realtor.org, http://www.generalgrowth.com, and http://www.macerich.com.
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The drop in the annual metric for FHA loans was the biggest in over four years but other performance indicators ICE Mortgage Technology tracked were mixed.
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NJ Lenders suffered a cyberattack last August, which potentially exposed the names and social security numbers of about 30,000 individuals.
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Its origination volume of $621.8 million was an increase of $114 million compared with the first quarter but its gain-on-sale was 5 basis points lower.
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The mortgage subsidiary of PlainsCapital Bank saw improvement in its bottom line but remained in the red amid ongoing affordability constraints.
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The "stay-put" economy, along with higher mortgage rates, is responsible for this shift where home equity and seconds have a 17.5% market share, Benutech found.
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Though the crimes occurred earlier this decade, they highlight how much easier it has become to create false documents today, given the rise of artificial intelligence.
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