The National Home Equity Mortgage Association has announced that it is lending support to the effort by the National Association of Mortgage Brokers to provide relief for mortgage professionals whose businesses and homes were ravaged by Hurricane Katrina.NHEMA said it is encouraging its members to contribute to the NAMB Hurricane Relief Fund. The association said its support is "part of an unprecedented effort by nonprime mortgage lenders, brokers, and the entire mortgage industry to help Katrina victims." NHEMA can be found on the Web at http://www.nhema.org.
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Lenders may not be able to fully respond to the broader government-sponsored enterprises' rollout of VantageScore 4.0 yet but there is one thing they can do now.
9h ago -
Sellers are easing demands as rates hit 15-month highs, giving buyers leverage. Originators: target sideline buyers before next week's Fed hike lifts rates further.
10h ago -
The decrease in jumbo availability accounted for much of the drop in the latest mortgage credit index, as conforming and government offerings were unchanged.
September 11 -
The consumer price index rose 0.4% last month, in line with July's reading. For a monetary policy committee that has been split on inflation, the inconclusive report will compel the Fed to make a call on whether to raise interest rates or stay put.
September 11 -
Abacus Federal Savings Bank in Chinatown scrambled to reopen in the days following the World Trade Center attacks. The exercise resulted in the bank's first disaster-recovery plan.
September 11 -
The current transaction has the largest collateral pool that the platform has issued all year, with 294 loans, and it has the highest percentage of conforming loans, at 45.1%.
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