Safeguard Properties Inc., a privately held mortgage field services company based in Brooklyn Heights, Ohio, has announced that it will donate $500,000 in disaster relief for victims of Hurricane Katrina.In addition to the relief donation, Safeguard said it has hosted several "industry awareness" conferences calls that drew hundreds of participants, including representatives from the Department of Housing and Urban Development, Freddie Mac, Fannie Mae, the Department of Veterans Affairs, and the Mortgage Bankers Association, as well as numerous lenders, insurance carriers, field services vendors, and financial service institutions. It has offered to continue the conference calls on a regular basis for the duration of the crisis. Safeguard provides services such as property preservation, inspections, valuations, title, and real-estate-owned and asset management services. The company can be found online at http://www.safeguardproperties.com.
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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.
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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.
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The decrease in jumbo availability accounted for much of the drop in the latest mortgage credit index, as conforming and government offerings were unchanged.
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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.
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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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