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The delinquent loan inventory at two of the nation's largest private mortgage insurers continued to shrink in January, albeit by small amounts, according to data released by both companies.
February 10 -
ISGN, a technology vendor with products across the entire spectrum of mortgage finance, is considering offers for the company, or possibly strategic partnerships, according to industry observers familiar with the matter.
February 10 -
Sales of existing single-family homes in Florida declined by 10% in the fourth quarter, with the median sales price down 5% year-over-year.
February 10 -
The mortgage division of Equifax, Atlanta, had fourth quarter revenue of $29 million, up 27% from the same period in 2009.
February 10 -
The new chairman of the House GSE subcommittee is looking for "immediate steps" Congress can take to reign in Fannie Mae and Freddie Mae and reduce their role in the mortgage market.
February 10 -
Kinecta Federal Credit Union, Manhattan Beach, Calif., which turned a $71 million 2009 loss into a $15 million net for 2010, said it has opened a Midwest operations center in Rosemont, Ill. this month as part of the CU's expansion of its wholesale mortgage lending division.
February 10 -
Mortgage banks are finding that their use of technology is one of the most important tools that affects every facet of their business. An online presence extends marketing reach, loan origination technology ensures customers get their loans underwritten and closed as quickly as possible, and system wide accounting and communication tools allow the main office to facilitate efficiency and cost saving strategies on the branch level, all while keeping an eye on the bottom line.
February 10 -
At age 19, his application to Harvard Business School was rejected. He was devastated at the time.However, exploring other options, he quickly regrouped and sent in a late application to Columbia, where two investment experts that he admired were teaching. He was accepted. There he learned the values and principles that guided his investing.
February 10 -
Depositories could easily finance the demand for jumbo mortgages if Congress decides to substantially reduce GSE loan limits, according to a conservative think tank analyst.
February 9 -
The Treasury Department's 'white paper' on the future of the GSEs not only calls for the federal government to cut the government umbilical to Fannie Mae and Freddie Mac, but estimates that certain mortgage rates could rise upwards of 150 basis points, according to sources who claim to be familiar with some of the plan's contents.
February 9
