-
A few minutes after the Senate passed historic legislation to reform Wall Street, the Securities and Exchange Commission announced that Goldman Sachs had agreed to a record $550 million settlement of civil charges that the firm misled clients that lost $1 billion on a subprime CDO known as ABACUS.
July 15 -
StreetLinks National Appraisal Services LLC has updated its "Warranty of Appraisal Quality" to conform to Fannie Mae's new appraisal regulations.
July 15 -
Nevada had a nearly 60% increase in the rate of loan closings between May and June, according to a study conducted by eLynx.
July 15 -
FBR Capital Markets is recommending investors be "more aggressive" on private mortgage insurers ahead of their second quarter earnings reports.
July 15 -
The average rate for a 30-year fixed rate mortgage during the week ended July 15 matched the previous week's record low of 4.57%, according to Freddie Mac's Primary Mortgage Market Survey.
July 15 -
Mortgage attorneys, consultants, and trade group officials are at odds over the implementation date of restrictions on loan officer/broker compensation-and prepayment penalties-promulgated in the pending Dodd-Frank regulatory reform bill.
July 15 -
The distribution of your business card should not be just an afterthought, but a thoughtfully conceived marketing campaign in and of itself. There are many ways to develop a unique plan that can buy you top of mind awareness—so when someone thinks of mortgages, they think of you.
July 15
-
JPMorgan Chase saw its mortgage banking related income spike by almost 200% in the second quarter to $364 million but is forecasting delinquency related losses of at least $1.8 billion for the next few quarters.
July 15 -
JPMorgan Chase CEO Jamie Dimon said his company was one of "many" broker/dealers that received a subpoena from the Federal Housing Finance Agency which recently launched an inquiry into private label securities purchased by Fannie Mae and Freddie Mac.
July 15