Mortgage Builder, a provider of loan origination software technology, recently announced the creation of its new client-focused position of VP, client development. The company designed the position for Kelli Himebaugh, Mortgage Builder’s sales manager …
Monthly Archive
for: ‘September, 2010’
Loan Delinquencies Slow for Housing Finance Agencies: S&P
In the first quarter of 2010, state housing finance agencies’ (HFAs) delinquencies declined for the first time since overall performance of loans began to deteriorate in the second quarter of 2008, according to Standard & Poor’s. But the agency’s analy…
REOs the Topic du Jour in Washington
Neighborhoods across the country are riddled with empty bank-owned homes and unoccupied foreclosures that erode neighboring property values and open the door for blight and criminal activity.
The nation’s glut of vacant REOs took center stage in Wa…
Regulators Unable to Provide Date for Banks’ SAFE Act Compliance
The Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act) stipulates that residential loan officers at banks, credit unions, and other federally regulated financial institutions must register their names and fingerprints with a national dat…
Loan Modifications Surpass One Million Mark for 2010
The industry has completed 1.13 million permanent loan modifications for at-risk homeowners so far in 2010, according to data released Wednesday by HOPE NOW.
The organization also reports that since January of this year, mortgage delinquencies of 6…
Los Angeles Adopts MERS System
As an alternative to its registry of foreclosed properties and property preservation contacts for vacant properties, the city of Los Angeles is adopting the MERS System, an electronic loan registry that acts as a nominee in county land records on behal…
Mortgage Applications Increase as Rates Hit New Low
Mortgage interest rates have dropped to their lowest level in decades, and even with tight credit conditions, more borrowers are beginning to take advantage. The Mortgage Bankers Association (MBA) reported Wednesday that its index measuring mortgage lo…
RiskSpan, Inc. Hires Bank of America Default Exec
RiskSpan, Inc., a provider of integrated risk and valuation solutions, announced Wednesday that Allen H. Jones is the company’s new managing director of its Washington, D.C., federal services consulting practice. Jones has more than 25 years in mortgag…
