Home / Author Archives: Brittany Dunn (page 38)

Author Archives: Brittany Dunn

Mortgage Applications Fall for Second Straight Week

Marking the second consecutive week of decreased activity, mortgage application volume tumbled 9.6 percent for the week ending April 9, 2010, the Mortgage Bankers Association (MBA) reported Wednesday. This is the third lowest Market Index recorded in the survey since the end of June 2009.

Read More »

MBA’s Former SVP of Commercial/Multifamily Reclaims Her Position

The Mortgage Bankers Association (MBA) announced Monday that it has named Gail Cardwell as SVP of commercial/multifamily -- a position she previously held. Cardwell rejoins MBA from the Manufacture Housing Institute (MHI), where she served as the president, CEO, and principal spokesperson for the organization.

Read More »

REDC Auctions 65 Condos in Miami Area

In an announcement Tuesday, Real Estate Disposition, LLC (REDC), a real estate auction company based in Irvine, California, said it sold 100 percent of the San Lorenzo condominiums it auctioned in the Little Havana area of Miami this last weekend. In just two-and-a-half hours, the company auctioned a total of 65 condos at 110 percent of reserves and 88 percent of retail before a crowd of 375 potential buyers.

Read More »

HOPE NOW Workshops Provide Help to ‘At-Risk’ Nevada Homeowners

In the latest of a string of homeownership preservation events offered by HOPE NOW, representatives from more than a dozen mortgage servicers and several local HUD-approved housing counselors were on hand last week in Nevada to assist more than 2,300 struggling homeowners who attended workshops offered in Reno and Las Vegas.

Read More »

Standard & Poor’s and Moody’s Dodge Another Lawsuit

In another win for Standard & Poor's and Moody's Corp., U.S. District Judge Jed Rakoff dismissed a lawsuit claiming the companies defrauded investors who relied on their ratings before buying $63 billion of investment-grade mortgage-backed securities. This isn't the first lawsuit investors have filed against the two credit ratings agencies. And it isn't the first one to be dismissed either.

Read More »

HUD Institutes Foreclosure Moratorium for Rhode Island Storm Victims

Following the severe flooding in Rhode Island, HUD recently instituted a 90-day moratorium on foreclosures of Federal Housing Administration (FHA)-insured mortgages in four counties across the state, including Kent, Newport, Providence, and Washington. While the foreclosure suspension is only mandated for FHA-insured mortgages in these counties, Rhode Island's Attorney General, Patrick Lynch, is asking all lenders to consider voluntary moratoria on non-FHA mortgages as well.

Read More »

Illinois County Launches Foreclosure Mediation Program

Last November, the board of commissioners of Cook County, Illinois, agreed to include a $3 million amendment in the county's budget in order to create a mortgage foreclosure mediation program. The program, which applies to Cook County residential properties that are owner-occupied, single family homes or individual condominium units and owner-occupied residential properties with four units or less, officially launched on Monday.

Read More »

Countdown To Buy Enters Into Third Pilot Program

foreclosure

Countdown To Buy, a next-generation online real estate marketplace, announced Monday that it has entered into a new pilot program with a leading lending institution of offer a sampling of foreclosed properties located in Arizona, Hawaii, Illinois, Maryland, Massachusetts, Missouri, Washington, D.C., and Wisconsin. In addition the company has received additional properties in both Connecticut and Texas from existing clients after successfully generating accepted offers is 25 days or less on all properties placed on the platform.

Read More »

MDA DataQuick Services Tapped by Top Financial Institutions

San Diego-based MDA DataQuick, a division of MDA Lending Solutions and an independent provider of property data to real estate and mortgage professionals, recently announced that it has secured more than $2.6 million in contracts with four of the top 10 financial institutions in the United States.

Read More »

Ocwen Sees Success in Fight Against Foreclosure by Using MKDirect

West Palm Beach, Florida-based Ocwen Loan Servicing, a provider of residential and commercial loan servicing, special servicing, and asset management services, announced Friday that it has seen marked success in its fight against foreclosure after just three months of using MKDirect, a MortgageKeeper Referral Services product that connects homeowners to high-quality nonprofit government services.

Read More »