According to the Mortgage Bankers Association's (MBA) analysis of the Federal Reserve Board flow of funds data, the level of commercial and multifamily mortgage debt outstanding fell to $3.43 trillion in the third quarter, representing a $28 billion or 0.8 percent decrease from the second quarter of 2009.
Read More »Total Mortgage Services Releases Update on 2009 Performance
Total Mortgage Service, LLC (TMS), a mortgage lender and broker based in Milford, Connecticut, provided an update on Thursday regarding its 2009 performance and the company's outlook and initiatives for 2010.
Read More »Progress and Plans Announced by the Maryland Mortgage Fraud Task Force
In a press conference on Thursday, members of the Maryland mortgage fraud task force highlighted their progress thus far and discussed their plans for the future.
Read More »MBA Promotes Six Employees
In an announcement today, the Mortgage Bankers Association (MBA) said it has promoted six of its employees. The company now has a new VP of public affairs, two new AVPs, and three new directors.
Read More »HUD Establishes Standards for State Compliance with SAFE Act
On Tuesday, HUD announced the publication of a proposed rule setting the minimum standards that states must meet in licensing loan originators to comply with the Secure and Fair Enforcement Mortgage Licensing Act of 2008 (Safe Act).
Read More »Comprehensive Foreclosure Legislation Signed Into Law
New York residents now have further protection against foreclosures.
Read More »Builder Confidence Decreases in December: NAHB
As continued weakness in the economy and job markets weighed on consumers’ potential home buying plans, builder confidence in the market for newly built, single-family homes decreased in December, according to the National Association of Home Builders (NAHB).
Read More »Workout Solutions for California Homeowners Outpace Foreclosure Sales at a 2-1 Ratio
In her testimony before the State Assembly Select Committee on the safety and protection of at-risk communities in California, Faith Schwartz, executive director of the HOPE NOW alliance, said more than 279,000 California homeowners received mortgage workout solutions through October 2009.
Read More »Mortgages Rates on the Rise: Zillow
According to the Zillow Mortgage Rate Monitor, rates for 30-year fixed mortgages, 15-year fixed mortgages, and 5-1 adjustable rate mortgages are increasing.
Read More »LenderLive Prepares for 2010 RESPA Changes
On Wednesday, LenderLive Network Inc., a Denver, Colorado-based provider of business process outsourcing and technology to the financial industry, will confirm its completion of all software upgrades and modifications necessary for ensuring its services are compliant with the new Real Estate Settlement Procedures Act (RESPA) regulations.
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