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Author Archives: Carrie Bay

Carrie Bay is a freelance writer for DS News and its sister publication MReport. She served as online editor for DSNews.com from 2008 through 2011. Prior to joining DS News and the Five Star organization, she managed public relations, marketing, and media relations initiatives for several B2B companies in the financial services, technology, and telecommunications industries. She also wrote for retail and nonprofit organizations upon graduating from Texas A&M University with degrees in journalism and English.

CMPS Hosts Training Event in New York

The Certified Mortgage Planning Specialist (CMPS) Institute will host a training event in New York City from July 28-30. The event, CMPS Live!, is co-sponsored by the Maryland Association of Mortgage Brokers.

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California Foreclosures, Defaults Soar to Record Highs

The Golden State continues to be the hardest hit by deteriorating conditions within the housing market. The number of California homes lost to foreclosure totaled 63,061 in the second quarter of 2008, marking a 20-year high, according to a DataQuick Information Systems %{=text-decoration: underline;}%report released on Tuesday.

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House Passes Foreclosure Prevention Act

The House approved the Foreclosure Prevention Act of 2008 today with a 272-152 vote. As we previously reported);/*1216923501193*/, despite the fact that the bill had passed  through the Senate with broad bi-partisan support, there was concern that it would stall in the House, and might even face a presidential veto.

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Majority of Subprime Loans Go to White, Upper-Income Borrowers, According to Ne

According to a report released today by ComplianceTech, the majority of subprime-rate loans in 2006 were made to non-Hispanic whites and upper-income borrowers. The company’s findings are contrary to the way subprime lending has been portrayed in recent media coverage and regulatory dialogue, which has defined subprime-rate lending as primarily a minority and low-income issue.

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MBA Survey Shows Decrease in Mortgage Applications

The Mortgage Bankers Association released its Weekly Mortgage Applications Survey for the week ending July 18, 2008 today. Not surprisingly, the number of mortgage loan applications is on the decline. Last week’s Market Composite Index, which measures mortgage loan application volume, was 489.

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