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Author Archives: Kerri Panchuk

New Tool Makes Processing Loans Easier

Sacramento, California-based First American CoreLogic (FACL),  a part of The First American Corp., is boasting of a new Web-based tool — called Atone — which is designed to streamline the process that precedes all major decisions made on mortgage loans.

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Survey Shows Consumers Worried About Obtaining Loans

A new survey from Synovate of Chicago for GDEXAuto—a Web based marketplace that allows auto dealers and financial institutions to package, buy and sell asset-backed debt—shows that younger borrowers are especially worried about the impact subprime mortgage loans will have on their ability to purchase big ticket items, like cars, in the future.

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Countrywide: Loan Fundings Drop in October

Calabasas, California-based Countrywide Financial Corp. reported Tuesday that mortgage loan fundings for the month of October, as well as the company’s average daily mortgage loan application activity, fell last month when compared to the same period in 2006.

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MCS Upgrades Web site

Tampa, Florida-based property preservation and inspection services provider Mortgage Contracting Services (MCS) is meeting customer demand for a more interactive online Web site with the launch of its new site, https://www.

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OFHEO Hints that NY Attorney General May Be Overstepping

The Office of New York Attorney General Andrew Cuomo received a letter from the Office of Federal Housing Enterprise and Oversight (OFHEO) on Friday requesting that Cuomo’s office meet directly with the GSE regulator before moving forward with subpoenas filed earlier in the week against Fannie Mae and Freddie Mac.

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