RECENT BLOG POSTS
FROM: MORTGAGENEWSDAILY.COM These compliance checks are killing my productivity.The environment is crazy.   I just got a repurchase demand on a loan that {edited} bought THREE YEARS AGO and then subsequently sold in a small servicing sale.  The servicer who purchased the loan identified an       ...
04/08/2010
From : Mortgage news daily. com HUD said that the proposed Good Faith Estimate (GFE) will substantially enhance disclosure of all important aspects of the loan, including: The interest rate and monthly payment; ' Whether the interest rate and principal balance can increase and by how much; and ' ...
12/15/2009
The average conforming mortgage rates during the week ending Oct. 29 were only very slightly higher than the week previous, according to the most recent Freddie Mac Primary Mortgage Market Survey. The average rate for a 30-year fixed-rate mortgage inched up to 5.03% from 5.00% the previous week b...
10/30/2009
IN CASE YOU MISSED IT: Windsor Capital Mortgage Corp., the San Diego-based company that was once the nation's second largest mortgage broker according to Broker magazine, is not filing for bankruptcy or closing down, said its chief executive Ron Temko. Instead, the company is becoming a "boutique...
06/27/2009
AmTrust Financial of Cleveland, one of the nation's largest wholesale mortgage lenders. The bank is selling more of its Ohio branches. First Place Financial of Warren, Ohio, said this past week that it has agreed to buy AmTrust's three branches in Lake County, along with $225 million of deposits...
06/27/2009
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WASHINGTON NEWS: Two congressmen have introduced legislation that would place an 18-month moratorium on the Home Mortgage Valuation Code of Conduct, a Fannie Mae/Freddie Mac edict that - among other things - bans loan brokers and loan officers from directly ordering appraisals. The bill specifica...
06/27/2009
Freddie Mac said loan delinquencies on its portfolio and guarantee book of business rose to 2.01% in May, an 8% uptick from the previous month, but a 229% increase from the same period last year. The increase in delinquencies is not surprising given the deteriorating condition of home values and ...
06/26/2009
An Ohio man has been charged with mail fraud in connection with a scheme to fraudulently obtain mortgage loans. According to William J. Edwards, U.S. attorney for the Northern District of Ohio, from August 2003 through January 2005, Paul R. Tomko of Middleburg Heights, among others, allegedly exe...
06/26/2009
The Senate Banking Committee has approved the nomination of David Stevens to be the new Federal Housing Administration commissioner, clearing the way for his confirmation by the full Senate. Mr. Stevens' nomination has been held up for several months due to alleged Real Estate Settlement Procedur...
06/26/2009
Growing uncertainty about Federal Reserve Board Chairman Ben Bernanke's role in pushing Bank of America Corp. to go through with its deal to buy Merrill Lynch & Co. is likely to delay regulatory restructuring plans and give ammunition to those seeking to prevent the central bank from receiving mo...
06/26/2009
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Willie S. Haddad

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