Mortgage Banking News     Click to continue . . .

  •   Mortgage Rates Slide Back
The average 30-year fixed mortgage rate pulled back to 5.70 percent this week, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.48 discount and origination points.
Bankrate, Inc.,Kayleen Keneally, Senior Direc,New York Ny  07/02/2009

  •   As today`s economic environment puts pressure on older homeowners to find new sources of retirement income and stretch their savings, growing numbers are starting to tap their housing wealth, using home-equity loans or reverse mortgages....and Dataman Gro
A study by MetLife Mature Market Institute finds that 35% of older Americans see their homes not just as secure places to live, but also as collateral for a loan. About 14% are taking cash out of their house through a home equity loan or reverse mortgage. This is a growing reality for affluent households who seek to enhance their lifestyle, as well as middle-income families for whom it may be their only choice. Study findings indicate that older homeowners are using home equity to increase income security, enhance financial resilience to deal with unexpected expenses, and to improve debt management, among other things.
Dataman Group Direct,Dale Filhaber, President,Boca Raton FL  07/02/2009

  •   FTC issues critical advisory opinion to ACA International regarding FDCPA, FCRA
The Federal Trade Commission (FTC), for only the fourth time in its history, recently released an important advisory opinion to ACA International clarifying a conflict between the Fair Debt Collection Practices Act (FDCPA) and the Fair Credit Reporting Act (FCRA).
ACA International,John Nemo,Washington Dc  07/02/2009

  •   Irwin Financial Corporation Announces Sales of Assets and Managerial Changes
Irwin Financial Corporation (NYSE:IFC) , today announced the sale of approximately $190 million of commercial loans in the second quarter and an agreement to sell three branch locations in Indiana, pending regulatory approval, in the third quarter. Approximately $150 million of commercial banking loans were sold to First Financial Bank, National Association. Approximately $40 million other commercial banking and franchise finance loans were sold to other purchasers. In aggregate, the loans were sold at 99.8 percent of par. In addition, Irwin agreed to sell the offices of Irwin Union Bank & Trust Company located in Carmel, Greensburg, and Shelbyville, Indiana to First Financial.
Irwin Financial Corporation,Susan Matthews,Columbus In  07/01/2009

  •   Appraisal Institute Calls on HUD to Rescind Mortgage Regulation
Calls for New Rules on Appraisal Management Companies
Appraisal Institute,Bill Garber,Washington Dc  07/01/2009

  •   Hodgdon Group Represents Ashley Furniture with Collins Commercial to Acquire 439,000 SF in Colton, CA
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Monaghan Communications,Anne Monaghan,Colton California  07/01/2009

Interest Rate Markets News     Click to continue . . .

  •   Fannie Mae Redemption
Fannie Mae (NYSE:FNM) will redeem the principal amounts indicated for the following securities issues on the redemption dates indicated below at a redemption price equal to 100 percent of the principal amount redeemed, plus accrued interest thereon to the date of redemption:
Fannie Mae,Latressa Cox,Washington Dc  07/04/2009

  •   Pricing Partners announced today a remarkable improvement on its independent valuation internet platform
Paris-London: Pricing Partners www.pricingpartners.com, the independent valuation expert and a world leader in mathematical models and analytics for derivatives and structured products, announced today a remarkable improvement on its independent valuation internet platform in order to price more accurately TEC10® and EONIA specific products.
Pricing Partners,Eric Benhamou, Pricing Partner,   07/03/2009

  •   Thomson Reuters Releases Q2 2009 Global Investment Banking Reviews
Thomson Reuters has released the final Q2 2009 global reviews for mergers & acquisitions and capital markets activity.
Thomson Reuters,Clare Arber,London Uk  07/02/2009

  •   Mortgage Rates Slide Back
The average 30-year fixed mortgage rate pulled back to 5.70 percent this week, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.48 discount and origination points.
Bankrate, Inc.,Kayleen Keneally, Senior Direc,New York Ny  07/02/2009

  •   HOUSING RECOVERY UNDER WAY ACCORDING TO INDUSTRY PIONEER
Weichert, Realtors president and founder sees increases in sales and Web traffic as evidence of a stabilizing housing market --
Weichert, Realtors,Delia A. Kang,Morris Plains Nj  07/02/2009

  •   Appraisal Institute Calls on HUD to Rescind Mortgage Regulation
Calls for New Rules on Appraisal Management Companies
Appraisal Institute,Bill Garber,Washington Dc  07/01/2009