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  •   FHA Insider: FHA responds to short payoffs and delays appraisal rules
On Dec. 16, 2009, the Federal Housing Administration (FHA) published Mortgagee Letter 09-52, which issued guides for mortgage originators in circumstances where borrowers receive a short payoff from their current lender on either a sale or a refinance. Here is a summary of the five things you need to know about these changes: 1. Changes are effective as of Dec. 16, 2009.
NationalMortgageProfessional.com,NMP Media Services,   03/09/2010

  •   Fairway Independent Mortgage more than doubles its sales in New England region in 2009
Fairway Independent Mortgage Corporation announced that it has more than doubled its mortgage sales in New England in 2009, becoming one of the largest mortgage lenders in the region. Mortgage loan volume for the company`s New England offices grew from $295 million in 2008 to $720 million in 2009, a 244 percent increase. Fairway is now ranked 28th in mortgage loan volume in Massachusetts, up from 76th in 2008, just two years after opening its first Massachusetts branch in February of 2006.
NationalMortgageProfessional.com,NMP Media Services,   03/09/2010

  •   DocuSign releases Exclusive REALTOR Edition for NAR members
DocuSign, a provider of on-demand electronic signature solutions, has announced the release of DocuSign REALTOR Edition. This exclusive eSignature service is specifically tailored for and available to members of the National Association of REALTORS (NAR). DocuSign REALTOR Edition includes a rich feature set with special NAR member-only branding. The release of DocuSign REALTOR Edition follows NAR’s announcement of DocuSign as the official and exclusive ESIGN provider for its 1.1 million members under the association’s REALTOR Benefits Program.
NationalMortgageProfessional.com,NMP Media Services,   03/09/2010

  •   National Quick Sale and Hollander join forces to expedite short sales
National Quick Sale, a provider of short sale automation technology, has announced a business partnership agreement with real estate and mortgage services provider Hollander Financial Holding Inc. of Claremont, Calif., to promote the use of its short sale platform’s capabilities through Hollander’s extensive network of real estate professionals across the country. National Quick Sale’s Web-based technology enables all parties in a short sale opportunity to easily monitor workflow and complete documentation requirements in a condensed time frame.
NationalMortgageProfessional.com,NMP Media Services,   03/09/2010

  •   Appraisal Organizations Oppose Use of BPOs in HAFA Program
In a letter to Treasury Secretary Timothy Geithner on Monday, four appraisal organizations, representing more than 35,000 real estate appraisers, voiced their opposition to the Home Affordable Foreclosure Alternatives program, set to take effect April 5, 2010.
DSNews.com,Admin,   03/09/2010

  •   Commercial Mortgages Performing Better than Other Loans: MBA
The magnitude of the commercial real estate (CRE) downturn is a topic of intense debate. One school of thought argues that bad CRE loans could send the nation into another tailspin recession, while others say the industry has the advantage of lessons learned from the housing crisis to successfully weather the storm. New data from the Mortgage Bankers Association (MBA) Tuesday seems to support the latter. MBA has concluded that commercial and multifamily mortgages continue to have the lowest charge-off rates of any loan type.
DSNews.com,Admin,   03/09/2010