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Mortgage Lending July 15, 2008
→ Coreland Companies Represents Seller in Sale of Office Condo in Costa Mesa, CA for $1,900,000
Steven J. Hogberg of Coreland Companies represented the seller in the $1.9 million sale of a two-story 9,780 sq. ft. office condo building located at 3505 Cadillac Ave. in Costa Mesa, CA within Cambridge Park, a 220,000 sq. ft. business park. -- Monaghan Communications,Anne Monaghan,Tustin California 07/15/2008
→ Coreland Companies Lands 7 New Retail Leasing Assignments in So. CA Totaling Nearly 750,000 SF
Coreland Companies of Tustin, Calif., one of the largest real estate service companies based in California, was awarded seven new retail leasing assignments in Southern California totaling nearly 750,000 square feet during the second quarter of 2008. The team of Matt Hammond, Bryan Bauer, Thomas Tway and Tim Muller will be handling the various leasing assignments. -- Monaghan Communications,Anne Monaghan,Tustin California 07/14/2008
→ global warming
he world agree that man-made greenhouse gases from fossil fuels are causing global warming. -- ,Mohammad Islam,Aligarh u.p India 07/12/2008
→ save The Purple-rumped Sunbird
The Purple-rumped Sunbird, Leptocoma zeylonica (formerly placed in the genus Nectarinia), is a sunbird. The sunbirds are a group of very small Old World passerine birds which feed largely on nectar, although they will also take insects, especially when feeding young. Flight is fast and direct on their short wings. It can take nectar by hovering like a hummingbird, but usually perches to feed most of the time. Purple-rumped Sunbird is a common resident breeder in tropical southern Asia in India, Sri Lanka, Bangladesh and Myanmar. -- ,Mohammad Islam,Aligarh u.p India 07/12/2008
→ New Report by Center for Responsible Lending Shows How IndyMac Fueled Growth with Unsound and Abusive Home Loans
As IndyMac Bancorp battles questions about its financial stability, a new report from the Center for Responsible Lending provides evidence that IndyMac put itself in a hole by engaging in unsound and abusive lending during the nation's mortgage boom. -- Center for Responsible Lending,Kathleen Day, 07/10/2008
→ Mortgage Employment Stabilizing
Second-quarter jobs losses in the real estate finance sector fell by more than half from the prior quarter and the prior year, according to mortgage employment data tracked by http://www.mortgagedaily.com/. -- MortgageDaily.com,Sam Garcia,Irving Texas 07/10/2008
→ ZERO SETTLEMENT FEES
PA Settlement is offering zero settlement fees to enchance potential earnings. Customers simply pay title insurance and recording fees. -- PA Settlement Services, Inc.,Kandi Jablonski,Pittsburgh Pennsylvania 07/10/2008
→ LSSI`s New Servicer3D™ Recognized as Top Loan Servicing Software
Side By Side Comparison Places Servicer3D in Top Tier -- Lender Support Systems Inc.,Greg Martin,Poway California 07/10/2008
→ FIRST AMERICAN CREDCO SUPPORTS UPDATED FHA RISK-BASED-PREMIUM CREDIT ASSESSMENT
—Instant Merge® and Anthem Suite® Exceed Guidelines for Credit Reporting, Decision Credit Score and Non-Traditional Credit— -- First American Credco,David Woodruff,Poway California 07/10/2008
→ Fortes Financial Secures National City Mortgage Wholesale Division
Fortes Financial, Inc. has completed the assumption of five regional wholesale offices formerly belonging to National City Mortgage Corporation. The offices are located in San Diego, Dallas, Chicago, Fredrick MD and Atlanta. Dallas based Mortgage Search & Acquisition (MSA) played an integral role in the transaction. -- Fortes Residential Mortgage Company,Info,Dallas tx 07/10/2008
→ AVISTA SOLUTIONS NAMED ONE OF NATION’S TOP 50 SERVICE PROVIDERS
Company receives third distinction in two years -- Avista Solutions,Mark Phlieger,Columbia South Carolina 07/10/2008
→ Fred Melgaard Joins DRI Management Systems
Lending and technology veteran assumes senior management role at servicing software leader -- DRI Management Systems Inc,Paul Wright,Newport Beach California 07/10/2008
→ LOVE FUNDING WELCOMES DANA ZDENEK TO ITS DALLAS OFFICE
Love Funding today announced that Dana Zdenek has joined the national mortgage-banking firm as First Vice President – Loan Originator. Zdenek will operate from Love Funding’s Dallas office, where she will be in charge of commercial loan origination. -- Love Funding Corp.,Robyn Cunningham,Dallas TX 07/10/2008
→ HFF secures $27.19 million in joint venture equity for Class A multifamily development in Hollywood
The Los Angeles office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it arranged joint venture equity on behalf of JPI, Inc. for Jefferson at Hollywood, a Class A multifamily development in Hollywood (Los Angeles), California. -- HFF (Holliday Fenoglio Fowler, L.P.),Laurie Fish McDowell,LOS ANGELES ca 07/10/2008
→ HFF secures $27.4 million bridge loan for five-building office portfolio in Needham, Massachusetts
The Boston office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it secured a $27.4 million bridge loan for a five-building, 226,000-square-foot office portfolio in the New England Business Center in Needham, Massachusetts. -- HFF (Holliday Fenoglio Fowler, L.P.),Laurie Fish McDowell,Boston MA 07/10/2008
→ Mortgage Builder Named to Mortgage Technology Magazine’s “Top 50 Service Providers” for Second Straight Year
Loan origination software leader recognized for service, innovation and reliability -- Mortgage Builder Software Inc,Keven Smith,Southfield Michigan 07/10/2008
→ Mortgage Builder Recommends Electronic Document Management for Companies Who Want to Save Money and “Get Green”
Lenders can say goodbye to paper, hello to higher profitability in hours, says leading loan origination software provider -- Mortgage Builder Software Inc,Keven Smith,Southfield Michigan 07/10/2008
→ Prospect Mortgage to Acquire IndyMac Bankcorp Mortgage Retail Branches
Prospect Mortgage has signed an agreement to acquire the majority of IndyMac Bankcorp's retail mortgage branches. Terms of the transaction were not disclosed. -- Metrocities Mortgage, LLC,Jason Karpf,(Northbrook IL 07/10/2008
→ 90 million refinancing arranged by HFF for retail and office building in Manhattan’s Meatpacking District
The New York office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it arranged a $90 million refinancing for 401 West 14th Street, a 62,199-square-foot retail and office building in Manhattan’s Meatpacking District. -- HFF (Holliday Fenoglio Fowler, L.P.),Laurie Fish McDowell,NEW YORK NY 07/10/2008
→ $85 million financing arranged by HFF for Boston Harbor Garage
The Boston office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it arranged $85 million in financing for the Boston Harbor Garage, a 1,380-space parking garage with 30,000 square feet of street-level retail. -- HFF (Holliday Fenoglio Fowler, L.P.),Laurie Fish McDowell,Boston MA 07/10/2008
→ HFF secures $33.8 million financing for 200 Kimball Drive in Parsippany, New Jersey
The New Jersey office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it secured $33.8 million in financing for 200 Kimball Drive, a Class A office building in Parsippany, New Jersey. -- HFF (Holliday Fenoglio Fowler, L.P.),Laurie Fish McDowell,FLORHAM PARK NJ 07/10/2008
→ Mortgage Applications Increase In Latest MBA Weekly Survey
-- Mortgage Bankers Association of America,Sarah Tinsley,Washington District of Columbia 07/09/2008
→ OWNING A HOME EASIER WITH NEW INCENTIVES
Now is a great time to consider homeownership through the Ohio Housing Finance Agency’s (OHFA) First-Time Homebuyer Program. A new incentive by the Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) allows Ohioans the opportunity to purchase a HUD home for a $100 down payment, receive a $2,500 sales allowance and take advantage of an attractive interest rate for an FHA mortgage through OHFA’s program. -- Ohio Housing Finance Agency,Erin Biehl,Columbus Ohio 07/09/2008
→ Foreclosure Shorts - 07/09/2008
Latest articles on Foreclosures -- Bill Draving Company, Inc.,Bill Draving,San Antonio Texas 07/09/2008
→ Splash Media, LP's Subsidiary, Mortgage Media, LLC, (MPTN) Announces Agreement With Mortgage Power Network (MPN) to Provide Bundled Training Product Offering to Mortgage Industry
Splash Media, LP, a leading video publisher and innovator of online video training content and corporate communication, has finalized agreements with Mortgage Power Network (MPN) to create and distribute a collaborative video training offering to the mortgage industry via the newly formed Mortgage Professional Training Network (MPTN). The content will be delivered utilizing Splash Media's proprietary technology via streaming video over the Internet. -- Splash Media, LP,Jeff Johnson, 07/09/2008
→ Letting the Markets Work: St. Louis Fed Analyzes the Mortgage Crisis
When it comes to the current mortgage crises, large-scale government interventions directly in housing or mortgage markets are not necessarily the best policy responses. By allowing markets to sort themselves out quickly, a foundation for sustainable homeownership and responsible mortgage lending can be re-established. -- Federal Reserve Bank of St. Louis,,Adriene L. Mathes, ST. LOUIS, mo 07/09/2008
→ Foreclosure Preventions By Industry On Pace For Record
More Than 1.7 Million Mortgage Workouts Since July 2007 -- HOPE NOW,Kate McGann,Washington DC 07/07/2008
→ Mortgage Applications Increase In Latest MBA Weekly Survey
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending June 27, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 477.7, an increase of 3.6 percent on a seasonally adjusted basis from 461.3 one week earlier. On an unadjusted basis, the Index increased 3.2 percent compared with the previous week and was down 22.8 percent compared with the same week one year earlier. -- Mortgage Bankers Association of America,Sarah Tinsley,Washington District of Columbia 07/07/2008
→ KEY BUSINESS PROGRAMS AT ABA ANNUAL MEETING TO ADDRESS EFFECTS OF ECONOMIC SLOWDOWN ON BANKS, HEALTH CARE INDUSTRY AND MORE
Banks and health care delivery systems in financial crisis and the future of securitized residential loans are among critical business law programs featured at the 2008 American Bar Association Annual Meeting, Aug. 7-12, in New York City. -- American Bar Association,Suzanne Cibotti,Chicago il 07/07/2008
→ Reverse Mortgages - Book
After more than 4 years in the making my book`s pre-publication promotion has begun nationally in The Mortgage Press newspapers. Please reserve your copy today! -- Credo Mortgage,Atare Agbamu,Erlanger Kentucky 07/07/2008
→ Mortgage Credit News - July 3, 2008
The immediate credit market response to a wave of new economic data is as-was, lowest fee mortgages 6.50%, 10-year T-note just under 4.00%.
However, this week marks very significant change: economic decline here and in Europe is now beyond argument, and the decline is fighting inflation for the Fed and ECB, neither of which needs to raise its rate further. -- Boulder Mortgage Bank,Lou Barnes,Boulder Colorado 07/04/2008
→ Lend America Receives Approval For Ginnie Mae Issuer Status
Under goes extensive approval process to position itself to further help borrowers - Significant proof point on quality and strength of business -- LendAmerica,Mary McPhall,Melville NY 07/01/2008
→ HFF arranges $33.34 million recapitalization for Inland Empire multifamily communities
The Orange County office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it arranged recapitalizations totaling $33.34 million for two multifamily communities in California`s Inland Empire, Sunscape Apartment Homes in Alta Loma and Linden Court Townhomes in Rialto. -- HFF (Holliday Fenoglio Fowler, L.P.),Laurie Fish McDowell,Irvine CA 07/01/2008
→ Amerisave Mortgage New Comp Plan
Our new Comp plan will be going into affect tomorrow! With our new comp plan you can now make up to 38% in overrides alone! Contact me for details or visit www.amerisavecareers.com -- Amerisave Mortgage Corp.,Kyle Zotter,Atlanta GA 06/30/2008
