Mortgage Banking August 31, 2008
→ Capmark® Partners with CampusMBA to Certify
U.S. Commercial Servicing Staff in the United States, Ireland and India -- Mortgage Bankers Association of America,Aleis Stokes,Washington District of Columbia 08/27/2008
→ RealEC Technologies Selected by Flagstar Bank to Provide Automated Appraisal Management Solutions
RealEC Technologies Inc., the mortgage industry's leading provider of collaborative network solutions, today announced it has entered into an agreement with Flagstar Bank for RealEC's suite of appraisal management solutions, which provides greater automation in Flagstar's wholesale and retail channels of origination. -- RealEC Technologies,Information,SANTA ANA ca 08/26/2008
→ MBA Releases White Paper Outlining Fundamental Data Management Concepts for the Real Estate Finance Industry
The Mortgage Bankers Association's (MBA) Residential Technology Steering Committee (RESTECH) today released a white paper that details the key fundamental concepts of industry data management, one of the most important components in the mortgage banking process. The goal of the paper is to provide an overview of fundamental strategies for assessing and improving overall data management practices while also providing measurement benchmarks and references. -- Mortgage Bankers Association of America,Aleis Stokes,Washington District of Columbia 08/26/2008
→ MBA Names Brinkmann Chief Economist
The Mortgage Bankers Association today announced that Jay Brinkmann has been named the organization's Chief Economist and Senior Vice President for Research and Economics. Brinkmann has been with the MBA since 2001 and has served as the organization's Vice President of Research for most of that period. -- Mortgage Bankers Association of America,John Ferber,Washington District of Columbia 08/26/2008
→ SearchMyLoan.com Announces Partnership with CMG Mortgage
SearchMyLoan.com (SML), a provider of loan search and pricing services for the mortgage industry, announced a strategic alliance with San Ramon, Calif.-based CMG Mortgage, a national lending firm providing both mortgage banking and mortgage brokerage services. -- SearchMyLoan.com,Info,PORT WASHINGTON NY 08/25/2008
→ Intellidyn Expands Award Winning Lead Incubation Solution, with Cost-per-Funded-Loan Below $100
Lenders use automated, situation-generated and personalized emails to build relationships and convert previously overlooked or cold prospects into funded loans -- Intellidyn.com,Gene Devine,Boston MA 08/25/2008
→ NEW PROGRAM ENSURES THE PROVISION OF UNBIASED ADVICE ON MORTGAGES AND LIABILITIES
Financial Crossing`s Independent Advisor Program promotes ethical lending, offers much-needed tools to optimally manage all of a borrowers` liabilities -- Financial Crossing, Inc.,Info,Palo Alto ca 08/25/2008
→ Mortgage Credit News - August 22, 2008
Mortgage rates bottomed again at 6.50%, as they have since May, maintaining a consistently wide spread to the 10-year T-note, likewise bottomed at 3.80%. It will take a substantial negative economic event or news to break below these rates. -- Boulder Mortgage Bank,Lou Barnes,Boulder Colorado 08/25/2008
→ The Risk Management Association and Automated Financial Systems’ Risk Analysis Service Metrics Show Further Deterioration in U.S. Middle Market Credit Quality
The industry’s credit risk benchmark revealed no sign of relief as nonaccruals, delinquencies continue to rise -- The Risk Management Association,Meg McBride,Philadelphia PA 08/19/2008
→ American Home Mortgage Servicing, Inc. Services Approximately 475,000 Loans on Lender Processing Services, Inc.'s MSP
Implements LPS Desktop for Workflow Management -- Lender Processing Services,Michelle Kersch,JACKSONVILLE Fl 08/19/2008
→ FICS’ Servicer Solutions Provide Users a Direct Method for Reporting to Ginnie Mae’s Reporting and Feedback System
Financial Industry Computer Systems, Inc. (FICS®), a mortgage technology specialist that provides in-house residential origination and servicing technology and commercial servicing technology to the mortgage industry, announced that its residential mortgage loan servicing system, Mortgage Servicer™ and its commercial mortgage loan servicing system, Commercial Servicer®, now have the ability to report directly to the Government National Mortgage Association (Ginnie Mae) via Ginnie Mae’s new Reporting and Feedback System (RFS). -- FICS Group,Kelly Graham,Dallas TX 08/19/2008
→ Mortgage Applications Decrease Slightly In Latest MBA Weekly Survey
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending August 8, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 425.9, a decrease of 1.5 percent on a seasonally adjusted basis from 432.6 one week earlier. On an unadjusted basis, the Index decreased 2.2 percent compared with the previous week and was down 36.9 percent compared with the same week one year earlier. -- Mortgage Bankers Association of America,John Ferber,Washington District of Columbia 08/18/2008
→ Mortgage Credit News - August 15, 2008
Mortgage rates are falling, almost 6.50% with the lowest fees. All other interest rates are headed down as well, on glide path parallel to the global economy: the 10-year T-note to 3.83% (traded 4.10% only a week ago), and the 2-year down to 2.37% acknowledges zero probability of a Fed rate hike from its current 2% overnight rate. -- Boulder Mortgage Bank,Lou Barnes,Boulder Colorado 08/18/2008
→ ELLIE MAE ADDS FIRST AMERICAN CORELOGIC’S PROPERTY PAK TO ITS ONLINE ENCOMPASS APPRAISAL CENTER
One-stop solution adds accuracy and saves time as appraisers receive detailed appraisal orders and property information online -- Ellie Mae Inc.,David Lewis,Pleasanton California 08/18/2008
→ MBA Study Shows Government-Insured Share of Mortgage Applications for July Tripled in the Past Year
The government-insured share of mortgage applications tripled in the past year according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey. Of all mortgage applications accepted during the month of July 2008, 29.1 percent were for government-insured loans (consisting of mostly FHA loans) compared to 8.4 percent in July 2007. -- Mortgage Bankers Association of America,Sarah Tinsley,Washington District of Columbia 08/18/2008
→ Mortgage Credit News - August 8, 2008
Mortgage rates are a hair lower, under 6.75% now, but spreads to Treasurys have widened despite overt Treasury backing of Fannie and Freddie. -- Boulder Mortgage Bank,Lou Barnes,Boulder Colorado 08/08/2008
→ Mortgage Applications Slightly Increase In Latest MBA Weekly Survey
-- Mortgage Bankers Association of America,Sarah Tinsley,Washington District of Columbia 08/06/2008
→ MISMO® Completes Milestone Two of Version 3.0
Industry Continues to make progress on MISMO's Version 3.0 Architecture -- Mortgage Bankers Association of America,Aleis Stokes,Washington District of Columbia 08/05/2008
→ NEW! Seamless Integration Between MortgageDashboard(TM) and Office XSites by a la mode
MortgageDashboard(TM) now has a seamless integration with Office XSites by a la mode. MortgageDashboard(TM) users with an a la mode Web site can now export their new loan applications directly to their MortgageDashboard(TM) LOS -- completely eliminating retyping. Whenever a new customer signs onto MortgageDashboard(TM), they will automatically get a free Originator level XSite with a 20-day trial of the Office level XSite features, including the integration with MortgageDashboard(TM). The integration also allows XSite users to receive a fully integrated MortgageDashboard(TM) account. -- A La Mode Inc.,Ellana Walker,Oklahoma City Oklahoma 08/05/2008
→ ModCo Solutions Launches Operations to Assist Mortgage Servicers
- Specialized firm aims to connect servicers and borrowers by performing field outreach campaigns. - -- ModCo Solutions,Erin Forbes, 08/05/2008
→ ELLIE MAE PARTNERS WITH MORTGAGE POWER NETWORK, GIVING ENCOMPASS USERS ACCESS TO CHIP CUMMINGS’ MARKETING TOOLS
Users get one-click access to Encompass training, mortgage information and marketing tools to improve productivity and profits -- Ellie Mae Inc.,David Lewis,Pleasanton California 08/04/2008
→ Mortgage Credit News - August 1, 2008
Mortgage rates are back down to 6.50% (low-fee), taken by sudden understanding that the economy probably passed its high point for the year in June. -- Boulder Mortgage Bank,Lou Barnes,Boulder Colorado 08/04/2008
→ SearchMyLoan.com Announces Strategic Alliance with JMAC Lending
-Lender’s extensive loan programs now available through pricing and search engine -
SearchMyLoan.com (SML), a provider of loan search and pricing services for the mortgage industry, announced a strategic alliance with Huntington Beach, Calif.-based JMAC, a lender offering diversified product lines and competitive pricing to the wholesale funding market. -- SearchMyLoan.com,Info,PORT WASHINGTON NY 07/31/2008
→ MAVENT OBTAINS INNOVATIVE TECHNOLOGY PATENT FOR MORTGAGE COMPLIANCE
Mortgage compliance pioneers assist lenders nationally amid mortgage crisis; technology quickly and effectively determines loan compliance -- Mavent Inc.,Lou Pizante,Irvine California 07/31/2008
→ BasePoint`s Opinion on Reporting Mortgage Fraud - Fighting Fraud with Frank
If a tree falls in a forest and no one is around to hear it, does it make a sound? You have probably heard this riddle which presents the situation of a reality (the tree falling) and a human observation (hearing a sound). Did the sound the tree made when it fell really exist when no one was around to hear it? Can something exist without it being recognized by the world? Is recognition necessary for existence? -- BasePoint Analytics,Info, 07/30/2008
→ MBA's Quinn Hails Senate Passage of Housing Bill
Kieran P. Quinn, CMB, Chairman of the Mortgage Bankers Association (MBA) issued the following statement following the Senate's passage of H.R. 3221, The Housing and Economic Recovery Act of 2008. -- Mortgage Bankers Association of America,John Ferber,Washington District of Columbia 07/30/2008