Mortgage Lending September 15, 2008

→   Federal Conservatorship of Fannie Mae and Freddie Mac
Federal Conservatorship of Fannie Mae and Freddie Mac In the wake of the Federal Conservatorship of Fannie Mae and Freddie Mac, we at MIAC generally expect a `business as usual` environment. However,. there are nuances to the terms of the conservatorship that may produce micro-level changes, as well as some macro-level changes to the landscape of the industry in the near-term. While we await clarity on the implementation of these nuances, this Special Edition of MIAC Perspectives identifies a few areas for continued discussion, observation, and focus to determine what might happen, along with our recommendations for how mortgage bankers can best position themselves going forward...Read Article. For further information on MIAC, please visit www.MIACAnalytics.com. -- Mortgage Industry Advisory Corp.,Dan Thomas,New York New York  09/11/2008



→   Hanley Investment Group Sells Four Properties to All Cash Buyers at 6% and Below Cap Rates
Jeremy McChesney of Hanley Investment Group Real Estate Advisors represented the buyers in the sale of four single-tenant retail properties in Southern California for a total consideration of $13,567,000. The properties are located in Big Bear Lake, Rancho Cucamonga, Garden Grove and Los Angeles. -- Monaghan Communications,Anne Monaghan,newport beach California  09/09/2008



→   Amerisave now hiring 50 ICC employee`s immediately!
A refinance boom like you have not seen in years is about to hit us! Cost to do a typical 240k loan, from Friday to Monday, have come down by approximately $3,000! Moody and other analysts are predicting rates will continue to come down drastically from where they have been based on the fact that our Government is going to start buying Mortgage Backed Securities. This is going to create a huge refi boom allowing you to make great money with Amerisave right now! -- Amerisave Mortgage Corp.,Kyle Zotter,Atlanta GA  09/08/2008



→   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.notanothernetbranch.com -- Amerisave Mortgage Corp.,Kyle Zotter,Atlanta GA  09/08/2008



→   KTGY Principal Ken Ryan to Speak at CA Chapter of American Planning Association (CCAPA) Conference
KTGY Principal Ken Ryan will be a panelist at the 2008 California Chapter of the American Planning Association (CCAPA) Conference`s session, `What Council Members Really Want,` on Monday, Sept. 22, 2008, from 4:30 - 5:45 pm in Hollywood, CA. -- Monaghan Communications,Anne Monaghan,Newport Beach California  09/05/2008



→   HFF arranges $90 million construction loan for Archstone Avenir in Boston
The Boston and Dallas offices of HFF (Holliday Fenoglio Fowler, L.P.) announced today that they arranged a $90 million construction loan for the development of Archstone Avenir, a 241-unit multifamily community in Boston, Massachusetts. -- HFF (Holliday Fenoglio Fowler, L.P.),Laurie Fish McDowell,Boston MA  09/04/2008



→   $172.5 million construction/mini-permanent loan arranged by HFF for three Maryland multifamily developments
The Washington, D.C. and Dallas offices of HFF (Holliday Fenoglio Fowler, L.P.) announced today that they arranged a $172.5 million construction/mini-permanent loan for three multifamily developments totaling 1,134 units in Maryland. -- HFF (Holliday Fenoglio Fowler, L.P.),Laurie Fish McDowell,WASHINGTON dc  09/04/2008



→   Wachovia, Midland/PNC, Capmark and Wells Fargo Top Mid-Year Rankings of National Commercial/Multifamily Servicing Volumes
The Mortgage Bankers Association (MBA) today released its mid-year ranking of commercial and multifamily loan servicers as of the end of June 30, 2008. On top of the list of firms is Wachovia Securities with $434.3 billion in U.S. master and primary servicing, followed by Midland Loan Services/PNC Real Estate Finance with $273.8 billion, Capmark Financial Group, Inc. with $258.3 billion and Wells Fargo Bank with $179.5 billion. -- Mortgage Bankers Association of America,John Ferber,Washington District of Columbia  09/04/2008



→    Fair Isaac Insights: How Can Fraud Models Combat New Tricks?
A “bolt-on” adaptive model layer, which self-learns new fraud patterns, boosts detection by nearly 20% in recent test. -- Fair Isaac Corporation,Rachel Carawan,Minneapolis Minnesota  09/04/2008



→   Mortgage Applications Increase In Latest MBA Weekly Survey
-- Mortgage Bankers Association of America,Sarah Tinsley,Washington District of Columbia  09/03/2008



→   Pennsylvania to Join Nationwide Mortgage Licensing System
Secretary of Banking Steve Kaplan said today that Pennsylvania is among the 20 states that will join the Nationwide Mortgage Licensing System this year. -- Pennsylvania Department of Banking,Dan Egan,HARRISBURG PA  09/02/2008



→   RBS Enhances Mortgage Group Amid Broad Expansion
Scott Eichel and David Cannon Named Co-Heads of Growing Team That Includes 16 New Professionals -- RBS Greenwich Capital,Peter Ward,GREENWICH cyt  09/02/2008



→   American Pacific Mortgage Makes Big Impact at CAMB Annual Convention
"Despite the black cloud hanging over the mortgage industry, the California Association of Mortgage Brokers (CAMB) annual convention, held August 6th-9th in Sacramento, was a success," says Kurt Reisig, CEO of American Pacific Mortgage Company. "To have a forum like this; that mortgage brokers can come together and collaborate, and share survival strategies is vital. I believe in and support what CAMB is doing for our industry, that is why it was important to me that American Pacific Mortgage contribute as much as possible." -- American Pacific Mortgage Corp,Melissa Arntzen,Roseville California  09/02/2008



→   Legislature Passes Mortgage Reform Bill Contains important reforms, but omits critical pieces
AB 1830, the California legislature's strongest piece of legislation designed to rein in the abuses in the mortgage market, passed the Senate today with a 21-16 vote. It must go back to the Assembly for concurrence before being sent to the governor. -- Center for Responsible Lending,Kathleen Day,OAKLAND ca  09/02/2008



→   MBA Outlines Essential Tips for Gulf Coast Homeowners In Advance of Hurricane Gustav
The Mortgage Bankers Association (MBA) today announced essential tips for Gulf Coast homeowners as they anticipate the arrival of Hurricane Gustav. MBA urges homeowners to take a proactive approach to gathering all important home loan and financial documents as well as account and contact information before they evacuate. The following tips are intended to help renters and homeowners as they prepare for a storm that could cause damage to their home and neighborhood. -- Mortgage Bankers Association of America,Aleis Stokes,Washington District of Columbia  09/02/2008



→   b2b portal
i-Net B2B Portal Script provides everything you need, to establish a professionally looking online B2B portal like clone of Alibaba -- ,Inetsolution,chennai Tamilnadu  09/02/2008



→   $206.99 million in financing secured by HFF for national Class A multifamily portfolio
The Hartford office of HFF (Holliday Fenoglio Fowler, L.P.) announced today it secured first mortgage financing totaling $206.99 million for six Class A multifamily communities throughout the United States. -- HFF (Holliday Fenoglio Fowler, L.P.),Laurie Fish McDowell,HARTFORD ct  08/28/2008



→   HFF arranges debt and equity totaling $46.5 million for Encinitas, California mixed-use development
The San Diego office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it arranged a construction loan and joint venture equity for the development of Pacific Station, a Whole-Foods anchored mixed-use project in the northern San Diego city of Encinitas, California. -- HFF (Holliday Fenoglio Fowler, L.P.),Laurie Fish McDowell,SAN DIEGO ca  08/28/2008



→   FORMER HUD SECRETARY CISNEROS CITES HOUSING DECLINE AS UNPRECEDENTED DRAG ON US ECONOMY; CALLS FOR NEW STIMULUS PACKAGE WITH STRONG HOUSING MEASURES
FHLBank San Francisco DNC Forum Releases New Demographic Data on Sub-Prime Borrowers -- The Federal Home Loan Bank of San Francisco,,Denver CO  08/28/2008



→   Mortgage crisis: Blame the bank?
Banks have played a big role in the mortgage crisis, not only because they issued loans to suspect borrowers, but because many originated and sold bad loans to other lenders, says a University of Michigan business professor. -- Bernie DeGroat,Purnanandam,Ann Arbor MI  08/28/2008



→   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



→   Advanced Mortgage Planning Training Encourages Standardization and Elevates Professionalism
CMPS Institute is offering its first advanced mortgage training initiative entitled Client LifeCycle™ on October 6-8, 2008 in San Francisco, California. The event will present high level financial knowledge with a theme of taking mortgage professionals through the various stages of a client’s life and identifying suitable mortgage recommendations based on the client’s circumstances. “This is very timely in light of new federal requirements for mortgage bankers and brokers to adhere to higher educational and ethical standards,” said Gibran Nicholas, Chairman of the CMPS Institute. -- CMPS Institute,Josephine Nicholas,ANN ARBOR MI  08/27/2008



→   Mortgage Applications Increase Slightly In Latest MBA Weekly Survey
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending August 22, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 421.6, an increase of 0.5 percent on a seasonally adjusted basis from 419.3 one week earlier. On an unadjusted basis, the Index decreased 0.9 percent compared with the previous week and was down 31.2 percent compared with the same week one year earlier. -- Mortgage Bankers Association of America,Sarah Tinsley,Washington District of Columbia  08/27/2008



→   Over 2 Million Foreclosures Prevented In Past Year By Hope Now Alliance Members
Number of homeowners helped in July 2008 sets another monthly record -- HOPE NOW,Kate McGann,Washington DC  08/27/2008



→   Coreland Companies Lands Over 1.5 Million SF in Retail Management Assignments in Southern California
Tustin, Calif.-based Coreland Companies announced that the firm has recently been awarded eight new retail management assignments in Southern California totaling more than 1.5 million square feet including 47th Street Pavilion in Palmdale; Vernola Marketplace in Mira Loma; Talega Village Center in San Clemente; Redlands Town Center in Redlands; Porter Ranch Shopping Center in Los Angeles; Diamond Hills Plaza in Diamond Bar; Mission Plaza in San Fernando; and Centre Pointe Marketplace in Valencia. -- Monaghan Communications,Anne Monaghan,newport beach California  08/26/2008



→   $33.5 million refinance of Back Bay apartments arranged by HFF
The Boston office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it secured a $33.5 million refinancing for St. Germain Apartments, a 207-unit brownstone apartment complex in Boston’s Back Bay neighborhood. -- HFF (Holliday Fenoglio Fowler, L.P.),Laurie Fish McDowell,Boston MA  08/26/2008