We try to keep you up to date with major economic indicators and the collective wisdom of economists, even if the news isn't very good. Today the 24/7 Wall Street blog, which offers solid analysis of the markets, points out the unsettling reality that layoffs are spreading from the sectors...
WOBURN, Mass. -- PercussionR Software, a leading developer of practical software solutions enabling customers to maximize the value and quality of enterprise content, today announced that the Mortgage Bankers Association MBA, the national association of the real estate finance industry, has deployed two newly enhanced Web sites, one serving its...
Byline: Matt Hudgins New rules slated to take effect on Oct. 1 will effectively reduce borrowers' leverage on most multifamily and health care loans backed by the Federal Housing Administration. Unless rescinded by the Department of Housing a ...
Byline: Matt Hudgins When Matrix Capital Partners purchased two Cincinnati apartment complexes in 1998, the company locked in mortgages at modest interest rates of 7% and 8% for 10 years via securitized deals. But that was before the 10-year ...
For the week ended March 11, the market composite index, a measure of mortgage loan application volume, was 727.6, up 3.2 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the index increased 3.5 percent compared For the week...
THE DISMAL state of the mortgage market was confirmed yesterday with the release of latest figures from the British Bankers Association BBA. The number of mortgages approved by the major banks fell to 21,086 in August, the lowest monthly total since the BBA started collecting the information...
In light of the current mortgage crisis, it'sprojected that even more families will face the possibilityof foreclosure. According to the Mortgage Bankers Association, 250,000 newfamilies are entering into foreclosure every three months. Many of thesefamilies impacted by the possibility of foreclosure have dogs and/or catsand may be...
MBAofNY Dinner Sept. 17: The Mortgage Bankers Association of New York will host its 17th Annual Tavern on the Green Dinner from 6 to 9:30 p.m. The guest speaker is Ken Bernstein of Acadia Realty Trust. To register on line, sponsor this event or inquire about membership visit...
Number of approvals down 65% Buy-to-let market suffers Faint hope market has hit bottom Mortgage lending remained at record lows last month, with Britain's beleagured housing market showing little signs of any recovery. While the level of gross mortgage lending...
Partnership showcases how industry is moving from mortgage integrations to debt resolution LOS ANGELES -- Leads360, the market leader in the lead management software industry, announces its integration with debt settlement software provider Prime Debt Soft. The mortgage industry's decline has been disastrous for many companies, but Leads360...
PEARL RIVER, N.Y. -- Edith Roman Associates, an infoGROUP company (NASDAQ: IUSA), today announced that SourceMedia has joined the ePostDirect Co-registration Network, offering marketers the opportunity to gain qualified leads from 28 of SourceMedia's sites. SourceMedia provides market information, including news, analysis, and insight to the financial services and related...
"I have grave concerns about the overzealous attention by legislators" to the reverse-mortgage sector, said Margaret Meg Burns, director-Office of Single Family Program Development, Federal Housing Administration FHA/Department of Housing and Urban Development HUD. Burns was a speaker at the Mortgage Bankers Association's (MBA's) Government Loan and Housing Production Conference...
The level of commercial/multifamily mortgage debt outstanding grew during the first quarter of 2008 even as delinquency rates on commercial/multifamily mortgages rose slightly, but remained near record lows, according to an analysis by the Mortgage Bankers Association MBA. MBA's analysis of the Federal Reserve Board Flow of Funds...
As concern about protection of personal information escalates, and as the statutory and regulatory compliance landscape becomes more complex, look for the demand on an organization's information-security program to intensify, according to a white paper published by the Mortgage Bankers Association MBA. The MBA Residential Technology Steering Committee...
According to estimates from the MBA/STRATMOR Peer Group Survey--conducted by the Mortgage Bankers Association MBA and The STRATMOR Group--gross annualized mortgage technology spending for large prime lenders remained flat in 2007. Among repeat participant companies submitting data for the past two years, average technology spending remained unchanged from...
"May you live in interesting times." Though it sounds at first like some sort of blessing, this saying is the English translation of a mild curse from ancient Chinese. According to Wikipedia, there were two increasingly severe curses that followed: "May you come to the attention of those...
Mortgage Bankers Association MBA President and Chief Executive Officer Jonathan L. Kempner announced on July 22 that he will step down from the position he's held for nearly eight years effective Dec. 31. John A. Courson, a former MBA chairman and industry executive, joined MBA on Aug. l as chief...
A long-awaited major housing bill that would create a new regulator for the government-sponsored enterprises GSEs, as well as modernize the Federal Housing Administration FHA and provide funding for FHA refinancings, passed the Senate in mid-July. The bill's passage was lauded by the Mortgage Bankers Association. [ILLUSTRATION OMITTED]...
The Mortgage Bankers Association MBA has cautiously commended the final changes by the Federal Reserve to Regulation Z of the Truth in Lending Act TILA, under the Home Ownership and Equity Protection Act HOEPA, even as it cautioned the Fed to ensure that the changes do no harm to an...
Jamie Woodwell has been promoted to vice president of commercial/multi-family research, Pace Bradshaw has been promoted to associate director of government affairs, James Hudson has been promoted to developer, Teressa Jefferies has been promoted to marketing manager, Alicia Roundy has been promoted to marketing manager, Mark Lurk has been promoted...
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