Union Street Mortgage Company USMC, which can originate, process, underwrite, close, and fund most loans in-house, has a relationship with a Wall Street firm that owns a large, lucrative national mortgage servicer. To establish this client relation Union Street Mortgage Company USMC, which can originate, process,...
This paper examines how changes in technology have affected the structure and business practices of firms in the single-family mortgage industry in the last two decades. The paper also discusses how mortgage lenders, Fannie Mae and Freddie Mac, and other firms are seeking to exploit business opportunities created by technological...
This article examines trends in prime-market mortgage lending to low- and moderate-income families and to families living in U.S. Department of Housing and Urban Development–defined underserved areas affordable lending. It also examines how economic conditions and several aspects of the organizational structure of the mortgage industry, such as lender size...
IRVINE, Calif. -- Argent Mortgage Company, a leading national wholesale mortgage lender, now offers a fully amortized 40/30 loan program that performs like a 40-year loan for the first ten years of the loan term. With the Argent fully amortized 40/30 loan product, the borrower can enjoy a lower payment...
Jan. 5--Mortgage lenders in the Memphis area said the Federal Reserve's surprise announcement Wednesday that it would lower short-term interest rates probably will spur mortgage refinance activity and housing sales. Jan. 5--Mortgage lenders in the Memphis area said the Federal Reserve's surprise announcement...
SANTA ROSA, Calif.--BUSINESS WIRE--Nov. 12, 1996--North American Mortgage CompanyR, one of the nation's largest residential lenders, has joined forces with United Airlines in an innovative program that will reward frequent flyer miles to those borrowers who purchase or refinance a home, according to Terrance G. Hodel, president and chief operating...
WHEN WASHINGTON MUTUAL, the country's second largest mortgage lender, cut its earnings projections for 2003 and 2004, the news sent stocks down for home builders and mortgage banks alike. Did the December announcement from Wampum, as the Seattle-base WHEN WASHINGTON MUTUAL, the country's second largest mortgage...
MEXICO CITY, Oct 7, 2002 (Notimex/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- Standard & Poor's has granted the mortgage company Sociedad Hipotecaria Federal a stable outlook based on the backing it gets from the Mexican governme MEXICO CITY, Oct 7, 2002 (Notimex/Corporate Mexico by...
BLUE BELL, Pa.--BUSINESS WIRE--March 14, 1995--Unisys Corp. Tuesday announced that it completed in just three months the implementation of an advanced multivendor network to support the expansion of customer service operations at National Westminster Home Loans NatWest Home Loans, a major mortgage company based in the United Kingdom.
Feb. 14--FBI agents seized at least two dozen boxes of documents Friday from the headquarters of National Finance Corp. and confirmed the dealings of the defunct mortgage company are under investigation. Feb. 14--FBI agents seized at least two dozen boxes of documents Friday from...
Two recent surveys confirmed hearsay evidence that more mortgage lenders - especially commercial banks - prefer Freddie Mac's automated underwriting system to Fannie Mae's. Lenders surveyed included banks, mortgage banks and thrifts, and about one-fourth Two recent surveys confirmed hearsay evidence that more mortgage lenders - especially commercial banks -...
Patrick McInnis, 38 President and CEO Quicken Loans Inc. and Rock Financial Livonia Biggest achievement: Sustaining growth at the nation's largest online mortgage lender. Current goal: To double revenue to $1 billion and increase...
NEW YORK-A new front is opening in the legal war over the World Trade Center's insurance coverage, as the WTC's mortgage lender, GMAC Commercial Mortgage Corp., sues to protect its interest in payouts under the $3.55 billion property program. In a NEW YORK-A...
Atlanta-based HomeBanc Mortgage Corporation is one of the largest retail mortgage lenders in the Southeast and has ranked among the top online mortgage lenders in the United States. The company wanted a high volume processing of applications while increasing customer service and reducing cycle time. The company was recommended Verity's...
BellwetherReport.com is the leading onlinefinancial newsletter for investors seeking top independent and unbiasedresearch. Investors seeking free and unbiased analyst opinions on thecompanies mentioned in this release are encouraged to sign up to www.bellwetherreport.com for a free subscription to access these reports.Today, we have once again scheduled interviews with a...
Buyout offers and some pleasant surprises for earnings helped East Bay stocks out-perform the national and Bay Area stock indices during a largely grim third quarter for investors that was haunted by the mortgage meltdown and credit crunch. By the time the July-September quarter had ended on...
WASHINGTON -- Adding to their woes, mortgage finance giants Fannie Mae and Freddie Mac are facing a federal grand jury investigation into their accounting practices. The mortgage finance companies said Monday that a federal grand jury in New York is investigating accounting, disclosure and corporate governance issues...
Loan pricing engine, targeted product suite offers mortgage companies flexible growth WEST PALM BEACH, Fla. -- OpenClose[R], developers of Web-based, end-to-end mortgage lending software, announced today the company has significantly expanded its loan pricing engine and product suite, Decision Assist[TM]. The enhancement turns one pricing engine into four...
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