Category — Mortgage News
Washington State Considers Borrower Short Sale Protections
Banks could soon be barred from pursuing deficiency judgments against Washington state borrowers aft...
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February 1, 2012 No Comments
Citigroup Sees Big Jump in Buybacks, But Fundings Increase
Citigroup repurchased 6,800 residential loans in 2011, an 80% jump from 2010 with Fannie Mae and Fre...
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January 17, 2012 No Comments
FBR Capital Expects Political Winds to Become More Bank Friendly
FBR Capital said JPMorgan Chase (JPM: 34.99 -2.59%) stands to benefit from strong capital levels...
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January 17, 2012 No Comments
People Are Buying Homes…AND Getting Mortgages
Many believe that very few houses are selling and that almost no one can get a mortgage. We want to ...
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January 12, 2012 2 Comments
GSA Opts for Web Based Mortgage Mediation Technology
The federal government is putting in place mortgage technology allowing for its workers to track dis...
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December 20, 2011 No Comments
House Panel Passes Garrett Proposal on Future Mortgage Securitizations
Jon Prior via Housing Wire A House subcommittee passed a proposal from Rep. Scott Garrett, R-N.J., ...
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December 20, 2011 No Comments
Lenders Lost $7 Million in Mortgage Fraud Scheme: U.S. Attorney
Natalie Lopez via NBC Washington An Ashburn, Va., man has been charged by a federal grand jury with...
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December 20, 2011 No Comments
Zillow adds Mortgage Tools to AOL Real Estate Sites
by Greg Lamm via TechFlash The Zillow Mortgage Marketplace is up and running on AOL, as the online ...
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December 20, 2011 No Comments
Fannie Mae: 2012 To See Obstacles From Debt Crisis, Markets Stress
by Nathalie Tadena, Wall Street Journal While 2011 will end on a positive note due to strong fourth...
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December 20, 2011 No Comments
Stricter rules on mortgage lending welcomed by industry
by Victoria Weldon MORTGAGE lenders have largely welcomed a shake-up of the financial market aimed ...
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December 20, 2011 No Comments
US Senate Democrats Questions Regulators’ Foreclosures Probe
Alan Zibel via Dow Jones Newswires WASHINGTON -(Dow Jones)- U.S. Senate Democrats on Tuesday questi...
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December 13, 2011 No Comments
Conversations With Wall Street: The Inside Story of the Financial Armageddon [Excerpt]
by Monika Mitchell and Peter Ressler via Huffington Post Wall Street and Main Street operate on two...
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December 13, 2011 No Comments
Today’s Mortgage Process Requires More Patience
by Peter Boutell, Santa Cruz Sentinel A few weeks ago I wrote that today's mortgage guidelines were...
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December 12, 2011 1 Comment
Mortgage Cadence Gears Up for New Reverse Mortgage Underwriting
Alyssa Gerace via Reverse Mortgage Daily Reverse mortgage software developer Mortgage Cadence, LLC ...
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December 6, 2011 1 Comment
Mortgage Group Spent $320,000 on 3Q Lobbying
via AP The Mortgage Insurance Companies of America spent $320,000 to lobby the federal government o...
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November 29, 2011 No Comments
Hill Bargainers Agree to Boost Size of FHA-backed Mortgages, but Not Fannie’s, Freddie’s
via Washington Post Congressional bargainers have agreed to increase the size of mortgages insured ...
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November 15, 2011 No Comments
Mortgage Industry Added Jobs In Third Quarter
via Mortgage Orb Hiring outnumbered layoffs in the mortgage sector in the third quarter, marking th...
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November 15, 2011 No Comments
Mortgage Brokers Still Run Amok Three Years After Market Meltdown
by Neil Roland via The Street Mortgage brokers, many of whom originated deceptive loans that helped...
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November 9, 2011 1 Comment
Credit Scores to Factor in More Consumer Data
Mary Ellen Podmolik via Los Angeles Times Many consumers applying for a mortgage are going to start...
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November 9, 2011 No Comments
Google Enters the Mortgage Loan Business
Business News Express via Melissa O’Neill LoanSifter, Inc. (www.LoanSifter.com), provider of the ...
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November 8, 2011 No Comments
Coester Warns On Lenders Not Being Ready for UCDP and UAD Deadlines
Brian Coester, Coester Appraisal Group The Uniform Collateral Data Portal (UCDP) and Uniform Apprai...
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November 1, 2011 No Comments
Mortgage Lenders Could Soon Take Homes’ Energy Costs Into Account
Kenneth Harney via Washington Post When you apply for a mortgage to buy a house, how often does the...
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November 1, 2011 1 Comment
A Realistic Fix for the Mortgage Crisis
By Elyse Cherry via Los Angeles Times President Obama recently announced that the federal governmen...
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November 1, 2011 No Comments
Mortgage Rates Week of October, 31, 2011
Brian McKay via Monitor Bank Rates Mortgage rates are barely changed this week over last. Today’s...
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November 1, 2011 No Comments
MetLife Provides $725 Million in Financing for Manhattan Office Buildings
Emily Philips via MetLife NEW YORK, Oct 31, 2011 (BUSINESS WIRE) -- MetLife, Inc. MetLife announced...
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November 1, 2011 2 Comments
HARP Strikes A Sour Chord
Matthew Campione via Forbes Around 11 million homeowners, about 25% of all homeowners, owe more ...
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November 1, 2011 No Comments
Mortgage Insurers Grapple with High Delinquency Rates
Paragon Financial Limited, via Market Watch The Paragon Report Provides Equity Research on PMI Grou...
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October 25, 2011 No Comments
Homeowner Taps ‘Occupy’ Protest to Avoid Foreclosure
Kari Huus, msnbc California woman's case may show how movement can use its muscle against banks. &...
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October 18, 2011 No Comments
Temporary Post Used For Theme Detection (052c57e0-375e-443c-8211-901c4f719014 – 3bfe001a-32de-4114-a6b4-4005b770f6d7)
This is a temporary post that was not deleted. Please delete this manually. (927296a1-e66c-4a32-b47d...
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August 2, 2011 No Comments
Coester Appraisal Group (AMC) Announces UCDP Compliance
Uniform Collateral Data Portal and Uniform Appraisal Dataset July 11, 2011—Rockville, MD—Coest...
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July 11, 2011 No Comments
Ally Financial to withdraw Maryland foreclosures signed by Jeffrey Stephan
By Dina ElBoghdady and Ariana Eunjung Cha
Washington Post Staff Writers
Ally Financial, one of the...
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January 19, 2011 No Comments
Mortgage Apps Up Again in MBA Weekly Survey
Key, Melissa -MBA NewsLink
Mortgage application activity, helped by steady mortgage rates, improv...
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January 19, 2011 1 Comment
Federal officials studying how to protect housing market
By Zachary A. Goldfarb
Washington Post Staff Writer
Federal officials took two steps Tuesday to ...
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January 19, 2011 1 Comment
FHFA, HUD Form Joint Initiative on Alternative Mortgage Servicing Comp Structure
Sorohan, Mike -MBA Newslink
The Federal Housing Finance Agency announced yesterday that it has di...
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January 19, 2011 No Comments
Total Mortgage Identifies Key Trends in the Mortgage Marketplace in 2011
MILFORD, CONNECTICUT - (January 11, 2011), Total Mortgage Services, LLC, a leading national mortgage...
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January 18, 2011 1 Comment
FHFA: Mortgage Servicing Fees Won’t Change Before Mid-2012
By Andrew Johnson and Cheyenne Hopkins -American Banker
The Federal Housing Finance Agency confir...
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January 18, 2011 No Comments
FDIC Refines Guidance on How Dodd-Frank Affects ABS
By Anusha Shrivastava -Dow Jones
Seeking to quell concerns that Dodd-Frank legislation could unde...
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January 18, 2011 1 Comment
Treasury May Offer Options, Shy Away from Specifics, in GSE Plan
By Donna Borak -American Banker
The Treasury Department's continued silence on its pending plan f...
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January 18, 2011 No Comments
Housing Industry Readies Mortgage Tax Break Fight
by Steve Kerch -RISMEDIA
The housing industry is girding for a fight in Congress to protect the m...
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January 18, 2011 1 Comment
Housing Moving to Higher Ground in 2011
-RISMEDIA
Housing will see gradual improvements in activity this year as the nation’s economy a...
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January 18, 2011 No Comments
Fed Labors to Get Its Message Out
By SUDEEP REDDY -Wall Street Journal
Federal Reserve officials, who meet next week to ponder mone...
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January 18, 2011 No Comments
Obama Launches Rule Review, Pledging to Spur Jobs, Growth
by Elizabeth Williamson -The Wall Street Journal
President Barack Obama plans a government-wide r...
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January 18, 2011 2 Comments
Fed Survey Sees Easing of Terms in Wholesale Credit Market
Major U.S. banks provided more favorable financing to hedge funds and other large institutional inve...
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January 17, 2011 No Comments
Auditors See Rising Defaults in Rural Loans
By WILLIAM NEUMAN -The New York Times
Seeking to buoy a strained rural economy in the midst of th...
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January 14, 2011 No Comments
Big Lenders May Lose Under Plan for Simpler Mortgage Disclosure
By Carter Dougherty -Bloomberg
The Consumer Financial Protection Bureau said it will soon begin w...
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January 14, 2011 1 Comment
Policymakers Ask: Should Government Fuel Small Biz Lending, or Get Out of the Way?
By Joe Adler -American Banker
WASHINGTON — With small-business credit still sluggish, policyma...
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January 14, 2011 2 Comments
Subprime Flashback Underscores Jumbo Lender’s Balancing Act
By Kate Berry -American Banker
Some mortgage brokers must have wondered for a moment if they wer...
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January 13, 2011 No Comments
In their fight with banks over mortgage losses, investors get on borrowers’ side
By Ariana Eunjung Cha and Dina ElBoghdady
Washington Post Staff Writers
The fight between big ...
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January 13, 2011 1 Comment
Concern Over Defaulting Reverse Mortgages
By Brian Collins and Brad Finkelstein -American Banker
Mortgage bankers and the National Council ...
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January 12, 2011 1 Comment
Fannie, Freddie Said to Weigh Servicing Fee Overhaul
By Jeff Horwitz -American Banker
For decades, mortgage servicers handling Fannie Mae and Freddie ...
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January 12, 2011 No Comments
Goldman Vows to Be More Open About Its Business
By BEN PROTESS and SUSANNE CRAIG -The New York Times
Brendan Mcdermid/ReutersGoldman Sachs has pl...
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January 12, 2011 No Comments
PFM Data Is Getting Lost in Translation
By Jeremy Quittner American Banker
"Show me the money" is not as simple a request as it once wa...
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January 11, 2011 No Comments
Mortgage Assumption Turned on Its Ear as Refi, Purchase Costs Converge
By Sara Lepro American Banker
It used to be axiomatic that it was cheaper for a lender to refin...
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January 11, 2011 No Comments
Job Market Uncertainty in Fourth Quarter, Survey Says
Murray, Michael MBA News
Despite some optimism, employees remained pessimistic about pay raises a...
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January 11, 2011 No Comments
FHA Revises November Delinquency Rate
By Brian Collins American Banker
The Federal Housing Administration has revised the November ser...
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January 11, 2011 No Comments
Judges Berate Bank Lawyers in Foreclosures
By JOHN SCHWARTZ The New York Times
With judges looking ever more critically at home foreclosures...
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January 11, 2011 No Comments
Fed returned $78.4 billion to Treasury
The Washington Post
The Federal Reserve paid a record $78.4 billion in earnings to the government...
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January 11, 2011 No Comments
MBA Letter Voices ‘Deep Concern’ Over Proposed Combined Servicing/Risk Retention Standards
Sorohan, Mike -MBA News
The Mortgage Bankers Association yesterday sent a strongly worded letter ...
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January 11, 2011 No Comments
If Your Bank Is Failing, Should You Take Files to Protect Yourself?
Joe Adler -American Banker
As directors and officers of failed banks brace for Federal Deposit I...
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January 11, 2011 No Comments
FDIC Aims to Stay Focused as It Moves Beyond Crisis
Joe Adler -American Banker
For the past two years, the Federal Deposit Insurance Corp. has mainta...
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January 10, 2011 No Comments
Washington People: Target: Dodd-Frank
By Rob Blackwell and Donna Borak and Joe Adler -American Banker
Hard-core opponents of the Dodd-F...
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January 10, 2011 No Comments
Survey Reveals Americans Not Financially Fit for Retirement
by Kelly Mellott
The Sixth Annual Retirement Fitness Survey, conducted by Wells Fargo and Company...
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January 10, 2011 No Comments
Consumer Groups, Lawmakers Press Fed to Withdraw TILA Plan
By Donna Borak -American Banker
Consumer groups and top members of the Senate Banking Committee...
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January 7, 2011 No Comments
PayPal Tries Cloud Cover to Fend Off Further Attacks
By Sean Sposito -American Banker
PayPal Inc. weathered last month's Internet attacks better than ...
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January 7, 2011 No Comments
‘We’re Not Them’: MetLife Recruiting in Mortgages
By Kate Berry -American Banker
Brian Hale, MetLife Bank's president of mortgage banking, says he...
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January 7, 2011 No Comments
Coester Appraisal Group Offers 50% off of the Reverse Mortgage ValueSafe Program for the Entire Month of January
Discount will focus on offering a low-cost alternative to both lenders and borrowers alike
January ...
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January 6, 2011 No Comments
The Sum of All Eviction Fears
-John Clapp MortgageOrb.com
While scanning mortgage headlines the other morning, I was stopped in...
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January 5, 2011 No Comments
The Perils of Being Anti-Social
By Harvey Mackay
"Is social media a fad or is it the biggest shift since the Industrial Revolu...
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January 5, 2011 No Comments
Mortgage Servicing Poised to Become Front-Burner Issue for Congress
By Stacy Kaper American Banker While much of the next Congress will focus on making changes to the...
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January 4, 2011 1 Comment
Why Baby Boomers Are Bummed Out
By Rick Newman U.S. News The economy's finally bouncing back, and many Americans are starting to...
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January 4, 2011 3 Comments
Fed’s Broker Pay Rule Could Spell Bonus for Big Banks
By Kate Berry Large banks could end up pocketing higher profit margins on residential mortgages thi...
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January 4, 2011 1 Comment
Home appraisals under fire as owners struggle to refinance
Home appraisals, which were blamed for being too generous during the housing boom, are now being cri...
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December 30, 2010 No Comments
Mortgage Market Update
...
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December 27, 2010 No Comments
Number of Underwater Home Drops due to Foreclosures
The number of residential properties nationwide with "underwater" mortgages at the end of ...
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December 22, 2010 No Comments
Tarullo Calls for National Mortgage Standards
Federal Reserve Governor Daniel Tarullo told lawmakers during Dec. 1 testimony that widespread flaws...
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December 22, 2010 1 Comment
Fed’s Tarullo Warns Buybacks Could Eclipse Robo-Signing Controversy
The requests from mortgage investors to force banks to buy back loans alleged to contain sho...
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December 22, 2010 No Comments
Jobless Homeowners Get Mortgage Help
CHARLOTTE, NC - Jobless and facing foreclosure? It's a double whammy that many homeown...
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December 22, 2010 No Comments
US Mortgage Delinquency Rate Seen Falling to 5 Percent by End 2011: TransUnion
By Aparajita Saha-Bubna, Of DOW JONES NEWSWIRES The percentage of U.S. consumers who are delinquent ...
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December 22, 2010 1 Comment
Reverse Mortgage Loan Officers
Are you looking to bring added value to your clients, increase your referrals and earn extra income ...
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December 15, 2010 No Comments
Fed Goes Ahead With Bond Plan
WASHINGTON — The Federal Reserve, batting away unusually fierce criticisms, forged ahead on Tuesda...
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December 15, 2010 1 Comment
Pending Home Sales Rose 10.4% in October
WASHINGTON (AP) — The number of people who signed contracts to buy homes rose in October, the thir...
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December 15, 2010 No Comments
U.S. economy stays on sluggish growth path: Fed
(Reuters) - The economy continued its slow recovery in recent weeks, the Federal Reserve said on Wed...
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December 15, 2010 No Comments
Dodd-Frank Financial Reform Bill, Appraisal Section
...
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December 14, 2010 3 Comments
Coester Appraisal Management Prepares Mortgage lenders for Dodd-Frank
Coester Appraisal Group an appraisal management company which helps mortgage lenders with there valu...
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December 14, 2010 3 Comments
Comments to Federal Reserve on Regulation Z–Truth in Lending Act (R-134)
Title XIV (Sec. 1400 et seq) of the Dodd-Frank Bill contains the "Mortgage Reform and AntiPreda...
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December 14, 2010 No Comments
Guess Who’s Back?
[youtube=http://www.youtube.com/watch?v=k9uJ_Hube_o]...
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October 29, 2010 2 Comments
Mortgage Buyback Requests Kick into High Gear
Bank of America said it will “ vigorously defend" itself against mounting pressure from feder...
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October 29, 2010 No Comments
Title Insurer Puts Conditions on Foreclosure Sales
By Zachary A. Goldfarb and Jia Lynn Yang Washington Post Staff Writers Wednesday, October 20,...
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October 29, 2010 No Comments
FDIC Defends "Extend and Pretend" Policies
Federal Deposit Insurance Corporation Chair Sheila Bair defended controversial banking industry poli...
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October 29, 2010 No Comments
Foreclosures Top Six Figures for Month of September
Banks foreclosed on 102,134 U.S. properties in September, marking the first time monthly repossessio...
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October 29, 2010 No Comments
Coester Appraisal Group Announces Lender Education Session on Dodd-Frank Act Requirements
Free webinar will focus on lender compliance and address most common lender issues October 25, 2...
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October 29, 2010 No Comments
How to Submit a Value Reconsideration
[youtube=http://www.youtube.com/watch?v=cqwOL9fJLfQ]...
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October 21, 2010 No Comments
US home refinancing demand jumps as rates hit new low
By Julie Haviv NEW YORK, Oct 13 (Reuters) - U.S. mortgage applications for home refinancing loans r...
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October 21, 2010 1 Comment
Fannie-Freddie Add-On Fees Put Damper on Refis
The charges, which can add thousands of dollars in upfront costs or raise interest rates, are discou...
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October 21, 2010 No Comments
FED’s Interim Final Rule on Appraisals
The Federal Reserve Board on Monday announced an interim final rule to ensure that real estate appra...
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October 19, 2010 5 Comments
REALTORS: August Pending Home Sales Rise for 2nd Consecutive Month But Still 20.1% Below Aug. 2009
By David M. Kinchen Huntingtonnews.net Real Estate Writer Pending home sales have increased fo...
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October 6, 2010 No Comments
BoFA to Exit Wholesale Lending
NEW YORK—Bank of America Corp. will exit the wholesale mortgage-lending business Tuesday, limiting...
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October 6, 2010 1 Comment
FHA gearing up for Reverse Mortgage Chanages
By Mary Ellen Podmolik Chicago Tribune last updated: September 09, 2010 08:44:55 PM The Federal...
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September 15, 2010 No Comments
FHA Officials Prepare for Reverse Mortgage Changes
By Mary Ellen Podmolik Chicago Tribune last updated: September 09, 2010 08:44:55 PM The Federal ...
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September 15, 2010 No Comments
The Good News About Rising Mortgage Rates
Rising mortgage rates may seem like the last thing the economy needs right now. Then again, they may...
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September 15, 2010 No Comments
Home Prices Increase in Second Quarter: FHFA, Case-Shiller
Home prices in the U.S. increased 0.9 percent on a seasonally adjusted basis in the second quarter f...
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September 15, 2010 No Comments
Compensating Mortgage Brokers under New Rules May Shake up Industry
With the Federal Reserve’s new rules placing compensation restrictions on mortgage brokers and loa...
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September 15, 2010 No Comments
US Home Values Rise in Second Quarter
McLean, VA – Freddie Mac (OTC:FMCC) – (LoanSafe.org) – announced today the results of its seco...
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September 1, 2010 1 Comment
Bernanke Expected to Sketch New Fed Action on Economy
By SEWELL CHAN WASHINGTON — With fresh signs that the housing market is weakening, the Federal Re...
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September 1, 2010 No Comments
HUD Expands Sustainability Effort with $100 Million Investment
The U.S. Department of Housing and Urban Development announced Aug. 19 that 100 affordable housing d...
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September 1, 2010 1 Comment
Fed Adopts Rules Meant to Protect Home Buyer
By DAVID STREITFELD The Federal Reserve on Monday moved to end a controversial lending practice tha...
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August 23, 2010 No Comments
Vernon Davis and Coester Appraisal Group
[youtube=http://www.youtube.com/watch?v=YAga76HeJCY]...
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August 12, 2010 No Comments
Success Stories – Coester Catches Appraisal Fraud
Imagine our surprise upon finding out that a house with such an appealing front side was sever...
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August 5, 2010 2 Comments
Fannie Mae Says New Loan Book Soundest in a Decade
Andrew T. Berman - National Mortgage Professional | Thursday, July 29, 2010
Stricter lending standa...
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August 3, 2010 No Comments
Foreclosure Activity Rises in Most Major Metropolitan Areas
Dina ElBoghdady - The Washington Post | Friday, July 30, 2010
Foreclosure activity climbed in three...
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August 3, 2010 No Comments
Loan Sales by Banks Shed Light on Their Balance Sheets
Peter Eavis - The Wall Street Journal | Monday, August 2, 2o10
Selling stuff on eBay is a way to fi...
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August 3, 2010 No Comments
Does Buying Beat Renting?
In Sour Home Market, Buying Often Beats Renting
By DAVID LEONHARDT
[caption id="" align="alignri...
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April 21, 2010 No Comments
Nearly Half of Home Purchases Are Distressed Properties
Nearly Half of Home Purchases Are Distressed Properties The share of home purchase transactions invo...
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March 23, 2010 1 Comment
US property 'undervalued'
Tuesday, March 16, 2010
Catherine Deshayes
Compared to global markets, nearly 20% of US residen...
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March 16, 2010 No Comments
Zillow May Not Be Ready For Prime Time
We have had a lot of feedback from readers about our first article about the Zillow.com website whic...
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February 20, 2010 1 Comment
BofA Lends $758bn in 2009
Bank of America (BAC: 14.62 -2.53%) said it extended more than $758bn in credit in 2009, including n...
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February 9, 2010 No Comments
Home Prices Increase Slightly; Consumer Confidence Grows
Kan, Joel; Sorohan, Mike
Two reports on housing prices yesterday showed slight increases, while a ke...
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January 31, 2010 No Comments
Here's a look at the top 10 states for foreclosure and how they got there.
Here's a look at the top 10 states for foreclosure and how they got there:
No. 1: Nevada -- In thir...
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January 14, 2010 No Comments
Get A Higher Appraisal!! 7.5 Tips to getting the highest appraised value
With market conditions as they currently are, appraisal values are the controversy of the industry, ...
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December 19, 2009 No Comments
LinkedIn As A Marketing Tool?
LinkedIn is becoming a larger and larger part of my weekly schedule and daily life. A few years ag...
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December 13, 2009 No Comments
HVCC Suspension – Not Gonna Happen
Throughout the news the HVCC has been bad mouthed, talked bad about and i am personally waiting for ...
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August 17, 2009 4 Comments
Ad Image For Coester Appraisal Group
...
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December 9, 2008 No Comments
