Mortgage Banking

1. Schwarzenegger signs three CA homeowner-protection bills
Citing California's disproportionate impact on national housing market fluctuations, Governor Arnold Schwarzenegger (R) signed three bills into law in early October intended to increase protections ...
(PERIODICAL ARTICLE)

2. Correction
In the July 2007 issue, in an article titled "Fort Mixed Use," by Albert Warson, several reporting errors occurred. The Presidio in San Francisco has ...
(PERIODICAL ARTICLE)

3. Congressional Democrats roll out plan to stem foreclosures
Congressional Democratic leaders from both the House and Senate ramped up the rhetoric and called on President Bush to take action to help troubled borrowers ...
(PERIODICAL ARTICLE)

4. FHA reform bills move in House, Senate
Reform of the Federal Housing Administration took a big step forward in Congress in September as the House overwhelmingly passed an FHA modernization bill, while ...
(PERIODICAL ARTICLE)

5. MBA paper draws mortgage fraud-prevention roadmap
Maximum implementation of existing federal and state laws, not additional legislation, is the best way to combat the problem of mortgage fraud, according to a ...
(PERIODICAL ARTICLE)

6. Financial Freedom launches fixed-rate HECM reverse mortgage
Irvine, California-based Financial Freedom, a subsidiary of Pasadena, California-based IndyMac Bank FSB, has announced the introduction of Financial Freedom's HECM (Home Equity Conversion Mortgage) Fixed ...
(PERIODICAL ARTICLE)

7. House passes flood-insurance bill
The House approved a bill in late September to reauthorize and reform the National Flood Insurance Program (NFIP), which, among other things, would improve flood ...
(PERIODICAL ARTICLE)

8. Moody's finds low levels of loan modification through mid-year 2007
A survey of mortgage servicers conducted by New York-based Moody's Investors Service found that, on average, subprime loan servicers have only recently begun to undertake ...
(PERIODICAL ARTICLE)

9. Lender Lead Solutions announces HECM based on LIBOR index
Lender Lead Solutions, Melville, New York, announced its introduction of a Home Equity Conversion Mortgage (HECM) based on the London interbank offered rate (LIBOR) index, ...
(PERIODICAL ARTICLE)

10. New York, Chicago lead nation in self-service home sales
Homeowners in the New York metro area led the nation in the percentage of owners who opted to sell their homes without a real estate ...
(PERIODICAL ARTICLE)