FHFA Announces Joint Initiative to Consider Alternatives for a New Mortgage Servicing Compensation Structure
Washington, DC - January 18, 2011 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) has directed Fannie Mae and Freddie Mac to work on a joint initiative, in coordination with FHFA and the Department of Housing and Urban Development (HUD), to consider alternatives for future mortgage servicing structures and servicing compensation for their single-family mortgage loans.Full article: FHFA Announces Joint Initiative to Consider Alternatives for a New Mortgage Servicing Compensation Structure ...
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- Quicken Loans Mortgage Services Rapidly Expands Presence in Charlotte – Doubling Office Space in City
CHARLOTTE, - May 16, 2012 - (RealEstateRama) -- Quicken Loans Mortgage Services (QLMS), a division of Quicken Loans Inc., the nation’s largest online lender, today announced plans to add more than 75 team members by the end of 2012 to support its growing business needs.
- Q1 2012 Commercial/Multifamily Mortgage Originations Up 36 Percent from Q1 2011
Washington, DC - May 16, 2012 - (RealEstateRama) -- First quarter 2012 commercial and multifamily mortgage loan originations were 36 percent higher than during the same period last year and 12 percent lower than the fourth quarter of 2011, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. The decrease from fourth quarter 2011 reflects the industry’s usual push to finalize deals before the end of the year, and subsequent drop-offs in first quarter numbers.
- Delinquencies Decline in Latest MBA Mortgage Delinquency Survey
WASHINGTON, D.C. - May 16, 2012 - (RealEstateRama) -- The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 7.40 percent of all loans outstanding as of the end of the first quarter of 2012, a decrease of 18 basis points from the fourth quarter of 2011, and a decrease of 92 basis points from one year ago, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey. The non-seasonally adjusted delinquency rate decreased 121 basis points to 6.94 percent this quarter from 8.15 percent last quarter.
- Refinance Applications Increase in Latest MBA Weekly Survey
WASHINGTON, D.C. - May 16, 2012 - (RealEstateRama) -- Mortgage applications increased 9.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 11, 2012
- Housing Mortgage Market Reform Key to Housing Recovery
WASHINGTON, DC - May 16, 2012 - (RealEstateRama) -- A sustainable housing recovery requires that policymakers move forward with the difficult decisions regarding the future of the mortgage market. That's according to Federal Reserve Board Governor Elizabeth Duke, who spoke to Realtors® at a joint Real Estate Services and Regulatory Issues Forum—Prescriptions for Housing Recovery session today during the
- HUD, HUD INSPECTOR GENERAL AND U.S. ATTORNEY ANNOUNCE $202 MILLION SETTLEMENT WITH DEUTSCHE BANK AND MORTGAGEIT
WASHINGTON, D.C. - May 14, 2012 - (RealEstateRama) -- Preet Bharara, the United States Attorney for the Southern District of New York, Stuart F. Delery, the Acting Assistant Attorney General for the Civil Division of the U.S. Department of Justice, Helen Kanovsky, General Counsel of the U.S. Department of Housing and Urban Development (“HUD”), and David A. Montoya, Inspector General of HUD, announced today that the United States has settled a civil fraud lawsuit against DEUTSCHE BANK AG, DB STRUCTURED PRODUCTS, INC., DEUTSCHE BANK SECURITIES, INC. (collectively “DEUTSCHE BANK” or the “DEUTSCHE BANK defendants”) and MORTGAGEIT, INC. (“MORTGAGEIT”)
- Remarks by MBA President and CEO David H. Stevens, During MBA’s 2012 National Secondary Market Conference & Expo
New York, NY - May 11, 2012 - (RealEstateRama) -- "The dream to come from nothing and buy a home." These are powerful words, and I want to thank Mitch for sharing his amazing family story with us today. Ladies and Gentlemen, Mitch Kider is with us today. Mitch, would you please stand and be recognized?
