- Capstead Mortgage Corporation Announces Closing of Public Offering of 8 Million Common Shares
Capstead Mortgage Corporation announced today that on February 1, 2008 the Company closed its public offering of 8 million common shares. - Mortgage Companies Join Forces Creating Powerful Lending Platform
Premiere privately held mortgage companies have formed an affiliation to become one of California's largest retail mortgage lending organizations. - Mortgage Qualification Calculator Available for Websites
With the addition of the new Mortgage Qualification Calculator, the MoneyToys(tm) collection of website calculators now includes 16 website calculators. - VA Mortgage Center.com Releases Downloadable VA Home Loan Guide
This week VA Mortgage Center.com released a free, downloadable VA Home Loan Guide. - MDMC Completes First Reverse Mortgage Agency Delivery
MDMC, a national mortgage loan analysis firm that provides due diligence and agency delivery services to companies throughout the country, has completed its first delivery comprised of almost 5,000 loans for over $500 million of reverse mortgages to one of the three GSEs....... - Mortgage Bankers Sought for Unprecedented Enterprise Lending Solution Co-Development Initiative
Motivity Solutions, a leading provider of technology solutions for the residential mortgage industry, has launched LenderBuilt (www.LenderBuilt.com), a technology co-development venture designed to help mortgage bankers upgrade their current technology platform and overall business...... - Mortgage Bankers Sought for Unprecedented Enterprise Lending Solution Co-Development Initiative
Motivity Solutions, a leading provider of technology solutions for the residential mortgage industry, has launched LenderBuilt (www.LenderBuilt.com), a technology co-development venture designed to help mortgage bankers upgrade their current technology platform and overall business...... - Prudential Mortgage Capital Closes $87.8 Million Loan For HRC Hotel Portfolio
Prudential Mortgage Capital Company announced today that it has closed an $87.8 million refinancing loan on behalf of its conduit account for HRC Hotel portfolio, a group of hotels located in Indiana, Michigan and Florida. Prudential Mortgage Capital is the commercial mortgage lending business of Prudential Financial, Inc. (NYSE:PRU)... - Prudential Mortgage Capital Closes $87.8 Million Loan For HRC Hotel Portfolio
Prudential Mortgage Capital Company announced today that it has closed an $87.8 million refinancing loan on behalf of its conduit account for HRC Hotel portfolio, a group of hotels located in Indiana, Michigan and Florida. Prudential Mortgage Capital is the commercial mortgage lending business of Prudential Financial, Inc. (NYSE:PRU)... - FirstClose™ Announces Agreement with First American CoreLogic to Offer New Valuation Products Design
FirstClose, a service of First Lenders Data, Inc. (FLDI), an Austin, Texas-based provider of bundled mortgage settlement services announced today an agreement with First American CoreLogic, a member of The First American Corporation (NYSE:FAF) family of companies and America’s largest provider of advanced property and ownership information...... - Anworth Mortgage Asset Corporation Announces Over-Allotment Exercise of 1.35 Million Shares
Anworth Mortgage Asset Corporation (NYSE:ANH) announced today that on November 30, 2007, the underwriters participating in its public offering of 9.0 million shares of common stock, which priced on November 29, 2007, exercised in full the over-allotment option ...... - New Poll Finds Americans Skeptical over Proposals to Rescue Subprime Mortgage Borrowers
As the Bush administration huddles with major lenders to finalize a relief plan for subprime borrowers, new results today from a survey conducted by Harris Interactive® on behalf of the National Taxpayers Union (NTU) warn against the government going too far........ - China’s Second Largest Bank Chooses Enterprise Decision Platform from Austin Logistics
Austin Logistics, the leading provider of event-based analytic software used to create value from customer interactions, announced today that China Construction Bank has purchased Vincio. Vincio is a real-time, enterprise decision platform......... - E-LOAN Rates Best Overall in Q3 2007 Keynote® Scorecard for Mortgage Web Sites
E-LOAN®, an online financial services company, today announced that it has received the highest overall rating for online best practices implementation in the Keynote® Q3 2007 Scorecard for Mortgage Web sites.... - Anworth Mortgage Asset Corporation Announces Pricing of Public Offering of Common Stock
Anworth Mortgage Asset Corporation (NYSE:ANH) announced today that it has set the price for the underwritten public offering of 9,000,000 shares of its common stock at $6.70 per share for gross proceeds of $60.3 million. Anworth has granted the underwriters a 30-day option..... - Palomino Capital LLC is Financial Advisor to NIA Consulting Acquisition
Palomino Capital LLC, a Dallas-based middle market merchant bank, served as financial advisor to NIA Consulting Ltd. in its acquisition by Interthinx®, a unit of ISO. Terms were not disclosed... - Asian Real Estate Association of America (AREAA) Convention Highlights the Power of Asian American
Asian Americans are an important and growing segment of prospective homebuyers — quite possibly representing the antidote to a down real estate market—according to leading bankers, mortgage brokers and other real estate professionals who spoke at the recent convention of the Asian American Real Estate Association (AREAA)....... - Anworth Mortgage Asset Corporation Announces Public Offering of Common Stock
Anworth Mortgage Asset Corporation (NYSE:ANH) announced today it plans to make a public offering of 9,000,000 shares of its common stock. Anworth has granted the underwriters an option, exercisable for 30 days, to purchase up to an additional 1,350,000 shares of common stock to cover over-allotments, if any..... - ComplianceEase, Guardian Mortgage Documents Expand Partnership to Provide Real-Time One-Touch
In a time when mortgage lenders are looking at every aspect of their business for possible improvements and cost savings, ComplianceEase® and Guardian Mortgage Documents’ (GMD) have expanded their three-year strategic alliance to offer more robust risk management tools for large investors, which will enhance compliance services for correspondent and broker quality control procedures.... - Coughlin Stoia Geller Rudman & Robbins LLP Files Class Action Suit Against Federal Home Loan
Coughlin Stoia Geller Rudman & Robbins LLP (“Coughlin Stoia”) (http://www.csgrr.com/cases/freddie/) today announced that a class action has been commenced in the United States District Court for the Southern District of New York on behalf of purchasers of Federal Home Loan Mortgage Corporation (“Freddie Mac”) (NYSE:FRE) common stock during the period between August 1, 2006 and November 19, 2007 (the “Class Period”). - Most Experienced Technology Provider to Release Mortgage Cadence Prelude™, a Reverse Mortgage POS
Mortgage Cadence, Inc., a leading provider of enterprise lending solutions (ELS) for the financial services industry, has announced that it will provide a new Point of Sale technology, Mortgage Cadence Prelude, specifically designed for use by lenders moving into the growing reverse mortgage lending channel... - Vestin Realty Mortgage II, Inc. Announces the Exploration of a Possible Merger With Vestin Realty
Vestin Realty Mortgage II, Inc. (Nasdaq:VRTB) a real estate investment trust (“REIT”) announced that its Board of Directors has begun exploration of the possibility of acquiring Vestin Realty Mortgage I, Inc. (VRTA) through a merger or other combination of the two “REITs”....... - Sage Credit Company Announces the Expansion of Its Branch Network
Waving his hand up and down through the air in an effort to describe the dramatic peaks and valleys of the mortgage industry, Dennis Vermeer, with one swoop, draws an imaginary horizontal line to illustrate Sage Credit Company’s effort to provide a steady path through the volatility. - One-Third of Americans ‘Concerned’ That Subprime Mortgage Crisis May Affect Ability to Obtain Car
The survey of 1,000 consumers was fielded in late October by market researcher Synovate of Chicago for GDEXAuto (www.gdexauto.com) – a new Web-based marketplace where auto dealers and financial institutions come together to securely package, buy and sell asset-backed debt... - Capstead Mortgage Corporation Announces Public Offering of Common Stock
Capstead Mortgage Corporation (NYSE:CMO) announced today that it plans to make a public offering of 7,000,000 shares of its common stock. Capstead has granted the underwriters a 30-day option to purchase up to an additional 1,050,000 shares of common stock to cover over-allotments. All of the shares are being offered by Capstead........ - MuniMae Names Two Executives to Management Team
Municipal Mortgage & Equity, LLC (“MuniMae” or “the Company,” NYSE:MMA) today announced the appointment of David Kay and Lisa Roberts to key management positions within the company’s Finance and Accounting departments.... - Cogent Road Redesigns Credit Analysis With the Newest Version of Funding Suite
Cogent Road, a provider of Internet-based applications for the mortgage industry, has launched Funding Suite v.3.0, a significantly redesigned database architecture underlying the credit report that allows tremendous new opportunities and products for brokers...... - Wynn Las Vegas Prices $400,000,000 Aggregate Principal Amount of 6⅝% First Mortgage Notes due 2014
Wynn Resorts, Limited (NASDAQ: WYNN) announced today that Wynn Las Vegas, LLC and Wynn Las Vegas Capital Corp. (the “issuers”), each a direct or indirect wholly owned subsidiary of Wynn Resorts, Limited, priced a private offering of $400,000,000 aggregate principal amount of their 6⅝% First Mortgage Notes due 2014 at a price of 97.25% of the principal amount..... - Merrill Lynch & Co., Inc. (MER) Reports $8 Billion Charge Related to Collateralized Debt Obligation
Chitwood Harley Harnes LLP announces that a class action lawsuit has been filed against Merrill Lynch & Co., Inc. (“Merrill” or the “Company”) (NYSE: MER) on behalf of purchasers of Merrill common stock between February 26, 2007 and October 23, 2007 (the “Class Period”)...... - First Houston Mortgage Listed on Mortgage Technology’s Top 25 Tech-Savvy Lenders
First Houston Mortgage, a mortgage banking firm licensed in 18 states that offers expertise in every aspect of the residential mortgage lending process, announced that it is included in Mortgage Technology’s list of the top 25 tech-savvy lenders.... - Bobby Leopold Appointed Vice President of Client Relations by ProVest
ProVest, a process server provider for the mortgage default industry, today announced the appointment of Bobby Leopold as vice president of client relations. In this position, Leopold will be the direct point of contact for customers to act as a liaison with ProVest’s operational department and ensure superior service. - XINNIX Adds Member Resource Center to Web Site
XINNIX, the leading provider of comprehensive sales training and leadership development programs for mortgage professionals, announced recent enhancements to its Web site. The new XINNIX Resource Center includes up-to-date mortgage industry news, research, valuable training tips, coaching advice, and interactive tools. - NexBank Introduces Jumbo Mortgage
NexBank, SSB has introduced a jumbo mortgage product for home loans from $1.5 to $10 million, representing a shift for the bank, which has heretofore not focused on residential loans in this category...... - Mortgage Technology Firms Underutilize Search Engine Marketing Techniques
An audit of the Top 50 mortgage technology providers’ web sites reveals that most underutilize search engine marketing techniques, and those that do employ “ad word” and “search term” campaigns are not achieving their desired outcomes. Depth Public Relations, a financial public relations and marketing services provider for business-to-business firms..... - The Finance Group Worldwide to Provide Commercial/Restaurant Lending
Matt T. Weaver has launched The Finance Group Worldwide, a newly established commercial financial firm which will specialize in mortgages and lending for shopping centers, restaurants, multi-unit buildings and many other forms of commercial properties...... - Updated FHA Guidelines Supported by Primary Residential Mortgage, Inc.
Having been a HUD/FHA approved lender since 1998, Primary Residential Mortgage, Inc. is using their extensive experience to help borrowers utilize FHA loans. As recently as 2003, Primary Residential Mortgage closed 5721 FHA loans, and the company has seen volume increase again as investors have tightened guidelines and eliminated comparable products..... - Thornburg Mortgage Announces Joseph H. Badal to Retire December 31, 2007
Thornburg Mortgage Inc. (NYSE: TMA) announced today that Joseph H. Badal will retire as chief lending officer effective December 31, 2007. Paul Decoff, who is currently executive vice president, lending operations and product development, will succeed Joseph H. Badal, who will retire from his management position of senior executive vice president, chief lending officer and Board of Directors position....... - Reverse Mortgage Leader Vertical Lend Continues to Hire in Detroit
Vertical Lend, a subsidiary of KBC Financial Products, announced today that the Company has hired 100 people in Detroit in the past four months and plans to hire an additional 60 employees in January 2008 to support the growth of its reverse mortgage operations. The Company originally planned to hire 100 employees and will exceed theses expectations by 60%....... - Complete Financial Solutions, Inc. Offers Displaced Mortgage Originators a New Home
Complete Financial Solutions, Inc. (PINK SHEETS:CFSU), a nationwide financial services company is now accelerating its efforts building human resource numbers to take advantage of the current slow down in the industry...... - Vestin Realty Mortgage I, Inc. Declares Monthly Dividend of $0.047 Per Share for the Month of Oct
Vestin Realty Mortgage I, Inc. (Nasdaq:VRTA) a real estate investment trust (“REIT”) announced that on October 16, 2007, its Board of Directors declared a cash dividend of $0.047 per common share for the month of October 2007, payable on November 29, 2007 to shareholders of record as of November 9, 2007..... - Vestin Realty Mortgage II, Inc. Declares Monthly Dividend of $0.045 Per Share For The Month of Octo
Vestin Realty Mortgage II, Inc. (Nasdaq:VRTB) a real estate investment trust (“REIT”) announced that on October 16, 2007, its Board of Directors declared a cash dividend of $0.045 per common share for the month of October 2007, payable on November 29, 2007 to shareholders of record as of November 9, 2007...... - Lenders One and Encomia Announce Marketing Partnership
Lenders One™, a national alliance of independent mortgage bankers, and Houston-based Encomia, a provider of end-to-end eMortgage technology, announced today a marketing partnership aimed at providing Lenders One members with eDisclosures technology..... - National Foreclosure Hotline Reaches Record High Call Volume
The upward trend of calls to the Homeownership Preservation Foundation’s Homeowner’s HOPE Hotline continues, with counselors fielding almost 60,000 calls in the third quarter of 2007. This doubles the call volume from the previous quarter and represents a more than ten-fold increase from the same quarter in 2006....... - Capstead Mortgage Corporation Schedules Third Quarter 2007 Earnings Release and Conference Call
Capstead Mortgage Corporation (NYSE: CMO) announced today that it will release its third quarter 2007 results following the close of trading on the New York Stock Exchange on Thursday, October 25, 2007. The Company will host a conference call and audio..... - Lender Lead Solutions Announces Expansion of LIBOR Product Offerings
Lender Lead Solutions, a comprehensive reverse mortgage services company, announced today a LIBOR Flex Margin Advantage product line, expanding its LIBOR offerings. Lender Lead Solutions was the first lender to announce a LIBOR-based reverse mortgage product offering on October 1, 2007 and successfully launched the product on October 15, following the Department of Housing and Urban Development’s (HUD).... - Thornburg Mortgage Announces Series F Preferred Stock Declaration Date
Thornburg Mortgage, Inc. (NYSE:TMA), a leading single-family super-prime residential mortgage lender focused principally on the jumbo and super-jumbo segment of the adjustable rate mortgage market, today announced the dividend declaration date on its 10% Series F Cumulative Convertible Redeemable Preferred Stock. The dividend is payable on November 15, 2007..... - Mortgage Builder® LOS Improves Compliance and Fraud Processes with Brooks Systems and Interthinx®
Mortgage Builder Software, Inc., provider of end-to-end mortgage banking software, has integrated Brooks Systems’ High Cost Loan Analysis (BrooksHCLA) and Interthinx’s® proven loan-level fraud detection system (FraudGUARD®) into Mortgage Builder’s® LOS system...... - Using Sollen Technologies’ Product and Pricing Engine
Sollen Technologies, an Internet-based application services provider of product, pricing and best execution capabilities for the mortgage industry, delivers cost savings and efficiency gains for Dallas-based Service First Mortgage Company. Reducing the number of calls and eliminating the need to add personnel have resulted in substantial time and monetary savings. Processing over $200 million in loans annually..... - IMS Introduces Web Services Functionality with IMS Adapt at MBA’s 94th Annual Convention & Expo
Integrated Mortgage Solutions (IMS), a collateral protection resource for the mortgage servicing industry, has added Web Services capabilities to IMS Adapt, a Web-based set of tools that delivers a centralized system for initiating work orders, updating status, reporting status and activity, quality control and billings. The news was issued at the Mortgage Bankers Association’s 94th Convention & Expo in Boston...... - Reliant Announces Funding Commitment
Reliant Financial Service Corporation (OTCBB:RFNS), Steve Hamilton, Senior Vice President of Reliant Financial Service Corporation,(“Reliant”) today released a letter to its shareholders........ - Oxford Funding Engages Quantum Servicing
Oxford Funding [OTC:OXFD] has engaged Quantum Servicing Corporation, a Special Servicing unit of Clayton Holdings, Inc. (NASDAQ: CLAY), to service loans...... - DocuTech and Dynatek Integrate MORvision and ConformX
DocuTech, a leading provider of compliance services and documentation technology for the mortgage industry, and Livonia, Mich.-based Dynatek™, an ISGN Company and established leader in mortgage automation, announced at the Mortgage Banker’s Association Annual Convention and Expo the upcoming production..... - XINNIX Enhances Mortgage Originator Training
XINNIX, the leading provider of comprehensive sales training and leadership development for mortgage professionals, announced major enhancements to its comprehensive ORIGINATOR training program designed for new loan officers. The enhanced program is comprised of two phases, followed by a formal certification testing process and has been designed to provide students..... - Optimal Blue and Ellie Mae Form Strategic Partnership
Optimal Blue, developer of a comprehensive, Web-based platform that couples decisioning technology with content management for the mortgage industry, and Ellie Mae, an award-winning provider of innovative software and services for the mortgage industry, have formed a strategic partnership integrating Optimal Blue’s product eligibility..... - Lenders First Choice and Guardian Mortgage Documents Offer Integrated Services
Lenders First Choice (LFC), a national provider of mortgage closing solutions including title insurance and settlement services, has formed a strategic relationship with Guardian Mortgage Documents, a provider of document preparation, automated management workflow and fully customized outsource solutions to the national financial services industry...... - Flagstar Bank Selects Fiserv eMortgage Technology
Fiserv, Inc. (NASDAQ:FISV), a leading provider of technology solutions, announced today that Troy, Michigan-based Flagstar Bank (NYSE:FBC), a $16.2-billion-asset federal savings bank and one of the leading originators of prime residential mortgage loans,..... - MRG Selected by New Vision Residential Lending to
MRG Document Technologies (MRG), a provider of document preparation services for the financial industry, announced at the MBA’s 94th Annual Convention and Expo, that New Vision Residential Lending, an Overland Park, Kansas mortgage lender, has selected MRG to provide all mortgage disclosures and closing packages..... - Mortgage Lender Selects Workway for Staffing Services
Workway, a Burbank, Calif. - based staffing firm specializing in serving the financial industry announced at the MBA’s 94th Annual Convention and Expo that 1st Republic Mortgage Bankers, Inc. (New York), a direct lender to home buyers, has selected Workway to handle their staffing needs..... - First Fractional Funding Attributes Continued Growth to Use of Guardian Mortgage Services Outsourc
While many in the mortgage industry are trying to survive the recent market unrest by cutting back on offered products, First Fractional Funding, a Denver-based lender specializing in fractional ownership mortgages, has experienced continued growth. First Fractional Funding management cite their relationship with Guardian Mortgage Services (GMS)..... - Guardian Mortgage Documents and Communication Intelligence Corporation Form Alliance to Provide
The recognized leader in electronic signature solutions and biometric signature verification, Communication Intelligence Corporation (CIC) (OTCBB: CICI), is joining forces with leading document preparation provider, Guardian Mortgage Documents (GMD), to provide the mortgage industry with a new eSignature plus documents solution. Offering an increased level of total ROI to lenders that will help them remain competitive during this mortgage..... - ComplianceEase’s New FHA Offering Helps Mortgage Lenders Rebuild Sales Pipelines
ComplianceEase®, a leading provider of compliance and risk management solutions for the financial services industry, announced today, at the Mortgage Bankers Association’s 94th Annual Convention & Expo 2007, they expanded technology and services enabling lenders to originate higher-quality Federal Housing Administration (FHA) insured mortgages more efficiently. .... - Prudential Huntoon Paige Closes $1.2 Million FHA Refinance Loan for Grasslands Housing, Inc.
Prudential Mortgage Capital Company announced today that it has originated a $1.2 million refinance loan for Grasslands Housing, Inc., a section-eight, multi-family housing property located in Coon Rapids, Minn. Prudential originated the Federal Housing Administration (FHA) loan through its FHA lending business, Prudential Huntoon Paige. Prudential Mortgage Company is the commercial mortgage lending business of Prudential Financial, Inc. (NYSE: PRU).. - Transnational Financial Network, Inc. Begins Trading on OTC Bulletin Board
Transnational Financial Network, Inc. (OTCBB:TRFN) today announced that the Company's shares are now quoted on the NASDAQ-operated Over-The-Counter Bulletin Board (OTCBB)...... - Mortgagebot’s New Mortgage-Shopping Web Site Wins “Best of Show” at Finovate 2007
Mortgage Marvel (www.MortgageMarvel.com), the revolutionary new mortgage-shopping Web site from Mortgagebot, was voted “Best of Show” by industry executives and members of the press during the Finovate 2007 Conference in New York City on October 2...... - Titan Lenders Corp. Selects National Mortgage Compliance Services
Titan Lenders Corp., a mortgage back office fulfillment services provider specializing in closing, funding, and post closing services has chosen National Mortgage Compliance Services, LLC, (NMCS) as an advisor on compliance matters related to its services. The relationship offers Titan Lenders Corp. customers reduced rates for NMCS mortgage compliance consulting services. - Wave Unveils SmartSigning Room™, an Extension of eSign Transaction Management Suite at Mortgage
MBA’s 94th Annual Conference & Exposition – eSign Systems, a division of Wave Systems Corp. (NASDAQ:WAVX), today announced the availability of SmartSigning Room™, an extension of the eSign Transaction Management Suite (eTMS), a software solution that helps enable originators, lenders, document providers, third-party mortgage vendors and other users to create, sign, store, access and manage the lifecycle...... - Beazer Homes Announces Findings of Independent Audit Committee Investigation
Beazer Homes USA, Inc. (NYSE: BZH) (www.beazer.com) today announced interim findings from its Audit Committee’s previously announced independent internal investigation into the Company’s mortgage origination business and certain accounting and financial reporting matters.... - ZipRealty Announces Cost Rationalization Plan and Revises 2007 Revenue Forecast
ZipRealty, Inc. (Nasdaq: ZIPR) announced today that, due to ongoing challenges in the residential real estate and related home mortgage markets, the Company has taken steps to reduce its cost structure to align it to current market conditions. Specifically, management expects it can lower its current operating expense structure by approximately $4 million annually........ - Bridgelock Capital Selects PCLender's Integrated Mortgage Document Imaging and Management Module
PCLender.com, a web based software and services solutions provider to mid-sized mortgage bankers, has added integrated imaging and document management to its InHouse Mortgage Enterprise Lending System, providing lenders new levels of efficiency for loan processing, underwriting, investor delivery, and file archiving... - Thornburg Mortgage Revises Estimates on Asset Sales and Related Losses Announced in August
Thornburg Mortgage, Inc. (NYSE:TMA), a leading single-family super-prime residential mortgage lender focused principally on the jumbo and super-jumbo segment of the adjustable-rate mortgage (ARM) market, today announced the following adjustments and revisions to estimates that it had previously announced regarding certain financial developments that had taken place during the third quarter..... - No Taxpayer Bailout: Protect Ohio's Homeowners - Says Lew Uhler with the National Tax Limitation
Subprime mortgage lending has become front page news. As housing prices have stalled, some homeowners with adjustable rate mortgages are in trouble. Lenders are going under and investors are losing money......... - Scott K. Stucky Joins DocuTech as Senior Vice President of Sales
DocuTech Corp. (DocuTech), a leading provider of compliance services and documentation technology for the mortgage industry, announced the appointment of Scott K. Stucky to executive vice president of Sales...... - Chip Register Joins Mortgage Cadence to Lead Acquisition Strategies
Mortgage Cadence, Inc., a leading provider of enterprise lending solutions (ELS) for the financial services industry, is pleased to announce the newest addition to its family, Chip Register, who joins Mortgage Cadence as EVP of Acquisitions & Alliances. Register brings to Mortgage Cadence more than 21 years of experience as a technologist,..... - TrainingPro Mortgage Education Approved in Minnesota
TrainingPro, the national leader in mortgage education, recently announced it is now an approved mortgage education provider in the state of Minnesota. The first online education provider in the state, TrainingPro currently offers the required 15 hours of approved curriculum through its web site www.TrainingPro.com as well as in live class format........ - Reunion Mortgage Originates eMortgages with DocuTech
DocuTech Corp. (DocuTech), a leading provider of compliance services and documentation technology for the mortgage industry, announced today that Milpitas, Calif.-based Reunion Mortgage implemented DocuTech’s ConformX® with SMART Docs, a Web-based interface that simplifies the process of preparing, processing and closing paperless mortgages using Category 1 SMART Document eNotes.. - Oriental Financial Group Names Lidio Soriano as Executive Vice-President in Charge of Retail Bankin
Oriental Financial Group Inc. (NYSE: OFG) today announced the appointment of Lidio V. Soriano as Executive Vice President in charge of the Group’s Retail Banking and Mortgage divisions, a new position, and as member of the Executive Team..... - Lenders First Choice Launches LFC WebCloseSM, Allowing Borrowers to Securely Close Loans Over
Lenders First Choice (LFC), a national provider of mortgage closing solutions including title insurance and settlement services, has launched LFC WebCloseSM, an interactive closing solution that allows borrowers to close their loans online, from anywhere Internet access is available. - BasePoint Launches Unique Early Payment Default Solution to Reduce Losses
BasePoint Analytics, a leading provider of predictive analytic fraud and risk management solutions, today announced the availability of BasePoint EPD™ alert. The new Early Payment Default (EPD) solution is a statistical pattern recognition score designed to assess the risk of early payment default in mortgage applications and loans..... - Oxford Funding Retains CPA Consulting Firm Newton and Associates
Oxford Funding (OTC:OXFD) announced its engagement with Houston-based Newton and Associates, a Certified Public Accountant firm, to prepare financial statements and disclosures......... - American Home Mortgage Names WL Ross as Successful Bidder for American Home’s Servicing Business
American Home Investment Corp. (OTC:AHMIQ) (“American Home”) today announced that the stalking horse bid of AH Mortgage Acquisition Co., an entity sponsored by WL Ross & Co. LLC, was selected as the highest and best offer for American Home’s mortgage servicing platform and mortgage servicing rights. - Greg Frost Joins First Houston Mortgage
First Houston Mortgage, a mortgage banking firm licensed in 18 states that offers expertise in every aspect of the residential mortgage lending process, has added Greg Frost as partner for the state of New Mexico......... - AllRegs Acquires Lender E-Source
AllRegs, the leading information provider for the mortgage lending industry, announces the acquisition of Lender E-Source, a web-based purveyor of mortgage lending product and underwriting guidelines. This acquisition vastly increases the AllRegs product suite as well as the organization’s library of content and investor product guidelines...... - FEARnet to Find America’s Most Spirited Halloween Home and Reward the Winner By Paying Off
FEARnet, the world’s premiere horror and thriller website and video on-demand service is using Yahoo!’s online contest service Bix.com to honor America’s most spirited Halloween home decorators -- and reward the best by paying off their mortgage for an entire year! Beginning October 1, the “FEARnet’s Scariest Haunted House Search” invites everyone to upload a short video of their Halloween decorated home to a FEARnet micro site located....... - Transnational Financial Network, Inc. Acquired All Outstanding Shares of Telava Networks, Inc.
Transnational Financial Network, Inc. (Pink Sheets:TRFN) and Telava Networks, Inc., today jointly announced they have acquired all outstanding shares of Telava Networks, Inc. and sold Transnational mortgage operations to an affiliate of Joseph Kristul and Maria Kristul in consideration of the assumption of all outstanding obligations and indemnification of the Company for contingent liabilities. - Capstead Mortgage Corporation Announces Pricing of Public Offering of Common Stock
Capstead Mortgage Corporation (NYSE: CMO) announced today the pricing of an underwritten public offering of 10,000,000 shares of its common stock at a price to the public of $9.75 per share. Capstead has granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of common stock to cover over-allotments, if any.... - Low.com Launches LeadMatch.com™, a Self-Serve Mortgage Lead Portal
Low.com, a leading consumer financial portal solutions company, announced today the launch of a new client interface called LeadMatch.com™, a self-serve lead portal dedicated to the broker and loan officer community. - Lender Lead Solutions First to Announce HECM Reverse Mortgage Based on the LIBOR Index
Lender Lead Solutions, a comprehensive reverse mortgage services company, announced the introduction of a Home Equity Conversion Mortgage (HECM) based on the London Interbank Offered Rate (LIBOR) index. Lender Lead Solutions is the first lender in the reverse mortgage industry to announce a product based on the LIBOR index instead of the Constant Mature Treasury (CMT).... - Mortgagebot Unveils Mortgage Marvel, a Revolutionary New Mortgage-Shopping Web Site
Home buyers are shopping for mortgage loans, and lenders want their business. How best to bring the two groups together? For both consumers and lenders, getting together can be a real challenge—but Mortgagebot LLC of Mequon, Wis. has done something about it. - WaMu Implements Industry Leading Standard for Mortgage Brokers, Launches Direct Call Program
Washington Mutual (NYSE:WM) today unveiled a new, industry-leading standard for mortgage brokers with whom it does business to help ensure that borrowers fully understand the terms of the loan their brokers are requesting in addition to the total compensation the borrower will pay to the broker for their services...... - LendingPatterns™ Now Features New 2006 HMDA Data
AllRegs, the leading online publisher for the mortgage lending industry, is proud to announce the availability of the new 2006 HMDA Data in LendingPatterns™. - Morgan Stanley Announces Restructuring of Mortgage Business
Morgan Stanley (NYSE: MS) announced today a restructuring of its residential mortgage business both to reflect current market conditions and to position the business for long-term growth. - LION Announces Sale of Mortgage 101 Website Property
LION, Inc. (OTCBB:LINN) announced today that it had sold the Company’s Mortgage 101 website and certain related assets to Internet Brands, Inc. (“Internet Brands”) pursuant to an asset purchase and sale agreement. Under the agreement, Internet Brands paid the Company $5,000,000 and agreed to pay up to an additional $350,000 by December 31, 2007. - Advectis®, Inc. Ranks in Deloitte’s Technology Fast 50 Program for Georgia
Advectis®, Inc., provider of the most widely-used solution for electronic mortgage document collaboration, announced that the company has been named to Deloitte’s prestigious Technology Fast 50 Program for Georgia, a ranking of the 50 fastest growing technology, media, telecommunications, and life sciences companies in Georgia by Deloitte & Touche USA LLP, one of the nation’s leading professional services organizations...... - PropertyInfo Corporation, a Stewart Company, Adds Nadeau as Senior Vice President of eLender Busine
In this new position, Nadeau will be responsible for leading and developing the comprehensive Stewart national eLender business strategy utilizing the company’s eMortgage process. This process offers the consumer an enhanced closing experience using Stewart’s eClosing technology..... - Cantor Fitzgerald Promotes Shawn Matthews and Scott Moore, Announces Dramatic Expansion Plans in
Cantor Fitzgerald, L.P. today announced its renewed commitment to the mortgage-backed securities market with the promotion of Shawn Matthews in New York and Scott Moore in Chicago as Senior Managing Directors and co-heads of Cantor’s mortgage-backed sales and trading business...... - NAMP Offers FREE Helpline for All Mortgage Questions
With all the negative news surrounding the mortgage industry, many consumers are anxious, concerned, and have many questions about their current mortgage and future mortgage making decisions.... - American Home Mortgage Clarifies Certain Information Regarding its Servicing Operations
American Home Mortgage Investment Corp. (OTC:AHMIQ) (“American Home”) announced today that it has resolved the issues surrounding the Freddie Mac and Ginnie Mae owned loans.... - Fitch: Rating Pressure Continues to Mount for U.S. Mortgage REITs
Limited access to capital has hurt U.S. mortgage REITs, thus worsening funding profiles and growth prospects and leading to increased ratings pressure in the last several weeks, according to a special report from Fitch Ratings. - Mavent Releases CRAx Secondary Market Execution Solution
Mavent Inc., a leading provider of automated regulatory compliance solutions to the mortgage industry’s largest originators and investors, announced today the release of CRAx........ - Mortgage Builder® Wholesale Broker Web Site Selected by
Mortgage Builder Software, Inc., provider of end-to-end mortgage banking software, announced that Southfield, Mich.-based Right Stop Mortgage LLC has selected Mortgage Builder Loan Origination Software.....
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