Home >> News >> Government (page 443)

Government

Freddie, HUD Offer a Hand to Irene Victims

Freddie Mac and HUD recently stepped up home relief programs for eligible borrowers who saw their property and prized possessions wash away with the tidewaters of Hurricane Irene. The availability of federal relief will allow qualifying homeowners in distress to gain reprieve from late fees and penalties likely to result from delayed mortgage payments, avoid foreclosure and eviction from their homes, and take advantage of HUD insurance policies to revamp their residences.

Read More »

Churchill Promoting VP of Sales

Churchill Mortgage Corp. is promoting from within, naming Doug Walker as its vice president of sales support. Walker has been employed with Churchill for more than a decade, and his new role will encompass lender support for home loan specialists in all branches of the financial institution.

Read More »

Bank of Idaho Banking of Tech

Technology provided a big boost for Bank of Idaho giving the company an estimated 67 percent increase in loan officer productivity. Utilizing Mortgagebot to integrate point-of-sale transactions, Bank of Idaho has shortened its average closing time for mortgage loans by 22 percent.

Read More »

Global Shocks Unlikely to Directly Crimp Housing

Mortgage application volume suffered a drubbing Wednesday, even as the U.S. economy fell behind in important global rankings and the euro zone crisis continues to trouble investors. With numerous economists attributing lows for consumer confidence to a bevy of international concerns, MReport spoke with analysts to spot any troubling signs for housing as the global economy wobbles. The verdict: Market watchers should keep an eye on euro zone fallout for mortgage rates and credit supply.

Read More »

MMI Takes Manhattan

On of the country├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós largest independent mortgage companies, Mortgage Master, Inc., has opened its first office in Manhattan. MMI cites the city├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós relatively resilient housing market as the catalyst behind its recent expansion in New York. The Manhattan branch will serve the Tri-State area, which includes Connecticut, New Jersey, and New York, and Massachusetts-based MMI holds licenses in all three states.

Read More »

SunTrust Promoting in Tennessee

Promoting from within, SunTrust Mortgage Inc. is set to strengthen its internal structure. Both Debi Minton and Jeff Calvert were recently named as assistant vice presidents with the Georgia-based financial institution. Minton, hired by SunTrust in April, boasts more than 23 years of finance-related experience, and additionally, she├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós spent over eight years within the mortgage lending space, prior to her promotion.

Read More »

Political Tensions Alive at Cordray Hearing

A confirmation hearing for Consumer Financial Protection Bureau director-nominee Richard Cordray largely went as expected for the Senate Banking Committee Tuesday, with Democratic members defending the federal agency and Republicans heaping criticism on it. Lingering tensions found their way into exchanges between lawmakers from both parties, in and outside the committee room. For his part, Cordray used his opportunity before the Senate Banking Committee to reassure lawmakers about his intentions.

Read More »

Prudential Hiring in Wake of Partnership

Prudential Mortgage Capital Company has added a loan officer to its mid-Atlantic, southeast, and southwest regions with the hiring of Scott Heath. Based in the company├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós Atlanta office, Heath will serve as an originator of commercial, mortgage-backed loans for securitization by newly-formed Liberty Island Group.

Read More »

Markets, Analysts React to the FHFA Suits

Partly in response to suits brought by the Federal Housing Finance Agency Friday, stocks for a number of the 17 companies-turned-defendants sank Tuesday, with Deutsche Bank leading the way down midday. Market watchers across the country offered up their reactions, with some portending considerable fallout for the economy and others waving away notions that a settlement by the banks would weaken the housing recovery. Deutsche, Barclays, Morgan Stanley, and others all saw their shares decline Tuesday midday.

Read More »

GET THE NEWS YOU NEED, WHEN YOU NEED IT.

With daily content from MReport, you’ll never miss another important headline in originations, lending, or servicing. Subscribe to MDaily to begin receiving a complimentary daily email containing the top mortgage news and market information.