Tag Archives: Attorneys & Title Companies

On Friday, after years of bills from lawmakers to reform Fannie and Freddie, the Treasury Department unveiled a plan to finally ├â┬ó├óÔÇÜ┬¼├àÔÇ£wind down├â┬ó├óÔÇÜ┬¼├é┬Ø the mortgage giants. According to a release, the Treasury Department will end a past ├â┬ó├óÔÇÜ┬¼├àÔÇ£circular├â┬ó├óÔÇÜ┬¼├é┬Ø arrangement with Fannie and Freddie that allowed the companies to repay the agency with the very funds it received in the first place. The new agreement requires that Fannie and Freddie divert any new quarterly profits back to Treasury in order to repay taxpayers for their losses.

The Consumer Financial Protection Bureau strikes once more ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô against the little guy, according to recent reports. One of those came from analysts with Moody's Investors Service on Thursday. Their report suggests that a tide of new rules from the credit bureau will likely impose "costly" and "challenging" new costs on small to midsize servicers. As for the bigger guys? Analysts say they may just walk away from the rules without a scratch. And theirs isn't the first report to say as much. Read more to learn why.

Massachusetts-based Mortgage Master is extending its industry footprint. The company recently announced the opening of a new operations center in Maitland, Florida, as well as the expansion of its current operations centers in Sea Grit, New Jersey and its corporate headquarters in Walpole.

Financial industry organization, Independent Community Bankers of America (ICBA), is welcoming a new vice president. ICBA recently announced the appointment of Andrea Bona as VP of marketing for the association.

Despite continuing improvement in builder confidence, housing starts slipped in July to 746,000 with single-family starts accounting for decline, the Census Bureau and Department of Housing and Urban Development reported jointly Thursday. Housing permits though improved to 812,000, the highest level in almost four years. Economists surveyed by Bloomberg expected 750,000 starts and 766,000 permits in July. Total housing completions in June rose to 668,000, the highest level since June 2010.

The estate once belonging to Golden Globe-winning actress and singer Pia Zadora is back on the market, just one year after the new owners purchased the abode from Zadora for around $5 million. However, the newly listed abode now boasts a much higher price tag, and according to Trulia, the Pacific Palisades property is for sale at a stunning $26 million.

MVB Financial Corp. and its bank holding company MVB Bank, Inc., have announced a second-quarter earnings boost of 28.4 percent year-over-year, and the company says its mortgage unit should receive much of the credit for the positive quarterly results. The West Virginia-based company noted in an official statement that robust commercial loan demand and strong mortgage lending were the catalysts behind MVB Financial's successful performance.

Connecticut-based Marketcore, Inc., is receiving recognition in a recently released white paper from the National Association of Insurance Commissioner's Center for Insurance Policy and Research (CIPR). The financial services provider was cited in the group's report for its inventive Transaction Credits tool, which provides incentives to originators, aggregators, and investors who use the system to report events related to the value of underlying mortgages.

Hollywood heavyweight Jeffrey Katzenberg has put his swanky estate in Deer Park, Utah, on the market. Katzenberg, currently the CEO of DreamWorks Animation, listed the luxurious log cabin ski chalet for $20.5 million, according to Realestalker.

Builder confidence improved two points in August to 37, its highest level since February 2007, the National Association of Home Builders (NAHB) reported Wednesday. Economists had expected the index to remain flat at 35. The improvement in the index in August marked the fourth straight month-month gain.