|
ISGN Strengthens Its Mortgage Industry
Leadership Position; Acquires U.S. Mortgage
Software Firm Dynatek |
| CHENNAI,
India--(BUSINESS WIRE)--ISGN, a rapidly growing
provider of technology services to the U.S.
mortgage industry, has announced it has acquired
Dynatek, a U.S.-based provider of mortgage
automation software for retail and wholesale
lenders. With this acquisition, ISGN now serves
more than 400 lender clients, achieving
considerable penetration into the industrys
mid-market, and has added ... |
May 21,
2007 Business Wire
|
|
Personnel to get aid: Mortgage program helps
active duty, vets |
| May 21--A new $15
million pilot mortgage program to help Illinois
veterans and active duty personnel with
mortgages and closing cost assistance is now
available. The program, called G-I Loan for
Heroes, is designed to help more than 100
qualified veterans and service men and women
secure low-interest mortgages and provide
closing cost assistance. The program offers a
low-interest rate first ... |
May 21,
2007 Knight Ridder Tribune Business News
|
|
House prices slow on loan rate fears |
| May 21--Rising interest
rates have slammed the brakes on the housing
market, according to a raft of figures out
today. House prices grew at their slowest rate
for months in April while mortgage lending also
cooled, signalling that the market may be on the
verge of a correction. It came as potential
buyers are forced to grapple with higher
interest rates which have sent mortgage costs
soaring in ... |
May 21,
2007 Knight Ridder Tribune Business News
|
|
Three plaintiffs say firm tried to dupe them out
of homes
|
| May 21--At least three
lawsuits have been filed against mortgage
company D and D Home Loans and others by people
who say the broker tried to trick them out of
their homes. Lawyer Tanya Bullock, who filed the
actions on behalf of all three plaintiffs,
claimed in court papers that the company's
actions "expose a classic foreclosure rescue
scam." "The scammer tells the homeowner that to
refinance ... |
May 21,
2007 Knight Ridder Tribune Business News
|
|
SunTrust speculation could turn into feeding
frenzy
|
| May 21--The pesky rumor
about some sharklike banking giant gobbling up
SunTrust Banks Inc. is back, this time with a
vengeance. For more than 20 years now,
speculation has periodically erupted on Wall
Street that Atlanta-based SunTrust, the nation's
seventh-largest bank and the largest in Central
Florida, is on the verge of a takeover. Most
often, Wells Fargo & Co. |
May 21,
2007 Knight Ridder Tribune Business News
|
|
Impac Mortgage Holdings, Inc. to Create National
Retail Franchise and Bolster Wholesale Lending
through Strategic Transaction with Pinnacle
Financial Corporation |
| IRVINE, Calif., May 21 /PRNewswire-FirstCall/
-- Impac Mortgage Holdings, Inc. (NYSE: IMH), ('Impac'
or the 'Company,') a Maryland corporation, being
taxed as a real estate investment trust ('REIT'),
announced today that its wholly-owned
subsidiary, Impac Funding Corporation, has
entered into a definitive agreement to acquire
certain assets comprising the retail and
wholesale lending platform of ... |
May 21,
2007 PR Newswire
|
|
More Remote control... |
| Over the last ten years,
the mortgage industry has changed considerably.
Non-conforming specialist lending has become
more established, which in turn meant that
regulation had to become much tighter due to the
risks associated with more complex lending
criteria. These changes were brought in to
ensure all parties involved with the mortgage
process did so accurately and conclusively, as
risks were ... |
May 21,
2007 Mortgage Solutions
|
|
Testimony of Sandra Braunstein, Director,
Division of Consumer and Community Affairs Bank
mergers, Community Reinvestment Act enforcement,
subprime mortgage lending, and foreclosures
|
| Testimony of Sandra
Braunstein, Director, Division of Consumer and
Community Affairs Bank mergers, enforcement,
subprime mortgage lending, and foreclosures
Before the Subcommittee on Domestic Policy,
Committee on Oversight and Government Reform,
U.S. House of Representatives, at the Carl B.
Stokes U.S. Court House, Cleveland, Ohio May 21,
2007 Chairman Kucinich, Ranking Member Issa, and
members ... |
May 21,
2007 Federal Reserve
|
|
Solid as a rock |
| Q As you claim to be one
of the most efficient lenders, how can you
justify a 345 valuation administration fee? Is
this not just a way of disguising an extra
charge for the customer? Taking one fee in
isolation does not provide a true picture of our
mortgage products or the competitiveness of the
complete deal. The loan package should be viewed
in terms of the interest rate paid, fees, ... |
May 21,
2007 Mortgage Solutions
|
|
Ditech Real Life Plan Empowers Customers With
Package of Home Finance Solutions |
| First-of-its-kind
product provides mortgage or refinance, HELOC
and equity rewards card in one easy step COSTA
MESA, Calif., May 21 /PRNewswire/ -- Ditech, a
nationwide provider of residential mortgage
loans and financial services, announced today
the launch of the Real Life Plan(SM), the first
product of its kind to combine a mortgage or
refinance with a home equity ... |
May 21,
2007 PR Newswire
|
|
First American CREDCO Partners With CreditXpert
|
| New products now
available from mortgage industry's leading
consumer credit information provider TOWSON,
Md., May 21 /PRNewswire/ -- CreditXpert Inc., a
developer of credit management and optimization
solutions, today announced its partnership with
First American CREDCO, the leading provider of
merged credit reports to the mortgage and
consumer finance industries ... |
May 21,
2007 PR Newswire via Charlotte Observer
|
|
United First Financial Finds Success in 2006 -
Its First Year of Selling Nationwide |
| DRAPER, Utah--(BUSINESS
WIRE)--United First Financial (UFirst), a
consumer-focused technology company, saw
unprecedented growth during the last nine months
of 2006 due to the launch of its Money Merge
Account solution. More than 5,000 independent
agents signed up with the company by the end of
2006. Following a one-year, regional beta test
in 2005, UFirst began initial sales and
marketing of its ... |
May 21,
2007 Business Wire via Yahoo!
|
|
Lancaster Mortgage Bankers Select Sollen
Technologies' Lender OnLine and Best Ex
|
| NEW YORK--(BUSINESS
WIRE)--Sollen Technologies, an Internet-based
application services provider of product,
pricing and best execution capabilities for the
mortgage industry, announced Warren, N.J.-based
Lancaster Mortgage Bankers, LLC has chosen to
use both Sollen's Lender OnLine and Best Ex. The
Web-based applications match the most compatible
loan product with the borrower by providing real
... |
May 21,
2007 Business Wire via Yahoo!
|
|
Don't let clients get into a financial fix
|
| Mel Dring - director if
marketing, Freedom Lending The Bank of England's
recent decision to raise interest rates once
again came as a shock to nobody. A poll of
analysts the day before the Monetary Policy
Committee meeting confirmed a unanimous belief
that the base rate was going to rise. The issue
now appears to be whether the MPC believes
inflation is sufficiently under control or
whether a ... |
May 21,
2007 Mortgage Strategy
|
|
Bank groups issue mortgage reform ideas
|
| Bank groups issue
mortgage reform ideas WASHINGTON (AP) - Banking
industry trade groups Monday endorsed mortgage
reform principles as the troubled market for
high-risk home loans worsens and Congress
ponders whether to intervene. The statement from
five industry groups says lenders are already
stepping up efforts to assist borrowers who face
default or foreclosure and emphasizes that
lenders are ... |
May 21,
2007 AFX Press
|
|
Correction: Fitch Rates Polish Bank Millennium
IDR 'A'; Outlook Stable |
| : This announcement
corrects the version issued earlier today. In
the first paragraph, the Support '1' rating
should be affirmed and not assigned. The
corrected text is as follows:Fitch Ratings has
today assigned Poland-based Bank Millennium
ratings of Issuer Default 'A', Short-term 'F1'
and Individual 'C/D'. The Outlook on the Issuer
Default rating ('IDR') is Stable. |
May 21,
2007 Fitch IBCA
|
|
Towards Fairer outcomes for consumers through
principles-based regulation |
| Speech by Katherine
Webster, Manager of the Unfair Contracts Team,
FSA at The Building Societies' Association Legal
Forum 11 May 2007 Many thanks for inviting me to
join you here today. I am going to speak to you
about our move towards more principles-based
regulation and how we are shifting our focus
from regulating processes to achieving improved
outcomes for consumers. |
May 21,
2007 UK Financial Services Authority
|
|
Royal KPN, Finland, SunTrust, Greece to Sell
Debt: European Bond Alert |
| Royal KPN, Finland,
SunTrust to Sell Debt: European Bond Alert By
Steve Rothwell and John Glover May 22
(Bloomberg) -- The following is a list of bond
sales denominated in euros or pounds and
expected in the coming days and weeks.
Investment-Grade Sales ROYAL KPN NV, the largest
phone company in the Netherlands, plans to sell
bonds denominated in euros and pounds to help
refinance money withdrawn ... |
May 22,
2007 Bloomberg
|
|
Borrowers will have to pay to go green |
| David Hollingworth is
mortgage specialist at London & Country Gordon
Brown has already made it clear that he is
prepared to tackle green issues and as
chancellor has made several green points in his
Budgets. Road Tax has been used to try and beat
down the use of gas-guzzling 4x4s in favour of
more economical vehicles and there have also
been breaks for carbon-neutral homes. |
May 21,
2007 Mortgage Strategy
|
|
Bank groups issue mortgage reform ideas
|
| Banking industry trade
groups Monday endorsed mortgage reform
principles as the troubled market for high-risk
home loans worsens and Congress ponders whether
to intervene. The statement from five industry
groups says lenders are already stepping up
efforts to assist borrowers who face default or
foreclosure and emphasizes that lenders are
voluntarily tightening loan standards. |
May 21,
2007 AP via Business Week
|
