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Mortgage Banking

Ginnie Mae adopts business improvement suggestions.

Ginnie Mae adopts business improvement suggestions. GINNIE MAE IS ADOPTING A MAJORITY OF THE suggestions it received during its Business Improvement Initiative (BII), in which Ginnie Mae solicited tips to improve its business operations. During the six-month collection period of Oct. 1, 2004, through March 31, 2005, Ginnie Mae said it received approximately 70 comments […]

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Mortgage Banking

Bank of American Fork signs on as Digital Escrow customer. (Tech Newz).(Digital Escrow Services Inc., U.S.)(Brief Article)

Bank of American Fork signs on as Digital Escrow customer. (Tech Newz).(Digital Escrow Services Inc., U.S.)(Brief Article) SALT LAKE CITY–BASED DIGITAL ESCROW Services Inc. (DESi) announced that American Fork, Utah-based Bank of American Fork has chosen the DESi system for online processing of escrow payments. DESi’s Web-based technology automates the traditional, labor-intensive, paper-based method of […]

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Mortgage Banking

Do 1099 Requirements Make Any Difference to the Debtor?(Brief Article)

Do 1099 Requirements Make Any Difference to the Debtor?(Brief Article) Milner, Stephen P. MOST MORTGAGE BANKERS HAVE become painfully aware of the tax-reporting requirements when there has been a foreclosure, private sale or deed in lieu of foreclosure. In essence, the lender must file a Form 1099-A with the Internal Revenue Service (IRS) and furnish […]

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Mortgage Banking

California median house price sets new record.(California Association of Realtors reports)

California median house price sets new record.(California Association of Realtors reports) THE MEDIAN PRICE OF AN EXISTING, SINGLE-family detached home in California hit a new record during the third quarter of 2003, rising 20 percent to $386,340, according to the California Association of REALTORS[R] (C.A.R.), Los Angeles. Closed escrow sales of existing, single-family detached homes […]

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Mortgage Banking

Greenspan in Unknown Territory

Greenspan in Unknown Territory Robert Stowe England What is the Fed watching as it makes monetary policy in this crucial stage of the expansion’s mature years? It turns out it’s not quite flying by the seat of its pants, but is “playing it by ear,” as one expert says. That’s what you do when the […]

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Mortgage Banking

incentive marketing programs are going upscale, with big prizes offered to participants. Commercial and residential lenders are getting into the act with prized autographed baseballs, ownership stakes in private yachts and tickets to Wimbledon

Sweetening the deal: incentive marketing programs are going upscale, with big prizes offered to participants. Commercial and residential lenders are getting into the act with prized autographed baseballs, ownership stakes in private yachts and tickets to Wimbledon Steve Bergsman WITH SO MANY LENDERS COMPETING FOR ORIGINAtion business, the ability to distinguish your product offering from […]