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Mortgage Banking

OFHEO RELEASES THIRD-QUARTER HOUSE PRICE INDEX.(Office of Federal Housing Enterprise Oversight)(Brief Article)(Statistical Data Included)

OFHEO RELEASES THIRD-QUARTER HOUSE PRICE INDEX.(Office of Federal Housing Enterprise Oversight)(Brief Article)(Statistical Data Included) THE OFFICE OF FEDERAL HOUSING ENTER-prise Oversight (OFHEO), Washington, D.C., has released its House Price Index (HPI), a quarterly report analyzing housing appreciation trends by state, Census division and metropolitan statistical area (MSA). Average U.S. house prices increased 7.3 percent from […]

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Mortgage Banking

2004 online guide directory listings.(Illustration)

2004 online guide directory listings.(Illustration) NAME INTERNET SITE DESCRIPTION 1st 2nd Mortgage Co. www.1st2ndmortgage.com Mortgage banker and of New Jersey Inc. direct lender offering online applications, loan status tracking, preapproval, rates, forms, glossary, FAQs and more 1st AAA Commercial www.blackburne.com Database …

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Mortgage Banking

TQM in mortgage banking. (total quality management)

TQM in mortgage banking. (total quality management) Hershkowitz, Brian Total quality management (or TQM) is currently a focus, both for many MBA members, as well as the association. TQM has many elements. One of the largest elements is the dedication of people within an organization to its goals. W. Edward Deming, who is often thought […]

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Mortgage Banking

Conquering foreclosure paperwork.(Servicing)(Catapult software replaces paper)(Cover Story)

Conquering foreclosure paperwork.(Servicing)(Catapult software replaces paper)(Cover Story) Shapiro, Gerald M. Cumbersome stacks of paper used to be commonplace in servicers’ mailrooms when it came time to refr a foreclosure case to an attorney. Not any more. New software could help toss out the paper for good, as files get transmitted electronically. One of the bastions […]

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Mortgage Banking

Wamu offers Teacher Mortgage Program. (Business Alert).(WASHINGTON MUTUAL)(Brief Article)

Wamu offers Teacher Mortgage Program. (Business Alert).(WASHINGTON MUTUAL)(Brief Article) WASHINGTON MUTUAL (WAMU), SEATTLE, announced its Teacher Mortgage Program, which allows state-certified teachers and administrators employed at accredited K-12 schools to receive a 0.5 percent discount on the loan origination points when buying a home. The program is designed to make it easier for teachers and […]

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Mortgage Banking

IndyMac chooses First American for foreclosure and bankruptcy outsourcing.(Tech Newz)(Brief Article)

IndyMac chooses First American for foreclosure and bankruptcy outsourcing.(Tech Newz)(Brief Article) ORANGE, CALIFORNIA-BASED FIRST AMERICAN Default Technologies announced that IndyMac has selected First American as its foreclosure and bankruptcy process outsource provider. Through this relationship, First American will provide default-related services to IndyMac and its national attorney/trustee network. To ensure a seamless foreclosure and bankruptcy […]

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Mortgage Banking

Countrywide offers new home-loan program.

Countrywide offers new home-loan program. COUNTRYWIDE HOME LOANS, INC., CALabasas, California, has introduced a home loan called the Optimum Loan[SM] Program. The Optimum Loan Program, available now through Countrywide’s retail division and ultimately through its wholesale channel, will expand the company’s mortgage menu with features to help overcome common obstacles to qualifying for a mortgage […]

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Mortgage Banking

A history of mortgage reform.

A history of mortgage reform. Lotstein, Robert S. Progress made in the lengthy effort to reform laws governing mortgage origination can be measured in inches. Class-action suits have galvanized the industry to seek relief, but working groups and regulatory proposals, while raising hopes, have often proved false starts. None, as yet, has produced global and […]

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Mortgage Banking

MBA releases subprime market share report.(Business Alert)(Brief Article)

MBA releases subprime market share report.(Business Alert)(Brief Article) THE MORTGAGE BANKERS ASSOCIATION (MBA) released a new lender market share report that ranks subprime lenders nationally and at the state level. The new report, 2003 Subprime Mortgage Lenders, details the number and dollar volume of mortgage originations, providing overall, purchase and refinance originations. According to the […]

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Mortgage Banking

Bankatlantic provides $30 million in acquisition funding.(Commercial)(Bankatlantic Commercial Mortgage Capital)(Brief Article)

Bankatlantic provides $30 million in acquisition funding.(Commercial)(Bankatlantic Commercial Mortgage Capital)(Brief Article) BANKATLANTIC COMMERCIAL MORTGAGE Capital (BACMC), Boca Raton, Florida, provided acquisition financing of $30.6 million to Toll Brothers Inc., Horsham, Pennsylvania. The property, a 203,000-square-foot, class-A office building, was purchased by a joint venture between Compson Development, Boca Raton, Florida, and Allen Konrad Partners, Boca […]