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Monday Morning Cup of Coffee
Housing Wire —
Authority: 648
A look at the stories on HousingWire’s weekend desk…with more coverage to come on bigger issues:Regulators shut down six banks Friday, bringing to total number of failed institutions to 130 this year. The total estimated cost to the Federal Deposit Insurance Corp.’s (FDIC) deposit insurance fund is $2.384bn.The ...3 hours ago -
Cole Taylor Bank Launches Mortgage Origination Unit
Housing Wire —
Authority: 648
Cole Taylor Bank, subsidiary of Taylor Capital Group (TAYC: 7.98 +14.33%) launched a new residential mortgage origination unit.Former executive vice president of ABN AMRO Mortgage Group Willie Newman — a 24-year industry veteran — will head up the business.The mortgage origination unit will operate offices in ...2 days ago -
Mortgage Insurers Deny 20-25% of Claims: Moodys : HousingWire …
Mortgage online —
Authority: 161
Monolines and mortgage insurers are attempting to narrow mortgage -related losses by put-backs to originators and claims rescissions and denials, according to insurance industry commentary this week by Moodys Investors Service.2 days ago -
Cole Taylor Bank Launches Mortgage Origination Unit : HousingWire …
Mortgage online —
Authority: 161
The mortgage origination unit will operate offices in several states, maintaining established relationships with mortgage brokers. It will also operate through remote retail origination sites and Cole Taylors retail banking branches. ...2 days ago -
Fannie Raises Minimum Credit Score to 620
Housing Wire —
Authority: 648
As the Federal Housing Administration (FHA) considers raising the minimum credit score requirement for new borrowers to reduce risks to the single-family insurance fund, Fannie Mae (FNM: 0.9207 +0.08%) has increased the minimum borrower credit score from 580 to 620.Brian Faith, a spokesperson at Fannie, confirmed the ...3 days ago -
Congress Takes on Chinese Drywall
Housing Wire —
Authority: 648
Congress is taking action to help homeowners affected by defective drywall manufactured in China.The drywall was used to build hundreds of homes during the housing boom and is now known to cause serious structural defects, according to the results of a government task force investigation.Both houses of Congress ...3 days ago -
Weekly Mortgage Rates Reach Record Lows: Freddie
Housing Wire —
Authority: 648
The average interest rate for 30-year and 15-year fixed-rate mortgages (FRM) reached a new record low, according to Freddie Mac (FRE: 1.08 -0.92%).Freddie Mac’s weekly survey of mortgage rates put the 30-year FRM at 4.71% with an average 0.7 point, down from last week, when the rate of 4.78% tied the previous ...3 days ago -
Weekly Mortgage Rates Reach Record Lows: Freddie : HousingWire …
Mortgage online —
Authority: 161
Freddie put the five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) at 4.19% with an average 0.6 point, up from last weeks average 4.18%. The one-year Treasury-indexed ARM averaged 4.25% with an average 0.6 point, ...3 days ago -
Beige Book Shows Flat House Prices, Weak Loan Demand
Housing Wire —
Authority: 648
Residential real estate conditions improved somewhat although house prices remained flat or fell slightly across various districts since the last publication of the Federal Reserve’s Beige Book.The Beige Book is an economic indicator published eight times a year by the US central banking regulator. It incorporates ...4 days ago -
Gross Mortgage Applications Up 2.1%: MBA
Housing Wire —
Authority: 648
Mortgage applications increased in two weekly surveys.The Mortgage Bankers Association (MBA) index of gross mortgage applications increased 2.1% on a seasonally adjusted basis from the previous week.Mortgage Maxx’s index of applications that’s adjusted to calculate the number of individuals who apply for mortgages ...4 days ago -
Gross Mortgage Applications Up 2.1%: MBA : HousingWire …
Mortgage online —
Authority: 161
Mortgage applications increased in two weekly surveys. The Mortgage Bankers Association (MBA) index of gross mortgage applications increased 2.1% on a seasonally adjusted basis from the previous week. Mortgage Maxxs index of ...4 days ago -
Mortgage Applications on the Rise, Says Mortgage Bankers …
Mortgage online —
Authority: 161
(WASHINGTON, D.C.) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending November 27, 2009, which was a shortened week due to the Thanksgiving holiday. ...5 days ago -
PA Borrower Sues to Have Toll Brothers Mortgage Voided
Housing Wire —
Authority: 648
A class action lawsuit filed against Toll Brothers (TOL: 19.56 +0.36%) in Pennsylvania Tuesday, seeks damages from the builder and its mortgage lending subsidiary for originating mortgages in the state without the proper license.According to court documents, Toll Brothers’ mortgage business TBI Mortgage, formerly ...5 days ago -
Pending Home Sales Up 3.7% in October: NAR
Housing Wire —
Authority: 648
Pending home sales continued a nine-month-long run in October, according to a National Association of Realtors (NAR) index.NAR’s pending home sales index increased 3.7% from September to October and is up 31.8% from its October 2008 level. The nine consecutive month-over-month gains mark the longest run since the ...5 days ago -
Lend America Out of Business
Housing Wire —
Authority: 648
[Update 3: adds Lend Americas statement on ceasing operations, updates headline.]The Federal Housing Administration (FHA) on Monday withdrew its approval from Ideal Mortgage Bankers, which operates as Lend America and Lending Key.FHA is joined in the effort by Ginnie Mae, which at the same time defaulted Lend America, ...5 days ago -
FHA, Ginnie Suspend Lend America
Housing Wire —
Authority: 648
[Update 1 adds Lend Americas statement.]The Federal Housing Administration (FHA) on Monday withdrew its approval from Ideal Mortgage Bankers, which operates as Lend America and Lending Key.FHA is joined in the effort by Ginnie Mae, which at the same time defaulted Lend America, preventing it from issuing Ginnie ...5 days ago -
FHA Proposes Lenders Maintain $2.5m Net Worth
Housing Wire —
Authority: 648
Federal Housing Administration (FHA)-approved lenders could be required to hold increased net worth, meet stronger approval criteria and be held responsible for the actions of the mortgage brokers they do business with, if a recently proposed FHA rule is enacted.The rule is designed to reduce risks to the ...6 days ago -
Monday Morning Cup of Coffee
Housing Wire —
Authority: 648
A look at the stories on HousingWire’s weekend desk…with more coverage to come on bigger issues:In an op-ed piece in the Washington Post Sunday, Ben Bernanke, the chairman of the Federal Reserve, wrote that a number of proposals to restructure the financial regulatory system would degrade the Fed’s ability to ...1 week ago -
Kitty Code Releases Traveler’s Quest Game For The iPhone
iPhone News at Desinformado.com | The Complete Source for iPhone News —
Authority: 148
Kitty Code, LLC today announces Travelers Quest 1.0, their highly anticipated game for iPhone devices. A casual treasure hunting adventure game, Travelers Quest is played while youre on the go. Dig up treasures in your neighborhood, bury treasures around town and the world while gaining gold for treasures buried and ...1 week ago -
Virtual Assistant Uk Reveals The Rising Issues With EU Internal Business.
Free Internet Marketing Information —
Authority: 157
European union ecological issues. Individual carbon taxes and accounting necessities are seemingly to be enforced in some EU nations in coming years. This can need the availability of improved ecological info, consumption statistics and accounting of product buying overheads. Proposed developments embody the ...1 week ago

