WASHINGTON, DC - November 18, 2010 - (RealEstateRama) -- Improving financial conditions and recent encouraging signs from the labor market should set the stage for an above-par growth trend by mid 2011, according to the November 2010 Economic Outlook released today by Fannie Mae's (FNMA/OTC) Economics & Mortgage Market Analysis Group. Despite challenges, including uncertainty on the domestic fiscal policy and international fronts, improvement in economic activity will likely occur at a gradual pace moving into 2011. The economy showed a slight pickup in growth in the third quarter to 2.0 percent at an annualized pace, up from 1.7 percent in the previous quarter, and consumer spending posted the best showing since the end of 2006. Even with stronger than expected economic growth in the third quarter, the group forecasts continued sluggish growth at least through the first quarter of 2011.
PLEASANTON, CA and LA JOLLA, CA - November 18, 2010 - (RealEstateRama) -- Ellie Mae®, the enterprise mortgage origination technology provider for mortgage bankers, mortgage brokers, community banks, credit unions and other mortgage lenders, and Closing.com, the largest one-stop-shop for real estate closing services on the Web, have announced the launch of Encompass Assured GFE™ service powered by Closing.com’s SmartGFE® Service. With Encompass Assured GFE, Encompass360™ users can now create Good Faith Estimates, which are backed by a ClosingCorp compliance guarantee, directly from their Encompass360 systems.
McLean, VA – Freddie Mac (OTC:FMCC) today issued its 2011 funding calendars, which provide optional announcement dates for Reference Notes® securities and announcement and auction dates for Reference Bills® securities. The 2011 funding calendars are available on the Debt Securities page of the company’s Web site
McLean, VA - November 18, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), which found that the 30-year fixed-rate mortgage (FRM) and the 15-year (FRM) rose dramatically this week, as did the 5-year ARM. The 1-year ARM remained unchanged from the previous week.
November 17, 2010 - (RealEstateRama) -- The Conference of State Bank Supervisors (CSBS), which operates the Nationwide Mortgage Licensing System and Registry (NMLS) on behalf of state mortgage regulators, today announced unique state test components are now available for all 50 states and two territories—the District of Columbia and the Virgin Islands.
WASHINGTON, D.C. - November 17, 2010 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending November 12, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 14.4 percent on a seasonally adjusted basis from one week earlier. The results do not include an adjustment for Veterans Day. On an unadjusted basis, the Index decreased 15.0 percent compared with the previous week.
WASHINGTON, DC - November 17, 2010 - (RealEstateRama) -- Today Senate Banking Committee Chairman Chris Dodd (D-CT) held an oversight hearing investigating problems in the mortgage servicing industry. The Committee heard testimony from state officials, industry executives, and experts in law and consumer protection, and explored how mortgage servicing practices may have prevented modifications and even resulted in unjustifiable foreclosures.
LITTLE ROCK, AR - November 16, 2010 - (RealEstateRama) -- Attorney General Dustin McDaniel today announced that he has joined a multistate review into possibly improper practices within the mortgage service industry.
WASHINGTON, D.C. - November 16, 2010 - (RealEstateRama) -- Conducted quarterly since 1972, MBA's National Delinquency Survey covers more than 40 million loans on one-to-four-unit residential properties, representing more than 80 percent of all first-lien residential mortgage loans outstanding in the United States.
November 16, 2010 - (RealEstateRama) -- Mortgage Cadence, LLC, a leading provider of Enterprise Lending Solutions (ELS), Loss Mitigation Technology and Document Services for the financial services industry, announces the direct integration with EarlyCheck in support of Fannie Mae’s Loan Quality Initiative (LQI). EarlyCheck provides users with access to Fannie Mae’s data checks at any point in the lender’s business process. Validating critical data prior to delivering a loan to Fannie Mae provides increased certainty for the lender and ultimately reduces funding and pooling delays after submission
WASHINGTON, November 28, 2007 - Single-family existing-home sales were stable in October while the condo sector was down, according to the National Association of Realtors®. Lingering effects of the credit crunch were a drag on sales but the mortgage situation has improved significantly
WASHINGTON, D.C., November 21, 2007 — The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending November 16, 2007. The Market Composite Index, a measure of mortgage loan application volume, was 681.7, a decrease of 3.6 percent on a seasonally adjusted basis from 707.3 one week earlier. On an unadjusted basis, the Index decreased 5.2 percent compared with the previous week and was up 9.8 percent compared with the same week one year earlier
The weekly Mortgage Application Index fell 3.6 percent last week on a seasonally adjusted basis to 707.3. On an unadjusted basis, the index declined 5.2 percent compared to the previous week, but was up 9.8 percent compared with the same week last year.
Alexandria, VA, Nov. 20, 2007 -- Federally insured credit unions reported strong asset and share growth through September 30, 2007, according to third-quarter 2007 Call Report data submitted by the nation’s 8,163 federally insured credit unions.
Washington, D.C., Nov. 15, 2007 – The mortgage crisis has forced a record number of working and middle class families out of their homes this year and more than two million American families face the prospect of foreclosure by the end of 2008. For these individuals, finding a reliable mortgage company is of utmost importance as they struggle to keep their homes.