Residential fundings during the third quarter at MetLife Home Loans was down by more than one-third based on dollar volume, according to data provided to MortgageDaily.com by the company. Based on the number of units, production was 32 percent lower. But reverse mortgage prodution turned higher.Read more…
If you’ve been keeping up with my blog posts lately you’ll know I’ve come to adding a few news posts from around the web on this subject. I’ve got a couple more today that are new and updated, so let me know what you think of em…
Reverse Mortgage Loan: What Is A Reverse Mortgage …
With [...]
Google noted in a blog posting today that it is testing comparison ads at its AdWords unit. Ads that are displayed include pricing from multiple lenders along with the option to choose purchase or refinance transactions. The lender pays when a quote is generated or a telephone call is made.Read more…
The Federal Trade Commission has announced Operation Clean Sweep. The action is a joint effort with 24 state agencies to crack down on 33 operations that deceptively claim they can remove negative credit information — even when the negative items are accurately reported. The actions were taken as a result of thousands of complaints from [...]
Back with more news for you today. It’s amazing how much good information there is on this stuff out there if you know where to look. Three in particular that I found really valuable were…
The Mortgage-Prepay Strategy for Loose Cash
Also look at the Adjustable Rate Mortgage Calculator at BankingMyWay.com. It gives a useful view of [...]
Advantage Systems predicts net branch acquisitions will increase. The company provides accounting and contract management tools for the mortgage industry. "As the mortgage lending industry changes and adapts to this new market, we have seen a clear shift towards acquiring net branches as a way for lenders to expand," Advantage’s president said in the statement.Read [...]
Ok so you might find the next few links interesting. These are from around the web, just random snippets that I’ve picked up in my reading, but I found some very cool information in them. You might too. Here goes…
Is home-loan modification the right step?
According to the mortgage servicer portal administered by Fannie Mae, if [...]
PHH Corp. announced that Jerome J. Selitto was named president and chief executive officer. Selitto most recently served as a consultant to Ellie Mae. Before that, he was CEO of online home-equity lender DeepGreen Financial.Read more…
Hillcrest Bank Florida was closed by the Florida Office of Financial Regulation and handed over to the Federal Deposit Insurance Corporation as receiver. Next was Flagship National Bank, which was closed by the Office of the Comptroller of the Currency. Following Flagship was Bank of Elmwood, which was seized by the Wisconsin Department of Financial [...]
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