July 30, 2010
- DocuTech Corp, an Idaho Falls, Idaho-based provider of compliance services and documentation technology for the mortgage industry, recently announced that it signed 25 new clients in the first two quarters of this year, marking 14 consecutive quarters of growth for the 19-year-old company. According to DocuTech, lenders look to the company for sophisticated, but not complicated, mortgage document tools that seamlessly integrate with existing loan origination systems, thus enabling mortgage...
- The Federal Reserve has decided to raise the dollar amount of mortgage fees that trigger additional regulatory disclosure requirements under the Truth in Lending Act (TILA) and the Home Ownership and Equity Protection Act of 1994 (HOEPA). On Friday, the central bank's board of governors issued an adjustment to the rule, bumping the amount of the fee-based trigger up 2 percent to $592, effective January 1, 2011. Currently that threshold is set at $579.
- CNBC's Maria Bartiromo discusses the day's business and financial stories, and looks ahead to Monday's Closing Bell.
Dennis Cardoza's intense criticism of the Obama Administration's handling of the foreclosure crisis is being viewed by critics in his conservative ...
Localities, states scramble to spend foreclosure relief aid - USA Today- John Robbins, who five years ago sold his nonbank mortgage company to Wachovia at a nice profit, is trying to re-enter the industry, according to people familiar with his plans.
- Fannie Mae has opened a mortgage help center in the Windy City in order to provide counseling and other services for struggling homeowners in the greater metro area with loans owned by the GSE. The new center in Chicago is the second facility and third announced partnership in Fannie Mae's planned series of mortgage help centers across the country. The GSE said it partnered on this initiative with Neighborhood Housing Services of Chicago, major mortgage servicers, and civic and community...
- It is not a new problem, but the phenomenon of pets abandoned in foreclosed and repossessed housing is growing as more families lose their homes.
- What follows is a roundup of corporate earnings reports for Monday, Aug. 2.
- The two corporate names linked in recent weeks to high-profile settlements with the Securities and Exchange Commission (SEC) over questionable practices related to mortgage investments are teaming up to bring to market the year's third multi-borrower bond backed by commercial real estate. Goldman Sachs and Citigroup are putting together a $788.5 million commercial mortgage-backed security (CMBS) offering comprised of debt from 48 retail and office properties.
Volunteers at the Department of Consumer Affairs are biking through the city to help people facing foreclosure avoid being scammed. Bikers were in Jamaica, ...