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The program and personalities of the 2003 Indy Racing League are discussed.

Commercial banks extend almost half of all rural housing credit, which makes them the dominant lender to the rural market. Banks hold 39.7% of the overall agricultural lending market, but the Farm Credit System remains the leading provider of agricultural mortgages. However, banks are in position to soon overtake the FCS in that segment of the market., Which segment of the U.S. mortgage market makes up 80% of this country's land, 20% of its population, needs hundreds of billions of dollars of credit and is dominated by [...]

PHOTO (COLOR): Dane and Lowndes at Bathurst in 2006, celebrating the second victory at the Mountain for "The Kid" PHOTO (COLOR): Whincup and co celebrating Triple Eight's first championship in 2008. Dane becomes a force in the strongest 2.0-litre touring series in the world, with Triple Eight taking over as the Vauxhall (GM) factory team in '97. Dane is confident SVG will keep Triple Eight at the front in the beginning of the next phase of team's journey. [Extracted from the article]

Racing saloon cars is becoming popular in Great Britain. During 1992 the British Touring Car Championship became a popular sport for spectators and the media. The saloons must look like standard four door saloons, but apart from the suspension can be altered mechanically underneath. The idea was first started by the Royal Automobile Club, but the sport is now run by the Touring Car Association Ltd.

He is Michael Masi, the Sydney-born F1 race director. F1 has embraced Masi's Aussie attitude, accepting him as the race weekend arbiter "That was my first paid professional role in the sport", Masi recalls. Masi's official title is FIA F1 race director and safety delegate. [Extracted from the article]

Byline: Mark Fogarty Mortgages for Gulf War veterans have more than tripled since 2008, which along with a spirited outreach program and the post-crisis credit squeeze, has helped fuel a [...]

Byline: Mark Fogarty The perceived wisdom that the pre-2008 mortgage market was an era of automatic 'pulse' loans made to anyone with a heartbeat and 'fog-a-mirror finance' may need some [...]

Byline: Mark Fogarty In the ongoing debate over whether it's prudent to make 3% down payment mortgages, Curt Culver takes a long view. The outgoing chief executive at Mortgage Guaranty [...]

Byline: Mark Fogarty A sea change is starting to emerge in industry attitudes toward mortgage regulations that might best be expressed in a line from the sci-fi movie 'Armageddon' - [...]

Byline: Mark Fogarty Too-tight credit has caused lenders to forego millions of mortgages and helped drive homeownership rates for minorities and millennials to record lows, Housing and Urban Development Secretary [...]

Byline: Mark Fogarty Seems like old times for the nation's housing finance agencies. A few years ago, these agencies avoided tax-exempt bond issuance in favor of secondary market sales to [...]

Byline: Mark Fogarty Executives at the recent Mortgage Bankers Association secondary market conference pondered the same question they pondered at each of these shows since 2008: When will a vibrant [...]

Byline: Mark Fogarty In some respects right now is as bad a time for the mortgage business as the aftermath of the disaster of 2008. Of course, the crash was [...]

Byline: Mark Fogarty New homes took it on the chin during the mortgage bust, with starts sliding from more than a million in 2007 to as low as 435,000 in [...]

Byline: Mark Fogarty Among Home Mortgage Disclosure Act wonks (there are more of us than you think), all eyes were on a recent kerfuffle between Fannie Mae and the Mortgage [...]

Byline: Mark Fogarty There are a lot of bubbles bruited about these days. At a recent forum on housing price inflation, experts spoke of a Chinese credit bubble, an agricultural [...]

Byline: Mark Fogarty It's not just originators that are feeling the yolk of heavy regulations. Servicers, too, face many new regulations from the Consumer Financial Protection Bureau. Nine, in fact. [...]

Commercial banks, including large institutions such as Norwest Corp and BankAmerica Corp, are participating in efforts to improve living conditions in the rural slums that dot the US-Mexico border. The slums contain some of the US' most wretched housing conditions, and their Hispanic-American residents have had little access to loans and other banking services., Norwest Corp., BankAmerica Corp. and a number of smaller banks have begun channeling mortgage money toward the colonias along the Mexican border. But any real improvement will take time. Norwest [...]

Credit unions' share of the mortgage market is small but growing. In 1997, credit unions garnered about 2% of the originations market, which was valued at $800 billion, overall. Credit unions' outstandings, combining first and second mortgages, total $78 billion, up almost 28% from 1996. According to National Credit Union Administration figures, credit unions' first-mortgage assets total over $51 billion., While still a small factor in the mortgage market, credit unions have been growing that area rapidly. Their homey, close-to-the-customer approach seems to be working. The recent Supreme Court decision [...]

Seamer maintained that, while V8s were the core of Supercars, the Gen3 rules would have to consider allowing other engines. Wheels gathered Supercars supremo Seamer and WAU team boss Ryan Walkinshaw in the wake of the Holden announcement at the Adelaide 500. SUPERCARS IS CAUGHT in a perfect storm of events that is likely to wreak unprecedented change, if not havoc, at a time when the future has never been more uncertain. [Extracted from the article]

When you think about secondary mortgage agencies, you think first about Freddie Mac and Fannie Mae. These government-sponsored enterprises are multi-billion-dollar operations generating billions in profits a year, the 800-pound [...]

Real estate investment trusts (REITs) have drawn increasing interest from investors since the 1980s eliminated many other tax-exempt investments. The market capital in the REITs sector has increased to more than ten times what it was in 1985. About 85% of all REITs are equity REITs, but they have weathered recent interest rate increases better than much of the stock market., Al Franken knows REITs. At least, the best-selling author of Rush Limbaugh Is a Big, Fat Idiot and former Saturday Night Live star knows enough about real estate investment trusts [...]

The US Government National Mortgage Assn saw $100 billion in new mortgage-backed securities issued in FY 1996. A total of almost $1.2 trillion mortgage-backed securities have been issued since the agency began operating in 1968. The agency was not expected to issue more than $100 million in mortgage-backed securities annually when the agency was formed., Ginnie Mae has more than $500 billion in outstanding mortgage-backed securities. That's not bad for an organization critics once said would be lucky to exceed $100 million in volume. It's [...]

Revisions to the Community Reinvestment Act of 1977 (CRA) are prompting uncertainty over how government regulators will examine banks for compliance and whether Congress eventually will make further changes. The revisions, which began taking effect in January 1996, leave denials of bank mergers and expansions as the only tool for enforcing the law. The Federal Reserve Board issued three such denials in 208 cases between 1989 and 1994. Banks may meet CRA requirements through mortgage, small business and farm lending., ###Mark Fogarty The new system of Community Reinvestment Act examinations is still too new to comfort lenders, and a government agency suggests that Congress consider revisiting the law to better [...]

Banks are beginning to develop their mortgage lending operations to enable American Indians to obtain mortgages. Legal problems still remain, however. For example, banks cannot receive reservation trust land as collateral. Additionally, because tribes are sovereign nations, banks must depend on tribal courts rather than local courts to ensure problematic loans can be foreclosed. Work continues to ensure Native Americans have improved access., This country's residential lenders just now are beginning to inch toward--and even cross over--the line that marks the last disenfranchised area in America. It's the one-million-population-territory lenders never before felt [...]

Byline: Mark Fogarty The Mortgage Bankers Association's annual convention was set for Orlando in 2005. So far, so good. I'd been to a million meetings in Orlando, and here was [...]

Byline: Mark Fogarty Congratulations to the winners of our 12th annual Mortgage Technology Awards, which we were set to give out at the Hyatt Regency in Chicago on Oct. 9. [...]

Byline: Mark Fogarty It's hard to tell where you're going to find a good loss mitigation idea. At the SourceMedia Loss Mitigation Conference held in Dallas recently, a participant said [...]

Byline: Mark Fogarty The agenda is starting to firm Up for our Mortgage Technology Conference Nov. 14-16 at the Doral Resort in Miami and it promises to be a really [...]

Byline: Mark Fogarty In next month's issue, Mortgage Technology will announce our annual list of Top Tech-Savvy Lenders. Unlike our Top Service Providers list, which goes to those on the [...]

Byline: Editorial Staff Before considering the question of when a secondary market for nonconforming loans might return, one should ask whether it should be revived in the first place. That's [...]

Byline: Mark Fogarty After a short, recession-caused hiatus, I'm happy to say that Mortgage Technology is sponsoring and I am set to chair a new Mortgage Technology Conference, to be [...]

Byline: Mark Fogarty, Austin Kilgore and Scott Kersnar a la mode alamode.com Oklahoma City-based a la mode provides technology and services to the mortgage, appraisal and real estate industries. The [...]