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Starting this month, those ordering appraisals on loans sold to Fannie and Freddie have to comply with a whole new set of rules called the Home Valuation Code of Conduct. [...]

If not for a good catch by its chief lending officer, Acacia Federal Savings Bank in Falls Church, Va., might have been taken to the cleaners last year by a [...]

Belinda James, director of mortgage brokers Loan Site in Melbourne, Australia, describes the services she offers home buyers. The percentage of home loans handled by brokers has increased in the last six years.

A growing venture called IMX Exchange is setting up a new way for borrowers to find the loan of their choice with the help of their plugged-in broker. Wholesalers bid [...]

Real estate brokerages are adding such services as mortgage origination, title insurance and appraisal to improve service, lower costs to buyers and increase their competitiveness. It is essential to check state laws and follow Real Estate Settlement Procedures Act regulations when diversifying.

The splintering of the mortgage banking industry may have hit the point of no return. The profit margins, once large enough to support a thriving business, now are so squeezed [...]

Many real estate brokers are offering mortgage brokerage services in their businesses. Brokering mortgages is profitable and allows control over the financing of a sale. Some brokers are starting mortgage companies in cooperation with other real estate companies.

A Spartan Existence Lean survival methods have kept mortgage brokers going in a time of spiralling costs for most sectors of the business. Their ranks are growing, and there have [...]

THE FACTORS DRIVING WHOLESALE Wholesale purchasing has quadrupled since 1987, and many signs indicate that the wholesale business may be the best way to go. Wholesale mortgage banking's popularity has [...]

The Singer & Bassuk Organization LLC (SBO) -arranged $27.5 million in financing for affiliates of RBH Group LLC in Newark, New Jersey. The loans include a $25 million first mortgage [...]

Many accountants are opting to become mortgage brokers after the recent deregulation of the finance industry. The details about this new profession are discussed.

With the market for pensions and progress, it is unsurprising that a number of IFAs are turning to the booming mortgage market to find some relief. The UK public's appetite […]

Charcol, formerly John Charcol, was established nearly 30 years ago and has built a reputation as the UK's leading independent mortgage broker and provider of independent financial advice. Then in […]

Yen trades closed this week Moody's Issuer Issuer Currency Nominal $m Eqv rating Amt (m) (at issue) African Development Bank Aaa JPY 500.00 4.01 AIG-FP Matched Funding Corp Aaa JPY [...]

Many brokers I have spoken to over the course of this year, certainly in London, have said much the same thing - enquiry levels have held relatively stable, conver-ting them [...]

Analysts agree that mortgage servicing rights may become more valuable should bond yields continue to drop, leading eventually to increased mortgage applications. Brokers are expecting buyers of newly originated 'flow' servicing rights on home mortgages to pay more than at least 5.5 times the servicing fee. Thus, brokers are arguing that investors should start to take advantage of the low market rates since such a trend may not continue further in the long run., Mortgage servicing rights should take a big jump in value if the recent spike in rates proves to be a permanent phenomenon. But in an unstable interest rate environment, that's [...]

Mortgage brokers offer products from a variety of lenders and can help buyers to understand the loan process and to prequalify for a loan. Brokers can use information from the Better Business Bureau and recommendations from lenders and other real estate sales personnel to find a reputable mortgage broker.

Byline: Paul Muolo NexBank of Dallas has launched a mortgage warehouse lending division, offering lines of credit of up to $10 million to nondepositories. According to Jed Meaux, the vice [...]

Selecting a mortgage since deregulation of the lending industry is complicated. Many different types of loans exist. Mortgage brokers can select from among loans, assisting buyers in finding the best one. Rate reporting services and loan comparison products are also useful.

The online person-to-person lending company Prosper Marketplace Inc. is now an option for vehicle financing. Prosper, of San Francisco, said Thursday that its service is being offered through the online [...]

It's Thanksgiving month, so what does the industry have to be thankful for? That it's not January yet and Real Estate Settlement Procedures Act changes aren't going into effect quite [...]

As of press time last month the Federal Housing Administration, in one move, was planning to require more of its mortgage lenders and less of mortgage brokers. (See related story.) [...]

Mr. Cary, director of strategic consulting for Lender Processing Services' strategic consulting services practice, Jacksonville, Fla., has written an op-ed on how he believes existing origination technology can be used [...]

Depending on which side of the fence you are on, the educational requirements set up by the SAFE Act are either the best thing that has happened to ensure professionalism [...]

HUNT VALLEY, MD-In some states, the changes brought on by the SAFE Act are 'a complete fundamental change' for the mortgage originator community, the head of a mortgage education and [...]

EAGAN, MN-As new regulation continues, lenders need help. They are looking at how they can comply and also want best practices. A combination of technology, multimedia and a human touch [...]

WASHINGTON-Certain Federal Housing Administration loans could run afoul of a new HOEPA rule that prohibits prepayment penalties, and industry groups want the Federal Reserve Board to fix the problem. The [...]

WASHINGTON-The National Association of Mortgage Brokers said it has received thousands of complaints from its members as well as appraisers, Realtors, and consumers concerning Home Valuation Code of Conduct rules [...]

Mortgage brokers can learn from other industries how to improve their sales. I recently came across a press release from Advisors Trusted Advisor, a practice management resource for the financial [...]

Unrealistic goals lead to disappointment. What goals do you have that are unrealistic? Example: I live in an area that has 300 transactions per month. As an originator, I want [...]

ISELIN, NJ-Chase launched a program where customers paying their new Chase home loans regularly through Chase checking account debits can get 1% of their total scheduled monthly principal and interest [...]

John Greenwood says the media are the key to the success or failure of personal accounts Opinion p17 A month or so ago, like the mug that I am, I […]

JPMorgan Chase & Co., which in years past was one of the largest buyers of residential mortgage servicing rights, said this week that it will no longer buy 'bulk' servicing [...]

Did you know that a person spends two weeks of his/her life waiting at traffic lights, two years talking on the telephone and a year searching for misplaced objects? That […]

Four former Loanmakers directors have launched Fluent Money, a new internet-based secured loan broker that will act as an intermediary between introducers and lenders. The company has been founded by [...]

Study from the association also claims average income will fall by up to 40 per cent this year Mortgage woes triggered by the credit crunch are set to continue into [...]

Research shows majority of brokers have not been able to source a deal in last two months Some 68 per cent of mortgage brokers have been unable to source a [...]

Byline: Joel Pate This month's question: I've recently moved to a new city because of my husband's job. I've been in the mortgage business for a few years. What would [...]

It is no secret that the Federal Housing Administration loan program has enjoyed a rebirth since the start of the credit crisis. Yet experts are saying the FHA Secure program [...]

An open letter from the managing director of Premier Mortgage Service, calling on brokers to be more understanding of lenders has provoked hate mail. Leah Milner John Malone, managing director [...]

Mortgage brokers have warned that more lenders will follow HBOS's decision to penalise borrowers who have deposits of less than 25 per cent. Last week, the firm introduced three new […]

With the Christmas quiet period approaching fast, along with a general downturn in the mortgage market due to recent events such as the credit crunch, the last few weeks have [...]

The online lead aggregator Credit.com Inc. has begun filtering some of the leads it sends to card companies using a free 'credit report card' available to consumers on its Web [...]

Most mortgage brokers agree that referrals are a productive way to generate new business. In fact, many successful brokers attribute a significant portion of their application volume to the family, [...]