Home » May 19th, 2008
Entries posted on “May, 2008”
HOUSTON, May 19, 2008 ? First Houston Mortgage, a mortgage-banking firm licensed in 18 states that offers expertise in every aspect of the residential mortgage lending process, announced Global Financial Services, a Bethesda Md.-based mortgage lending and financial services firm, joined First Houston?s extensive network of branches.
As a result of its affiliation with First Houston, this division strengthens its own operations and efficiencies by integrating First Houston?s breadth of products and services, including a unified, proprietary paperless lending platform; in-house underwriting system; electronic signature capability and paperless file management system. Global Financial Services also receives full access to First Houston?s offshore operations facility in India for loan processing support.
May 19th, 2008 | Posted in Uncategorized | Read More »
Home to be Retrofitted with Universal Design, Green Features
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WHEN: Sunday, May 18, 2008, 3:00-4:00 p.m.
WHERE: 1825-27 St. Roch St., New Orleans
*Directions available upon request.
WHO: Robert Wagner, legendary actor and Senior Lending Network spokesperson, Joanne (Jo) Theunissen, Chair, NAHB 50+ Housing Council, Kristen Gisleson Palmer, Director, Rebuilding Together New Orleans
May 18th, 2008 | Posted in Uncategorized | Read More »
–Interface update expands connections to mortgage service providers –
SAN JOSE, Calif., May 13, 2008 ? Calyx Software
May 13th, 2008 | Posted in Uncategorized | Read More »
- Speeds up loan origination process and expands ability to grab market share -
PORT WASHINGTON, N.Y., May 12, 2008 ? SearchMyLoan.com (SML), a provider of loan search and pricing services for the mortgage industry, announced that Claremont, Calif.-based Hollander Financial, one of the largest financial institutions in Southern California, selected SearchMyLoan.com to provide loan search and pricing services to its loan officers.
As a result of signing on with SearchMyLoan.com, Hollander Financial?s loan originators have access to the SML search engine platform that provides a comprehensive search and pricing capability of virtually every loan type available. Hollander Financial loan products are included on the SML platform, giving loan originators access to its prime, FHA and ALT-A products.
May 12th, 2008 | Posted in Uncategorized | Read More »
–Reverse mortgage lender partners with national group to lobby for seniors–
MELVILLE, N.Y., May 9, 2008 ?Senior Lending Network, the educational program provided by World Alliance Financial Corp., an industry leader in reverse mortgages, announced the sponsorship of the National Committee of Grandparents for Children?s Rights (NCGCR) transportation from New York to the Washington D.C. GrandRally on May 7, 2008. The event, which occurs every two years, is the largest national effort to advocate and lobby for substantial legislative change that protects grandparents and their grandchildren.
May 9th, 2008 | Posted in Uncategorized | Read More »
I have received many emails and phone calls from across the country in response to this column over the last several months. The general complexion of these communiqu
May 1st, 2008 | Posted in Articles | Read More »
Homeowner Assistance:
A Mortgage Insurer?s Efforts to Keep Families in their Homes
By: Alan Goldberg, Genworth Financial
Adjustable rate mortgages resetting to higher interest rates are a major cause of the rising delinquencies and foreclosures in today?s housing market. Foreclosure filings were up 78 percent nationwide last year, and RealtyTrac.com reported over 2.2 million foreclosure filings and default notices. More than one percent of all U.S. households were in some stage of foreclosure, almost double the 2006 rate.
With no relief expected in 2008, the fear of foreclosure now looms for many. It?s a costly process that benefits no one, but help is available. At Genworth we?re doing everything we can to keep homeowners in their homes.
May 1st, 2008 | Posted in Archive,Articles,Center Stage | Read More »
The Marketing Power of Product and Pricing Engines:
Does Yours Deliver?
By Bruce Backer, President
LoanSifter
Today?s next generation product and pricing engines (PPE) come with impressive new features and functionality that are proving to be indispensable in helping brokers differentiate themselves to clients and partners.
PPEs offer advanced tools automating the most time-consuming and cumbersome aspects of the lending process: simple yet elegant solutions that help brokers and other professionals each step along the relationship continuum with clients.
Darren Snow, president of K2Lending.com in Greenwood Village, Colorado, recently commented on the PPE he acquired for his company, saying, ?What sets this system apart is the degree of automation it offers. It automatically updates everything and the best part is that all I have to do is push a button.?
May 1st, 2008 | Posted in Archive,Articles,Featured,Technology | Read More »
Improving the Quality of Life for Many Senior Homeowners
Say the words ?reverse mortgage? a few years ago, and you got a look that said, ?Oh, I?m sorry you had to take one of those.? It was the product of last resort, the product of the destitute. Today, however, when you say those same words, you will often find yourself drawn into a conversation where those around you are anxious to hear about your experience.
Yes, indeed, reverse mortgages have arrived. They are enjoying unprecedented popularity, and not only among those who ?need? the money. More and more, seniors are using reverse mortgages to finance the ?wants? in their retirement years. In fiscal year 2007, there were over 100,000 reverse mortgages originated in our country. That figure represents an astounding 77% increase in volume over the previous year. Indeed, as education about the real benefits of the reverse mortgage has spread, the informed senior as well as their advisors has embraced this innovative product.
May 1st, 2008 | Posted in Articles | Read More »
We were having a company meeting, and the volume was turned down on all the flat screens broadcasting financial data when CNBC announced that New Century had filed for bankruptcy. We immediately turned up the volume. Like a war veteran with post traumatic stress syndrome, I flashed back to my days in the dot com industry. I had seen what kind of devastation could happen to an industry and fast. Something told me this was going to hurt.
Over the next few weeks and months, I would turn on the TV only to see cable news minimizing the scope of the problem ? no one was predicting a housing bubble and recession to follow. It seemed as if New Century might be a simple case of incompetence or corruption, isolated from the rest of the real estate industry, a one-time anomaly. That wishful-thinking-scenario didn?t last long.
May 1st, 2008 | Posted in Articles | Read More »
A lot of people don’t...
