LocalChoice AMC adopts Mercury Network to deliver cutting edge appraisal management
Company now offers more compliance solutions and superior client service
Home » March 31st, 2011
Entries posted on “March, 2011”
FinCEN Releases Commercial Real Estate Fraud Analysis
VIENNA, Va. ? The Financial Crimes Enforcement Network (FinCEN) today released its analysis of suspicious activity reports (SARs) that call attention to possible fraud in the commercial real estate financing arena. The analysis, Commercial Real Estate Financing Fraud Suspicious Activity Reports by Depository Institutions found that reported incidences of suspicious activity in commercial real estate [...]
Ellie Mae Announces IPO
 PLEASANTON, Calif., Apr 14, 2011 (BUSINESS WIRE) — Ellie Mae, Inc. announced today the pricing of its initial public offering of 7,500,000 shares of its common stock at a public offering price of $6.00 per share. The common stock will begin trading on April 15, 2011 on the NYSE Amex under the symbol ELLI. Ellie [...]
House votes to kill HAMP
WASHINGTON (CNNMoney) — The House passed a bill Tuesday to kill a signature Obama administration program that helps homeowners stay in their homes but has faced criticism as ineffective. The House voted 252 to 170 to stop any new funding for the Home Affordable Modification Program (HAMP). Eleven Democrats joined Republicans to defund the program. [...]
NAMB Makes Strides in Temporary Restraining Order Case Against Fed?s LO Compensation Rule
NAMB argues its case to delay April 1, 2011 enforcement date MARCH 29, 2011?The National Association of Mortgage Brokers (NAMB) took significant strides today in delaying the April 1, 2011 enforcement date set by the Federal Reserve Board?s (FRB) loan originator compensation rule, Regulation Z; Docket No. R-1366, Truth-in-Lending. The rule prohibits mortgage brokers from [...]
Law Expert Works to Limit Damaging Property Fees
COLUMBIA, Mo. ? With the U.S. housing market remaining stagnant, property owners are wary of anything that will make it difficult for them to sell their homes. A new legal device called a private transfer fee covenant, which requires property owners to pay a fee to the original developer when they sell their house, has [...]
Total Mortgage Services Receives District of Columbia Mortgage Lender License
Expands geographic footprint and now offers borrowers in DC access to some of the lowest mortgage rates
CORELOGIC ANNOUNCES BEST-IN-CLASS DATA ENHANCEMENTS TO ENCORE REPORT
?Increased Alerts and Optimized Predictive Scoring Delivers More Accurate Lending Risk Assessment?
LOS Brings Enterprise Power to All Lenders: Based on Mortgage Cadence?s Enterprise Lending Solution, Symphony? fills a technology gap in the industry.
DENVER, March 28, 2011 “All but the nation?s largest lenders have had to settle for substandard loan origination automation for far too long,” said Chuck Kimball, executive vice president of product experience for Mortgage Cadence. “Lenders of all sizes deserve an LOS that offers them all of the compliance support, time-saving features and reliability that [...]
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