Service helps investors, lenders and real estate brokers evaluate distressed properties SAN DIEGO – One of the keys to the housing market’s recovery is managing and ultimately clearing out the inventory of distressed properties. DataQuick®, a provider of advanced real estate information solutions powered by data, analytics and decisioning, released RiskFinder Distress at the [...]
Washington, DC – January 18, 2011 – Data released today by the National Reverse Mortgage Lenders Association (NRMLA) shows senior home equity increased $46 billion in the third quarter of 2011. Seniors have $3.19 trillion in home equity available according to the most recent NRMLA/Risk Span Reverse Mortgage Market Index (RMMI) report. “This data [...]
A few years ago I had a chance conversation with Don Frommeyer; he’s a mortgage guy from the state of Indiana. In spite of the fact that he’s an ardent Colt’s fan, he’s a pretty good guy. During that conversation we spoke about the long and short term viability of NAMB (The National Association of [...]
La Jolla, CA—Southern California home sales surged last month from November – as they normally do – amid relatively strong activity under $300,000 and a record share of sales to “absentee” buyers, mainly investors. But with the purchase plans of many ordinary buyers and sellers still on hold, the year-end rush couldn’t lift sales above [...]
What every Loan Officer needs to know about The Killer Instinct In my experience of working with sales professionals, loan officers and real estate agents are a dime a dozen. There are always excuses as to why deals don’t get done – the market, the borrower, the banks, underwriting conditions, state laws, technology, bad [...]
Know the Rules or Suffer the Consequences There are more than 560 federally recognized Native American tribes in the United States. They are located on what is collectively called “Indian country” – a legal term referring to tribal reservations and federal trust lands which are situated within the territorial boundaries of one or more [...]
So this issue’s theme is creative financing. Since I’m writing this before the issue comes out, and I am not Stewart Mednick, I don’t know how long the issue’s going to be, but if it really were just about creative financing, it would be a pamphlet. I’ve been around long enough to remember real creative [...]
CLEVELAND, OH: Mortgage Information Services, Inc. (MIS) is proud to announce that it is integrated with the Uniform Collateral Data Portal (UCDP) and is compliant with the Uniform Appraisal Dataset (UAD). MIS tested the process in advance of the December 1 deadline set by the FHFA for appraisal data delivery to Fannie Mae and Freddie [...]
Today, NAMB President Donald J. Frommeyer, sent a letter to President Obama on behalf of the National Association of Mortgage Brokers, asking him to clarify his statement(s) recently made regarding financial reform and singling out Mortgage Brokers. The Niche Report has received this letter first and presents it below in full. December 12, [...]
Where did we come from? Why are we here? And where are we going? These questions have haunted mankind from our earliest days. And since this isn’t an article for Christian Business Daily, I’m afraid we’re going to have to remain haunted about the first two questions for a bit longer, because we’re not answering [...]
