Archive for February, 2010

Study predicts long-term growth (The Post and Courier)

Sunday, February 28th, 2010

Moody’s Economy.com is bullish on the Charleston housing market.

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Mortgage lenders seek reassurance over TSA scrutiny of landlords (InsideHousing)

Saturday, February 27th, 2010

In its response to the TSA’s consultation on its regulatory framework, due to come into force on 1 April, the Council of Mortgage Lenders has asked for ‘reassurance’ that the timings for implementing cross-domain regulation of local authorities and housing associations will not damage scrutiny of social landlords’ governance and viability.

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Station Casinos Reaches Agreement With Lenders (FOX 5 Las Vegas)

Saturday, February 27th, 2010

Station Casinos says it has reached an agreement with some of its key mortgage lenders.

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Many borrowers in default stay put as lenders delay evictions (Los Angeles Times)

Saturday, February 27th, 2010

Despite being months behind, many strapped residents are hanging on to their homes, essentially living rent-free. Pressure on banks to modify loans and a glut of inventory are driving the trend. It’s been 16 months since Eugene and Patricia Harrison last paid the mortgage on their Perris home. Eleven months since the notice got slapped on their front door, warning that it would be sold at auction.

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Terrence and Diane Power: Big-box outsourcing not good for county (Summit Daily News)

Friday, February 26th, 2010

We would like to share our thoughts about the Home Depot/Lowe’s project in Silverthorne. Our financial background as CPAs and mortgage lenders tells us that significant unintended consequences will follow the two big boxes coming to Summit County. Summit County has two main industries: tourism and real estate. These industries are supported by the local electrical, plumbing and carpentry trades …

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Be aware of good-faith estimate’ rules, or it could cost you (Washington Post)

Friday, February 26th, 2010

If you are planning to take out a mortgage or refinance, you might want to hear this blunt message from federal officials: Don’t fly blind. When you’re shopping among competing lenders for the best terms and fees, make sure you know which quotes come with a guarantee and which do not.

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High-Scoring Borrowers Pay Cards Ahead of Mortgages (Correct) (BusinessWeek)

Thursday, February 25th, 2010

Consumers with high credit scores are more likely to default on mortgages than credit-card loans, said FICO, maker of the scoring formula most widely used by U.S. lenders.

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Leads360, Optimal Blue Enable Mortgage Lenders to Address Growing Demand for Online Loans (Marketwire via Yahoo! Finance)

Thursday, February 25th, 2010

LOS ANGELES, CA–(Marketwire - 02/24/10) - In an effort to streamline the sales process and make mortgage professionals more successful, Leads360 , the industry leader in sales lead management software , today announced a seamless integration with Optimal Blue . Optimal Blue is an award-winning developer of a comprehensive, Web-based platform that couples decisioning technology with content …

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Broken Arrow man admits committing wire fraud (Muskogee Phoenix)

Thursday, February 25th, 2010

A Broken Arrow man who conspired to bilking mortgage lenders pleaded guilty to conspiracy to commit wire fraud, five counts of wire fraud and will forfeit more than $4.8 million, said Sheldon J. Sperling, United States Attorney.

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Leads360 Links With Mortgage Software Firm (socalTech.com)

Wednesday, February 24th, 2010

Los Angeles-based Leads360 reported today that it has linked its sales lead management software with offerings from web-based mortgage software firm Optimal Blue. Leads360 said that its software–used to manage sales leads from online channels–will help mortgage lenders using Optimal Blue’s software to close the gap between leads and revenue. Business details of the integration were not …

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