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a { font-size: 10pt ; font-family: tahoma, verdana, arial, sans-serif; text-decoration: none; } a.ul1:link { font-size: 10pt ; color: darkblue ; } a.ul1:visited { font-size: 10pt ; color: darkblue ; } a.ul1:active { font-size: 10pt ; color: darkblue ; }a.ul1:hover { font-size: 10pt ; color: red } h3.uh1 { font-size: 12pt ; font-family: tahoma, verdana, arial, sans-serif; color: black ; border-bottom: 2px solid black ; margin-bottom: 3px ; } td.ul1 { padding-left: 5pt ; font-family: tahoma, verdana, arial, Helvetica, sans-serif; font-size:10pt; font-weight:bold ; color:black; } td.ul2 { padding-left: 13pt ; font-family: tahoma, verdana, arial, Helvetica, sans-serif; font-size:8pt; color:black; } Industry News - Lending - 3rd Quarter 2008 → Mortgage Rates → Reverse Mortgage News → The Mortgage Meltdown - 2008 Anyone remember 1987 ??? YUCK..... → Companies - Coming, Going, Combining, In Trouble Bad news always travels faster than good news. → FNMA/FHLMC Failure Stuff happens .... → Foreclosure News It's time for the foreclosure vendors to get some business... td.k0 { padding: 3pt ; padding-left: 4pt; font-family: tahoma, verdana, arial, Helvetica, sans-serif; font-size:10pt; font-weight:bold ; color : black ; background-color: white; border: 1px solid darkblue ; } td.k1 { padding: 0pt ; padding-left: 4pt; font-family: tahoma, verdana, arial, Helvetica, sans-serif; font-size:10pt; font-weight:bold ; color : white ; background-color: darkblue ; border: 1px solid #a8a8a8; }td.k2 { padding: 2pt ; font-family: tahoma, verdana, arial, Helvetica, sans-serif; font-size:8pt; font-weight:bold ; color : black ; background-color: #eaf4ff ; border: 1px solid #a8a8a8; }p.p1 { padding-left: 2pt ; margin-bottom: 0pt; margin-top: 0pt; font-family: tahoma, verdana, arial, Helvetica, sans-serif; font-size:10pt; font-weight:bold ; color : darkblue ; background-color: white ; background-color: #eaf4ff ; }a.k1:link { text-decoration: none; font-weight:bold; font-size:8pt ; color: black; }a.k1:visited { text-decoration: none; font-weight:bold; font-size:8pt ; color: black; }a.k1:active { text-decoration: none; font-weight:bold; font-size:8pt ; color: black; }a.k1:hover { text-decoration: none; font-weight:bold; font-size:8pt ; color: red } Mortgage Lending Focus TopicsLoans· Residential· Commercial Lenders· Bankers· Lenders· Wholesale· Secondary Support· Software· Leads· TrainingEmployment· Branching· LOX Exchange· Recruiter· Jobs· Resumes table.ltab1 { }
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a.ln2:hover { font-size: 10pt ;color: #red } Site Reference  0. Your New Account! Welcome to the New MortgageMag look! All the old favoirites are still here. The big change is you can add and edit your own information. Any questions you can call 210-698-3316 for live help. Click the [Account] button to locate your user name and passwords.
 1. Mortgage Branching We have completely revised the LOX and job posting process. Job Postings are still free! You can control them on a daily basis.  2. LOX Loan Officer Exchange We have completely revised the LOX and job posting process. Job Postings are still free! You can control them on a daily basis.  3. Job Listings & Postings FREE Job Postings and Access - Resume Postings and Services
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 5. Complete Keyword Index This is the new index of all our links. We also have a new search feature that is available after you register (FREE).  6. Industry News Press Releases, Events. Submit your releases to Bill@Draving.com.  7. Industry Events Industry Related Events.  8. State Information Loans, Lenders, Jobs, Associations 9. Administration Advertise, FREE LINK!, Search, Help p.n8 { font-family : tahoma, verdana, arial; font-size : 8pt } a.n1:link { color: #09147A ; text-decoration : underline; font-size : 10pt } a.n1:visited { color: #09147A ; text-decoration : underline; font-size : 10pt} a.n1:active { color: #09147A ; text-decoration : underline; font-size : 10pt} a.n1:hover { color: red ; text-decoration : underline; font-size : 10pt } Interest Rate Markets News Click to continue . . . • Mba Reports Multifamily Lending Hit $147.7 Billion In 2007; Leading Lenders Part Of Industry ConsolidationIn 2007, 2,739 different multifamily lenders provided a total of more than $147.7 billion in financing for apartment buildings with five or more units, according to a report from the Mortgage Bankers Association (MBA). Lenders closed 48,577 individual loans, with an average loan size of $3 million. The average lender made 18 multifamily loans over the course of the year.Mortgage Bankers Association of America,Sarah Tinsley,Washington District of Columbia 10/14/2008 • Mba Comments On Fdic's Simplification Of The Coverage Rules For Mortgage Servicing AccountsJohn A. Courson, Chief Operating Officer of the Mortgage Bankers Association (MBA) issued the following statement after the Federal Deposit Insurance Corporation (FDIC) announced an interim final rule clarifying that deposit accounts maintained by mortgage servicers in escrow for a borrower's principal and interest payments will be based on the borrower as the owner of the escrow account and not the investor. Mortgage Bankers Association of America,John Mechem,Washington District of Columbia 10/13/2008 • Mba Supports Fasb Decision To Adopt Recent Guidance On Fas 157 Into General Accepted Accounting PrinciplesJohn A. Courson, Chief Operating Officer of the Mortgage Bankers Association (MBA) issued the following statement regarding today's decision by the Financial Accounting Standards Board (FASB) to adopt their recent clarification of FAS 157 as part of the body of Generally Accepted Accounting Principles (GAAP), which will allow firms to adjust affected assets to reflect intrinsic values when no active market for a security exists.Mortgage Bankers Association of America,Jason Vasquez,Washington District of Columbia 10/10/2008 • National City Corporation Lowers Prime Rate To 4.50 PercentNational City Corporation (NYSE:NCC) today announced on behalf of its subsidiary banks that it has lowered its prime rate to 4.50 percent from 5.00 percent, effective immediately. The rate was last changed on April 30, 2008, when National City lowered its prime rate to 5.00 percent from 5.25 percent.National City Corporation ,Kristen Baird Adams,Cleveland Oh 10/09/2008 • Webster Lowers Prime Lending Rate to 4.50 PercentWebster Bank, National Association, a subsidiary of Webster Financial Corporation (NYSE:WBS) , announced today that it has lowered its prime lending rate to 4.50 percent from 5.00 percent effective today. Webster last changed its prime rate on April 30, 2008.Webster Financial Corporation ,,Waterbury Ct 10/08/2008 • MBA Study Shows Mortgage Industry Production Profits Fell Again in 2007Mortgage companies lost an average of $560 on every loan they originated last year, a drop from the $50 per loan they lost in 2006, according to the Mortgage Bankers Association's (MBA) annual cost study. While loan origination and ancillary fees grew on a per-loan basis, they did not keep pace with increases in production operating expenses, which grew seven percent to $3,663 per loan.Mortgage Bankers Association of America,Sarah Tinsley,Washington District of Columbia 10/08/2008Click to continue . . . p.n8 { font-family : tahoma, verdana, arial; font-size : 8pt } a.n1:link { color: #09147A ; text-decoration : underline; font-size : 10pt } a.n1:visited { color: #09147A ; text-decoration : underline; font-size : 10pt} a.n1:active { color: #09147A ; text-decoration : underline; font-size : 10pt} a.n1:hover { color: red ; text-decoration : underline; font-size : 10pt } Mortgage Lending News Click to continue . . . • 1st Reverse Financial Services Continues Retail Expansion - Hires New Eastern Regional Retail Director1st Reverse Financial Services, LLC (1st Reverse), a subsidiary of Wilmington Savings Fund Society, FSB (WSFS Bank), continues it`s successful reverse mortgage retail expansion with the appointment of Robert Wallace as the Eastern Region Director of Retail Reverse Mortgage Lending.1st Reverse Financial Services, LLC,David Cesario,WESTMONT IL 10/15/2008 • Rapid Reporting Announces Employmentchek, The Industry`s First Third-party Employment Verification Using Verbal Verification Of Employment (vvoe) Vvoe Boosts Reliability Of Employment Verifications, Traditionally One Of The Most Difficult And ChallengingRapid Reporting, an award-winning innovator of income and identity verification products to the mortgage industry, has announced the upcoming release of EmploymentChek, the mortgage industry’s first third-party employment verification service offering verbal verification of employment (VVOE). VVOE picks up where automated employment verification services leave off by providing confirmations that come from live, person-to-person contact with the employer. With EmploymentChek, lenders and brokers can get definitive answers on a borrower’s employment in 24 hours or less, thereby protecting themselves in one of the most challenging aspects of fraud detection. Rapid Reporting Verification Company,Ray Pella,Fort Worth Texas 10/14/2008 • Falling House Prices In August Add Pressure To An Already Volatile Economy Ias360 House Price Index Reports A National Decline Of 0.2% For AugustIntegrated Asset Services, LLC (IAS, www.iasreo.com), a leader in default management and residential collateral valuation, today released its IAS360 House Price Index for August 2008. The monthly report, which includes the most current and granular data available in the industry, showed a 0.2 % decline in house prices on a national level in August, and an 11.6% decline from August 2007 to August 2008. Integrated Asset Services,Inc.,Broker Support,Denver Colorado 10/14/2008 • Mortgage Builder Sets 10-year Sales Record In August Despite Industry DownturnLoan Origination Software leader sees lenders increasingly committed to efficiently replacing old, expensive processesMortgage Builder Software Inc,Keven Smith,Southfield Michigan 10/14/2008 • Mba Reports Multifamily Lending Hit $147.7 Billion In 2007; Leading Lenders Part Of Industry ConsolidationIn 2007, 2,739 different multifamily lenders provided a total of more than $147.7 billion in financing for apartment buildings with five or more units, according to a report from the Mortgage Bankers Association (MBA). Lenders closed 48,577 individual loans, with an average loan size of $3 million. The average lender made 18 multifamily loans over the course of the year.Mortgage Bankers Association of America,Sarah Tinsley,Washington District of Columbia 10/14/2008 • ,Matthew Raymond, 10/14/2008Click to continue . . . if(document.body.scrollHeight > 700) document.getElementById('mr').height= document.body.scrollHeight; if(document.body.scrollHeight > 700) document.getElementById('ml').height= document.body.scrollHeight; |
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