Best Rate Mortgage Loans » mortgage interest http://entence.com Low Down Payment, 0 Down Payment Mortgage, Jumbo Loans Fri, 08 Jul 2011 17:40:21 +0000 en hourly 1 http://wordpress.org/?v=3.0.3 Private Label MBS Revival Not Happening Soon http://entence.com/private-label-mbs-revival-not-happening-soon/ http://entence.com/private-label-mbs-revival-not-happening-soon/#comments Thu, 26 May 2011 08:27:42 +0000 admin http://entence.com/private-label-mbs-revival-not-happening-soon/ In a new report, Standard & Poor’s Ratings Services said that “U.S. private-label residential mortgage-backed securities have faded into the shadows.” The ratings agency noted that it was the housing market that was a primary contributor to the exit of investors in private-label RMBS. The report indicated that it will be several years before any recovery arrives.

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]]> http://entence.com/private-label-mbs-revival-not-happening-soon/feed/ 0 Foreclosure Litigation Battles Rage On http://entence.com/foreclosure-litigation-battles-rage-on/ http://entence.com/foreclosure-litigation-battles-rage-on/#comments Wed, 25 May 2011 02:29:10 +0000 admin http://entence.com/foreclosure-litigation-battles-rage-on/ A foreclosure judgment on behalf of HSBC Mortgage Services Inc. was reversed by the District Court of Appeal of Florida, Second District. In California, GMAC Mortgage Corp. was denied its application for service upon a borrower by publication in the Santa Clara weekly. A foreclosure filed by Bank of America was dismissed by a judge in the Superior Court of New Jersey Chancery Division.

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]]> http://entence.com/foreclosure-litigation-battles-rage-on/feed/ 0 New CA Unit to Tackle Lending Crimes http://entence.com/new-ca-unit-to-tackle-lending-crimes/ http://entence.com/new-ca-unit-to-tackle-lending-crimes/#comments Mon, 23 May 2011 20:28:12 +0000 admin http://entence.com/new-ca-unit-to-tackle-lending-crimes/ California Attorney General Kamala Harris announced the creation of the Mortgage Fraud Strike Force. The 25-person unit includes a team of 17 lawyers and eight special agents from the state Department of Justice. The strike force will target fraud by issuers of mortgage-backed securities, mortgage advertisers and foreclosure consultants.

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]]> http://entence.com/new-ca-unit-to-tackle-lending-crimes/feed/ 0 U.S. Bank Settles on FHA Loans http://entence.com/u-s-bank-settles-on-fha-loans/ http://entence.com/u-s-bank-settles-on-fha-loans/#comments Sat, 21 May 2011 08:26:46 +0000 admin http://entence.com/u-s-bank-settles-on-fha-loans/ A settlement with U.S. Bank was announced by the Department of Housing and Urban Development. The bank allegedly did not meet underwriting standards on more than two dozen Federal Housing Administration mortgages. The agreement calls for a payment of more than $1 million.

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]]> http://entence.com/u-s-bank-settles-on-fha-loans/feed/ 0 Fixed Rates Hit 2011 Low, ARMs Up http://entence.com/fixed-rates-hit-2011-low-arms-up/ http://entence.com/fixed-rates-hit-2011-low-arms-up/#comments Fri, 20 May 2011 02:28:58 +0000 admin http://entence.com/fixed-rates-hit-2011-low-arms-up/ The average 30-year fixed-rate mortgage was down for the fifth straight week, according to Freddie Mac’s latest Primary Mortgage Market Survey . It was the lowest level of the entire year for the 30-year. But Freddie said that the one-year Treasury-indexed adjustable-rate mortgage averaged 4 basis points more this week than in the previous survey.

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]]> http://entence.com/fixed-rates-hit-2011-low-arms-up/feed/ 0 Lender Feedback Sought for Disclosures http://entence.com/lender-feedback-sought-for-disclosures/ http://entence.com/lender-feedback-sought-for-disclosures/#comments Wed, 18 May 2011 20:26:37 +0000 admin http://entence.com/lender-feedback-sought-for-disclosures/ Two proposed disclosure forms have been released by the Consumer Financial Protection Agency. The regulator is asking lender to identify which of the two forms would better inform a prospective borrower about loan terms. The two forms include identical information for a 30-year adjustable-rate mortgage to be used for a home purchase.

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]]> http://entence.com/lender-feedback-sought-for-disclosures/feed/ 0 Appraisers Can’t Ignore REO Sales http://entence.com/appraisers-cant-ignore-reo-sales/ http://entence.com/appraisers-cant-ignore-reo-sales/#comments Mon, 16 May 2011 08:26:40 +0000 admin http://entence.com/appraisers-cant-ignore-reo-sales/ Nationally, distressed sales account for 39 percent of the housing market. Repossessed properties and those owned by borrowers in financial peril weigh heavily on the real estate market. Sales of those homes, commercial buildings and lots make up such a large percentage of the market today that the appraiser’s old axiom — that distressed sales not be factored into establishing valuation — no longer strictly applies.

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]]> http://entence.com/appraisers-cant-ignore-reo-sales/feed/ 0 SunTrust Recruiting Production Employees http://entence.com/suntrust-recruiting-production-employees/ http://entence.com/suntrust-recruiting-production-employees/#comments Fri, 13 May 2011 20:27:47 +0000 admin http://entence.com/suntrust-recruiting-production-employees/ SunTrust is bucking the layoff trend and adding production jobs. SunTrust Banks Inc. hopes to fill 76 production positions in the Southeast, a spokeswoman said in a statement. The job openings are immediate and expected to be filled within three months.

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]]> http://entence.com/suntrust-recruiting-production-employees/feed/ 0 FDIC Sues AMC http://entence.com/fdic-sues-amc/ http://entence.com/fdic-sues-amc/#comments Wed, 11 May 2011 08:28:02 +0000 admin http://entence.com/fdic-sues-amc/ The Federal Deposit Insurance Corp. has filed a lawsuit against LSI Appraisal LLC. The regulator hopes to recover losses on loans from the failed Washington Mutual Bank. But the mortgage service provider explained that it provided only appraisal reviews on three-quarters of the reports identified by the FDIC.

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]]> http://entence.com/fdic-sues-amc/feed/ 0 FDIC Chief Leaving in 2 Months http://entence.com/fdic-chief-leaving-in-2-months/ http://entence.com/fdic-chief-leaving-in-2-months/#comments Tue, 10 May 2011 02:26:45 +0000 admin http://entence.com/fdic-chief-leaving-in-2-months/ President George W. Bush appointed Sheila Bair as chairman of the Federal Deposit Insurance Corp. in 2006. More than 300 federally insured banks have failed during Blair’s tenure. The FDIC has announced that Bair will leave in July.

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