Daily News and Information for the Mortgage Loan Originator
NC Says "No" to Yield Spread Premiums
North Carolina Governor Mike Easley signed House Bill 2188 - which eliminates rate or yield spread premiums - into law. North Carolina is the first state to ban yield spread premiums.
Full Story

The Mortgage Market This Week
Monday, August 18, 2008
Mortgage Market Live
Last week, rates continued to move higher early in the week, until rates managed to rally and end up close to where they began. The week ahead might appear to be light on economic news, however there are several economic reports scheduled for this week that can have an impact on rates. So where are rates headed? - Read on to find out.
Full Story

U.S. Home Values Drop Nearly 10% in Q2 Leaving Almost One-Third of Homeowners Who Bought in the Past Five Years Underwater on Their Mortgages
The median U.S. home value has not been this low since the fourth quarter of 2004, leaving nearly one-third or 29 percent of homeowners who purchased since 2003 with negative equity.
Full Story

CMBS Originations Hit Record Low, While GSEs Hit Record High
Commercial and multifamily mortgage loan originations continued to fall on a year-over-year basis in the second quarter while Fannie Mae and Freddie Mac set a new record high.
Full Story
FDIC Implements Loan Modification Program for Distressed IndyMac Mortgage Loans
Under the IndyMac Federal program, eligible mortgages would be modified into sustainable mortgages permanently capped at the current Freddie Mac survey rate for conforming mortgages.
Full Story
Builders Continue To Rein-In New Housing Production In July
Single-family home builders continued to practice aggressive inventory management in July by slowing the pace of new production. Regionally, starts activity was somewhat mixed.
Full Story
LendingTree Patent Litigation Settled
LendingTree and IMX have settled their outstanding patent litigation. The settlement agreement satisfies the judgment entered against LendingTree in favor of IMX.
Full Story
First-Time Home Buyer Tax Credit Web Site Draws More Than 100,000 Visitors
A newly launched Web site has attracted more than 100,000 visitors, indicating that there is a strong interest among consumers to take advantage of a temporary $7,500 tax credit for the purchase of a first home.
Full Story

This Week's Economic Indicators
Monday, August 18, 2008
This week's complete Economic Indicators Calendar and Forecast furnished by Mortgage Market Live.
Full Story

Long-Term Mortgage Rates Relatively Unchanged Amid Mixed Economic and Housing News
Monday, August 18, 2008
Freddie Mac released the results of its Primary Mortgage Market Survey in which the 30-year fixed-rate mortgage averaged 6.52 percent with an average 0.7 point for the week ending August 14, 2008, unchanged from last week when it averaged 6.52 percent.
Full Story

Applications Decrease Slightly In Latest MBA Weekly Survey
Wednesday, August 20, 2008
The Mortgage Bankers Association released its Weekly Mortgage Applications Survey for the week ending August 15, 2008. The Market Composite Index was 419.3, a decrease of 1.5 percent on a seasonally adjusted basis from 425.9 one week earlier.
Full Story

NAMB/SOUTHEAST Begins in New Orleans
Wednesday, August 20, 2008
National Association of Mortgage Brokers
The National Association of Mortgage Brokers begins its second regional conference, NAMB/SOUTHEAST, on Friday, August 22, at the Hilton Riverside Hotel in New Orleans.
Full Story
LandCap Partners Buys Multi-State Loan Portfolio
Wednesday, August 20, 2008
LandCap Partners
LandCap Partners announced the closing on a multi-state loan portfolio with Wachovia Bank secured by a total of 2900 finished and paper lots.
Full Story
Entry-Level Housing Affordability Increases 50 Percent in Second Quarter 2008 Compared with a Year Ago
Wednesday, August 20, 2008
California Association of Realtors
The percentage of households that could afford to buy an entry-level home in California stood at 48 percent in the second quarter of 2008, compared with 24 percent for the same period a year ago.
Full Story
Secretary Preston and Governor Schwarzenegger Announce $105 Million for Affordable Housing and Community Development in California
Monday, August 18, 2008
HUD
The California State Program will receive more than $105 million to support community development and produce more affordable housing in the Golden State.
Full Story
FICS’ Servicer Solutions Provide Users a Direct Method for Reporting to Ginnie Mae’s Reporting and Feedback System
Monday, August 18, 2008
Financial Industry Computer Systems, Inc.
Mortgage Servicer and Commercial Servicer now have the ability to report directly to Ginnie Mae via Ginnie Mae's new Reporting and Feedback System.
Full Story

Contents

Industry Directory

 
 
 
 

 

Originator Times is published by Fiscape Publications LLC.

 
To submit news or comments on the publication, please contact the Editor at Editor@originatortimes.com.