Mortgage Net Branch Opportunities and Mortgage News

Pending Home Sales Reach Highest Mark Since April 2010

NationalMortgageProfessional.com — Mon, 27 Feb 2012 09:06:42 PST

Pending home sales are on an upward trend, which has been uneven but meaningful since reaching a cyclical low last April, and are well above a year ago, according to the Pending Home Sales Index (PHSI) from the National Association of Realtors (NAR). The Index is a forward-looking indicator based on contract signings, rose two percent to 97.0 in...

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Pending-Home Sales Eclipse 2011 Figures by 8%: NAR

Mon, 27 Feb 2012 09:06:37 PST

Pending-home sales shot up by 8 percent year-over-year in January, according to the National Association of Realtors.

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LendingTree Launches New Predictable Volume Program

Mon, 27 Feb 2012 09:06:32 PST

Lenders participating in LendingTree's network have a new platform to help raise lead volume. The national online lending exchange recently launched the Predictable Volume Program for qualified network members.

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Wells Fargo Names New Non-Agency Home Loan Positions

Mon, 27 Feb 2012 09:06:22 PST

Wells Fargo recently announced that company veterans Brad Blackwell and Greg Gwizdz will take up new positions for the lending division responsible for non-agency mortgages.

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HUD Charges Bank of America With Discrimination Against Disabled Homebuyers

NationalMortgageProfessional.com — Mon, 27 Feb 2012 07:29:45 PST

The U.S. Department of Housing & Urban Development (HUD) is charging Bank of America with discriminating against homebuyers with disabilities. Click to continue

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Freddie Mac Monthly Volume Summary

Gary Lacey — Mon, 27 Feb 2012 01:45:07 PST

Freddie Mac (OTC: FMCC) today issued the company’s Monthly Volume Summary for January 2012. The summary, available on the company’s Web site at www.FreddieMac.com/investors/volsum , provides information on Freddie Mac’s mortgage-related portfolios, securities issuance, risk management and delinquencies. Freddie Mac was established by Congress in...

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What Is HAP?

Gary Lacey — Mon, 27 Feb 2012 01:33:33 PST

The National Association of Real Estate Brokers, Inc.

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Colorado Files Suit Against Modification Firm

Gary Lacey — Mon, 27 Feb 2012 00:46:13 PST

In Denver Colorado Attorney General John Suthers and U.S. Attorney John Walsh announced that they have filed a joint lawsuit against Georgia-based Bella Homes and its principals on suspicion that they ran a nationwide foreclosure-rescue scam between March 2010 and February 2012.

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New Home Sales Fell Slightly in January

Fri, 24 Feb 2012 16:28:41 PST

New home sales fell 0.9 percent in January, declining from 324,000 in December to a seasonally adjusted annual rate of 321,000. The Commerce Department found that the new home sales from January reflected a 3.5-percent increase year-over-year, up from a seasonally adjusted annual rate of 310,000.

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Two Banks Go Under, Lifting National Tally to 11

Fri, 24 Feb 2012 16:28:33 PST

The lights went dark for two banks in Georgia and Minnesota Friday, with one unable to secure an acquirer for deposits. The cash registers at Little Falls-based Home Savings of America fell silent without any bank scheduled to take up $434.1 million in total assets and $432.2 million in total deposits.

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Maryland Man Nabbed in $2.2 Million Mortgage Fraud Scam

NationalMortgageProfessional.com — Fri, 24 Feb 2012 14:48:38 PST

Thomas E. Green of Ocean City, Md

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Want to Join the CFPB?

NationalMortgageProfessional.com — Fri, 24 Feb 2012 14:48:35 PST

The Consumer Financial Protection Bureau (CFPB) has announced that it is assembling a panel of experts with "innovative ideas and a keen perspective on how consumer finance markets affect American consumers," as described by the CFPB. The CFPB's Consumer Advisory Board will provide the CFPB with outside guidance the Bureau will need as it moves...

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Sales of Newly-Built Homes See Slight Decline in January

NationalMortgageProfessional.com — Fri, 24 Feb 2012 14:48:33 PST

Sales of newly-built, single-family homes declined by less than one percent in January from an upwardly revised number in the previous month to hit a seasonally adjusted annual pace of 321,000 units, according to data jointly released by the U.S. Department of Housing & Urban Development (HUD) and the U.S

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B of A Ceases Mortgage Sales to Fannie Mae

Fri, 24 Feb 2012 14:48:28 PST

Bank of America announced Thursday that it will cease making new refinance mortgage sales to Fannie Mae as the mortgage heavyweights tangle over sensitive buyback claims from the financial crisis. The bank will stop selling first-lien refinance loans to the GSE for securitization purposes this month, it said in a filing with the Securities and...

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AGA Petitions Federal Reserve, CFPB

Fri, 24 Feb 2012 14:48:20 PST

On Capitol Hill, the American Guild of Appraisers (AGA) is petitioning the Federal Reserve Board and the Consumer Financial Protection Bureau to overturn a recently adopted rule that stands in opposition to regulations contained in the Dodd-Frank Act. The AGA wrote the organization's plea based on the assertion that the Fed's new rule poses a...

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Mortgage Branch Company MTG007 [Flickr]

Gary Lacey USA — Tue, 22 Nov 2011 13:34:22 PST

Gary Lacey USA posted a photo:

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Mortgage Branch Company MTG008 [Flickr]

Gary Lacey USA — Tue, 22 Nov 2011 13:34:20 PST

Gary Lacey USA posted a photo:

Mortgage Net Branch Opportunity That Operates a Multi-Billion Dollar Licensed Banking Operation Nationwide!

Mortgage Branch Company MTG009 [Flickr]

Gary Lacey USA — Tue, 22 Nov 2011 13:34:19 PST

Gary Lacey USA posted a photo:

Mortgage Net Branch Opportunity That Gives Their Branches A Leading Edge On Their Competition!

Mortgage Branch Company MTG014 [Flickr]

Gary Lacey USA — Tue, 22 Nov 2011 13:34:18 PST

Gary Lacey USA posted a photo:

Mortgage Net Branch Opportunity One Of The Largest Mortgage Bankers In The Industry!

Mortgage Branch Company MTG015 [Flickr]

Gary Lacey USA — Tue, 22 Nov 2011 13:34:15 PST

Gary Lacey USA posted a photo:

Mortgage Net Branch Opportunity Offers Great Rates, Nice Compensation Plan and More!