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Fairway Independent Mortgage Corp. announced a branch in Massachusetts received the No. 1 ranking in 2007 out of 100 branches across the country. Business at the Fairway branch was driven by the company's top-producing loan originator. Primary Residential Mortgage Inc. reported that volume of mortgages insured by the Federal Housing Administration from January through April was up 563 percent from a year earlier. read more »
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Approved Fannie Mae servicers will now be reimbursed up to $150 per case when they pay counseling fees on behalf of borrowers to support delinquency resolution through the HOPE NOW Alliance, according to a lender letter Friday. The maximum reimbursement was raised from $100. Another letter indicated that its servicing guide, which currently allows servicers acting in their own names to represent Fannie's interests in foreclosure proceedings, now allows servicers to represent Fannie's interest i read more »
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The Federal Bureau of Investigation released its Financial Crimes Report the Public for Fiscal Year 2007. The report indicated there were 321 mortgage fraud indictments during the year. Of those indicted, 260 ended up with convictions. read more »
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U.S. thrifts originated $115 billion in mortgages during the first quarter, the Office of Thrift Supervision reported. Volume tumbled from the prior quarter and previous year. Residential delinquency of at least 90 days was 2.85 percent on March 31, climbing from Dec. 31. read more »
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Considering becoming a landlord? Make sure you know what renting out your home entails, says the Real Estate Adviser. read more »
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You can spend a lot or a little, depending on how many options you want. read more »
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