Mortgage Lending Industries

Lenders Bringing Homeowner Prosecutions In Loan Modification

Armen Hareyan — Tue, 14 Apr 2009 09:27:32 -0500

Mortgage Fraud Examiners, the company that was warning the public about loan modification services months before the Obama Administration, is now warning of a new “criminal loan modification trap” which the government 'doesn’t'(?) want you to know.

Changes Coming to the Loan, Credit Card Industry

Armen Hareyan — Sat, 03 May 2008 11:00:55 -0500

The Federal Reserve on Friday approved the proposal, released Thursday by the Office of Thrift Supervision and the National Credit Union Administration. The proposal would give reasonable time to make payments and much more.

Pros See U.S. Housing Crisis Lasting Through 2008

Armen Hareyan — Fri, 28 Dec 2007 10:22:23 -0600

Homebuilding and Mortgage Lending Industries Likely To Face Most Trouble As Housing Crisis May Be Lasting Through 2008.

Morgan Stanley's $3.7 Billion Subprime Hit

Armen Hareyan — Wed, 07 Nov 2007 21:19:40 -0600

Continued Market Deterioration Since August Reduces Fair Value of Morgan Stanley's Subprime Exposure by $3.7 Billion – as of October 31, 2007

IBM Delivers New Offerings to Transform Lending Capabilities for Mortgage Industry

harminka — Mon, 15 Oct 2007 12:05:08 -0500

IBM (NYSE: IBM) today announced that it will launch a new set of hosted multi-channel Point of Sale (POS) offerings that will enable lenders to better manage their interactions with mortgage brokers and consumers.

BNC Mortgage LLC Shuts Down

Armen Hareyan — Wed, 22 Aug 2007 16:02:38 -0500

Another sad story about a mortgage company collapse. Lehman Brothers said today that it will shut down BNC Mortgage LLC due to market conditions.

Capital One Closes GreenPoint Mortgage Wholesale Unit

Armen Hareyan — Mon, 20 Aug 2007 17:58:46 -0500

Capital One not only closed GreenPoint Mortgage but also revised 2007 EPS guidance down by $2.15 per share; expects 2007 EPS of approximately $5.00 per share. GreenPoint Mortgage will not make new loan commitments.

H&R Block Reports $85.5 Million 4Q Loss

Alla — Fri, 22 Jun 2007 06:55:28 -0500

H&R Block Inc. swung to a fourth-quarter loss Thursday as the continuing struggles of its mortgage lending arm offset higher revenue in its tax and financial services divisions, The Associated Press reported.

IntraPrise Solutions and The Servicing Source Announce Joint Venture

Anastvatz — Tue, 01 May 2007 12:57:00 -0500

Launch of New Brand of Asset Valuation and Modeling Products