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TEXT-S&P rates American Home Mortgage Servicing 'B+' - Reuters

TEXT-S&P rates American Home Mortgage Servicing 'B+'
Reuters
Overview -- American Home Mortgage Servicing has good earnings and adequate leverage, and it should benefit from favorable industry dynamics. -- However, we believe that the firm's expansion into a dislocated residential mortgage servicing industry .
Standard & Poor's Revises American Home Mortgage Servicing, Inc. Outlook to .PR Newswire (press release)

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Mortgage Brain launches broker promotion app
Mortgage Brain has launched a mobile app designed to promote the intermediary sales channel to consumers...

Freddie Mac, Fannie Mae borrowers could see principal reduction - Los Angeles Times

Kansas City Star

Freddie Mac, Fannie Mae borrowers could see principal reduction
Los Angeles Times
Last week, officials who run the Keep Your Home California program told The Times they were dropping a requirement that financial institutions must match taxpayer funds when mortgages are shrunk in this manner. [Updated 2:37 pm: Last year, .
Fannie Mae: Outlook For Home Prices Rises In AprilWall Street Journal
Consumer Attitudes Continue Positive Incremental Trend Despite Slow Job GrowthMarketWatch (press release)
Fannie Refused to Punish Countrywide for Bad Debt, Lockhart SaysBusinessWeek

all 33 news articles »

Genworth Mortgage Insurance Unit Announces Price Reductions and Expanded . - MarketWatch (press release)

Genworth Mortgage Insurance Unit Announces Price Reductions and Expanded .
MarketWatch (press release)
These adjustments include reduced pricing and expanded underwriting guidelines that will allow more borrowers to qualify for conventional mortgage loans with affordable down payments of less than 20 percent of a home's purchase price.

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WA leads nation in mortgage inquiries
WA led the nation in mortgage inquiries in the year to the end of March, suggesting house prices are set to recover, research showed...

Housing Market in U.S. Is Reaching Bottom, Ranieri Says - Bloomberg

Business Insider

Housing Market in U.S. Is Reaching Bottom, Ranieri Says
Bloomberg
The US housing market is reaching a bottom, according to Lewis Ranieri, the mortgage-bond pioneer. While EURœbroadEUR concern that home prices have further to fall is restraining sales, EURœmany, myself included, think we are at a bottom,EUR Ranieri said today .
Ranieri Says Housing Market in US Is Reaching BottomBusinessWeek
Mortgage-Bond Bigwig Lewis Ranieri Calls Housing BottomU.S. News & World Report (blog)
Father Of Mortgage Bonds: Home Prices Are BottomingBusiness Insider
Wall Street Journal (blog)
all 6 news articles »

BMO Mortgage Report: Canadians "Married with Children" Prefer Shorter Amortization
- Overall, half of Canadians are leaning towards a shorter amortization to pay off their mortgage sooner - Alberta leads the way - According to BMO Economics, shorter amortizations key to strengthening household financial stability..

ICBC Stops Discounts On Mortgages For First-Home Purchases - Report - Fox Business

ICBC Stops Discounts On Mortgages For First-Home Purchases - Report
Fox Business
HK) has told its branches to stop offering discounts on mortgages for first-home buyers, the People's Daily reported Monday, citing staff of the country's largest bank by assets. The report cited a staff member of ICBC's phone-banking service as saying .

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Nearly bankrupt Stockton leads state in job growth
Which U.S. city teeters on the verge of bankruptcy but leads its state in job growth? That would be Stockton. Ground zero for the mortgage meltdown, and hoping not to become the biggest American city ever to file for. Presented By: Save space and archive your files. Avoid unnecessary clutter by archiving files. With the DYMO Touch Screen„¢ label maker, you can use the full color touch ...

Red Mortgage Capital Leads Nation as Top FHA Multifamily Lender Per HUD Fiscal Mid-Year Volume Rankings
FHA Expert Moves Up from Second Position to Tops in Nation With More than $640 Million/58 Transactions Closed in the First Half-HUD FY2012Columbus, OH (PRWEB) May 07, 2012 Red Mortgage Capital, LLC, consistently one of the nations most active FHA MAP & LEAN lenders, is proud to announce it is the countrys top lender of FHA MAP loans for volume activity through the first half of HUDs Fiscal ...

Mortechs Marksman Marketplace Streamlines Mortgage Lenders Lead Generation Efforts
Mortech, Inc., a mortgage technology software company specializing in solutions for mortgage banking operations and secondary market teams, has launched Marksman Marketplace, a mor..

Keep Your Home California Announces Program Changes To Help More Homeowners . - MarketWatch (press release)

Keep Your Home California Announces Program Changes To Help More Homeowners .
MarketWatch (press release)
SACRAMENTO, Calif., May 07, 2012 (BUSINESS WIRE) -- Keep Your Home California, the state-run mortgage payment assistance program, said today that the federal government has authorized the expansion of two programs that help struggling California .
California loosens requirements for mortgage aidSacramento Bee
California Pushes Write-Downs Under Obama ProgramWall Street Journal (blog)
Obama Administration's Signature Foreclosure Prevention Program Continues .ThinkProgress

all 7 news articles »

Genpact Integrates Compliance Platform into Quantum Mortgage Operating System
PHOENIX, April 23, 2012 /PRNewswire/ -- MBA National Technology in Mortgage Banking Conference & Expo -- Genpact Limited (NYSE:G - News), a global leader in business process and technology management, has integrated ...

3 Trends in Mortgage Finance for Spring 2012 (and Beyond) - U.S. News & World Report (blog)

U.S. News & World Report (blog)

3 Trends in Mortgage Finance for Spring 2012 (and Beyond)
U.S. News & World Report (blog)
The specter of rising rates is particularly harmful for buyers waiting on the sidelines for home prices to drop further, mostly because a slight further drop in home prices won't outweigh the cost of paying a higher interest rate over the long term.
Illinois Refinancing Expert Explains New Home Affordable Refinance ProgramSBWire (press release)
Tammerlin Drummond: HARP 2.0 helps seriously underwater homeownersAlameda Times-Star

all 5 news articles »