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Mortgage Lending News Click to continue . . .
Hanley Investment Group Sells 99 Cents Only Anchored Shopping Center for $4,827,000 in Las Vegas
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Hanley Investment Group Real Estate Advisors,Anne Monaghan,LAS VEGAS NV 03/12/2010
Zurvita,Bill Pratt,San Diego CA 03/12/2010
FAMP Miami Chapter`s 25th Annual Trade Show
Start: 05/12/2010 9:00 am End: 05/12/2010 8:30 pm Timezone: America/New York Start: 05/12/2010 9:00 am End: 05/12/2010 8:30 pm Timezone: America/New York The Florida Association of Mortgage Professionals Miami Chapter presents its 25th Annual Trade Show, "Turning Up the Heat," set for Thursday, May 12 at Don Shula`s Hotel & Golf Club, located at 6842 Main Street in Miami Lakes, Fla.
NationalMortgageProfessional.com,NMP Media Services, 03/11/2010
RealtyTrac finds foreclosures drop two percent in February
RealtyTrac, an online marketplace for foreclosure properties, has released its February 2010 U.S. Foreclosure Market Report, which shows foreclosure filings—default notices, scheduled auctions and bank repossessions—were reported on 308,524 U.S. properties during the month, a decrease of two percent from the previous month but still six percent above the level reported in February 2009. The report also shows one in every 418 U.S. housing units received a foreclosure filing in February.
NationalMortgageProfessional.com,NMP Media Services, 03/11/2010
Report finds the average AMC has 15-plus years of experience
On average, an appraiser working with major appraisal management companies (AMC) has more than 15 years of experience appraising residential properties, according to a new survey conducted by the Title/Appraisal Vendor Management Association (TAVMA). In addition, the survey showed that the vast majority of appraisers used by TAVMA members are "certified" appraisers, a designation that requires more experience and an additional level of testing above the state-licensed level.
NationalMortgageProfessional.com,NMP Media Services, 03/11/2010
Investors Back Frank`s Push for Second Lien Write-Downs
Last week, Rep. Barney Frank called for the nation's four largest banks to take a loss on secondary mortgage debt, such as home equity loans, which he says have no real economic value considering the state of the housing market.
An influential group of investors, representing holders of some $100 billion in mortgage securities, is throwing its full support behind Frank's proposal, but the coalition is concerned that unless Treasury provides further guidance, the banks will shun the idea because it could result in "catastrophic" losses.
DSNews.com,Admin, 03/11/2010

