Montana SC rules mortgage registry is not a beneficiary HispanicBusiness.com The Montana Supreme Court ruled last week that the national mortgage registry known as MERS is not a beneficiary under state law.
Attorney suspended in robo-signing case | Maryland Daily Record Kristi Tousignant – Another attorney connected to the robo-signing scandal during the foreclosure boom has been suspended from practicing law.
Umatilla County records office goes digital Walla Walla Union-Bulletin Dan Lonai, director of administrative services, explained during the board’s regular meeting that “e-recording” will save staff time and cut down on postage cost…
Can Housing Bubbles be Controlled?
CBS MoneyWatch | December 5, 2013
In the U.S., house prices have been rising for 20 straight months and construction permits have hit a five year high. In the U.K. meanwhile, house prices have hit a 40-month high, with some London prices showing double digit growth. It’s not unreasonable in this context to imagine a future housing bubble.
MBA: Mortgage Banker Profits Halved In Q3
Mortgage Orb | December 5, 2013
Independent mortgage bankers in the third quarter made only about half of the profit they did on loans underwritten in the second quarter, due mainly to rising production costs, according to the Mortgage Bankers Association’s (MBA) Quarterly Mortgage Bankers Performance Report.
FHA Lays Down the Hammer on Multiple Lenders Again: Find Out Why
National Mortgage Professional Magazine | December 5, 2013
In compliance with Section 202(c) (5) of the National Housing Act, the U.S. Department of Housing & Urban Development (HUD) publishes notices in the Federal Register making known the cause and description of administrative actions taken by HUD’s Mortgagee Review Board against FHA-approved lenders.