MortgageOrb: Mortgage news and analysis for the loan origination, servicing and secondary marketing businesses

on 16 May 2012 by MortgageOrb.com

On a seasonally adjusted basis, the overall delinquency rate decreased for all loan types except U.S. Department of Veterans Affairs loans.

Housing Starts Up In April
May 16, 2012
Privately owned housing starts in April were at a seasonally adjusted annual rate of 717,000. This is 2.6% above the revised March estimate of 699,000 and 29.9% above the revised April 2011 rate of 552,000, according to new data [read more]

Taking A Second Look At Today's Technology Risks
by Jordan Brown, May 16, 2012
REQUIRED READING: Every organization takes risks, but sometimes there are hidden cracks below the foundation of a company that pose serious problems. During the recent financial crisis, it became apparent that there were more than a few firms with [read more]

News

New Report: Write-Downs Unlikely To Impact RMBS Ratings
May 16, 2012
Principal reductions are unlikely to change long-term ratings for U.S. residential mortgage-backed securities (RMBS), according to a new report from Fitch Ratings that also [read more]

Mortgage Builder Acquires GCC Servicing Systems
May 16, 2012
Mortgage Builder, a loan origination software provider, has announced its acquisition of GCC Servicing Systems, a loan servicing software provider. Both companies are based [read more]

Half Of Canada's Homeowners Buckling Under Mortgage Debt
May 16, 2012
Canadian homeowners are feeling the pinch of balancing mortgage responsibilities with saving for retirement, according to a new study released by Toronto-based BMO Financial [read more]

From The Orb

News

FYI

D. Dowd Muska: Housing's Role In The Presidential Race
by Phil Hall, May 15, 2012
PERSON OF THE WEEK: In less than six months, Americans will be heading to the polls to either re-elect President Obama or replace him with former Massachusetts Gov. Mitt [read more]

Can The Lacey Act Be Used To Seize Homes?
by Phil Hall, May 14, 2012
BLOG VIEW: Imagine receiving a frantic telephone call from a borrower whose home was seized by federal law enforcement agents. The reason for the seizure: The borrower's home builder [read more]

What The CFPB Is Really After
by Raj Date, May 11, 2012
WORD ON THE STREET: The calamities of the last decade - even the crisis caused by the calamity in mortgages - do not make us at the Consumer Financial [read more]

Vacant Properties: The New Ticking Time Bomb
by Rudy Krupka , May 10, 2012
REQUIRED READING: Last November, the U.S. Government Accountability Office (GAO) published a report entitled "Vacant Properties: Growing Number Increases Communities' Costs and Challenges." While the report focused on the [read more]

The Paperless Environment: Still A Work In Progress
by Nancy Alley, May 9, 2012
REQUIRED READING: The benefits of a paperless mortgage process have been discussed for years. As far back as 2005, accelerated turnaround times, decreased costs and better customer service were [read more]