Archive for September, 2005:

CRE Loans Outstanding Tumble $100 Billion

{ Posted on Sep 12 2005 by Aggregated Mortgage Search }
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Between Dec. 31, 2008, and the end of last year, U.S. commercial mortgages outstanding dropped $99 million, according to the Mortgage Bankers Association. Commercial real estate loans were down $58 billion from Sept. 30, 2009. On a year-over-year basis, CRE ...Read More »

Big Service Providers Make Big Executive Changes

{ Posted on Sep 12 2005 by Aggregated Mortgage Search }
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Legislation introduced in the U.S. House of Representatives would amend the Real Estate Settlement Procedures Act to impose deadlines on mortgage lenders and settlement agents. The legislation would require that a mortgage lender provide the settlement agent with the a ...Read More »

Appeals Court Rules in Favor of Lender in RESPA Case

{ Posted on Sep 12 2005 by Aggregated Mortgage Search }
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The U.S. Court of Appeals for the Ninth Circuit determined in an opinion that Section 8(b) of the Real Estate Settlement Procedures Act does not prohibit overcharges. The decision was rendered in a case against Wells Fargo Home Mortgage. The ...Read More »

Q1 Production Projection Pared

{ Posted on Sep 12 2005 by Aggregated Mortgage Search }
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First-quarter residential originations are projected at $332 billion, Fannie Mae reported in its Housing Forecast: March 2010.That's a significant decline from $543 billion in U.S. volume during the fourth-quarter 2009. It's also lower than the $369 billion forecasted last month ...Read More »

Mortgage Leaders Lost, Hired and Replaced

{ Posted on Sep 12 2005 by Aggregated Mortgage Search }
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A filing with the Securities and Exchange Commission indicated that GMAC Financial Services Chief Financial Officer Robert S. Hull is leaving the company at the end of this month. GMAC also recently lost its director of bulk acquisitions, a spokeswoman ...Read More »