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Loan modifications require mortgage broker license (Rocky Mountain News)
Only licensed mortgage brokers may provide home loan modifications in Colorado under the new Mortgage Broker Licensing Law, the Colorado Division of Real Estate reminded consumers on Wednesday.
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Abode Mortgage Corporation Announces Completing a $23.5 Million Whole Loan Sale (CCNMatthews via Yahoo! Finance)
VANCOUVER, BRITISH COLUMBIA-- - Abode Mortgage Corporation is pleased to report that on November 19, 2008 it completed another insured whole loan sale with a book value of $23.5 Million and a sale value of $24.3 Million to a new insured whole loan purchaser.
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Commercial-Mortgage Bond Risk Rises After Loan Delinquencies (Bloomberg)
Nov. 19 (Bloomberg) -- The cost to protect top-rated commercial-mortgage bonds against default rose to a record, a day after two bad loans boosted concern the debt will cause losses.
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Mortgage rates fall for 3rd straight week (UPI)
WASHINGTON, Nov. 20 (UPI) -- Interest rates for 30-year, fixed-rate U.S. mortgages fell for the third consecutive week, the Federal Home Loan Mortgage Corp. said Thursday.
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New tack vs. default: Cutting mortgage principal (Rocky Mountain News)
As home prices slide and loan defaults pile up, some mortgage companies are slashing the amount that borrowers owe, deciding that a permanent cut in the loan balance may pay off if that helps teetering borrowers avoid foreclosure.
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New tack vs default: cutting mortgage principal (The Gainesville Sun)
Some mortgage companies are slashing the amount that borrowers owe, deciding that a permanent cut in the loan balance may pay off if that helps teetering borrowers avoid foreclosure.
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IndyMac borrowers can get mortgage counseling (Los Angeles Times)
The FDIC-operated lender will offer walk-in sessions on mortgage workouts the next two Saturdays. IndyMac Federal Bank, which has had trouble getting distressed borrowers to contact it about reworking the terms of their mortgages, is hoping they'll be more willing to talk over their options in person with loan counselors from nonprofit agencies.
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Modified- loan services face scrutiny (Denver Post)
The Colorado Division of Real Estate has put people who charge a fee for loan modifications on notice — they must be licensed as mortgage brokers with the state.
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Gary Umholtz joins RPM Mortgage (Sonoma Index-Tribune)
Gary Umholtz, longtime Sonoma loan consultant, has joined RPM Mortgage in their Sonoma Office at 827 Broadway. Umholtz is a senior loan consultant who has earned numerous awards for superior performance, volume and most importantly, customer satisfaction.
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Commercial-Mortgage Bond Risk Rises After Loan Delinquencies (Bloomberg)
Nov. 19 (Bloomberg) -- The cost to protect against default on top-rated commercial-mortgage bonds increased to a record, a day after delinquencies on two loans heightened concern that the debt may cause losses.
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