One of the biggest mortgage operations at JPMorgan Chase & Co. is in the Columbus, Ohio, area. The region is home to 7,000 Chase mortgage employees. This year, nearly 2,000 positions were filled by Chase in Central Ohio, including hundreds of mortgage jobs. View full post on Mortgage Stories
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Ohio a Mortgage Hub for Chase
December 30th, 2011 
davidguide 
Posted in Business Loans 
Tags: chase mortgage, columbus ohio area, home, Hub, JPMorgan, jpmorgan chase, Mortgage, mortgage operations, region, View 
Comments OffHolidays Dampen Demand, Rates Bounce off Bottom
December 26th, 2011 davidguide The U.S. Mortgage Market Index from Mortech Inc. and MortgageDaily.com for the week ended Dec. 23 was 193. It was the slowest week for loan inquiries since the Thanksgiving index of 161. The 30-year mortgage average fell to the lowest on record, but an analysis of market data reported by the Department of the Treasury [...]
Posted in Business Loans Tags: com, demand, department of the treasury, loan inquiries, Mortech, mortgage market, MortgageDaily, Rates, Thanksgiving, thanksgiving index Comments OffFannie Revises Requirements, Raises Fees to Sellers
December 22nd, 2011 davidguide Fannie Mae said it will immediately permit master or blanket insurance policies that combine insurance coverage for multiple condominiums as long as the coverage meets certain specific criteria. The selling guide was updated to clarify that sellers can’t delegate their authority to execute a note endorsement. The Washington, D.C.-based firm is raising the cost of [...]
Posted in Business Loans Tags: blanket insurance, Fannie, fannie mae, firm, Guide, insurance, insurance coverage, insurance policies, Revises, Selling Comments OffFreddie Revises Cashout, Appraisal Requirements
December 18th, 2011 davidguide Approved Freddie Mac sellers were advised of new cashout guidelines for properties that were recently acquired for cash. The secondary lender additionally updated its appraisal requirements. Freddie covered the updates in a bulletin to approved sellers. View full post on Mortgage Stories
Posted in Business Loans Tags: Appraisal, appraisal requirements, Approved, Cashout, freddie mac, freddie mac sellers, Mac, Mortgage, post, secondary lender, View Comments OffFormer WaMu Execs Settle FDIC Lawsuit
December 14th, 2011 davidguide Three of the top executives at the helm Washington Mutual Bank around the time it became the biggest bank failure in U.S. history have agreed to a settlement with the Federal Deposit Insurance Corp. The FDIC previously filed a lawsuit in federal court against Kerry Killinger, Stephen Rotella and David Schneider. Regulators claimed that the [...]
Posted in Business Loans Tags: Court, Execs, FDIC, federal deposit insurance, federal deposit insurance corp, kerry killinger, Lawsuit, settlement, stephen rotella, Washington, washington mutual bank Comments OffRefis Rise Again Despite Purchase Slump
December 10th, 2011 davidguide Inquiries for purchase loans fell 2 percent from last week in the Mortgage Market Index report. But refinances climbed 12 percent over the past seven days. Refinances were even 13 percent stronger than the year-earlier week. View full post on Mortgage Stories
Posted in Business Loans Tags: index report, inquiries, market index, Mortgage, mortgage market, percent, post, purchase loans, refinances, Slump Comments Off3 More Notaries Indicted in LPS-Related Case
December 6th, 2011 davidguide A case involving employees of Lender Processing Services Inc. has yielded criminal charges on three more defendants. The Nevada Attorney General’s Office announced Monday that a criminal complaint had been filed against three notaries public. The complaint was filed just weeks after two other defendants were indicted by the state. View full post on Mortgage [...]
Posted in Business Loans Tags: criminal charges, criminal complaint, Inc., Mortgage, nevada attorney general, Notaries, post, processing services, State, View Comments OffMetLife Emerges as Dominant Reverse Lender
December 2nd, 2011 davidguide MetLife Bank closed more than 1,200 retail-originated home-equity conversion mortgages in November. That was the most HECMs closed of any reverse lender. In fact, MetLife closed more than three times as many retail loans than the next-biggest originator. View full post on Mortgage Stories
Posted in Business Loans Tags: bank, conversion, Emerges, home equity conversion, MetLife, Mortgage, mortgages, post, retail loans, three times, View Comments OffWells Fargo is Frequent Target in Discrimination Litigation
November 28th, 2011 davidguide The judge in a federal lawsuit filed by the City of Baltimore accusing Wells Fargo Bank of causing the city’s foreclosure mess because of discriminatory lending has denied Baltimore’s request for an extensive discovery. A federal judge in California denied a motion by several plaintiffs in litigation against Wells Fargo. A judge in an Illinois [...]
Posted in Business Loans Tags: bank, city of baltimore, Discrimination, discrimination litigation, federal lawsuit, frequent target, lending, mess, post, State, wells fargo bank Comments OffLow Rates Could Fall More
November 24th, 2011 davidguide The average 30-year mortgage moved up a basis point from last week. It was the same story for the 15-year mortgage. An analysis of Treasury market data suggests that the 30-year could be around 8 BPS better in next week’s report. View full post on Mortgage Stories
Posted in Business Loans Tags: basis, basis point, BP's, fall, Low, post, Treasury, treasury market, year mortgage Comments Off
