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 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 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 OffRefis Down More than a Quarter
October 15th, 2011 davidguide Refinance inquiries dropped 27 percent over the past seven days, according to the U.S. Mortgage Market Index report. Refinance business was 21 percent lower than last year at this time. The refinance share was 65 percent, down from 71 percent last week. View full post on Mortgage Stories
Posted in Business Loans Tags: Business, index report, inquiries, market index, mortgage market, percent, post, quarter, Refis, seven days, View Comments OffReverse Lender Formally Launches
September 1st, 2011 davidguide JGWPT said that it has officially launched a reverse mortgage division. The company recently acquired J.G. Wentworth. The reverse business began as a pilot program at J.G. Wentworth a year ago. View full post on Mortgage Stories
Posted in Business Loans Tags: Business, JGWPT, Launches, Mortgage, mortgage division, pilot program, post, reverse mortgage, View, wentworth Comments OffThousands of Layoffs Include Mortgage Jobs
August 20th, 2011 davidguide Bank of America Corp. confirmed in a statement that 3,500 positions are being eliminated. The layoffs will occur during the third quarter. More than a thousand mortgage jobs have been cut this year at the company. View full post on Mortgage Stories
Posted in Business Loans Tags: bank, bank of america, bank of america corp, jobs, Layoffs, Mortgage, post, Statement, View Comments OffIssuance Softens at Ginnie
June 29th, 2011 davidguide The issuance of mortgage-backed secuties at Ginnie Mae was down around a billion dollars in May. Compared to year earlier issuance was off approximately $8 billion. The month-over-month decline applied to single-family, home-equity conversion mortgage and multifamily securitizations. View full post on Mortgage Stories
Posted in Business Loans Tags: conversion, Decline, equity conversion mortgage, ginnie mae, home equity conversion, home equity conversion mortgage, Issuance, post, Softens, View Comments OffUNLV economic report forecasts modest recovery through 2012
June 20th, 2011 davidguide A modest economic recovery under way will get stronger in the second half of this year and continue its gains in 2012, according to an assessment released today by UNLV. View full post on Business Stories
Posted in Business Structures Tags: Business, economic recovery, economic report forecasts, post, report, second half, Stories, UNLV, View Comments OffEuropeans Doubt Greece’s Ability to Stick to Budget
June 18th, 2011 davidguide If Greece fails to push through new austerity measures, it could jeopardize the second rescue package that it needs. View full post on Business Stories
