The Mortgage Loan Source

7 Essential Computer Maintenance Tips & Checklist

Jason Steele — Thu, 05 May 2011 01:00:18 +0000

Your computer might not come with as high of a price tag or as many moving parts as your car, but laptops and desktops require just as much regular maintenance to keep running efficiently and securely. Desktops come with lots of peripherals that need regular upkeep and cleaning, and compact laptops are vulnerable to trouble [...]

7 Essential Computer Maintenance Tips & Checklist is a post from the Money Crashers personal finance blog.

GSEs pick second tech provider for Uniform Collateral Data Portal

CHRISTINE RICCIARDI — Wed, 04 May 2011 22:20:03 +0000

Technology firm a la mode is now a direct provider of the government-sponsored enterprise Uniform Collateral Data Portal. The Oklahoma City-based firm's Mercury Network was recently listed as an appraisal submission platform for Fannie Mae and Freddie Mac. The company joins Veros Real Estate Solutions, which was designated a UCDP provider in June 2010. The UCDP is [...]

Ben-Ezra & Katz escape contempt of court, get sanctions instead

KERRI PANCHUK — Wed, 04 May 2011 22:03:19 +0000

Attorneys working for foreclosure default law firm Ben-Ezra & Katz escaped a contempt of court ruling this week, but still face sanctions for the "sloppy handling" of a Florida foreclosure case. Florida Circuit Court Judge Maxine Cohen Lando reversed a decision made in February when the judge told Ben Ezra's managing partner Marc Ben-Ezra and former [...]

Equifax releases monthly Credit Trends Report

SHAINA ZUCKER — Wed, 04 May 2011 21:54:14 +0000

Equifax, a commercial and consumer information company, released its March 2011 National Credit Trends Report Wednesday, which showed stability and growth in the U.S. credit market. The most recent trend data indicates sustained new credit growth in numerous markets, including year-over-year increases in first mortgages and home equity lines of credit. According to the findings, within first [...]

Las Vegas distressed home sales hit another five year high: DataQuick

CHRISTINE RICCIARDI — Wed, 04 May 2011 21:49:43 +0000

Las Vegas area home sales hit another five-year high in March and even posted a gain over March 2010 when the first time homebuyer tax credit was in place. Almost 5,000 homes sold in the Las Vegas-Paradise metro area during the month, the highest volume since March 2006, according to DataQuick. Sales were up a staggering [...]

MetLife earns $830 million in first quarter

CHRISTINE RICCIARDI — Wed, 04 May 2011 21:29:44 +0000

MetLife, Inc. (MET: 46.15 -0.60%), the largest U.S. life insurer and major mortgage market player, posted a first quarter income rise of 3.1%, as profit and revenue increased almost a quarter. The New York-based bank earned $830 million, or 78 cents a share, up from $805 million, or 97 cents a share, a year earlier, despite [...]

Revival in commercial real estate, mortgage finance needs more jobs

KERRI PANCHUK — Wed, 04 May 2011 21:24:32 +0000

Executives in real estate and mortgage finance share a common concern: both groups say a full recovery in their space is contingent on private sector job growth. On Thursday, The Real Estate Roundtable, a public policy group that brings real estate owners and developers together, released a report saying "absent strong improvement in U.S. job markets [...]

Appellate judge orders NY Insurance Dept. to turn over MBIA-related emails

KERRI PANCHUK — Wed, 04 May 2011 21:15:25 +0000

A New York appellate judge is permitting a limited search of New York State Insurance Department emails to uncover any communications that could suggest bias by the Empire State regulators when they agreed to approve the 2009 restructuring of mortgage insurer MBIA Inc. The discovery request is tied to a major legal action involving MBIA [...]

Freddie Mac turns a profit in 1Q

JON PRIOR — Wed, 04 May 2011 20:11:09 +0000

Freddie Mac reported net income of $676 million in the first quarter, one year removed from a $6.6 billion loss. The government-sponsored enterprise did not request a draw from the Treasury Department in the quarter. It's the first period the mortgage giant did not request funds since it entered conservatorship in 2008. Since then, it has [...]

Former Thornburg execs to launch jumbo mortgage lender

CHRISTINE RICCIARDI — Wed, 04 May 2011 19:07:18 +0000

The former co-founder and CEO of Thornburg Mortgage is developing a new mortgage company specializing in jumbo lending. Aventur Partners, whose president and CEO is Larry Goldstone, recently announced the jumbo venture Aventur Mortgage Capital, as well as three other business developments that range from alternative investment management to medical charting. Aventur Capital Mortgage is in the [...]