Mortgage Lending News     Click to continue . . .

  •   Commercial Mortgage Rates - Rising along with Delinquencies
The Federal Government recently issued a Policy Statement regarding the restructuring of commercial mortgage debt. While this is not the same type of program or edict as on the residential side it has provided both motivation and guidance for all banks as to how, when and under what circumstances commercial mortgage loans should be modified.
Commercialmortgageinfo.net,CommercialMortgageInfo.net,Boca Raton Fl  02/09/2010

  •   Commercial Mortgage - Update - Free Lender / Modification Specialist Search
The Federal Government recently issued a Policy Statement regarding the restructuring of commercial mortgage debt. While this is not the same type of program or edict as on the residential side it has provided both motivation and guidance for all banks as to how, when and under what circumstances commercial real estate loans should be modified.
Commercialmortgageinfo.net,CommercialMortgageInfo.net,Boca Raton Fl  02/09/2010

  •   CommercialLeads.net - Helping Brokers Adapt in Tough Economic Times
Commercial Mortgage Leads - Through CommercialLeads.net's Commercial Mortgage Leads program you can obtain cash flow deals of all types, refinance requests and more referred from Commercial Realtors, Title Reps, Appraisers and 16 other segments..
Commercialleads.net - Www.commercialleads.net,CommercialLeads.net,Jacksonville Beach Fl  02/09/2010

  •   Minnesota Bank Shuttered by Regulators
Multiple bank closures have become commonplace on Friday evenings, but last week, regulators shut the doors on just one institution – 1st American State Bank of Minnesota. The bank operated two local branches in Hancock, with $16.3 million in deposits and $18.2 million in total assets. It was acquired by Community Development Bank, also in Minnesota.
DSNews.com,Admin,   02/09/2010

  •   Bank of America Extends More Than $758 Billion in Credit During 2009
Bank of America extended more credit in 2009 than any other U.S. bank, according to the bank's fourth quarter Lending & Investing Initiative Report. Released Friday, the report noted the extension of more than $758 billion in credit during 2009, including nearly $180 billion during the fourth quarter alone. The report outlines the bank's progress in driving economic recovery through 10 key areas, including lending to consumers and businesses of all sizes, support for municipalities and nonprofits, community development, and other initiatives.
DSNews.com,Admin,   02/09/2010

  •   ResCap`s Ditech Operations Relocating to Pennsylvania
GMAC Financial Services has announced plans to relocate its Ditech business, which is part of the company's mortgage subsidiary Residential Capital, LLC (ResCap), to the corporate center in Fort Washington, Pennsylvania. GMAC said Ditech "was not performing up to expectation in its previous configuration," and expects the move to improve operational efficiencies by leveraging a common infrastructure for both Ditech and GMAC Mortgage.
DSNews.com,Admin,   02/09/2010