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Upcoming Events
May 2008
SUN MON TUE WED THU FRI SAT
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11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31
Tue 13 C.E. Class Northern Chapter Luncheon - Keeping your license safe (Core-Law) 
Thu 15 C.E. Class Salt Lake Chapter Lunch - 1031 Exchanges for Mortgage 
Thu 15 Other Division of Real Estate Caravan - Logan 
Tue 20 Meeting Utah County Chapter Board Meeting - 8:30am Rocky Mountain Mortgage Group, Provo 
Thu 22 Meeting Northern Chapter Board Meeting - 8:00am Academy Mortgage Corporation 1528 N Woodland Park Drive Suite #120 Layton, UT 84041 Phone (801) 775-8875 
Mon 26 Other Memorial Day, Observed 
Click Here To See Full Schedule




 
 
News & Announcements
Mortgage Action Alliance - Volume III | Issue 16 | May 12, 2008
Dateline: Monday, May 12, 2008 by Http://events.mortgagebankers.org/email/62539.html
Last week the House passed far reaching legislation to address problems in the mortgage and credit markets. The legislation includes a number of long-time MBA priorities, particularly FHA modernization and GSE oversight reform. The centerpiece of the bill is Representative Barney Frank`s mortgage "rescue" plan for FHA to help "underwater" borrowers through voluntary write-downs by lenders and investors. What is little noticed but equally important is what the Congress has not done. Like the dog that didn`t bark, this bill does not include bankruptcy cram down legislation or other similarly harmful provisions. It is important to note that in the months since the credit markets seized up last summer, the Congress has not passed any
(more...)
UMLA`s Mortgage Commission Report - May 7, 2008
Dateline: Wednesday, May 7, 2008
UMLA’s MORTGAGE COMMISSION REPORT In this report:  Appraiser Board Sends Letter to NY Attorney General over Home Valuation Code of Conduct  PLM Licensing Now Requires 40 Hours of Education for All Applicants  Investigative Report  Mandatory Online Renewal is Coming The State of Utah Division of Real Estate
(more...)
Bankers Pan Appraisal Revamp Plan
Dateline: Friday, May 2, 2008 by Http://online.wsj.com/article/SB120960879849358391.html?mod=
By James R. Hagerty Word Count: 307 | Companies Featured in This Article: Fannie Mae, Freddie Mac The Mortgage Bankers Association denounced plans initiated by New York Attorney General Andrew Cuomo to reorganize the appraisal business. The trade group said in a letter Wednesday that the plan should be withdrawn or at least modified. The
(more...)
Foreclosures jump in Utah
Dateline: Tuesday, April 29, 2008 by Http://deseretnews.com/article/1,5143,695274654,00.html
Foreclosures jump in Utah Increase is 78% over year ago; state`s filing rate is 18th in U.S. By Jasen Lee Deseret News Published: Tuesday, April 29, 2008 12:36 a.m. MDT The foreclosure rate in Utah jumped by nearly 78 percent in the first quarter of this year, compared with the same period last year, according to a report released Monday. The RealtyTrac report also showed that the number of foreclosures in the Beehive State increased 34 percent from the fourth quarter 2007 to the first quarter of this year. Utah ranked 18th in the nation in the number of homes in foreclosure. One in every 274 households in Utah had received a foreclosure filing in the first quarter, compared to the national average of one in 194
(more...)
Full News Details Click Here

National News
SOURCE DATELINE (MDT)       HEADLINE
FT Investment Adviser     Today 06:28am    
  • Scottish Mortgage trust outperforms12.05.2008
  • Financial Times     Today 06:26am    
  • Minister sees '5-10% house price fall' this year
  • BBC     Today 06:17am    
  • Mortgage lending hits 33-year low
  • Earthtimes.org     Today 06:08am    
  • New Mortgage Service Provider Added to Calyx Software Network
  • Macro World Investor     Today 06:04am    
  • Agency Information Collection (Manufactured Home Loan Claim) Activities Under OMB Review
  • About Property     Today 06:02am    
  • Mortgage lending still depressed says CML
  • Reuters UK     Today 05:43pm    
  • Nationwide cuts mortgage rates
  • Miami Herald     Today 05:40pm    
  • SocGen 1Q net drops on exposure to US mortgages
  • Edinburgh Evening News     Today 05:26pm    
  • Scottish house prices fall for first time as slowdown bites
  • Finance Markets     Today 05:24pm    
  • House prices fall country wide
  • Muzi     Today 05:19pm    
  • Mortgage cos. reveal damage from housing crisis
  • Daily Mail     Today 05:11pm    
  • Minister exposes Government's secret fears that house prices are set to fall by 'at best 5-10%' this year
  • Guardian Unlimited     Today 04:58am    
  • Mortgage figures hit new low in March
  • Fair Investment Company     Today 04:55am    
  • Northern Rock reports rise in mortgage arrears
  • Canadian Business Magazine     Today 04:55am    
  • Media advisory - Canada Mortgage and Housing Corporation to release its forecasts for Atlantic Canada on May 15
  • Fair Investment Company     Today 04:54am    
  • Surveyors confirm fall in house prices but worst is still to come
  • Find Law     Today 04:53am    
  • Mortgage cos. reveal damage from housing crisis
  • Stockwatch     Today 04:41am    
  • Globe says RBC, others worry about mortgage never-never
  • AP via Newsday     Today 04:35am    
  • SocGen 1Q net drops on exposure to US mortgages
  • BankNet 360     Today 04:28am    
  • Triad: A New (Old) Mortgage Insurer
  • Macro World Investor     Today 04:22am    
  • SocGen 1Q net drops on exposure to US mortgages
  • 24dash.com     Today 04:18am    
  • Mortgage lending at lowest level since 1975
  • The Scotsman     Today 04:13am    
  • Scottish house prices fall for first time as slowdown bites
  • Telegraph     Today 04:07am    
  • Alliance & Leicester to pull 4bn from UK mortgage market
  • citywire.co.uk     Today 04:04am    
  • Nationwide drops price of fixed-rate mortgages
  • Telegraph     Today 04:04am    
  • Mortgage lending tumbles despite BoE's efforts
  • Yahoo! UK and Ireland     Today 03:49am    
  • Credit Suisse says house price declines set to continue
  • Yahoo! Canada     Today 03:47am    
  • SocGen 1Q net drops on exposure to US mortgages
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