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News & Announcements |
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 |  | 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 |
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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 |
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The trade group said in a letter Wednesday that the plan should be withdrawn or at least modified.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 |
 | | 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 |
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