Monday, August 18, 2014



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Tax Break Takes Some of Sting Out of BofA Settlement preview | full story
Bank of America Corp. is reportedly on the verge of a massive settlement with the government over toxic mortgages securities, and a chunk of that amount could be tax deductible.
www.mortgagedaily.com/stories/MctSettlementBofA081514.asp



Investors Find Peace of Mind with Orion's i3
Proprietary software performs complete collateral file reviews
and helps smaller investors track and locate missing documents.
www.orionfgi.com


Failed Bank's Founder, Directors Agree to Settle preview | full story
The founder of a Florida bank that failed four years ago and seven of its former directors have agreed to settle for more than $5 million allegations that they played a role in the bank's demise.
www.mortgagedaily.com/stories/SettlementOldSouthern081514.asp


www.mortgagepreflight.com

MLOs Among 100s of Planned Hirings at Citizens preview | full story
With some of the proceeds from an anticipated initial public offering, Citizens Financial Group Inc. plans to hire hundreds of sales people -- including mortgage loan originators.
www.mortgagedaily.com/stories/HiringsCitizens081514.asp



Mortgage Lenders Report Strong Activity preview | full story
One mortgage lender has experienced record origination activity thanks to its correspondent division, while another lender that made a recent wholesale acquisition is also reporting record activity.
www.mortgagedaily.com/stories/Production081714.asp



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Mortgage Business Fails to Bounce Back preview | full story
Even as fixed mortgage rates dipped below 4.5 percent, a resurgence remained illusive. Adjustable-rate mortgages delivered the weakest performance.
www.mortgagedaily.com/stories/MMI081514.asp


Mortgage Market Index 170 for the week ended Aug. 15

Freddie Changes Seller Approval Requirements preview | full story
Changes are being made to the approval requirements for subsidiaries of some Federal Home Loan Mortgage Corp. seller-servicers.
www.mortgagedaily.com/stories/FreddieSellers081714.asp


Investor Class Action Filed Against Ocwen preview | full story
A federal lawsuit has been filed on behalf of investors of Ocwen Financial Corp.'s stock -- some who have seen their investments tumble by more than a third during the past two months.
www.mortgagedaily.com/stories/MctLawsuitOcwen081414.asp


Appraisal Service Providers Team Up preview | full story
Several valuation firms have joined forces to improve client product offerings. One service provider is supporting trade groups, and individuals at two other firms have been recognized for achievements.
www.mortgagedaily.com/stories/Appraisals081414.asp


Rates Slip and Could Ease Further preview | full story
Interest rates on home loans moved moderately lower this past week and could continue that trend into the next report.
www.mortgagedaily.com/stories/Rates081414.asp


Continued Improvement in Radian Performance preview | full story
For five straight months, new business has improved at Radian Guaranty Inc. -- with last month's activity reaching the highest level in nearly a year. Delinquency also continued to improve.
www.mortgagedaily.com/stories/RadianProduction081414.asp



Read the full text of these articles and many more at: www.MortgageDaily.com




     

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