New Penn acquisition builds purchase business | Navy FCU raises lending, servicing and staffing

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New Penn Acquisition Builds Purchase Business preview | full story A bigger market share influenced New Penn Financial LLC's decision to make an acquisition of a mortgage firm with a network of referral sources for home purchases. www.mortgagedaily.com/stories/ShelterAcquisition090314.asp Navy FCU Raises Lending, Servicing and Staffing preview | full story Navy Federal Credit Union increased home lending over the first quarter. As well, mortgage servicing and employment were up. www.mortgagedaily.com/stories/NavyFcuProduction090414.asp More Members Being Handled by Fewer Credit Unions preview | full story Although the number of credit unions has diminished, collective membership at all credit unions continued to grow. Larger institutions are doing better than their smaller counterparts. www.mortgagedaily.com/stories/CreditUnionPerformance090314.asp Mortgage Advertising read more Put your company's ad on this e-mail newsletter. read more | e-mail | 800.511.5204 | www.mortgagedaily.com/advertise.asp CMBS Delinquency Rate Rises in August preview | full story After more than a year of month-over-month declines, the past due rate on securitized commercial real estate loans worsened last month. www.mortgagedaily.com/stories/DelinquencyCmbs090314.asp HECM Originations Plunge to 6-Year Low preview | full story Loan originators closed fewer federally insured reverse mortgages last month than in any other month in at least six years. www.mortgagedaily.com/stories/ReverseProduction090314.asp Indictments Handed Down in Massive FHA Fraud Case preview | full story The owner of a mortgage company -- along with loan originators, other employees and real estate developers -- has been indicted in a huge case involving government-insured mortgages. http://www.mortgagedaily.com/stories/FhaFraud090214.asp Another Solid Month at Fannie Mae preview full story New business rose to the highest level in eight months at the Federal National Mortgage Association, while serious delinquency fell to its lowest level in nearly six years. www.mortgagedaily.com/stories/FannieProduction090214.asp Changes Sought to FHLB Membership Requirements preview | full story The regulator of the Federal Home Loan Banks is proposing to make some changes to membership eligibility requirements. www.mortgagedaily.com/stories/FhlbMembership090214.asp Freddie, Ginnie Drive Monthly MBS Agency Issuance Up preview | full story Despite a decline in the monthly issuance of mortgage-backed securities at Fannie Mae, overall agency MBS issuance increased. www.mortgagedaily.com/stories/AgencyIssuance090214.asp NY AG Litigating Redlining preview | full story New York's lawyer in chief has sued a bank in the state over alleged redlining and is warning that more such actions could follow. www.mortgagedaily.com/stories/MctLawsuitNyRedlining090214.asp

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