Just Home Mortgages

Jobs in Washington D.C. are growing quickly, and in 2008 the city produced more in goods and services than almost anywhere in the country.

Washington DC - Weather - Recession - United States - Washington

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AP - Commercial mortgages were among the best-performing loans and leases held by banks and thrifts in the fourth quarter of last year, the Mortgage Bankers Association said Tuesday.

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AP - Nationalized mortgage lender Northern Rock said Wednesday that it returned to profit in the second half of 2009 as interest income rose and losses on loans fell.

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Reuters - U.S. mortgage applications nudged higher last week, reflecting increased demand for home purchase loans even as interest rates trekked higher, data from an industry group showed on Wednesday.

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Coester Appraisal Group reported that its survey of more than 1,500 licensed and certified appraisers found that average turnaround on appraisals was two to three days regardless of whether the appraisal was ordered through a third party or not.

An alternative to broker price opinions was released last month by Valligent.

Global DMS announced its appraisal process management software is up-to-speed with the new Federal Housing Administration appraisal requirements and guidelines.

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In August 2009, Wells Fargo Home Mortgage reported that its U.S.-based servicing staff stood at 11,500.

At the time, the company noted that it was staffing up to handle a backlog of pending loan modifications.

As of February, Well Fargo’s servicing staff climbed to more than 14,500 employees, according to data reported by Moody’s Investors Service.

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A settlement with Vanderbilt Mortgage and Finance Inc. was announced by the North Carolina Office of Commissioner of Banks.

The state alleged numerous violations of North Carolina law.

Vanderbilt was included in the 2006 acquisition of Clayton Homes Inc. by Berkshire Hathaway.

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A report announced by the University of Michigan’s Ross School of Business indicated that the risk of mortgage defaults declined between the fourth-quarter 2009 and the first-quarter of this year.

It was the lowest point for the index since 2005.

The index reportedly measures the risk of default on newly originated mortgages by tracking local and national economic conditions.

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Hall Financial announced that it launched this month.

David Hall is the founder and managing partner of the Michigan-based company.

Hall spent eight years as senior vice president and chief marketing officer at Quicken Inc.-subsidiary Rock Financial.

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Should you refinance right now?  When is the right time to buy a home?  Quicken Loans CEO Bill Emerson answers these questions and with talks with Fox Business about current mortgage rates, mortgage qualification guidelines, and what helps prevent a future mortgage crisis.Watch the latest business video at video.foxbusiness.comRelated posts:Housing Market Predictions – Quicken Loans [...]Related posts:

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