Tag Archives: Company News

In the current mortgage landscape, valuation can be an adventure, but the right strategies and methods can help ensure quality control. To assist professionals navigating today's valuation concerns, MReport tapped Interthinx's chief valuation officer, Mark Chapin, IFA, for his expert opinion, which we included in our publication's October issue. Today, we're sharing his exclusive article and related case studies, as we examine a critical component of the mortgage marketplace. Please review Chapin's full article on TheMReport.com.

IIn the current mortgage landscape, valuation can be an adventure, but the right strategies and methods can help ensure quality control. To assist professionals navigating today's valuation concerns, MReport tapped Interthinx's Chief valuation officer, Mark Chapin, IFA, for his expert opinion, which we included in our publication's October issue. Today, we're sharing his exclusive article and related case studies, as we examine a critical component of the mortgage marketplace. Please review Chapin's full article on TheMReport.com.

In the current mortgage landscape, valuation can be an adventure, but the right strategies and methods can help ensure quality control. To assist professionals navigating today's valuation concerns, MReport tapped Interthinx's chief valuation officer, Mark Chapin, IFA, for his expert opinion, which we included in our publication's October issue. Today, we're sharing his exclusive article and related case studies, as we examine a critical component of the mortgage marketplace. Please review Chapin's full article on TheMReport.com.

Appraisers are faced with challenges on many fronts that require skills well beyond the ability to analyze three comparable sales; Mark Chapin shares his expert advice.

Continuing its legal wrangling with American International Group, Inc., Bank of America Corp. has filed a motion to dismiss Quinn Emanuel Urquhart & Sullivan as the company's counsel for AIG's $10 billion lawsuit against the financial institution. In its move to disqualify the firm, BAC cited conflict of interest due to partner Marc Becker's previous involvement with the bank's chosen law firm, Munger, Tolles & Olson.

In California, home sales were down during September, but data from the month still represents upward movement year-over-year for the third consecutive month. The recent findings from the California Association of Realtors puts the state at what the organization calls a stable level. Closings for escrow sales of existing, single-family detached homes in California transitioned downward to a seasonally adjusted total of 487,940 for September, representing a loss of 2.1 percent from August.

Financial institution Credit Suisse is set to shut down its commercial mortgage-backed securities division following rumblings of approaching layoffs. The overall impact of the global economy and dropping property values in the commercial sector this year are also believed to have played a role. According to numerous news outlets, Credit Suisse's executive of securitized products, Albert Sohn, held a meeting on Wednesday to announce the likely firing of 50 people working as part of the company's commercial real-estate team.

While it shreds other banking assets, MetLife may soon sell the share of mortgage originations it owns in the marketplace, marking another major selloff for the life insurer as federal regulators advance new rules and compliance measures for lenders. A MetLife spokesperson tells MReport that the life insurer will continue to originate reverse mortgages as it looks for a buyer for the MetLife Home Loans division. The move follows a decision by Bank of America to shut down its correspondent lending unit.

Fiserv, Inc. recently evaluated technology initiatives targeting the prevention of fraud money laundering, and the company├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós survey shows that financial institutions are continuing to invest in such measures in spite of the growing need for mortgage banks to limit spending.

Credit officers are weighing in on the current state of the markets, credit terms, securities financing, and over-the-counter derivatives, according to a recent Federal Reserve poll. The results were mixed, and a broad look at credit availability demonstrated no definitive direction in terms of easing versus tightening credit, which is a departure from June's findings that showed an overall loosening of credit across the board. Twenty-one financial institutions participated in the survey.