Tag Archives: Processing

Pennsylvania's GMH Mortgage Services LLC announced the addition of Bill Bogle as SVP of capital markets. Bogle has worked in the mortgage industry for more than 15 years, having served most recently at New Penn Financial as VP of secondary marketing.

Kinecta Federal Credit Union's mortgage volume reached more than $3 billion at the end of October, exceeding its 2011 volume with a full quarter still remaining.

Cincinnati-based eLynx announced its compliance with all guidelines for obtaining electronic signatures on Form 4506-T, Request for Transcript of Tax Return.

Rep. Jeb Hensarling (R-Texas) has been elected chairman of the House Financial Services Committee. Hensarling replaces Rep. Spencer Bachus (R-Alabama) who headed the committee for the past six years.

A recently released study shows that a vast majority of consumers would consider looking to non-banks for their next mortgage.

Fannie Mae and Freddie Mac refinanced more than 90,000 mortgages through the Home Affordable Refinance Program (HARP) in September.

The Securities and Exchange Commission (SEC) has ended its investigation of potential fraud in offering documents for mortgage-backed securities (MBS) sold by Wells Fargo.

Amid an improving commercial real estate market, the National Association of Realtors (NAR) predicts declining vacancy rates in all sectors of commercial real estate in the coming year. The greatest vacancy decline is expected among office properties. Office vacancies should fall about one percentage point over the year, dropping from 16.7 percent to 15.7 percent. While the smallest vacancy decline is expected in the multifamily sector, NAR states there is "a full recovery already in the multifamily market."

It seems more banks are eyeing the possibility of expansion in 2013, according to a survey sponsored by Crowe Horwath LLP. According to the results, 57 percent of banks intend to make some form of acquisition in the next year, up from last year's survey. Furthermore, many bankers expressed interest in acquisitions outside of their core banking franchises. Out of the banks that are looking at expanding, 28.8 percent said they intend to acquire a residential mortgage origination business in 2013.

Radian Guaranty, Inc., the mortgage insurance subsidiary of the Philadelphia-based Radian Group, announced its National Training department has trained more than 14,000 customers in 2012.