Vol. 68 Nbr. 1, October 2007

Index

• Lending perspective.
• HMDA data reflect decline in overall loans in 2006.
• Credit scores differ among race, ethnic groups.
• Dodd to file anti-predatory-lending bill.
• Schumer files bill to lift GSE portfolio caps.
• Bush administration rolls out FHASecure.
• Loan defaults in small number of states drive 2Q delinquencies.
• Report predicts credit-related lender insolvencies nearing end.
• HUD to assume hurricane housing assistance from FEMA.
• Ginnie Mae removes VA mortgage loan limit.
• OFHEO finds Q2 home price growth slowest since 1994.
• The ticker.
• Change is the only constant.
• Lessons from this market.
• Paul F. Hancock--mortgage industry attorney and fair-lending expert.
• Calendar of events.
• Anatomy of a meltdown.
• A tale of survival: brokers today are mining databases, developing referral sources, helping Realtors close sales, holding seminars and helping borrowers polish their credit.
• Small lender survival--Part 1: performance history and outlook; A look at recent industry data confirms smaller lenders operate at a stubborn pricing disadvantage to megalenders in the marketplace. However, the numbers alone don't destine smaller lenders to extinction. This article is the first in a series on small lender survival.
• The mortgage continuum: lenders for too long have managed their production operations without detailed factual analytics pinpointing markets with the highest demand. Now it's time for lenders to become real students of origination markets.
• What makes borrowers happy? J.D. Power and Associates knows a lot about what drives customer satisfaction in the mortgage business. Three key studies report on what makes customers want to return to their current lender--and what drives them away.
• Quintessential Quinn: the new chairman of the Mortgage Bankers Association is taking on the post at a very challenging time for the industry. But friends say Kieran Quinn is up to the challenge.
• A consolidation play: W.J. Bradley Company Merchant Partners LLC, Denver, is in the market to buy small originators.
• Q & A with William V. Nutt, president and CEO of AIG United Guaranty: a leading mortgage insurance executive talks about the factors behind the current mortgage market troubles, some necessary cures and a timetable for recovery.
• Mortgage brokers--what fiduciary duties exist? The debate has been long brewing over whether mortgage brokers owe a fiduciary duty to their borrowers. Here's an update drawn from case law and newly enacted measures.
• Seeking customer stickiness: major banks, including Bank of America and BB & T, along with national lenders like Ditech are seeking a larger share of their customers' wallets. Cross-selling and retention are their new business mantras.
• Is there a future for community lenders? Four community lenders talk about staying competitive in a difficult market.
• Canada's conservative side.
• IBM's mortgage fulfillment unit receives HUD, state approvals.
• L2C releases mortgage-specific credit score.
• Xerox announces $32 million Advectis purchase.
• Artemis Enterprises launches collaborative data-management solution.
• Carteret Mortgage deploys Market Kinetix's Deal Maker Score.
• Online originations now a 'force,' says Mortgagebot survey.
• 1st Source Bank buys Mortgage Flex's LoanQuest WebRegistration.
• DocuTech automates prepayment configuration management.
• Calyx Software maintains market leadership.
• FICS adds mortgage insurance interface to Loan Producer.
• LSSI, Stewart form strategic alliance.
• Metavante to provide Web-based financing solution to AFC.
• Capmark originates $44 million refinance for CA multifamily property.
• HUD says multifamily sector slowed in second quarter.
• Record $48 billion in hotel sales predicted by year-end 2007.
• 'Green' construction costs dramatically lower than believed.
• BB & T to acquire Collateral Real Estate Capital.
• Crosspoint, Anglo Irish Bank purchase Boston seaport portfolio.
• Second-quarter 2007 commercial/multifamily originations rise.
• GE Real Estate provides $28.5 million for Toronto film studio.
• Subprime mortgage woes strengthen apartment markets in Q2.
• Commercial activity continues to rise in 2Q.
• Compass Analytics.
• Dave Wheeler has been named regional account executive for Credit Plus Inc. in Salisbury, Maryland.
• Howard Freeman and Arvind Radhakrishna have been named sales and trading analysts for Mission Capital Advisors LLC in New York.
• Indymac Bank FSB's Wholesale Lending Division.
• Jan Sternin has been named senior vice president of commercial/multifamily for the Mortgage Bankers Association (MBA) in Washington, D.C.
• Joe Gorin has been appointed acquisitions director, direct investments, for GE Real Estate in Norwalk, Connecticut.
• John A. Frobose has been named president of the lending solutions business, and Michael Campbell has been named senior vice president and hazard product line executive for Atlanta-based Assurant Specialty Property.
• John P. McMurray has been named chief credit officer for Washington Mutual Inc. in Seattle.
• Jon Thompson has been promoted to vice president of structured finance for Advantus Capital Management in St. Paul, Minnesota.
• Nancy G. Pratt has been named director of business development, eMortgage Services Group, for PropertyInfo Corporation in Houston.
• Susan Leone-Pomfret has been named director, Reverse Mortgage Division, for Summit Mortgage in Boston.
• Thomas D. Wood and Company.
• Indymac Bank's Wholesale Lending Division.
• How big is your process automation gap?
• An uncertain future.
• Market performance gauge.
• National residential lenders--top 25.
• Top 25 counties--government lending markets.
• Top 25 counties--high-priced lending markets.
• Mortgage performance.
• Mortgage applications indexes: Mortgage Bankers Association (MBA).
• Key economic indicators and interest rates.
• Housing activity: residential structures (thousands of Units, SAAR).