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Inside Mortgage Trends

June 12, 2009

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Private Equity Funds Rediscover Profit Niche

Hoping to duplicate their success in the wake of the savings-and-loan crisis nearly 20 years ago, some private-equity firms are cautiously snapping up distressed and capital-starved banks on the cheap for bigger profits down the road. The severity of the latest financial crisis... Read More

House Foreclosure Bill Could Trap Servicers

Mortgage industry representatives are making the case to members of Congress to keep servicers from being ensnared in possible foreclosure consultant provisions in legislative language under consideration in the House of Representatives. In comments sent late last week... Read More

Mortgage Lenders See Further Increase in Loan Repurchase Orders from Investors

Banks with mortgage banking operations reported another big increase in the volume of loans they were forced to repurchase during the first quarter of 2009, according to a new Inside Mortgage Profitability analysis of call report data. The 30 largest banks in the mortgage... Read More

PHH Stockholders Vote for New Direction

The ongoing power struggle at the board of directors of PHH Corp., the parent of PHH Mortgage, ended this week as shareholders opted for a change at the top, ousting two incumbent candidates and electing two dissident directors, while retaining an incumbent outside director... Read More

Rate Jump Dampens Freddie Refi Move

Freddie Mac’s recent move to broaden lender participation in its refinance program for equity-poor borrowers may not help small and mid-sized companies that – along with the rest of the industry – are suddenly faced with a refi boom that’s going flat. The government... Read More

Technology Briefs

REO Alternatives, Overture Technologies, Rapid Reporting, and SigniaDocs have joined forces in order to launch a new eMortgage System Processing to make the loan modification process more efficient. The eMortgage System Processing gives lenders the ability to identify borrowers... Read More

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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