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Daily News

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HUD to Create Sustainability Office

The Department of Housing and Urban Development has created an office of sustainable housing that will work on improving energy-efficient homes and financing for those homes.

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Appraisal Service Integrates With Ellie Mae

Service 1st Valuation and Settlement Services Inc. has joined the Ellie Mae Network.

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Wells Endorses Another E-Sign Vendor

Wells Fargo Funding has authorized the use of Docu Prep's EESS product for digital signing documents.

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Canadian Housing Starts Rise

The seasonally adjusted annual rate of Canadian housing starts jumped to 186,300, suggesting an upward trend.

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FHA 4Q Originations Up 21%, Foreclosures Up 41%

Lenders originated $86.1 billion in FHA-insured single-family loans in the fourth quarter, up 21% from same quarter in 2008.

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Mortgage Marketing

From the Mortgage Marketing pages of Origination News, our sister publication:

Lessons from a Disney Movie

By Brad Finkelstein

Brad Finkelstein

There is one thing about fairy tales: there is always a life lesson involved, not only for the kids but for adults as well. Sometimes the lesson is obvious. In others, you find it only after you reflect on what you have heard or seen.

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Origination News

A featured story from Origination News, our sister publication:

Brokers Look to Innovations

By Lew Sichelman

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This publication held a roundtable discussion on the state of the mortgage brokering business with the following attendees at the National Association of Mortgage Brokers' recent NAMB/West conference: Jim Pair, president; Roy DeLoach, chief executive officer; Don Frommeyer, treasurer; Mike D'Alonzo, vice president; past president Marc Savitt, (he has since resigned from NAMB's board); and Bill Howe, president-elect.

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Video of the Day

Freddie Mac and 13 national and local non-profit organizations announced a pilot effort to convince discouraged delinquent borrowers to pursue mortgage workouts that can save their homes and steer clear of foreclosure. Freddie Mac's new Borrower Help Centers in Chicago, Phoenix, San Bernardino and Washington, DC are designed to provide free, confidential one-on-one "holistic" mortgage counseling to delinquent Freddie Mac borrowers.