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Region Owners Offer Multiple Services to Attract More Investors (Denver, CO – November 29, 2010) – RE/MAX has expanded its worldwide reach by adding the Caribbean country of Dominica to the organization. New Broker/Owners Alistair and Ann Grell have opened RE/MAX Millenia Realty in Roseau, Dominica’s capital city. The new RE/MAX office is part of the Millenia Group – an architectural, engineering and environmental services firm that has been serving Dominica since 2004. |
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HUD - David H. Stevens - Over the past several days, it has been widely reported that there are deficiencies in the foreclosure documentation process used by mortgage servicers. In light of these reports, I strongly urge every FHA-approved servicer to immediately conduct a full review of its servicing operations and procedures to ensure full compliance with all HUD requirements. Read Article... |
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FDIC - The Federal Financial Institutions Examination Council (FFIEC) today announced the availability of data on mortgage lending transactions at 8,124 U.S. financial institutions covered by the Home Mortgage Disclosure Act (HMDA). Covered institutions include banks, savings associations, credit unions, and mortgage companies. The HMDA data made available today cover 2009 lending activity--applications, originations, purchases of loans, denials, and other actions such as incomplete or withdrawn applications. Read Article... |
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HUD.gov - WASHINGTON – U.S. Housing and Urban Development Secretary Shaun Donovan today awarded an additional $1 billion in funding to all states along with a number of counties and local communities struggling to reverse the effects of the foreclosure crisis.
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DocMagic Compliance Alert With one month of living with the new RESPA 2010 rule under our belts, many of the issues that seemed so daunting just a short time ago are gradually being resolved. Undoubtedly, many of the remaining issues will be resolved in the upcoming days and weeks as the industry becomes more familiar with the effects of the new RESPA 2010 rule. In response to recent clarifications from the Housing and Urban Development (HUD) (including, without limitation, HUD’s latest RESPA FAQs, dated January 30, 2009 and direct conversations with HUD representatives), feedback from our LOS partners and DocMagic customers who use LOS’s, and interactions with compliance professionals in the residential mortgage lending industry, DocMagic has enhanced its software accordingly as specifically described here. Should you have any questions about this change, please contact us at 800-649-1362. Sincerely,
Your DocMagic Team |
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