Originator Compensation FAQs Part VI; Conventional ARMs Attracting Loan Apps; Temporary Buydowns Suspended; Ally Financials

Hot news from AZ Home Help:

Posted To: Pipeline Press

There have been eleven bank closures so far in 2011, four of which occurred last Friday. The First State Bank (OK) was sold to Bank 7 (OK), Evergreen State Bank (WI) was sold to McFarland State Bank (also of WI), FirstTier Bank (CO) was placed into the FDIC-created Deposit Insurance National bank of Louisville, which will remain open until Feb 28 to give depositors time to open accounts at other banks, and lastly First Community Bank (NM) was sold to US Bank (MN). Wells Fargo said it will cut temporary 145 employees from its wholesale mortgage lending division. FULL STORY But hiring continues. Weichert Financial Services/Mortgage Access , a privately held, top real estate affiliated mortgage company, licensed in 43 states with a significant Northeast presence, is actively hiring licensed loan...(read more)

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Source: www.mortgagenewsdaily.com

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