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MortgageDaily – FDIC Orders Jump
The Federal Deposit Insurance Corporation reported that it processed 86 matters in October. Actions against federally insured banks and thrifts soared from 48 reported for September. During October 2008, the FDIC processed just 40 actions.Read more...
MortgageDaily – New Execs at Reverse Lender, Net Branch & Other Firms
Next Generation Financial Services announced last week that it has a new chief executive officer: Robert Cannon. The company originates reverse mortgages. NetMore America Inc. announced that John Cassell was hired as the newly created senior vice p...
MortgageDaily – 3 Services Providers Hire New CEOsk
Timothy M. Walsh was appointed president of UnitedTech Lender Services Inc. Aklero Process Solutions Inc. said in a news release that Brian K. Fitzpatrick was hired as president and chief executive officer. Sandeep Sahai will take over as president...
MortgageDaily – Credit Unions Growing
First mortgage assets at federally insured credit unions increased 4 percent from the end of last year, the National Credit Union Administration reported. Total assets were up 8 percent. Between the second quarter and the third quarter, credit union...
MortgageDaily – Lower Acquisitions, Record Delinquency at Fannie
October new business acquisitions at Fannie Mae fell 15 percent from the previous month. Residential delinquency, reported on a one-month lag, climbed 27 basis points during September, the secondary lender said. The rate of delinquency was the highe...
MortgageDaily – More Multifamily Lenders Closing Less Loans
Multifamily originations during 2008 was down 41 percent from the previous year, the Mortgage Bankers Association reported. At the same time, the number of multifamily lenders rose 5 percent. Still, MBA commercial executive Jamie Woodwell called mor...

