AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Hazard Insurance.
Last year turned out to be a pretty benign one in terms of the risks that most lenders worry about destroying collateral value. The hurricane season was fairly benign. With the devastating 2005 hurricane season still on the industry's minds, that was a welcome relief. There were no major earthquakes. Lenders still had to manage the usual host of perils, including fires and floods, but for the most part, the patient didn't show any signs of deterioration.
But there's a reason that lenders and investors require property insurance for all the home loans that are made. One easy hurricane season doesn't mean the risk has diminished. In fact, an easy year helps insurers build reserves for the more troubling times.
Just last month, experts from the U.S. Geological Survey predicted that the state of California faces a nearly 50% chance of experiencing an earthquake with a magnitude of 7.5 or higher within the next 30 years. The chance ...
- Irwin Unloads $19B of MSRs.(Irwin Mortgage)(Mortgage Servicing...
- Magazine article from: Mortgage Servicing News Muolo, Paul November 1, 2006 700+ words
...portfolio, investment banking sources have told Mortgage Servicing News. The sale was made public in early October but the parties...effectively within another organization." (c) 2006 Mortgage Servicing News and SourceMedia, Inc. All Rights Reserved. http...
- Servicing Deals Are Heating Up.(Mortgage Servicing News )
- Magazine article from: Mortgage Servicing News February 1, 2005 700+ words
...bulk" market for residential servicing rights is finally showing some signs of life. But will it last? As Mortgage Servicing News went to press, General Electric had finally unloaded the last chunk of its residential servicing portfolio, selling about...
- Equipment Maintenance & Servicing.(News Briefs)
- Magazine article from: Bank Systems + Technology January 1, 1998 700+ words
ATM De La Rue Cash Systems 308 29th St. NE, Cedar Rapids, IA 52402; Contact: Gary Mroz, Sr. V.P. Field Operations 319/369-5000, Fax: 319/366-7608 De La Rue Cash Systems De La Rue is the world's leading cash to cards group involved in the production of over 150 national currencies and a wide range
- Cenlar Tackles HomeSaver Servicing.(News)
- Magazine article from: National Mortgage News July 13, 2009 700+ words
TRENTON, NJ-Fannie Mae has hired Cenlar, a Trenton, N.J., thrift, to service all newly written unsecured loans made under the government-sponsored enterprise's HomeSaver Advance program beginning Friday. Fannie has been using Dyck O'Neal Inc., an Arlington, Tex., collection agency, to service the
- Preventing Fraud from Migrating to Servicing.(News)
- Magazine article from: National Mortgage News November 30, 2009 700+ words
Byline: Jennifer Harmon DALLAS-Fraud often morphs to take advantage of the current market, and states with high foreclosure rates are seeing the highest fraud risk because that is where the market is now. Mortgage fraud schemes today tend to concentrate on REO properties in the short-sale market or
- The art of specialist mortgage servicing. (News).(mortgage processing services...
- Magazine article from: Australian Banking & Finance Tuttle, Patrick April 30, 2002 700+ words
OUTSOURCING SUPPORT FOR THE processing of mortgages has become one of the most important management decisions faced by Australian lending institutions. Driving the growing mortgage servicing sector are two major pillars which underpin the success of all lending institutions: customer relationships
- Wells, BoA Dominate Ginnie Mae Servicing.(News)
- Magazine article from: Mortgage Servicing News October 1, 2009 700+ words
Byline: Paul Muolo Washington-Wells Fargo Home Mortgage and Bank of America continued to dominate the GNMA servicing business in the second quarter, achieving a combined market share north of 46%, according to figures released by the Government National Mortgage Association. Wells serviced $192
- Counseling and Mortgages 'Symbiotic'; Sign Up for Mortgage Servicing News...
- Magazine article from: Mortgage Servicing News June 1, 2009 700+ words
Byline: Amilda Dymi One of the most tangible lessons the industry and borrowers appear to have learned from the foreclosure crisis is that counseling is a symbiotic partner to mortgage finance. Demand is energizing the marketplace. Government programs and nonprofits no longer are the main customer
Source: HighBeam Research, Hazard Insurance.