| ");document.write("Refis to Drag Down 2010 Originations Projected refinance originations for this year are expected to be around 50 percent lower than last year, iEmergent reported. Around 3 million refinance transaction are forecasted for 2010. Purchase volume is expected to decline around 5 percent from 2009. ");document.write("Further Deterioration in Jumbo Performance Last month, Lender Processing Services Inc. reported that overall residential delinquency of at least 60 days climbed more than 10 basis points in December. Within prime loans, those with current unpaid principal balances between $417,000 and $600,000 have performed the worst," the LPS report said. Now, Fitch Ratings reports that delinquency of at least 60 days on securitized prime jumbo loans rose 40 basis points during January. ");document.write("The Mortgage Leads Ledger Tree.com said in its 2010 guidance statement that it expects national consumer refinance activity to be lower, which hurt revenue from both LendingTree Loans and the Lending Exchange. Kaleidico announced its lead management software was being integrated with Google's AdWords Comparison Ads feature. Home-Account Mortgage Engine was utilized by Refinance.com, an announcement indicated. Leads360 recently announced partnerships with PCLender.com and TARGUSinfo. ");document.write("Ditech to Continue Advertising The New York Post reported that Ditech had not advertised for almost two months. But parent GMAC Financial Services has issued a new statement re-affirming its commitment to the Ditech business. GMAC said it plans "a dynamic mix of marketing and advertising" for Ditech including direct marketing, digital advertising and television commercials. ");document.write("1 Bank, 1 Mortgage Firm Fail The Minnesota Department of Commerce closed 1st American State Bank of Minnesota Friday and handed the failed institution over to the Federal Deposit Insurance Corporation as receiver. Community Development Bank, FSB, agreed to assumed all of the failed institution's deposits. The collapse of a deal for an Illinois bank to acquire AAXA Mortgage will result in the company's closing, according to an interview with AAXA's chief executive officer by WWAY NewsChannel 3.; ");document.write(" |