MortgageDaily.com - Mortgage News Headlines http://www.mortgagedaily.com?spcode=rss Mortgage Industry News for the Mortgage Industry Sat., 04 February 2012 01:38 GMT en-us <![CDATA[Mortgage Activity Up Again]]> http://www.mortgagedaily.com/MMI020312LP.asp?spcode=rss http://www.mortgagedaily.com/MMI020312LP.asp?spcode=rss Sat., 04 February 2012 01:38 GMT
The number of prospective borrowers who inquired about a mortgage rose 4 percent from last week, leaving the U.S. Mortgage Market Index from Mortech Inc. and Mortgage Daily for the seven days ended Feb. 3 at 270.

The index was 48 percent higher than the week ended Feb. 2, 2011.

]]> <![CDATA[Borrowers Successfully Stave Off Foreclosure]]> http://www.mortgagedaily.com/LitigationForeclosures020312LP.asp?spcode=rss http://www.mortgagedaily.com/LitigationForeclosures020312LP.asp?spcode=rss Fri., 03 February 2012 23:13 GMT
A foreclosure judgment in favor of U.S. Bank, N.A., as trustee against Julia Feltus was overturned by the District Court of Appeal of Florida, Second District, last Friday.

U.S. Bank had sought to re-establish a lost promissory note, and the court said that trial court erred because "U.S. Bank failed to show conclusively the absence of a genuine issue of material fact and that it was entitled to foreclosure as a matter of law."

]]> <![CDATA[New York Sues MERS, Members]]> http://www.mortgagedaily.com/LawsuitNyAg020312LP.asp?spcode=rss http://www.mortgagedaily.com/LawsuitNyAg020312LP.asp?spcode=rss Fri., 03 February 2012 18:44 GMT
The complaint was filed Friday in the Supreme Court of the State of New York by New York Attorney General Eric T. Schneiderman.

The state alleges that the defendants have been using MERS "in a wide range of deceptive and fraudulent foreclosure filings in New York state and federal courts, harming homeowners and undermining the integrity of the judicial foreclosure process."

]]> <![CDATA[Mortgage Jobs Hold as U.S. Data Point to Economic Recovery]]> http://www.mortgagedaily.com/Employment020312LP.asp?spcode=rss http://www.mortgagedaily.com/Employment020312LP.asp?spcode=rss Fri., 03 February 2012 15:14 GMT
The number of people working in the mortgage industry, including mortgage brokers and non-broker, fell less than 1 percent between November and December, according to government data released Friday.

Compared to December 2010, headcount in real estate finance was down 8 percent.

]]> <![CDATA[Record Low Rates Likely to Hold]]> http://www.mortgagedaily.com/Rates020212LP.asp?spcode=rss http://www.mortgagedaily.com/Rates020212LP.asp?spcode=rss Thu., 02 February 2012 23:13 GMT
The 30-year mortgage, 15-year mortgage and five-year, Treasury-indexed, hybrid adjustable-rate mortgage all fell to record lows.

This week's Treasury Market data suggests rates are likely to be about the same in next week's report.

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