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<title>MortgageDaily.com - Mortgage News Headlines</title>

<description>Mortgage Industry News for the Mortgage Industry</description>

<link>http://www.mortgagedaily.com?spcode=rss</link>

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<title><![CDATA[Big Shakeup Among Ranks of Top-10 Lenders]]></title>

<link>http://www.mortgagedaily.com/Q3Ranking112309.asp?spcode=rss</link>

<description><![CDATA[An analysis by <i>MortgageDaily.com</i> of home loan production indicated that overall residential volume was 22% lower in the third-quarter than in the second quarter. Bank of America Corp. unseated Wells Fargo &amp; Co. as the biggest lender. Citigroup, which had ranked as the fourth biggest lender in the prior report, saw volume tumble by more than half -- the largest quarterly decline among the 10 biggest lenders -- leaving it as the sixth biggest lender in the third quarter.]]></description>

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<title><![CDATA[Banks &amp; Individuals Face Regulatory Actions]]></title>

<link>http://www.mortgagedaily.com/Regulatory112009.asp?spcode=rss</link>

<description><![CDATA[The Federal Reserve Board issued a Prompt Corrective Action Directive against Orion Bank. Formal agreements were reached between 11 institutions and their respective regulators. The National Credit Union Administration Board announced that prohibition orders were issued against six individuals.]]></description>

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<title><![CDATA[The Mortgage Insurance Insider]]></title>

<link>http://www.mortgagedaily.com/MortgageInsurance112009.asp?spcode=rss</link>

<description><![CDATA[Radian recently reported rate changes and indicated that delegated lenders must underwrite all loans before ordering mortgage insurance. But high-risk and exception loans can be submitted to Radian's service center for non-delegated underwriting. United Guaranty issued an announcement indicating its guidelines were updated to reflect previously announced changes policies for condominium, renovation, refinance and modification transactions. PMI Mortgage Insurance Co. said in a quarterly distressed markets policy update that four metropolitan statistical areas were removed from the distressed markets list.]]></description>

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<title><![CDATA[TILA Rule Applies to Individual Investors]]></title>

<link>http://www.mortgagedaily.com/PBTilaRule112009.asp?spcode=rss</link>

<description><![CDATA[The Federal Reserve Board published an interim final rule on the Truth-in-Lending Act. The rule requires that a notice be sent to the borrower when ownership of a mortgage changes hands. Individual investors who acquire more than one loan a year are subject to the rule.]]></description>

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<title><![CDATA[CA Bank Jumps to $3 Billion in '09 Originations]]></title>

<link>http://www.mortgagedaily.com/FremontProduction111909.asp?spcode=rss</link>

<description><![CDATA[Fremont Bank reported more than $3 billion in residential production so far this year. Volume is more than three times the level reached for all of 2008. The bank operates from Fremont, Calif.]]></description>

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