INR Media Network


Tiptree Financial Acquires Majority interest in Luxury Mortgage Corporation

5:37 pm   -   February 8th, 2014

Tiptree Financial Inc. has recently completed its previously announced strategic transaction with Luxury Mortgage Corp. Under terms of the related transaction agreements Tiptree has acquired a majority interest in Luxury Mortgage and its previously funded senior secured term loan remains outstanding.

Luxury Mortgage expects to use the proceeds of the investment to expand operations through additional origination channels such as retail expansion and a new correspondent channel which will focus on acquiring prime credit jumbo loans. With Tiptree’s support, Luxury Mortgage will also pursue expansion opportunities through strategic alliances and strategic acquisitions in existing and new markets.

Michael Barnes, Executive Chairman of Tiptree, and Geoffrey Kauffman, CEO of Tiptree, joined Luxury Mortgage’s Board of Directors in connection with the transaction

RISKSPAN Hires Mortgage Industry Leader Brad Davis as Managing Director

12:53 pm   -   April 30th, 2013

To support the growth in its consulting sales and delivery activities, today RiskSpan President and CEO Bernadette Kogler announced the hiring of Brad Davis as Managing Director. (more…)

Trez Capital Senior Mortgage Investment Corporation Fully Deploys Capital from Recent IPO

12:52 pm   -   April 30th, 2013

Trez Capital Senior Mortgage Investment Corporation (the “Company” or “Senior MIC”) announced today that the net proceeds from its Initial Public Offering (“IPO”) have been fully deployed in 22 Canadian first mortgage loans. (more…)

Home Prices Rise in February 2013

12:51 pm   -   April 30th, 2013

Data through February 2013, released today by S&P Do (more…)

Mayflower Bancorp Reports Fourth Quarter And Annual Earnings

12:51 pm   -   April 30th, 2013

Mayflower Bancorp, Inc. (NASDAQ Global Market: MFLR), the holding company for Mayflower Bank, today reported net income of $297,000 or $0.14 per share the fourth quarter ended March 31, 2013, compared to earnings of $224,000 or $0.11 per share for the two-month period ended March 31, 2012. The diluted earnings per share were $0.14 and $0.11 respectively. (more…)

AllRegs to Publish Norcom Mortgage Lending Library of Mortgage Underwriting Guidelines

10:40 am   -   April 27th, 2013

AllRegs will publish Norcom Mortgage’s lending library of mortgage underwriting guidelines. Norcom Mortgage is going to leverage the AllRegs technology platform and publishing expertise to manage and maintain their retail and correspondent lending library of mortgage underwriting guidelines. (more…)

Low Mortgage Rates Driving Record Home Affordability

10:16 am   -   April 10th, 2013

Thanks to historically low interest rates, American homeowners paid almost 37 percent less per month in mortgage payments in the fourth quarter compared to pre-housing-bubble norms – even as homes themselves cost 14.5 percent more in the fourth quarter compared to historic averages relative to U.S. median incomes, according to leading online real estate marketplace Zillow®.


Zillow analyzed current and historic median home values as determined by the Zillow Home Value Index[i], and median income data from the U.S. Census and the Bureau of Labor Statistics, for more than 240 metro areas nationwide and the U.S. as a whole. Researchers used this data to calculate both an affordability index[ii] – measuring the portion of monthly income homeowners spend on mortgage payments – and a price-to-income ratio[iii], analyzing how much homes cost overall compared to annual incomes. (more…)

Data Shows Seasonal Increase in Loan Cures, Rise in Modification Activity After Decline

10:14 am   -   April 10th, 2013

The February Mortgage Monitor report released by Lender Processing Services (NYSE: LPS) found an increase in loan “cure” rates (those loans that were delinquent in the prior month and are now current). The majority of cures were on loans one-to-two months delinquent, with approximately 500,000 loans curing in February alone. As LPS Applied Analytics Senior Vice President Herb Blecher explained, these cures were not unusual, but rises seen in loans three-to-five months delinquent and foreclosure-initiated categories were unexpected. (more…)

Genpact Study: New Regulations and the Economy Act as Catalysts to Drive Streamlining of Processes in the Mortgage Industry

9:24 am   -   December 5th, 2012

A study sponsored by Genpact Limited (NYSE: G), a global leader in business process management and technology services, has found that new regulations and a challenging housing recovery environment will require mortgage providers to improve and streamline processes in the mortgage lending lifecycle. The research sought to determine key challenges and priorities facing the mortgage industry by surveying banking and mortgage professionals about their current and planned workflow technology solutions and processes, in addition to the systems used by loan servicers throughout the loss mitigation cycle. (more…)

LPS’ October Mortgage Monitor: Foreclosure Starts Down

9:18 am   -   December 5th, 2012

The October Mortgage Monitor report released by Lender Processing Services (NYSE: LPS) showed a significant decline in foreclosure starts for the last two months – down 21.9 percent in October and almost 48 percent on a year-over-year basis – leading to a nearly 7 percent drop in overall foreclosure inventory. However, as LPS Applied Analytics Senior Vice President Herb Blecher explained, this fall-off in foreclosure starts is likely a temporary phenomenon, driven by new borrower notification requirements called for in the National Mortgage Settlement. (more…)

Bankrate Says Mortgage Rates at New Record Lows

8:07 am   -   May 31st, 2012

This week brought yet another record low in mortgage rates, with the average 30-year fixed mortgage rate falling to the record low of 3.94 percent according to’s weekly national survey. The average 30-year fixed mortgage has an average of 0.46 discount and origination points. (more…)

MLV Expands REIT Research Team

9:14 am   -   March 20th, 2012

MLV & Co. announced recently that Zachary Tanenbaum has joined the firm’s equity research team from FBR Capital Markets. Mr. Tanenbaum will work closely with Ryan Meliker, MLV’s Senior REIT Analyst and will spearhead coverage of mortgage and Triple-Net REITs as well as the specialty finance sector. (more…)

Mortgage Rates Move Higher

8:40 am   -   March 15th, 2012

The average rate on the benchmark 30-year fixed mortgage rate increased for a second straight week, rising to 4.15 percent, according to’s weekly national survey. The average 30-year fixed mortgage has an average of 0.40 discount and origination points. (more…)

Appraisal Institute Advises U.S. Sentencing Commission to Require Appraisals

10:19 am   -   March 14th, 2012

Speaking at a hearing in Washington, D.C., the Appraisal Institute recently urged a federal judicial agency to require the use of real estate appraisals when calculating loss in mortgage fraud cases. The Appraisal Institute is the nation’s largest professional association of real estate appraisers. (more…)

Freddie Mac Reports Fourth Quarter and Full-year 2011 Financial Results

9:51 am   -   March 12th, 2012

Freddie Mac (OTC: FMCC) today reported its fourth quarter and full-year 2011 financial results and filed its 2011 annual report on Form 10-K with the U.S. Securities and Exchange Commission. The company’s SEC filing and press release are available now on the company’s website,, along with these related materials: (more…)

M&I Offers Helpful Tips for First Time Homebuyers

9:31 am   -   March 8th, 2012

Traditionally, spring marks a busy period of time for housing market activity in Indiana. With the heat of summer only weeks away, M&I, a part of BMO Financial Group, offers first-time homebuyers strategies for finding their ideal home while keeping financial priorities in check. (more…)

FHFA Acting Director Edward DeMarco and HUD Secretary Shaun Donovan Join National Journal’s Policy Summit

6:49 pm   -   February 28th, 2012

According to CoreLogic, 10.7 million, or 22.1 percent, of all residential properties were in negative equity at the end of September 2011. Is the debate in Washington on the right course to help homeowners struggling with affordability problems and homes worth less than their mortgage? (more…)

Fannie Mae Prices New Issue 5-Year Benchmark Notes® due April 27, 2017

6:48 pm   -   February 28th, 2012

The following is being issued by Fannie Mae (OTC Bulletin Board: FNMA):

Application will be made to list the securities on the EuroMTF market of the Luxembourg Stock Exchange (more…)

Mortgage Rates Climb to 1-Month High

9:42 am   -   February 23rd, 2012

The average rate on the benchmark 30-year fixed mortgage rate climbed to a one-month high of 4.16 percent, according to’s weekly national survey. The average 30-year fixed mortgage has an average of 0.39 discount and origination points. (more…)

Take Quick loan to refinance your mortgage quickly

9:16 pm   -   September 27th, 2011

If you are lagging behind in paying off your mortgage, Quicken loan may be a great way out for you. Quicken is a financial corporation ranked no 5th among various U.S based organization dealing with loan mortgage resettlement. Their low rate mortgage refinancing loan programs with handy on-line solution literally embrace all types and categories of credit holders. Thanks to I phone App that allows you to track all the rates of your choice and convenience. (more…)