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Thursday, October 29th, 2009 at 7:32 am   Leave your comment Capital Mortgage Services originates loans in 18 states and is licensed to service loans in 27 states. We uncovered 2 phone numbers, a website, and some customer complaints.Capital Mortgage Services Website and Phone ContactsWebsite: www.capitalmort.comPhone: (806) 796-7231Additional Phone Numbers: (800) 613-4408Fax Number: (806) 791-5403Address: 4212 50th St, Lubbock, TX 79413-3810.Capital Mortgage Services ReviewAccording to their website:“Capital Mortgage Services has been carefully nurtured by Linda and Royce Lewis.

By MARTIN VAUGHAN and JOHN D. MCKINNONOCTOBER 23, 2009 – Tens of thousands of people submitted suspicious — and possibly fraudulent — claims for a federal tax credit meant for first-time home buyers, tax officials told Congress Thursday.The Treasury tax-oversight office said at least 19,000 filers who hadn’t bought homes claimed $139 million in tax credits and were reimbursed, raising new worries about the housing stimulus as lawmakers consider extending the credit.Treasury oversight officials

Stock markets fell broadly in Asia on Thursday after weak new U.S. home sales data revived fears that the global economic recovery is faltering.Sales of newly built single-family homes unexpectedly fell 3.6 percent last month, according to a U.S. Commerce Department report. Separately, data from the Mortgage Bankers Association showed demand for mortgages has fallen for the past three weeks.The data rattled U.S. markets, with the Dow Jones industrial average dropping 119.48 points, or 1.2 percent, to close at 9,762.69.

It must be something in the water. The ruling Democrats know their tax-hiking, re-regulating, and big-spending policies have failed to rejuvenate job-creation or reduce the unemployment rate. And yet they persist in trying more of the same.Related Posts:Club for Growth on the budgetReuters, Mortgage Bankers Association: 12 percent of U.S.

home buyer tax credit extension A extension of the $8,000 federal tax credit for first-time homebuyers could be coming on the back of an unemployment-benefits measure. “There’s general agreement by a significant number of senators, Democrats and Republicans” to tack the tax-credit extension on to the extension of unemployment benefits, Senate Majority Leader Harry Reid told Bloomberg.com. The bill could go to debate this week. See the full story here. “Let’s get this done and we’ll move on,” Reid said in the Bloomberg story.

Dear CIGAs, Don’t worry. Everything is going to be as we anticipated it.   Jim Sinclair’s Commentary The recent new derivative regulations exempt those large dealers that claim the status as hedgers. I suspect the Saudis drop of West Texas Intermediate as the measure of price is a step away from the huge US interest that with the use of highly sophisticated computer programs and infinite finance are able to adjust the price of world energy. Any move away is an effort to untangle that relationship.

October 28 2009 – The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending October 23, 2009. The Market Composite Index, a measure of mortgage loan application volume, decreased 12.3 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 2.8 percent compared with the previous week, which included the Columbus Day holiday.

RISMEDIA, Oct 29, 2009—The Mortgage Bankers Association (MBA) expelled the Weekly Mortgage Applications Survey for the week finale Oct 23, 2009. The Market Composite Index, the magnitude of debt loan focus volume, decreased 12.3% upon the seasonally practiced basement from a single week earlier

RISMEDIA, October 29, 2009—The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending October 23, 2009. The Market Composite Index, a measure of mortgage loan application volume, decreased 12.3% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 2.8% compared with the previous week, which included the Columbus Day holiday.  The Refinance Index decreased 16.2% from the previous week and the seasonally adjusted Purchase Index decreased 5.2% from one week earlier.

As expected, mortgage application activity was lower in response to mortgage rate levels above 5%. For the week ending Oct. 23, the Mortgage Bankers Association (MBA) reported the Refinance Index fell 16.2% to about 2353, while the Purchase Index … View original story…

Dismantling America Just one year ago, would you have believed that an unelected government official, not even a Cabinet member confirmed by the Senate but simply one of the many “czars” appointed by the President, could arbitrarily cut the pay of executives in private businesses by 50 percent or 90 percent? Did you think that another “czar” would be talking about restricting talk radio? That there would be plans afloat to subsidize newspapers– that is, to create a situation where some newspapers’ survival would depend on the government liking what they publish?

Another week into autumn, another sluggish week in the mortgage biz. Mortgage application volume fell 12.3 percent on a seasonally adjusted basis (-2.8 percent unadjusted) for the week ending October 23, according to the Mortgage Bankers Association. The refinance index slid 16.2 percent compared with the previous week, while the seasonally adjusted purchase index was off 5.2 [...]

In an unlikely scenario last week, mortgage applications slipped despite current mortgage rates edging lower toward 5%. For the third consecutive week, mortgage applications fell, with a decline of 12.3% from the week prior for the week ending Friday, October 23, 2009. Many industry experts believe the drop in mortgage application activity is due largely to the looming expiration of the $8,000 first-time homebuyer tax credit . The uncertain future surrounding the popular tax credit has left a void in purchase transactions.

You probably remember the line about porridge from Goldilocks: It wasn’t too hot, it wasn’t too cold, it was … just right. Well, you could make that point about some of the latest housing and real estate numbers. Last week’s new housing starts were reported by the media as further evidence of the deep hole the home building industry is in: Starts were up by barely half a percent nationwide, and permits for future construction were down.

Hurt pride: Mortgage bankers group forced to sell it headquarters Examiner.com I do not dispute that it was foolish for a trade association to make a foray into commercial real estate ownership. How does that support their core … and more »

Hurt pride: Mortgage bankers group forced to sell headquarters Examiner.com I do not dispute that it was foolish for a trade association to make a foray into commercial real estate ownership. How does that support their core … and more »

TOP STORIES Fears of a New Chill in Home Sales – NY Times Weak Dollar Is Protectionist Barrier: Bill Gross – CNBC ‘Jobs Created or Saved’ Is White House Fantasy – Baum, Bloomberg Pay czar Feinberg increased base pay at U.S. firms: report – Reuters Bond Weakling California Shows States’ Failure to Disclose Debt – Bloomberg Housing slump hits California timber industry like a buzz saw – LA Times Enablers of the Housing Bubble – Delong’s Semi-Daily Journal Protests at US bankers’ convention – Guardian Get these links delivered to your inbox every day.

(WASHINGTON, DC) — The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending October 23, 2009. The Market Composite Index, a measure of mortgage loan application volume, … …

Three of the biggest housing lobby groups around want the $8,000 tax credit for first-time homebuyers to not end, as scheduled, on Nov. 30.“Although we are seeing some improvement in the housing market, it is essential that the favorable impact of the first-time homebuyer credit be sustained beyond the upcoming expiration date,” the trio of trade groups wrote Monday to Treasury Secretary Tim Geithner, HUD secretary Shaun Donovan and National Economic Council Chair Lawrence Summers.The powerful

A new trade group is emerging to advocate the interests of community mortgage bankers. The Community Mortgage Lenders of America is a lobbying, advocacy and regulatory counseling organization for independent, community, mortgage bankers, both banks and non-banks, founder Scott Stern told HousingWire. Stern is the CEO of the Lenders One mortgage cooperative, a national alliance of independent [...]

Kiplinger: Defending your business online can be a matter of survival. Companies that ignore damaging and often malicious attacks are taking a big risk. And the danger is growing as negative comments are increasingly being posted online in blogs, chat rooms, online industry forum boards and consumer protection and public service sites. Even small and medium-size businesses are being attacked, not just the bigger, more obvious targets of consumer displeasure, such as large insurance companies and mortgage bankers.

NYLX redefines product pricing eligibility through expanded capabilities that increase the effectiveness of the origination workflow from point of sale through secondary marketing. Mt. Arlington, NJ (PRWEB) October 6, 2009 — NYLX , a leading provider of automated mortgage data applications solutions, announced its newest release and an enhanced platform for LoanDecisions software. LoanDecisions v4.0 takes product pricing and eligibility to the next level of price decisioning for point of sale through secondary marketing.

Mortgage demand falls despite lower rates U.S. mortgage applications fell last week despite the lowest loan rates in four months, the Mortgage Bankers Association said.

Item #HL90013 Promotional Homes Calendar You’ll want to take a closer look at these Dream Homes, featuring thirteen beautiful homes with fabulous landscaping and lovely interiors. Popular for real estate, mortgage bankers, architects and home builders, landscapers and more. Stapled. High quality gloss stock. 13 month calendar, color photos and pad. Size: 10 1/2 x 18, opened; 10 1/2 x 10, closed. 9 x 1 3/8 black imprint included 3-year calendar review and space for recording telephone numbers on back cover.

FROM THE COMMENT SECTION THANK YOU ANDREW): I THINK HE’S GOT IT! There is no getting away from the fact that the lender is the investor and that anyone else whose name was inserted in the documentation did so not only without authority but as an intentional misrepresentation as part of a fraudulent scheme to sell financial products at huge profits to homeowners and investors based upon false representations as to both quality and value.As it looks from the outside, as the lenders never registered

Financial Bust Connected to Illegal Alien Mortgages – HUMAN EVENTS By:  William Campenni In the Medieval era — when the periodic table of the elements was comprised of only Fire, Earth, Air, and Water — alchemists posited the existence of a fifth magical substance, Quintessence, which when mixed in combinations of the other four would create every other form of matter.

Today, along with the United Nations, world leaders, philanthropists, small business owners, and young children, we celebrate and advocate the basic human right to adequate shelter. Today, we celebrate World Habitat Day 2009. In 1986, the United Nations declared that every first Monday of October would be set aside to commemorate the need for housing development around the world.

Mortgage Refinance With Bad Credit: Reveal All The Hidden Secrets Here! by Asem EltaherRemembering, “08 home mortgage topics?; we see that many of the same concerns in ‘09 circle around high payments. Property owners having difficulties paying installments are accumulating negative credit. Homeowners are leaning on the mortgage refinance with bad credit program.The newest data from the Mortgage Bankers Association reveals fewer foreclosures are being reported.

To Our Community Bank Clients and Friends, We get asked a lot about the profitability of warehouse lending for a community bank, one that wants to do it on a fairly small scale.  Here’s an example of a bank that wants to do million in lines, probably spread among 3-4 mortgage bank customers.Let assume a 3% spread, even though you’ll probably do better.  On million, that’s 0,000 a year or ,000 a month.Let’s assume average mortgage balances of 0,000.  On million, that would be 50 loans, and

    To Our Community Bank Clients and Friends, We get asked a lot about the profitability of warehouse lending for a community bank, one that wants to do it on a fairly small scale.  Here’s an example of a bank that wants to do $10 million in lines, probably spread among 3-4 mortgage bank customers. Let assume a 3% spread, even though you’ll probably do better.  On $10 million, that’s $300,000 a year or $25,000 a month.

How long will this real estate downturn last?…often asked of me. It seems like every day someone comes up and asks, “how long is this real estate downturn going to last?”. This is a good questions, and none of us has the crystal ball to forecast the future, but some of the experts are giving us some ideas on where they see the market going. A few weeks ago, one of the officers of the Mortgage Bankers Association at a conference in Denver, CO put some current conditions in perspective.

by Asem Eltaher Remembering, “08 home mortgage topics?; we see that many of the same concerns in ‘09 circle around high payments. Property owners having difficulties paying installments are accumulating negative credit. Homeowners are leaning on the mortgage refinance with bad credit program. The newest data from the Mortgage Bankers Association reveals fewer foreclosures are being reported. Unless there are new strategies for relief the rise could be higher than now by the year 2011.

Mortgage rates remained below 5% for the second week in a row, yet the low rates fail to spur increased appetite for refinancing, new loans, or purchases, an industry survey said Wednesday. The Mortgage Bankers Association said the average rate for a 30-year mortgage fell three basis points to 4.94% in the week ending September [...]

The United Nations has designated the first Monday each October as  World Habitat Day. This year on Oct. 5 in Washington, D.C. and around the world, please join Habitat for Humanity in support of this global observance as we come together and declare that the lack of decent, affordable housing is unacceptable. Let’s stand up on World Habitat Day and let it be known that affordable, adequate housing should be a priority everywhere—in our communities, in our towns, in our country, in our world.

MortgageSeveral small independent mortgage banks have been forced out of business during the past two years due to the challenges of obtaining short-term credit. Recently two new trade groups have been established in response to the closures.The Community Mortgage Lenders of America and the Community Mortgage Banking Project plan to lobby on behalf of local mortgage banks and lenders that are not owned by large banking companies, such as Wells Fargo and Chase.