Industry News for Aug 20 (scroll down)

HUD Eases Loan Modification Pr...
Mortgagees can now use the Treasury 10-year constant maturity as a basis for establishing the maximum interest rate for loan modifications, according ...

IndyMac Pursues Wide-Scale Alt...
The Federal Deposit Insurance Corporation announced that IndyMac Federal Bank FSB will implement a new program to systematically modify troubled Alt-A...

N.C. Trade Group Clarifies YSP...
North Carolina's governor announced he signed House Bill 2188, which eliminates rate spread premiums. The North Carolina Association of Mortgage Prof...