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    • mortgage banking news

    Ally not looking to sell US auto lending-CEO

    21.05.12

    At the same time, the bankruptcy judge overseeing the hearing raised questions about the mortgage lender's plans to halt all home equity loans to its retail customers while in Chapter 11. ResCap attorney Lorenzo Marinuzzi said in court that the company cannot afford the possible total payout of $400 million if the outstanding home equity lines were drawn down.


    Source: Reuters

    LoanSifter Announces 22 Consecutive Quarters Of Growth Dating Back To 2006

    21.05.12

    APPLETON, Wis., May 15, 2012 /PRNewswire via COMTEX/ -- LoanSifter, Inc. ( www.LoanSifter.com ), the leading provider of product eligibility and pricing software solutions for the mortgage banking industry, announced it has completed 22 straight quarters of revenue growth, an impressive achievement for any company let alone one launched before the 2007 mortgage market collapse. First quarter 2012 revenues exceeded fourth quarter 2011 revenues by 11.6%.


    Source: MarketWatch (press release)

    RateSupermarket.ca Empowers Canadian Consumers With New Bank Account and ...

    21.05.12

    TORONTO, ONTARIO, May 15, 2012 (MARKETWIRE via COMTEX) -- While most people don't rely on interest from bank accounts to secure their financial futures, everyone needs one to be able to access cash for day-to-day expenses. Though bank accounts are not typically considered to be financial growth vehicles, there is no reason that consumers shouldn't maximize earnings wherever possible.


    Source: MarketWatch (press release)