Georgia Department of Banking and Finance Announces Multi-State Settlement with Taylor, Bean & Whitaker Mortgage Corporation
Atlanta, GA - June 23, 2009 - (RealEstateRama) — The Georgia Department of Banking and Finance (Department) today announced a major agreement with Taylor, Bean & Whitaker Mortgage Corporation (TBW) regarding its mortgage lending practices for so-called “nontraditional” loans made in 2006. This agreement will result in a detailed review of TBW’s nontraditional loan exceptions, the adoption of the federal loan modification program to assist struggling homeowners, and the payment of $9 million to assist the states in their oversight of mortgage origination practicesNo related posts.
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- MBA Statement on President Obama’s Housing Announcement
WASHINGTON, D.C. - February 2, 2012 - (RealEstateRama) -- David H. Stevens, President and CEO of the Mortgage Bankers Association (MBA), today issued the following statement reacting to the housing plan outlined by President Obama in a speech in Virginia today.
- FHFA Announces Interested Investors May Pre-Qualify For REO Initiative
Washington, DC - February 1, 2012 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) today announced the first step of a Real-Estate Owned (REO) Initiative targeted to hardest-hit metropolitan areas announced in August 2011. Investors interested in participating may “pre-qualify” to establish eligibility to bid on transactions in the initial pilot phase as well as subsequent phases
- Foreclosure Inventory To Bring Out Bargain Hunters Says Meridian Real Estate Agent John Espinosa
MERIDIAN, ID - February 1, 2012 - (RealEstateRama) -- Meridian REALTOR® John Espinosa sees foreclosure inventory of bank owned homes likely continuing to bring out bargain hunters through 2012, bringing with it exceptional prices.
- Nevada Short Sales | Is Time Running Out For Nevada Homeowners?
Las Vegas, NV - February 1, 2012 - (RealEstateRama) -- If you’ve been thinking about doing a short sale on your Nevada home, you might want to hurry up. The time is limited for homeowners who want to ensure they aren’t hit with a big tax bill becau...
- The QWR Attack! Mobile App Better Tactic To Challenge Mortgage Foreclosure
Atlanta, GA - January 31, 2012 - (RealEstateRama) -- Announced today QWR Attack! is the new mobile application on the Android Market to challenge mortgage foreclosures. Designed to help mortgage borrowers create a qualified written request to reconcile issues concerning a mortgage loan over enforceable security interest authority.
- CHFA Mortgage Rate hits a historic low of 3.250%
ROCKY HILL, CT - January 31, 2012 - (RealEstateRama) -- The Connecticut Housing Finance Authority (CHFA) provides below-market rate mortgages to first- time homebuyers in the state. In January, CHFA’s interest rate dropped to a record low of 3.250 percent for a 30-year fixed mortgage. “The interest rate has been gradually decreasing this year, but this is the lowest rate in the 42-year history of CHFA,” said John Craford, Executive Vice President. According to a recent Freddie Mac survey, the nationwide 30-year fixed rate mortgage average was 3.88 percent, down from 4.74 percent at the same time last year.
- Two Defendants Indicted for Home Equity Loan Fraud
SACRAMENTO, CA - January 30, 2012 - (RealEstateRama) -- United States Attorney Benjamin B. Wagner announced that a federal grand jury returned an indictment yesterday charging two defendants with mail fraud and money laundering in connection with a mor...
