OFIR Revokes Grand Blanc Mortgage Company’s License
LANSING, MI - September 17, 2009 - (RealEstateRama) -- The Office of Financial and Insurance Regulation (OFIR) has revoked the mortgage license of Grand Blanc-based Freedom Financial Mortgage Lending, LLC for violating the state’s Mortgage Brokers, Lenders and Servicers Licensing Act. Freedom Financial failed to comply with OFIR’s license renewal process and failed to cooperate with the agency while OFIR staff attempted to conduct an examination.Full article: OFIR Revokes Grand Blanc Mortgage Company’s License ...
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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...
