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Local Real Estate Agent and Eight Other Industry Professionals Charged in Massive Mortgage Fraud Scheme That Caused at Least $15 Million in Losses
February 22, 2012 Posted by California RealEstateRama
February 22, 2012 – (RealEstateRama) — United States Attorney Laura E. Duffy announced the unsealing of an indictment today charging a local real estate agent, Eric Elegado, and eight other mortgage industry professionals—Charmagne Elegado, Theodore…
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Mortgage Applications Decrease in Latest MBA Weekly Survey
February 22, 2012 Posted by MBA
WASHINGTON, D.C. – February 22, 2012 – (RealEstateRama) — Mortgage applications decreased 4.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Febr…
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VA Participates in Settlement with Mortgage Banks
February 17, 2012 Posted by RealEstateRama
WASHINGTON, DC – February 17, 2012 – (RealEstateRama) — The Department of Veterans Affairs announced its participation in the largest state-federal legal settlement in history that deals with problems within the mortgage industry.
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Delinquencies and Foreclosures Decline in Latest MBA Mortgage Delinquency Survey
February 16, 2012 Posted by MBA
WASHINGTON, D.C. – February 16, 2012 – (RealEstateRama) — The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 7.58 percent of all loans outstanding as of the end of the fourth q…
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FEDERAL GOVERNMENT SETTLES FRAUD LAWSUIT AGAINST CITIMORTGAGE, INC. FOR RECKLESS MORTGAGE LENDING PRACTICES
February 16, 2012 Posted by HUD
WASHINGTON, D.C. – February 16, 2012 – (RealEstateRama) — Preet Bharara, the United States Attorney for the Southern District of New York, Helen Kanovsky, General Counsel of the U.S. Department of Housing and Urban Development (“HUD”), and David A…
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Major Mortgage Relief for Georgia Homeowners
February 15, 2012 Posted by Georgia RealEstateRama
Washington, DC – February 15, 2012 – (RealEstateRama) — Federal and state governments recently settled a major agreement with the country’s five largest mortgage servicers: Ally/GMAC, Bank of America, Citi, JPMorgan Chase and Wells Fargo.
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Operators of Mortgage Loan Modification Business Plead Guilty to Conspiracy to Commit Fraud
February 15, 2012 Posted by California RealEstateRama
SAN DIEGO, CA – February 15, 2012 – (RealEstateRama) — Three individuals charged with conspiracy to commit wire fraud and mail fraud for their roles in operating a fraudulent mortgage loan modification business pled guilty today in federal court in Sa…
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Purchase Applications Decrease in Latest MBA Weekly Survey
February 15, 2012 Posted by MBA
WASHINGTON, D.C. – February 15, 2012 – (RealEstateRama) — Mortgage applications decreased 1.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Febr…
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FTC Action Leads to Ban on Alleged Mortgage Relief Scammers Who Harmed Thousands of Consumers
February 14, 2012 Posted by Federal Trade Commission
WASHINGTON, D.C. – February 14, 2012 – (RealEstateRama) — At the request of the Federal Trade Commission, a U.S. district court put the mortgage relief business permanently off limits to marketers who allegedly charged thousands of consumers up to $2,…
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Biden, Federal Officials Highlight Mortgage Settlement Protections for Military
February 13, 2012 Posted by Delaware RealEstateRama
Wilmington, AR – February 13, 2012 – (RealEstateRama) — The men and women serving in America’s military will gain important new protections under the multistate mortgage foreclosure settlement reached this week, Delaware Attorney General Beau and tw…
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