Mortgage
Home Mortgage
Owner of Liberty Mortgage Company in Elk Grove Convicted in Multi-Million-Dollar Mortgage Fraud Scheme
SACRAMENTO, CA - January 23, 2012 - (RealEstateRama) -- After a 10-day trial, a federal jury found Hoda Samuel, 60, of Elk Grove, guilty of a conspiracy to commit mortgage fraud and of 30 individual counts of mail fraud.
Are Cheaper Settlements Coming To Real Estate?
There's going to be less risk in the mortgage marketplace as a result of new rules just released by the government, but will there also be some rewards?
Corker Asks Regulators to Simplify, Synchronize Mortgage Lending Rules and Avoid Permanently Keeping Taxpayers...
WASHINGTON, DC - January 22, 2012 - (RealEstateRama) -- In a letter today, U.S. Senator Bob Corker, R-Tenn., a member of the Senate Banking, Housing and Urban Affairs Committee, urged federal banking regulators to simplify and synchronize underwriting ...
Hilliard Couple Pleads Guilty in $7 Million Mortgage Fraud Scheme
OLUMBUS, OH - January 22, 2012 - (RealEstateRama) -- Deborah L. Kistner, 50, and her husband, Mark A. Kistner, 52, both of Hilliard, pleaded guilty three days after their trial started to a $7 million mortgage fraud scheme they carried out between June...
Brown Reveals How Northwest Ohioans Will Be Affected By Deal Requiring Banks To Pay...
TOLEDO, OH - January 18, 2012 - (RealEstateRama) -- U.S. Sen. Sherrod Brown (D-OH) revealed how Ohioans will be affected by this month’s deal requiring banks to pay $8.5 billion to homeowners who were hurt by the mortgage crisis. Brown was joined at ...
Endorse funding the National Housing Trust Fund by supporting reforms to mortgage interest deduction
January 18, 2012 - (RealEstateRama) -- The National Low Income Housing Coalition proposes to modify the current mortgage interest tax break by reducing the size of a mortgage eligible for a tax break to $500,000, and to convert the deduction to a 15-20...
Attorney General Bondi Announces that $60 Million of the National Settlement Funds Are Available...
TALLAHASSEE, FL - January 18, 2012 - (RealEstateRama) -- Attorney General Pam Bondi announced today that $60 million of the national mortgage settlement with the nation’s five largest mortgage servicers will now be available to provide additional ass...
CRC Statement on Release of National Mortgage Servicing Standards by the Consumer Financial Protection...
January 17, 2012 - (RealEstateRama) -- Today, in response to the Consumer Financial Protection Bureau’s (CFPB) release of National Mortgage Servicing rules, the California Reinvestment Coalition’s Associate Director Kevin Stein released this statement
Attorney General DeWine Reminds Ohioans of January 18 National Mortgage Settlement Claim Deadline
COLUMBUS, OH - January 17, 2012 - (RealEstateRama) -- Ohio Attorney General Mike DeWine today reminded eligible Ohioans that January 18th is the deadline to submit claims for compensation to the National Mortgage Settlement Administrator. Pursuant to t...
Dublin Man Pleads Guilty in Mortgage Fraud Scheme
COLUMBUS - January 17, 2012 - (RealEstateRama) -- Gordon L. Yocom, 44, of Dublin, Ohio, pleaded guilty to conspiracy to commit money laundering for fraudulently obtaining a mortgage loan to finance the purchase of a real estate property in Powell, Ohio...
101 Servicers Participating in Keep Your Home California Mortgage Assistance Program
January 16, 2012 - (RealEstateRama) -- Keep Your Home California now has 101 mortgage servicers on board with their state-managed mortgage assistance program. More servicers participating means more low to moderate income homeowners can be helped throu...
Quicken Loans Celebrates 10th Consecutive Year on FORTUNE Magazine’s List of the ‘100 Best...
DETROIT, - January 16, 2012 - (RealEstateRama) -- Detroit-based Quicken Loans Inc., the nation’s largest online home lender and third largest retail mortgage lender, today announced it has been named to the top-30 of FORTUNE Magazine’s annual “10...
Mortgage Applications Increase in Latest MBA Weekly Survey
WASHINGTON, D.C. - January 16, 2012 - (RealEstateRama) -- Mortgage applications increased 15.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Janu...
Federal Reserve Board reaches agreements in principle with Goldman Sachs and Morgan Stanley to...
WASHINGTON, D.C. - January 16, 2012 - (RealEstateRama) -- Goldman Sachs and Morgan Stanley have reached agreements in principle with the Federal Reserve Board to pay $557 million in cash payments and other assistance to help mortgage borrowers.
Attorney General Bondi’s Office Begins Outbound Calls to Reach Borrowers Eligible for Cash Payments...
TALLAHASSEE, FL - January 16, 2012 - (RealEstateRama) -- Attorney General Pam Bondi’s office, working with Rust Consulting, Inc., has begun outbound calls to reach Florida borrowers who may be eligible for cash payments under the national mortgage se...
BROOKLYN REAL ESTATE DEVELOPER CHARGED IN $2 MILLION MORTGAGE FRAUD SCHEME
New York, NY - January 16, 2012 - (RealEstateRama) -- Brooklyn-based real estate developer Schelton Assoumou was arrested today on charges of bank fraud and wire fraud for his participation in a multi-year mortgage fraud scheme. The defendant’s initi...
MERS Wins Dismissal of Missouri Recording Fee Suit
Reston, Virginia - January 16, 2012 - (RealEstateRama) -- MERSCORP Holdings, Inc. today announced that U.S. District Senior Judge Ortrie D. Smith of the U.S. District Court for the Western District of Missouri, Western Division, ruled yesterday in favo...
Mortgage Fraud Co-Schemers Sentenced in Case That Crippled Pierce Commercial Bank
WASHINGTON, D.C. - January 15, 2012 - (RealEstateRama) -- Three Pierce County women who played important roles in a mortgage fraud scheme that crippled now defunct Pierce Commercial Bank were sentenced yesterday in U.S. District Court in Tacoma, announ...
Montgomery County Man Sentenced to Prison in Mortgage Fraud Conspiracy
GREENBELT, MD - January 15, 2012 - (RealEstateRama) -- U.S. District Judge Peter J. Messitte sentenced Dennis O. Edwards, age 49, of Silver Spring, Maryland, today to 21 months in prison, followed by three years of supervised release, for conspiracy to...
Brown Reveals How Ohioans Will Be Affected By Deal Requiring Banks To Pay $8.5...
COLUMBUS, OH - January 15, 2012 - (RealEstateRama) -- Today, U.S. Sen. Sherrod Brown (D-OH) revealed how Ohioans will be affected by this month’s deal requiring banks to pay $8.5 billion to homeowners who were hurt by the mortgage crisis. Brown was j...
In Wake Of Wrongful Foreclosures Settlement Deal, Brown Urges Fed and OCC To Maximize...
COLUMBUS, OH - January 15, 2012 - (RealEstateRama) -- In the wake of the settlement deal on wrongful foreclosures reached last week, U.S. Sen. Sherrod Brown (D-OH) today called on Federal Reserve Chairman Ben Bernanke and Comptroller of the Currency Th...
Mortgage Cadence Supports Qualified Mortgage Rules
WASHINGTON, D.C. - January 15, 2012 - (RealEstateRama) -- Mortgage Cadence LLC, a leading provider of Enterprise Lending Solutions (ELS), Document Services, Compliance and Default Servicing Technology for the financial services industry, announced toda...
Register Now for the 2013 NMLS Annual Conference and Training
Washington, DC - January 15, 2012 - (RealEstateRama) -- The fifth NMLS Annual Conference and Training will be held February 26 to March 1, 2013 in San Antonio, Texas. The Conference, which is open to media, is designed for both new and experienced use...
DEADLINE TO FILE FORECLOSURE CLAIMS IS JAN. 18
LITTLE ROCK - January 14, 2012 - (RealEstateRama) -- Attorney General Dustin McDaniel today reminded Arkansans who are eligible for one-time payments from the National Mortgage Settlement that Friday, Jan. 18, is the deadline to file claims to receive ...
Inlanta Intern – Learning the Ropes
Inlanta Mortgage has welcomed several new employees over the last year, but only one of them can call himself the “Super-Intern.” Although Super-Intern is an unofficial title, it really sums up how Jared Wittman’s internship at Inlanta Mortgage i...
MADIGAN: DEADLINE FOR FORECLOSURE SETTLEMENT CLAIMS JAN. 18
Chicago, IL - January 14, 2012 - (RealEstateRama) -- Attorney General Lisa Madigan today reminded eligible Illinois borrowers that the deadline to file a claim form to receive a payment under the National Mortgage Foreclosure Settlement is Friday, Janu...
Short Sale in 2013 To Avoid a Large Tax Bill
Las Vegas, NV - January 14, 2012 - (RealEstateRama) -- As part of the fiscal cliff deal, the Mortgage Debt Forgiveness Act of 2007 has been extended for one more year and will now expire on December 31, 2013. The relief act's extension was seen as vita...
Attorney General Koster reminds Missourians about deadline to file foreclosure claims from National Mortgage...
Jefferson City, MO - January 14, 2012 - (RealEstateRama) -- Attorney General Chris Koster is reminding Missourians whose homes were foreclosed on between January 1, 2008, and December 31, 2011, and who qualify under the National Mortgage Settlement, th...
AG Coakley Reminds Qualified Borrowers of Deadline for Foreclosure Settlement Claims Under National Settlement
BOSTON, MA - January 14, 2012 - (RealEstateRama) -- Attorney General Martha Coakley today reminded qualified borrowers who lost their homes to foreclosure that Friday, Jan. 18 is the deadline for filing claims for a one-time payment under the $25 billi...
Six Defendants Indicted in $4.5 Million Mortgage Fraud Scheme
BALTIMORE - January 14, 2012 - (RealEstateRama) -- A federal grand jury has indicted six defendants for conspiracy in a $4.5 million mortgage fraud scheme
