Mortgage
Home Mortgage
Attorney General Kamala D. Harris Announces the California Homeowner Bill of Rights to Take...
SACRAMENTO, CA - December 21, 2012 - (RealEstateRama) -- Attorney General Kamala D. Harris today announced that the California Homeowner Bill of Rights, a landmark package of legislation that extends key mortgage and foreclosure protections to Californ...
TWO NEW VHFA BOND DEALS WILL FINANCE HUNDREDS OF VERMONT HOME PURCHASES AND PRESERVE...
BURLINGTON - December 21, 2012 - (RealEstateRama) -- Vermont Housing Finance Agency (VHFA) has taken two big steps towards making housing more affordable in the Green Mountain State.
Record Low Mortgage Rates Contribute to Strong HARP Volume Report Includes State-Level HARP Data
Washington, D.C. - December 20, 2012 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) today released its October Refinance Report, which shows that Fannie Mae and Freddie Mac have refinanced more than 1.8 million loans through the Home A...
Las Vegas Real Estate Agent Sentenced to 70 Months in Prison for Her Role...
WASHINGTON, DC - December 20, 2012 - (RealEstateRama) -- A Las Vegas real estate agent was sentenced today to serve 70 months in prison for her participation in a mortgage fraud scheme that netted more than $10 million in fraudulent mortgage loans, ann...
MBA Convenes Task Force on the Future of the GSEs in the Single Family...
WASHINGTON, D.C. - December 19, 2012 - (RealEstateRama) -- Debra W. Still, CMB, Chairman of the Mortgage Bankers Association (MBA) today announced that the Association has assembled a task force of MBA members to revisit MBA’s groundbreaking 2009 pro...
Refinance Applications Fall to Lowest Level in Over a Month in Latest MBA Weekly...
WASHINGTON, D.C. - December 19, 2012 - (RealEstateRama) -- Mortgage applications decreased 12.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Dec...
MADIGAN SUES “FORENSIC LOAN AUDIT” SCHEMES FOR RIPPING OFF HOMEOWNERS SEEKING LOAN SAVINGS, HELP...
Chicago, IL - December 18, 2012 - (RealEstateRama) -- Attorney General Lisa Madigan today sought to crack down on a new form of “mortgage rescue fraud,” filing lawsuits against two companies for preying on struggling homeowners and promising loan a...
Hastings Sends Letter Opposing Cuts to Homelessness Programs in the Sequester
Washington, DC - December 17, 2012 - (RealEstateRama) -- Congressman Alcee L. Hastings (D-Miramar) sent the following letter to Office of Management and Budget (OMB) Deputy Director for Management Jeffrey Zients, urging him to maintain funding for home...
All Defendants Sentenced in More Than $20 Million Mortgage Fraud Scheme Led by Former...
DALLAS - December 17, 2012 - (RealEstateRama) -- Eugene Lockhart, Jr. was sentenced this week by U.S. District Judge Jorge A. Solis to 54 months in federal prison and ordered to pay approximately $2.4 million in restitution following his guilty plea t...
Homeownership Preservation Foundation and Tennessee Attorney General Partner on Statewide Hotline to Facilitate Distressed...
WASHINGTON, D.C. - December 13, 2012 - (RealEstateRama) -- The Homeownership Preservation Foundation (HPF), an independent national nonprofit dedicated to helping distressed homeowners navigate financial challenges and avoid mortgage foreclosure throug...
MBA: Third Quarter Independent Mortgage Banker Profits Increase
WASHINGTON, DC - December 13, 2012 - (RealEstateRama) -- Independent mortgage banks and mortgage subsidiaries of chartered banks made an average profit of $2,465 on each loan they originated in the third quarter of 2012, up from $2,152 per loan in the ...
Portland Man Found Guilty of Conspiracy to Manufacture and Distribute Marijuana and Mortgage Fraud
PORTLAND, OR - December 13, 2012 - (RealEstateRama) -- On Friday, December 7, 2012, Tu Ngoc Tran, 38, of Portland, Oregon, was found guilty by a federal jury of conspiracy to manufacture or distribute marijuana, two counts of manufacture of marijuana, ...
Two Alabama Real Estate Investors and Their Company Plead Guilty to Conspiracies to Rig...
WASHINGTON, DC - December 13, 2012 - (RealEstateRama) -- Two Alabama real estate investors and their company pleaded guilty today for their roles in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in southern A...
Statement from Chief Financial Officer Jeff Atwater Regarding the Federal Housing Finance Authority’s Proposed...
TALLAHASSEE, FL - December 12, 2012 - (RealEstateRama) -- Florida Chief Financial Officer Jeff Atwater released the following statement regarding his public comments to the Federal Housing Finance Authority regarding the proposed tax on Floridians. The...
Governor Cuomo Announces Banks and Mortgage Servicers to Expedite Insurance Payments to Homeowners
Albany, NY - December 12, 2012 - (RealEstateRama) -- Governor Andrew M. Cuomo today announced that major banks and mortgage servicers will take action to expedite insurance payments to New York homeowners. Currently, insurance claim checks must be endo...
Mortgage Rates Drop to New Lows in Latest MBA Weekly Survey
WASHINGTON, D.C. - December 12, 2012 - (RealEstateRama) -- Mortgage applications increased 6.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Dece...
Commercial and Multifamily Mortgage Debt Outstanding Increases for Fourth Straight Quarter
WASHINGTON, DC - December 12, 2012 - (RealEstateRama) -- The level of commercial/multifamily mortgage debt outstanding increased by $6.6 billion, or 0.3 percent, in the third quarter of 2012, as three of the four major investor groups increased their h...
Treasury, HUD and the Ad Council Launch National PSA Campaign to Reach Struggling Homeowners
WASHINGTON, DC - December 12, 2012 - (RealEstateRama) -- To increase awareness of the Making Home Affordable® Program’s free resources and assistance for struggling homeowners, the U.S. Department of the Treasury (Treasury), the U.S. Department of H...
Deputy Director Stephen Cross to Retire from FHFA
Washington, DC - December 12, 2012 - (RealEstateRama) -- Federal Housing Finance Agency Acting Director Edward J. DeMarco today announced that Stephen Cross, FHFA’s Deputy Director of the Division of Federal Home Loan Bank Regulation, will retire fro...
Commercial and Multifamily Mortgage Debt Outstanding Increases for Fourth Straight Quarter
WASHINGTON, DC - December 11, 2012 - (RealEstateRama) -- The level of commercial/multifamily mortgage debt outstanding increased by $6.6 billion, or 0.3 percent, in the third quarter of 2012, as three of the four major investor groups increased their h...
NeighborWorks America Announces that the National Foreclosure Mitigation Counseling Program Has Served 1.5 Million...
Washington, DC - December 11, 2012 - (RealEstateRama) -- 1.5 million homeowners have received foreclosure prevention counseling by local nonprofits, national intermediaries and state housing finance agencies participating in the National Foreclosure Mi...
Commercial/Multifamily Mortgage Delinquency Rates Down in Third Quarter
WASHINGTON, D.C. - December 6, 2012 - (RealEstateRama) -- Delinquency rates decreased for commercial and multifamily mortgage loans in the third quarter, according to the Mortgage Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report.
Mortgage Applications Increase in Latest MBA Weekly Survey
WASHINGTON, D.C. - December 5, 2012 - (RealEstateRama) -- Mortgage applications increased 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 Nove...
MBA White Paper Examines Future Role of the GSEs in Multifamily Housing Finance
Washington, DC - December 5, 2012 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) released a white paper today that underscores the importance of multifamily rental housing and examines the role of the Government Sponsored Enterprises (Fan...
Governor Cuomo Announces 400 HSBC Jobs to be Retained and Hundreds More to Potentially...
Albany, NY - November 30, 2012 - (RealEstateRama) -- Governor Andrew M. Cuomo today announced that PHH Mortgage Corporation will move forward with a $35 million expansion plan in Amherst, Erie County that will retain 400 jobs that were in jeopardy of b...
MBA’s Stevens Asks Congress to Reconsider Increasing Fannie/Freddie Guarantee Fees
WASHINGTON, D.C. - November 30, 2012 - (RealEstateRama) -- David H. Stevens, President and CEO of the Mortgage Bankers Association (MBA), issued the following statement today regarding H.R. 6429, a bill that would increase costs for future homebuyers b...
Attorney General Bondi Reminds Qualified Borrowers Who Lost Homes to Foreclosure to Submit Claims...
TALLAHASSEE, FL - November 29, 2012 - (RealEstateRama) -- Attorney General Pam Bondi reminds Florida borrowers who lost their homes to foreclosure between Jan. 1, 2008 and Dec. 31, 2011 and who may be eligible for payment under the $25 billion national...
Maximum Conforming Loan Limits for Fannie Mae and Freddie Mac to Remain Unchanged in...
Washington, DC - November 29, 2012 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) today announced that the maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2013 will remain at existing levels. In m...
FHA ISSUES GUIDANCE TO HELP FHA-INSURED FAMILIES IN DISASTER AREAS
WASHINGTON, DC - November 29, 2012 - (RealEstateRama) -- The Federal Housing Administration (FHA) recently published guidance to help families with FHA-insured mortgages struggling to repair or rebuild their homes in the wake of major disasters like Hu...
Con Man Agrees to Plead Guilty in Three Fraud Schemes, Including Multi-Million-Dollar Ponzi and...
LOS ANGELES, CA - November 29, 2012 - (RealEstateRama) -- A Glendale man has agreed to plead guilty to federal fraud charges, admitting that he ran three separate scams, including a Ponzi scheme that defrauded 30 families out of more than $8 million.
