Mortgage
Home Mortgage
U.S. House Prices Rose 1.1 Percent in Third Quarter 2012
Washington, DC - November 29, 2012 - (RealEstateRama) -- U.S. house prices rose 1.1 percent from the second quarter to the third quarter of 2012 according to the Federal Housing Finance Agency’s (FHFA) seasonally adjusted purchase-only house price in...
Congress Should Extend Tax Relief for Distressed Mortgage Holders
WASHINGTON, D.C. - November 29, 2012 - (RealEstateRama) -- The Center for Responsible Lending and the Financial Services Roundtable today asked Congress to extend the Mortgage Forgiveness Debt Relief Act, which is set to expire at year’s end. “This...
HARP Enhancements Continue to Bolster Program
Washington, D.C. - November 29, 2012 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) today released its September Refinance Report, which shows that Fannie Mae and Freddie Mac loans refinanced through the Home Affordable Refinance Progr...
Federal Housing Finance Agency Reports Mortgage Interest Rates
Washington, DC - November 29, 2012 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) today reported that the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders, used as an index in so...
HUD ANNOUNCES DEAL TO REFINANCE MORTGAGE LOAN FOR NEW YORK CITY COOPERATIVE
WASHINGTON, DC - November 29, 2012 - (RealEstateRama) -- U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan today announced a $621 million deal to refinance a previous mortgage at Co-op City, a large cooperative housing community that is ...
Mortgage Applications Decrease in Latest MBA Weekly Survey
WASHINGTON, D.C. - November 28, 2012 - (RealEstateRama) -- Mortgage applications decreased 0.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Nove...
Homeownership Preservation Foundation Announces Sanjeev Handa Elected Chairman of Board of Directors
WASHINGTON, D.C. - November 27, 2012 - (RealEstateRama) -- The Homeownership Preservation Foundation (HPF), an independent national nonprofit dedicated to helping distressed homeowners navigate financial challenges and avoid mortgage foreclosure throug...
Kentuckiana Man Sentenced to 15 Months in Prison for His Role in a Mortgage...
LOUISVILLE, KY - November 26, 2012 - (RealEstateRama) -- A Jeffersonville, Indiana man was sentenced in United States District Court this week by District Judge Charles R. Simpson, III to 15 months in prison and ordered to pay $487,111 in restitution a...
Schuette Files Criminal Charges Against Former Mortgage Processor President for Role in Fraudulent Robo-Signing
LANSING, MI - November 26, 2012 - (RealEstateRama) -- Michigan Attorney General Bill Schuette today announced he charged Lorraine Brown, former president of mortgage document processor DocX, with racketeering for her alleged role in authorizing the fra...
Fourth Quarter Starts with a Significant Jump in Housing Sales
November 22, 2012 - (RealEstateRama) -- According to the MLS reports compiled by the Michigan Association of REALTORS®, overall October total sales volume increased considerably, while average sales price of single-family homes in Michigan continued t...
Statement of Sen. Carl Levin on Legal Action on Mortgage-Backed Securities
WASHINGTON, DC - November 22, 2012 - (RealEstateRama) -- Sen. Carl Levin, D-Mich., made the following statement in response to the legal action taken today by the Administration’s Residential Mortgage-Backed Securities Working Group headed by New Yor...
Attorney General Koster announces plea agreement with Lorraine Brown
November 22, 2012 - (RealEstateRama) -- Attorney General Chris Koster today announced that the state of Missouri and Lorraine Brown, former President of DocX, LLC, have reached a plea agreement. Under the agreement, Ms. Brown will plead guilty to one f...
Australian Jockey Sentenced to Four Years in Prison for Laundering Proceeds of Multi-Million-Dollar Real...
RIVERSIDE, CA - November 21, 2012 - (RealEstateRama) -- An Australian man who once worked as a jockey has been sentenced to four years in federal prison for concealing the proceeds of a loan fraud scheme that caused victims to lose more than $5 million...
Former Executive at Florida-Based Lender Processing Services Inc. Admits Role in Mortgage-Related Document Fraud...
WASHINGTON, DC - November 21, 2012 - (RealEstateRama) -- A former executive of Lender Processing Services Inc. (LPS)—a publicly traded company based in Jacksonville, Florida—pleaded guilty today, admitting her participation in a six-year scheme to ...
A.G. Schneiderman Sues Credit Suisse For Fraudulent Residential Mortgage-Backed Securities
NEW YORK, NY - November 21, 2012 - (RealEstateRama) -- Attorney General Eric T. Schneiderman today filed a Martin Act complaint against Credit Suisse Securities (USA) LLC and its affiliates for making fraudulent misrepresentations and omissions to prom...
Attorney General Chiesa Announces New Jersey Sign-On to National Letter Seeking to Extend Tax...
TRENTON - November 21, 2012 - (RealEstateRama) -- Attorney General Jeffrey S. Chiesa announced today that New Jersey has signed onto a national letter urging Congress to extend tax relief for consumers who have mortgage debt canceled or forgiven becaus...
Former Executive at Florida-Based Lender Processing Services Inc. Admits Role in Mortgage-Related Document Fraud...
WASHINGTON, DC - November 21, 2012 - (RealEstateRama) -- A former executive of Lender Processing Services Inc. (LPS) – a publicly traded company based in Jacksonville, Fla. – pleaded guilty today, admitting her participation in a six-year scheme to...
CHFA to participate in Governor’s Free Mortgage Assistance Event
November 21, 2012 - (RealEstateRama) -- Connecticut's distressed homeowners have another opportunity to explore loan modification and foreclosure prevention options with their banks at the free day-long, state-sponosred Mortgage Assistance Event on Wed...
Mortgage Applications Decrease in Latest MBA Weekly Survey
WASHINGTON, D.C. - November 21, 2012 - (RealEstateRama) -- Mortgage applications decreased 2.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Nove...
FHA ANNOUNCES REVISED LOSS MITIGATION HOME RETENTION OPTIONS
WASHINGTON, DC - November 21, 2012 - (RealEstateRama) -- The Federal Housing Administration (FHA) announced changes on Friday to its loss mitigation program which are intended to allow more borrowers to take advantage of opportunities that enable them ...
MADIGAN URGES CONGRESS TO EXTEND TAX RELIEF TO STRUGGLING HOMEOWNERS
Chicago, IL - November 20, 2012 - (RealEstateRama) -- Attorney General Lisa Madigan today joined 41 of her counterparts in calling on Congress to extend tax relief for homeowners who have mortgage debt canceled or forgiven because of financial hardship...
National Mortgage Settlement Monitor’s Report Released
MADISON - November 20, 2012 - (RealEstateRama) -- Attorney General J.B. Van Hollen announced that Wisconsin residents have begun taking advantage of relief offered under the National Mortgage Settlement, according to a report released by the Settlement...
AG Gansler: Mortgage Settlement Relief Exceeds $550 Million So Far
Baltimore, MD - November 19, 2012 - (RealEstateRama) -- Attorney General Douglas F. Gansler announced today that distressed Maryland homeowners have received more than $550 million in relief from the National Mortgage Settlement as of September 30. The...
MADIGAN: ILLINOIS IN TOP 5 STATES FOR RELIEF TO HOMEOWNERS FROM NATIONAL FORECLOSURE SETTLEMENT
Chicago, IL - November 19, 2012 - (RealEstateRama) -- In responding to the second report issued by the national foreclosure settlement’s independent monitor, Attorney General Lisa Madigan today outlined the direct relief Illinois borrowers have recei...
Congresswoman Waters Issues Statement on FHA’s Annual Report
Washington, DC - November 19, 2012 - (RealEstateRama) -- Congresswoman Maxine Waters (CA-35) released the following statement in response to the Federal Housing Administration’s annual financial status report issued to Congress today:
Attorney General Bondi Announces that Mortgage Servicers Report More Than $3.6 Billion in Relief...
TALLAHASSEE, FL - November 19, 2012 - (RealEstateRama) -- Attorney General Pam Bondi announced today that the nation’s five largest mortgage servicers that entered the federal-state settlement over foreclosure abuses and unacceptable mortgage servici...
BIPARTISAN NATIONAL MORTGAGE SETTLEMENT PROVIDES SUPPORT TO NEARLY 310,000 HOMEOWNERS
WASHINGTON, DC - November 19, 2012 - (RealEstateRama) -- The nation’s largest mortgage servicers have distributed $26.1 billion in direct relief to nearly 310,000 homeowners, or roughly $84,385 per homeowner as part of the National Mortgage Settlemen...
FTC Warns Mortgage Advertisers that Their Ads May Violate Federal Law
WASHINGTON, D.C. - November 19, 2012 - (RealEstateRama) -- After reviewing hundreds of mortgage advertisements, the Federal Trade Commission staff has sent letters to 20 companies, warning them that their ads may be deceptive.
A.G. Schneiderman To Wells Fargo: Reverse Policy That Denies Foreclosure Relief In The Wake...
NEW YORK, NY - November 19, 2012 - (RealEstateRama) -- Attorney General Eric T Schneiderman today warned Wells Fargo to reverse a new policy that temporarily suspends review of mortgage relief applications from New York homeowners, many of whom are sti...
A.G. Schneiderman: Report On National Mortgage Settlement Shows Progress For NYS Homeowners
NEW YORK, NY - November 19, 2012 - (RealEstateRama) -- Following the release of the first official report on the implementation of the National Mortgage Settlement today, Attorney General Eric T. Schneiderman indicated that he was encouraged by its pro...
