Mortgage
Home Mortgage
AG Kilmartin Reports on National Mortgage Settlement Progress
November 19, 2012 - (RealEstateRama) -- Attorney General Peter F. Kilmartin today reported on the progress made by the five mortgage service providers (Ally/GMAC, Bank of America, Citi, JPMorganChase, and Wells Fargo) at the center of the National Mort...
MBA Chairman Debra Still Reacts to FHA Actuarial Report
WASHINGTON, D.C. - November 16, 2012 - (RealEstateRama) -- Debra W. Still, CMB, Chairman of the Mortgage Bankers Association (MBA), issued the following statement today reacting to the release of the Federal Housing Administration’s (FHA) actuarial r...
Mortgage Delinquency and Foreclosure Rates Decreased
WASHINGTON, D.C. - November 15, 2012 - (RealEstateRama) -- The delinquency rate for mortgage loans on one-to-four-unit residential properties fell to a seasonally adjusted rate of 7.40 percent of all loans outstanding as of the end of the third quarte...
Sales, Prices Remain Higher than 2011
Denver, CO – November 15, 2012) - October saw a continuation of the trend throughout the year, with both home prices and home sales rising above the levels seen one year ago. In the October RE/MAX National Housing report, a survey of MLS data in 52 m...
Menendez Calls for the Immediate Suspension of Foreclosures & Evictions for All New Jersey...
WASHINGTON, DC - November 14, 2012 - (RealEstateRama) -- U.S. Senator Robert Menendez (D-NJ) today called on the New Jersey Attorney General to issue a moratorium that would suspend foreclosure sales and evictions, delay the initiation of any foreclos...
Mortgage Applications Increase in Latest MBA Weekly Survey
WASHINGTON, D.C. - November 14, 2012 - (RealEstateRama) -- Mortgage applications increased 12.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Nov...
Third Quarter Commercial/Multifamily Mortgage Originations Down 7 Percent from Q3 2011
Washington, DC - November 13, 2012 - (RealEstateRama) -- Commercial and multifamily mortgage origination volumes during the third quarter of 2012 were seven percent lower than during the third quarter 2011, 17 percent lower than during the second quart...
Las Vegas Woman Convicted for Role in Mortgage Fraud Scheme
WASHINGTON, DC - November 12, 2012 - (RealEstateRama) -- A Las Vegas mortgage agent was found guilty today for participation in a mortgage fraud scheme that netted $1.2 million in fraudulent mortgage loans, announced Assistant Attorney General Lanny A....
Mortgage industry pushes for broad legal protections for high-cost loans
Chicago, IL - November 12, 2012 - (RealEstateRama) -- A mortgage industry-backed legislative push to weaken an effort to encourage lenders to make safe and sustainable loans is likely to kick off in the weeks following the election.
FTC Begins Refund Process for Consumers Harmed by Mortgage Foreclosure ‘Rescue’ Scheme
WASHINGTON, D.C. - November 12, 2012 - (RealEstateRama) -- To help Spanish-speaking consumers recover money lost to a scam that promised to stop foreclosure or obtain mortgage loan modifications, the Federal Trade Commission mailed claim forms this wee...
Statement of David Stevens on Basel III Announcement
Washington, DC - November 9, 2012 - (RealEstateRama) -- David H. Stevens, President & CEO of the Mortgage Bankers Association (MBA) today issued the following statement in reaction to the announcement by federal financial regulators that they do no...
Remarks of David Stevens at MBA’s 2012 Independent Mortgage Bankers Conference
Dallas, TX - November 9, 2012 - (RealEstateRama) -- David H. Stevens, President & CEO of the Mortgage Bankers Association (MBA) today delivered remarks at the association’s inaugural Independent Mortgage Bankers Conference
SEC Charges Baton Rouge-Based Investment Adviser with Hiding Losses From Mortgage-Backed Securities Investments
Washington, D.C. - November 9, 2012 - (RealEstateRama) -- The Securities and Exchange Commission today charged a hedge fund manager in Baton Rouge, La., with defrauding investors by hiding millions of dollars in losses suffered during the financial cri...
Printer Friendly Version Printer Friendly Decrease Text Size Increase Text SizeText...
LANSING, MI - November 8, 2012 - (RealEstateRama) -- Just as the housing market is showing signs of recovery, Gov. Rick Snyder today signed legislation that will help keep the momentum going by updating and realigning several Michigan State Housing Dev...
Governor Cuomo Announces Major State Banks and Mortgage Servicers Offering Relief for Home Mortgage...
Albany, NY - November 7, 2012 - (RealEstateRama) -- Governor Andrew M. Cuomo today announced that several major state-chartered banks and mortgage servicers have agreed to offer relief for home mortgage borrowers in the areas affected by Storm Sandy, i...
PHFA recognizes outstanding quality of work done by the state’s housing counselors
HARRISBURG - November 7, 2012 - (RealEstateRama) -- The Pennsylvania Housing Finance Agency today celebrated the work of the state’s housing counselors with an awards ceremony at the Hilton Harrisburg. The state’s private sector counseling agencies...
MBA Statement on Re-Election of President Obama
Washington, DC - November 7, 2012 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) released the following statement reacting to the re-election of President Barack Obama.
Storm Leads to Decrease in Mortgage Applications
WASHINGTON, D.C. - November 7, 2012 - (RealEstateRama) -- Mortgage applications decreased 5.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Novem...
MBA Makes Donation to Sandy Relief Effort, Encourages its Members to Contribute
Washington, DC - November 7, 2012 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) announced today it has partnered with Habitat for Humanity to provide $40,000 to help those residents of the Mid-Atlantic and Northeast United States who hav...
NEW FLOOD MAPS SHOW CURRENT RISKS IN SANTA FE COUNTY, NEW MEXICO
DENTON, TX - November 6, 2012 - (RealEstateRama) -- Santa Fe County, New Mexico, homeowners, business and residential renters and business owners who do not have flood insurance are encouraged to buy coverage now to get the best possible premiums befor...
FHFA and CFPB Partner on Development of National Mortgage Database
Initiative will help streamline disparate datasets and support regulators’ efforts to monitor the market WASHINGTON, D.C. – November 2, 2012 – (RealEstateRama) — The Federal Housing Finance Agency (FHFA) and Consumer Financial Prote...
Woman Who Organized $20 Million Mortgage Fraud Scheme in Southern California Pleads Guilty in...
November 1, 2012 - (RealEstateRama) -- A former Southern California resident pleaded guilty today in federal court in Portland, Oregon, to mail fraud charges for orchestrating a mortgage fraud scheme that used fraudulent loan applications and supportin...
Refinance Applications Decrease in Latest MBA Weekly Survey
WASHINGTON, D.C. - October 31, 2012 - (RealEstateRama) -- Mortgage applications decreased 4.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Octob...
DIANE EDSON HIRED AS HOMEOWNERSHIP SPECIALIST
BURLINGTON - October 31, 2012 - (RealEstateRama) -- Executive Director Sarah Carpenter announced Diane Edson of South Burlington, VT has joined Vermont Housing Finance Agency (VHFA) as Homeownership Specialist
Former CPA Sentenced in Mortgage Fraud Investigation
MADISON, WI - October 31, 2012 - (RealEstateRama) -- John W. Vaudreuil, United States Attorney for the Western District of Wisconsin, announced that P. Edwin Gray, 59, Oregon, Wisconsin, was sentenced yesterday by U.S. District Judge Barbara B. Crabb t...
Federal Housing Finance Agency Reports Mortgage Interest Rates
Washington, DC - October 30, 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 som...
West Virginia Homeowners Helped as a Result of Attorney General Darrell McGraw’s Outreach Effort
CHARLESTON - October 29, 2012 - (RealEstateRama) -- For Putnam county homeowner Regina Laury, there is no doubt that Attorney General Darrell McGraw’s mortgage assistance outreach program is working. Laury, who filed a complaint with General McGraw a...
MBA Embraces IRS Decision to Accept Electronic Signatures for Tax Return Transcript Requests
Washington, DC - October 29, 2012 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today applauded an announcement by the Internal Revenue Service (IRS) that it will soon begin allowing electronic signatures on Form 4506-T, Request for Tran...
Homeownership Preservation Foundation Announces $550,000 in Funding from NeighborWorks America to Continue Anti-Scam Efforts
WASHINGTON, D.C. - October 29, 2012 - (RealEstateRama) -- The Homeownership Preservation Foundation (HPF), an independent national nonprofit dedicated to helping distressed homeowners navigate financial challenges and avoid mortgage foreclosure through...
VA Guarantees 20 Millionth Home Loan
WASHINGTON, DC - October 26, 2012 - (RealEstateRama) -- Today the Department of Veterans Affairs announced it has guaranteed 20 million home loans since its home loan program was established in 1944 as part of the original GI Bill of Rights for return...
