Mortgage
Home Mortgage
GOVERNOR CUOMO DEPLOYING DFS MOBILE COMMAND CENTER TO PROVIDE FORECLOSURE PREVENTION ASSISTANCE TO HOMEOWNERS...
Governor Andrew M. Cuomo today announced that he is deploying trained personnel from the Department of Financial Services to Watertown and Oswego to offer foreclosure prevention assistance to financially struggling homeowners.
Reverse home loans expands presence in Alabama Stephen Scott Underwood heads new Birmingham branch
iReverse Home Loans, a respected innovator in compassionate Reverse Mortgage origination is pleased to announce that, mortgage industry specialist, Stephen Scott Underwood, has joined the organization.
Heitkamp Introduces Bill to Incentivize Local Community Home Loans
U.S. Senator Heidi Heitkamp introduced legislation to strengthen investments in local towns and neighborhoods by expanding small banks’ access to credit, allowing them to provide more affordable home mortgages to the individuals and families in their...
A.G. Schneiderman And Local Officials Showcase Achievements Of Housing Programs Designed To Rebuild New...
Attorney General’s Foreclosure Relief Programs Have Helped More Than 6,800 Hudson Valley Families Keep Their Homes. Schneiderman: No Family Should Ever Lose Their Home Because They Could Not Speak To A Housing Counselor Or Get A Small Loan To Refinan...
IHDA Launches Mortgage Program to Boost Homebuying in Hardest Hit Areas and Stabilize Communities
The Illinois Housing Development Authority (IHDA) today launched its new 1stHomeIllinois loan program to help make homeownership a reality for up to 4,000 first-time homebuyers in 10 Illinois counties hardest hit by the foreclosure crisis. The program ...
Hunt Mortgage Group Provides a Bridge Loan for the Acquisition and Rehabilitation of a...
Hunt Mortgage Group, a commercial real estate lender, announced today that it has provided bridge financing in the amount of $10.5 million to enable the acquisition and rehabilitation of Surrey Row Apartments, a multifamily property located in Dallas, ...
C.A.R. Opposes Tax on Home Buyers in Senate Highway Transportation Bill
The CALIFORNIA ASSOCIATION OF REALTORS® is opposing a provision in the highway bill now being considered by the U.S. Senate that taxes home buyers by increasing the fees Fannie Mae and Freddie Mac charge on their loans. This provision would extend a t...
Arizona Using Uniform Mortgage Test; 47 State Agencies Now Using the Test
The Conference of State Bank Supervisors (CSBS) announced today that the Arizona Department of Financial Institutions (the Department) began using the National SAFE Mortgage Loan Originator (MLO) Test with Uniform State Content on July 15, bringing the...
New York Man Sentenced for Million Dollar Mortgage Fraud Scheme
Michael St. Claire, 36, was sentenced by U.S. District Judge William G. Young to six months in prison, an additional four months of home confinement, and ordered to pay $1,257,945 in restitution. St. Claire previously pleaded guilty to conspiracy to c...
African American and Latino Borrowers and Neighborhoods of Color Continue to Have Little Access...
Today, at a community forum at the Telesca Center for Justice, Empire Justice Center released its most recent report, “The River Runs Dry II: The Persistent Mortgage Drought in Rochester’s Communities of Color,” analyzing home purchase lending i...
MORTGAGE BROKER BANNED, ORDERED TO REPAY CONSUMERS, AG COOPER SAYS
Raleigh: A mortgage broker that took money upfront to refinance mortgages but failed to deliver is permanently banned from the business and under court order to pay refunds and penalties, Attorney General Roy Cooper announced today
Essex County, New Jersey, Man Sentenced To Two Years In Prison For His Role...
A Nutley, New Jersey, man was sentenced today to 24 months in prison for his role in a massive mortgage fraud scheme involving multiple properties in Elizabeth, New Jersey, U.S. Attorney Paul J. Fishman announced
Pallone Holds Roundtable on Dodd-Frank and Protecting New Jersey from Abusive Mortgage Industry Practices
In recognition of the 5th anniversary of the Dodd-Frank Wall Street Reform and Consumer Protection Act, Congressman Frank Pallone, Jr. (NJ-06) held a roundtable discussion today in Highland Park with NJ Citizen Action, consumer protection advocates and...
New Hampshire Supreme Court Acknowledges MERS’ Role Under State Law
MERSCORP Holdings, Inc. today announced the Supreme Court of New Hampshire ruled in favor of New York Community Bank, finding that as assignee of MERS, it was authorized to foreclose. In pdf Bergeron v. New York Community Bank (102 KB), the Plaintiff c...
Middleton Mortgage Broker Convicted of Bank Fraud
A mortgage broker from Middleton was convicted today of attempted bank fraud in federal court. Michael P. O’Donnell, 53, was convicted of one count of bank fraud after a three-day bench trial before the Honorable Douglas P. Woodlock, United States D...
CHFA plans to sell $161 million in Tax Exempt Bonds to finance single family...
The Connecticut Housing Finance Authority (CHFA) plans to offer $161 million in Tax Exempt Bonds next Wednesday July 22, 2015. Proceeds from the sale of these bonds will be used to finance the Authority’s single-family mortgage program
Hunt Mortgage Group Hires Michael A. Abbasfard as Vice President in the Small Loan...
Hunt Mortgage Group, a commercial real estate lender, announced today that Michael A. Abbasfard has joined the firm as Vice President in the Small Loan Group. In this role, he will source and originate Freddie Mac and Fannie Mae small loans for clients...
Perlmutter’s Bipartisan Mortgage Servicing Asset Capital Requirements Act Passes House
U.S. Rep. Ed Perlmutter (CO-07) passed bipartisan legislation requiring federal banking regulators to jointly study the appropriate capital treatment of Mortgage Servicing Rights (MSRs) under Basel III and the NCUA Risk-Based capital requirements
Owner of Mortgage Company Pleads Guilty to $64 Million Mortgage Fraud Scheme
A Miami-area real estate developer and owner of a mortgage company, his business partner and a senior mortgage underwriter each pleaded guilty to a mortgage fraud scheme involving federally insured mortgages that caused losses of $64 million to the Fed...
Hunt Mortgage Group Refinances Four Multifamily Properties Located in Tampa, Florida
Hunt Mortgage Group, a commercial real estate lender, announced today that it has provided four Freddie Mac small loans that total $6.5 million to refinance four separate multifamily properties located in Tampa, Florida.
GOVERNOR CUOMO ANNOUNCES TWO ADDITIONAL MORTGAGE COMPANIES SIGN ON TO COMBAT “ZOMBIE PROPERTIES”
Governor Andrew M. Cuomo today announced two additional mortgage companies – First Niagara and Carrington Mortgage – will adopt a set of best practices to help combat the neighborhood blight and economic damage caused by vacant and abandoned "zombi...
Three Real Estate Developers Sentenced to Prison for their Roles in $27.8 Million Mortgage...
Assistant Attorney General Leslie R. Caldwell of the Justice Department’s Criminal Division, U.S. Attorney Wifredo A. Ferrer of the Southern District of Florida, Special Agent in Charge Nadine Gurley of the Department of Housing and Urban Development...
Hunt Mortgage Group Finances the Acquisition of a Multifamily Property Located in Riverdale, Maryland
Hunt Mortgage Group, a commercial real estate lender, announced today that it has provided a $6.4 million Fannie Mae loan facility to finance the acquisition of a multifamily property located in Riverdale, Maryland.
CBRE BROKERS $12.6 MILLION SALE OF ALTAMONTE SPRINGS APARTMENT COMMUNITY
CBRE Capital Markets arranged the sale of Village Green, a 164-unit, 140,000-square-foot apartment community in the Altamonte Springs area of Orlando. Located at 112 Essex Avenue, the asset was acquired from Harbor Group International, LLC by Insula Co...
MERS Wins Complete Dismissal of Texas Counties’ Recording Fee Suit
MERSCORP Holdings, Inc. today announced that the United States Court of Appeals for the Fifth Circuit recently affirmed a ruling from the U.S. District Court for the Northern District of Texas in favor of Mortgage Electronic Registration Systems, Inc. ...
Sen. Warner Statement on Fannie & Freddie CEO Pay Raises
U.S. Sen. Mark R. Warner (D-VA), a member of the Senate Banking Committee and Ranking Member of the Banking subcommittee overseeing the secondary mortgage market, released a statement after mortgage finance companies Freddie Mac and Fannie Mae disclose...
GOVERNOR CUOMO DEPLOYING DFS MOBILE COMMAND CENTER TO ORANGE AND SULLIVAN COUNTIES TO PROVIDE...
Governor Andrew M. Cuomo today announced that he is deploying Department of Financial Services representatives to Chester in Orange County and Monticello in Sullivan County to offer foreclosure prevention assistance to financially struggling homeowners.
Counseling for homeowners boosted with state grant
About 1,000 Washington State homeowners facing foreclosure will receive financial counseling to help resolve their mortgage issues, thanks to a grant awarded this week by Attorney General Bob Ferguson to the Washington State Housing Finance Commission
Interthinx 2014 Data Reveals “New Normal” for Mortgage Fraud Risk
Interthinx, Inc., a subsidiary of First American Financial Corporation (NYSE: FAF) and a leading provider of comprehensive risk mitigation solutions for the financial services industry, has released its annual interactive Mortgage Fraud Risk Report
Hunt Mortgage Group Finances the Acquisition of a Student Housing Property Located in Ames,...
Hunt Mortgage Group, a commercial real estate lender, announced today that it has provided a Fannie Mae loan in the amount of $6.4 million to finance the acquisition of a student housing property located in Ames, Iowa
