Mortgage
Home Mortgage
Wells Fargo Tops U.S. Commercial/Multifamily Servicers in MBA Mid-Year Rankings Report
Washington, DC - August 24, 2010 - (RealEstateRama) — The Mortgage Bankers Association (MBA) today released its mid-year ranking of commercial and multifamily mortgage servicers as of the end of June 30, 2010. Topping the list of firms is Wells Fargo with $462.8 billion in U.S. master and primary servicing, followed by PNC Real [...]
GAO Reports Long Overdue Data on Mortgage Scams at Behest of Request Made by...
SACRAMENTO, CA - August 23, 2010 - (RealEstateRama) -- Congresswoman Doris Matsui (D-CA) announced that the Government Accountability Office (GAO) released a report on the current situation of mortgage foreclosure scams occurring around the country, and an analysis of the government’s efforts to prohibit such deceptive financial practices.
VA Reaches Out to Homeowners Affected by Gulf Oil Crisis
WASHINGTON, DC - August 23, 2010 - (RealEstateRama) -- Veterans in the Gulf States impacted by the recent oil spill may qualify for delayed mortgage payments if their mortgages are already guaranteed by the Department of Veterans Affairs (VA)
Register Today for MBA’s 2nd Quarter 2010 National Delinquency Survey (NDS) Conference Call
WASHINGTON, D.C. - August 23, 2010 - (RealEstateRama) -- WHAT: Mortgage Bankers Association (MBA) 2nd Quarter 2010 National Delinquency Survey (NDS) Media Conference Call. Conducted quarterly since 1972, MBA's National Delinquency Survey covers more than 40 million loans on one-to-four-unit residential properties, representing more than 80 percent of all first-lien residential mortgage loans outstanding in the United States.
TMS Funding Hires Two New Account Executives To Support Growth
MILFORD, CT - August 23, 2010 - (RealEstateRama) -- TMS Funding, the wholesale residential lending platform of Total Mortgage Services, LLC, announced today the hiring of Robin Buttner and Stephen Jaser as Wholesale Account Executives. Ms. Buttner and Mr. Jaser are being hired to develop new business relationships and consult, educate, train and support high quality mortgage brokers in their respective markets
Veterans More Likely to Avoid Foreclosure with VA-Backed Loan
WASHINGTON, DC - August 20, 2010 - (RealEstateRama) -- Mortgage loans guaranteed by the Department of Veterans Affairs (VA) continue to have the lowest rate for serious delinquency and foreclosures in the industry
Casey, Fattah Highlight Benefits of New Emergency Mortgage Relief Law
PHILADELPHIA, PA - August 18, 2010 - (RealEstateRama) -- Homeowners who have lost their jobs and face foreclosure will benefit from the new $1 billion emergency mortgage relief program scheduled to go into effect by Oct. 1, Senator Bob Casey (D-PA) and Congressman Chaka Fattah (D-PA) announced today.
Casey, Fattah Highlight Benefits of New Emergency Mortgage Relief Law
PHILADELPHIA, PA - August 18, 2010 - (RealEstateRama) -- Homeowners who have lost their jobs and face foreclosure will benefit from the new $1 billion emergency mortgage relief program scheduled to go into effect by Oct. 1, Senator Bob Casey (D-PA) and Congressman Chaka Fattah (D-PA) announced today.
Freddie Mac Prices New $3 Billion Three-Year Reference Notes Security
McLean, VA - August 19, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) announced today that it priced its new 0.875% $3 billion three-year USD Reference Notes® security due on October 28, 2013. The issue, CUSIP number 3137EACL1, was priced at 99.661 to yield 0.983%, or 22.5 basis points more than three-year U.S. Treasury Notes. The issue will settle on Friday, August 20, 2010.
NJ REALTORS® say state programs make homeownership in NJ more affordable than ever
Edison, NJ - August 18, 2010 - (RealEstateRama) -- Record low mortgage rates and an abundance of housing choice have combined to make home buying extremely affordable across the nation.
Refinance Activity Increases to Highest Level Since May 2009 in Latest MBA Weekly Survey
WASHINGTON, D.C. - August 18, 2010 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending August 13, 2010. The Market Composite Index, a measure of mortgage loan application volume, increased 13.0 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 12.4 percent compared with the previous week
Homebuyers Benefit as Fed Finalizes Rules Aimed at Mortgage Overcharges
August 18, 2010 - (RealEstateRama) -- "For years, consumer advocates have been deeply troubled by 'yield-spread premiums (YSPs),' the routine payments to brokers and lenders that essentially function as kickbacks for overcharging on home loans. The Federal Reserve's final rules on YSPs, issued yesterday, mark a welcome milestone that will finally end this practice—saving money for home buyers and making it easier to shop for the best loan
Freddie Mac Announces the Issuance of a New Three-Year Reference Notes Security
McLean, VA - August 18, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) announced today that it plans to issue a new three-year USD Reference Notes® security, CUSIP number 3137EACL1, due on October 28, 2013. The issue will be priced on Thursday, August 19, 2010, and will settle on Friday, August 20, 2010, at benchmark size.
Federal Reserve Issues Final Rule on Loan Originator Compensation
Fairfax, VA - August 18, 2010 - (RealEstateRama) -- NAMB applauded the Federal Reserve Board today (FRB) for issuing its final rule changing the way loan originators may receive compensation, as a benefit to consumers, by preventing unfair, abusive, or deceptive lending practices.
Miller, Ellison Introduce Bill to Address Conflict of Interest in Mortgage Companies
Washington, D.C. - August 16, 2010 - (RealEstateRama) -- Just moments before the House adjourned last week, Reps. Brad Miller (D-NC) and Keith Ellison (D-MN),
Financial Regulators Adopt Guidance on Reverse Mortgage Products
August 16, 2010 - (RealEstateRama) -- The Federal Financial Institutions Examination Council (FFIEC) released guidance today on reverse mortgage products. The guidance, adopted by each of the financial regulators,1 emphasizes the consumer protection concerns raised by reverse mortgages and the importance of financial institutions mitigating the compliance and reputation risks associated with these products.
“Unusually Uncertain” Outlook Tamping Down Economic Activity According to Fannie Mae’s Economics & Mortgage...
WASHINGTON, DC - August 16, 2010 - (RealEstateRama) -- Uncertainty in the economy confirms lower expectations for economic growth and a slower-than-normal recovery, according to the August 2010 Economic Outlook released today by Fannie Mae's (FNMA/OTC) Economics & Mortgage Market Analysis Group
Quicken Loans and Sister Companies Move to Downtown Detroit
Detroit, MI - August 16, 2010 - (RealEstateRama) -- Today, downtown Detroit became home to 1,700 new faces as energized team members from Quicken Loans Inc, and its sister companies, One Reverse Mortgage LLC, Fathead LLC, In-House Realty LLC and Quizzle LLC began moving into their new home in the heart of Detroit’s rising technology district. The companies occupied the remainder of the vacant space in Detroit’s newest business complex, the Compuware building, on the North edge of Campus Martius. The building will now house a total “brainforce” of nearly 4,000 technology and web-based workers.
NAR Hails Proposal to Restrict GSE Mortgages with Private Transfer Fees
Washington, DC - August 16, 2010 - (RealEstateRama) -- The National Association of Realtors® today commended the Federal Housing Finance Agency for taking steps to restrict government-sponsored enterprises – Fannie Mae, Freddie Mac and the 12 Federal Home Loan Banks – from investing in mortgages with private transfer fee covenants.
Short Sale Las Vegas – Short Sale Nevada – What is a Short Sale...
las Vegas, NV - August 16, 2010 - (RealEstateRama) -- The central document in the Short Sale package that will be submitted to the mortgage lenders that will be taking a loss in the Hardship Letter. The Hardship Letter provides the homeowner with an opportunity to state their case as to why they can no longer afford to make their mortgage payment
Short Sale Las Vegas – Short Sale Nevada – What is a Short Sale...
las Vegas, NV - August 16, 2010 - (RealEstateRama) -- The central document in the Short Sale package that will be submitted to the mortgage lenders that will be taking a loss in the Hardship Letter. The Hardship Letter provides the homeowner with an opportunity to state their case as to why they can no longer afford to make their mortgage payment
Short Sale Las Vegas – Short Sale Nevada – What is a Short Sale...
las Vegas, NV - August 16, 2010 - (RealEstateRama) -- The central document in the Short Sale package that will be submitted to the mortgage lenders that will be taking a loss in the Hardship Letter. The Hardship Letter provides the homeowner with an opportunity to state their case as to why they can no longer afford to make their mortgage payment
Mortgage Fraud Indictments Against 13 Oahu Residents Unsealed
HONOLULU, HI - August 13, 2010 - (RealEstateRama) -- Two indictments of 13 Oahu residents and one from the state of Washington on mortgage fraud related charges were unsealed today with the arrests of 10 of the 14 defendants. A federal grand jury had returned the indictments on August 11, 2010, but they had remained sealed until today. One indictment charged 10 defendants in 56 counts of conspiracy, wire fraud, and false statements on loan applications, while the other named four defendants in 33 counts of the same nature. The 14 named defendants are:
Mortgage Fraud Indictments Against 13 Oahu Residents Unsealed
HONOLULU, HI - August 13, 2010 - (RealEstateRama) -- Two indictments of 13 Oahu residents and one from the state of Washington on mortgage fraud related charges were unsealed today with the arrests of 10 of the 14 defendants. A federal grand jury had returned the indictments on August 11, 2010, but they had remained sealed until today. One indictment charged 10 defendants in 56 counts of conspiracy, wire fraud, and false statements on loan applications, while the other named four defendants in 33 counts of the same nature. The 14 named defendants are:
Mortgage Fraud Indictments Against 13 Oahu Residents Unsealed
HONOLULU, HI - August 13, 2010 - (RealEstateRama) -- Two indictments of 13 Oahu residents and one from the state of Washington on mortgage fraud related charges were unsealed today with the arrests of 10 of the 14 defendants. A federal grand jury had returned the indictments on August 11, 2010, but they had remained sealed until today. One indictment charged 10 defendants in 56 counts of conspiracy, wire fraud, and false statements on loan applications, while the other named four defendants in 33 counts of the same nature. The 14 named defendants are:
Mortgage Fraud Indictments Against 13 Oahu Residents Unsealed
HONOLULU, HI - August 13, 2010 - (RealEstateRama) -- Two indictments of 13 Oahu residents and one from the state of Washington on mortgage fraud related charges were unsealed today with the arrests of 10 of the 14 defendants. A federal grand jury had returned the indictments on August 11, 2010, but they had remained sealed until today. One indictment charged 10 defendants in 56 counts of conspiracy, wire fraud, and false statements on loan applications, while the other named four defendants in 33 counts of the same nature. The 14 named defendants are:
Mortgage Fraud Indictments Against 13 Oahu Residents Unsealed
HONOLULU, HI - August 13, 2010 - (RealEstateRama) -- Two indictments of 13 Oahu residents and one from the state of Washington on mortgage fraud related charges were unsealed today with the arrests of 10 of the 14 defendants. A federal grand jury had returned the indictments on August 11, 2010, but they had remained sealed until today. One indictment charged 10 defendants in 56 counts of conspiracy, wire fraud, and false statements on loan applications, while the other named four defendants in 33 counts of the same nature. The 14 named defendants are:
GOV. RITTER NAMES NEW MEMBERS OF MORTGAGE BOARD
August 13, 2010 - (RealEstateRama) -- Gov. Bill Ritter today announced he has appointed five new members to the Board of Mortgage Loan Originators. The Governor appointed three people to terms expiring Aug. 10, 2012: Julie I. Piepho of Fort Collins, Cheryl L. Dingwell-Keckritz of Colorado Springs and Leslie J. Mitchell of Denver
GOV. RITTER NAMES NEW MEMBERS OF MORTGAGE BOARD
August 13, 2010 - (RealEstateRama) -- Gov. Bill Ritter today announced he has appointed five new members to the Board of Mortgage Loan Originators. The Governor appointed three people to terms expiring Aug. 10, 2012: Julie I. Piepho of Fort Collins, Cheryl L. Dingwell-Keckritz of Colorado Springs and Leslie J. Mitchell of Denver
GOV. RITTER NAMES NEW MEMBERS OF MORTGAGE BOARD
August 13, 2010 - (RealEstateRama) -- Gov. Bill Ritter today announced he has appointed five new members to the Board of Mortgage Loan Originators. The Governor appointed three people to terms expiring Aug. 10, 2012: Julie I. Piepho of Fort Collins, Cheryl L. Dingwell-Keckritz of Colorado Springs and Leslie J. Mitchell of Denver
