Mortgage
First of its Kind Program Aims to Drastically Reduce North Carolina Foreclosure Actions
August 19, 2008 Posted by North Carolina Real Estate
Raleigh, NC - August 18, 2008 - (RealEstateRama) — Raleigh - Gov. Mike Easley has signed into law legislation that he expects will reduce home foreclosure filings due to the sub-prime mortgage crisis during the next two years. The governor’s “Emergency Foreclosure Reduction Program” could keep more than 25,000 working families in their homes and […]
State takes enforcement action against four mortgage brokers
August 19, 2008 Posted by Oregon Real Estate
Cases involve unethical behavior, falsified loan documents, training requirements
Salem, OR - August 19, 2008 - (RealEstateRama) — In its continuing effort to strengthen enforcement in the mortgage lending industry, the Oregon Department of Consumer and Business Services issued cease-and-desist orders and fines against four mortgage companies for violating Oregon’s mortgage lending laws.
State Settles Two False Advertising Cases - Mortgage Firms Pay More Than $200,000 In Fines And Costs
August 19, 2008 Posted by Washington Real Estate
DFI alleged firms engaged in deceptive radio and direct mail advertising campaigns
OLYMPIA, WA - August 19, 2008 - (RealEstateRama) — The Department of Financial Institutions (DFI) entered into Consent Orders today with two firms previously charged with false advertising.
SONYMA to Issue $168 Million in Bonds to Finance Near-Record First-Time Homeowner Mortgages
August 19, 2008 Posted by New York Real Estate
NEW YORK - August 5, 2008 - (RealEstateRama) — The State of New York Mortgage Agency (SONYMA) has priced the issuance of $168 million in bonds to fund near-record demand for the Agency’s low-interest fixed-rate mortgage loans, which are available to low- and moderate-income first-time homebuyers throughout New York State.
6 Miami-Dade Mortgage Fraud Defendants Plead Guilty To Roles In $17 Million Mortgage Fraud Enterprise
August 18, 2008 Posted by Florida RealEstateRama
TALLAHASSEE, FL - August 18, 2008 - (RealEstateRama) — Attorney General Bill McCollum today announced that six South Florida individuals have pleaded guilty to their roles in a criminal mortgage fraud operation that defrauded several financial institutions out of more than $17 million.
PSMI OPENING OFFICE IN MIDLAND, TX
August 17, 2008 Posted by Texas Real Estate
Roswell, NM - August 17, 2007 - (RealEstateRama) — PrimeSource Mortgage, Inc. (PSMI) continues to open branches Nationwide. PSMI proudly announces the opening of an independently owned and operated (PSM) Branch in Midland, Texas, at 1002 Godfrey. Lisa Hagee, already well-established in the community, is the owner and operator of this new PSM branch operating under […]
NH Senator supports bill to help people stay in homes, stem foreclosure rates, provide stability to the financial markets and restore confidence in the nation’s economy
August 17, 2008 Posted by New Hampshire Real Estate
WASHINGTON - July 26, 2008 - (RealEstateRama) — United States Senator Judd Gregg (R-NH), Ranking Member of the U.S. Senate Budget Committee, today applauded Senate passage of the Foreclosure Prevention Act of 2008 (H.R. 3221) to help stabilize and revitalize the nation’s ailing housing sector and financial markets while helping homeowners avoid mortgage delinquencies and […]
Mortgage Broker Charged With Deceptive Lending Practices - State Seeks Full Restitution For Injured Borrowers
August 17, 2008 Posted by Washington Real Estate
DFI Alleges Paramount Equity Mortgage Made Deceptive Fee Disclosures, Collected Unearned Points and Fees, and Engaged In False Advertising
OLYMPIA, WA - August 17, 2008 - (RealEstateRama) — “An examination conducted by the Department of Financial Institutions (DFI) reveals that Paramount Equity Mortgage, Inc. (Paramount), a licensed mortgage broker headquartered in California, has engaged in a […]
New Law Will Aid Nevada Families Caught in Mortgage Crunch
August 16, 2008 Posted by Nevada Real Estate
Washington D.C. - July 30, 2008 - (RealEstateRama) — President Bush today signed legislation supported by Congresswoman Shelley Berkley that will help address the nation’s mortgage crisis. The new law will aid Nevadans facing the loss of their home, help prevent additional foreclosures, and deliver incentives designed to get empty homes off the market and […]
CA Attorney General Urged to Seek Injunction Halting Foreclosure on Deceptive Countrywide Mortgages
August 12, 2008 Posted by California Real Estate
CA - August 12, 2008 - (RealEstateRama) — The California Reinvestment Coalition and the Greenlining Institute August 6 sent an urgent letter to California Attorney General Jerry Brown urging him to take immediate action against Countrywide Financial/Bank of America.
