Mortgage
HUD Announces New, Permanent FHA Mortgage Loan Limits
November 11, 2008 Posted by HUD
New limits range from $271,050 to $625,500
WASHINGTON - November 11, 2008 - (RealEstateRama) — U.S. Department of Housing and Urban Development Secretary Steve Preston today announced the new Federal Housing Administration (FHA) mortgage loan limits for single-family homes as prescribed by the Housing and Economic Recovery Act of 2008.
Mortgage Company Settles Data Security Charges
November 10, 2008 Posted by Texas Real Estate
Washington, DC - November 10, 2008 - (RealEstateRama) – A Texas-based mortgage lender has settled Federal Trade Commission charges that it violated federal law by failing to provide reasonable security to protect sensitive customer data. The lender made the data vulnerable, the complaint alleges, by allowing a third-party home seller to access the data without taking […]
Governor Schwarzenegger Prescribes Solutions to Keep Californians in their Homes
November 10, 2008 Posted by California RealEstateRama
Offers Special Session Plan for Immediate Foreclosure Relief, Long-Term Mortgage Reform to Help Stabilize California’s Economy
November 10, 2008 - (RealEstateRama) — Committed to keeping Californians in their homes and stabilizing the state’s economy, Governor Arnold Schwarzenegger today announced an aggressive plan to bring down foreclosure rates by helping both borrowers and lenders modify existing home […]
Governor Blagojevich Renews Call for Foreclosure Protections for Illinois Homeowners
November 10, 2008 Posted by Illinois RealEstateRama
Governor Partners with Sen. Collins and Rep. Hamos to Introduce Foreclosure Moratorium of up to Three-months for Homeowners that Enter Counseling
CHICAGO, IL - November 10, 2008 - (RealEstateRama) — Standing with Ada Brown at the home she almost lost to an unaffordable adjustable rate mortgage, Governor Rod R. Blagojevich today renewed his call for legislation […]
Chase further strengthens robust programs to keep families in homes, including systematic review of entire mortgage portfolio;
November 7, 2008 Posted by Dennis Ginty
Enhanced programs seek to help an additional 400,000 families; With families already helped, total foreclosure preventions projected to top 650,000; $110 billion in mortgages to be modified
Specific enhancements include:
Proactive outreach to borrowers, offering them pre-qualified modification terms in writing
New regional centers, more counselors and expanded loan alternatives
New independent review process to head off unnecessary foreclosures
No […]
Americans Want More Government Involvement in Lending, NAR Survey Shows
November 3, 2008 Posted by RealEstateRama
WASHINGTON, D.C. - November 01, 2008 - (RealEstateRama) — With an unstable American economy and slowdowns in the housing market, most consumers are open to the federal government taking a more active role in overseeing mortgage and lending practices, according to the 2008 National Housing Pulse Survey, an annual survey released today by the National […]
PSMI OPENS OFFICE IN FT. WORTH, TX
October 30, 2008 Posted by Texas Real Estate
Roswell, NM - October 30, 2008 - (RealEstateRama) — PrimeSource Mortgage, Inc. (PSMI) continues to expand its operations across the country. PSMI proudly announces the opening of an independently owned and operated (PSM) Branch in Ft. Worth, Texas. Bill Ward is experienced in the industry, very well established in his community and is the owner and […]
Gov. Schwarzenegger Highlights Subprime Mortgage Agreement’s Progress in Preventing Foreclosures
October 30, 2008 Posted by California RealEstateRama
October 30, 2008 - (RealEstateRama) — Governor Arnold Schwarzenegger today issued the following statement regarding the third quarter of 2008 mortgage servicer survey results. The latest data, released by the Department of Corporations who tracks and reports loan modification statistics, shows continued success for the Governor’s Subprime Mortgage Agreement from November 2007 to the present […]
Federal Housing Finance Agency Reports Mortgage Interest Rates
October 30, 2008 Posted by RealEstateRama
Washington, DC - October 30, 2008 - (RealEstateRama) — The Federal Housing Finance Agency today reported that the average interest rate on conventional 30-year, fixed-rate, mortgage loans of $417,000 or less decreased 33 basis points to 6.16 percent in September.
Realogy calls for rates of 4.5% or lower on 30-year fixed rate mortgages
October 29, 2008 Posted by RealEstateRama
PARSIPPANY, NJ - October 29, 2008 - (RealEstateRama) — Realogy Corporation, a global provider of real estate and relocation services, today announced that the Company has approached the U.S. Department of Treasury with a practical solution to help stimulate the housing market and lead to a broader economic recovery. The Company also conducted separate national surveys with its […]