Archives

CHARLOTTE, - May 16, 2012 - (RealEstateRama) -- Quicken Loans Mortgage Services (QLMS), a division of Quicken Loans Inc., the nation’s largest online lender, today announced plans to add more than 75 team members by the end of 2012 to support its growing business needs.

Washington, DC - May 16, 2012 - (RealEstateRama) -- First quarter 2012 commercial and multifamily mortgage loan originations were 36 percent higher than during the same period last year and 12 percent lower than the fourth quarter of 2011, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. The decrease from fourth quarter 2011 reflects the industry’s usual push to finalize deals before the end of the year, and subsequent drop-offs in first quarter numbers.

WASHINGTON, D.C. - May 16, 2012 - (RealEstateRama) -- The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 7.40 percent of all loans outstanding as of the end of the first quarter of 2012, a decrease of 18 basis points from the fourth quarter of 2011, and a decrease of 92 basis points from one year ago, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey. The non-seasonally adjusted delinquency rate decreased 121 basis points to 6.94 percent this quarter from 8.15 percent last quarter.

WASHINGTON, D.C. - May 16, 2012 - (RealEstateRama) -- Mortgage applications increased 9.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 11, 2012

WASHINGTON, DC - May 16, 2012 - (RealEstateRama) -- A sustainable housing recovery requires that policymakers move forward with the difficult decisions regarding the future of the mortgage market. That's according to Federal Reserve Board Governor Elizabeth Duke, who spoke to Realtors® at a joint Real Estate Services and Regulatory Issues Forum—Prescriptions for Housing Recovery session today during the

New York, NY - May 16, 2012 - (RealEstateRama) -- GFI Mortgage Bankers, a leading provider of residential mortgages in New York, announces the financing of 81 percent of the end units (that closed with a residential lender) at Kirkman Lofts. Ari Sorotz...

Las Vegas, NV - May 15, 2012 - (RealEstateRama) -- Why would you pay a Nevada Attorney thousands of dollars to handle your short sale when short sales are free? There has never been a better time to do a short sale. Many banks are now waiving their rig...

WASHINGTON, D.C. - May 14, 2012 - (RealEstateRama) -- Preet Bharara, the United States Attorney for the Southern District of New York, Stuart F. Delery, the Acting Assistant Attorney General for the Civil Division of the U.S. Department of Justice, Helen Kanovsky, General Counsel of the U.S. Department of Housing and Urban Development (“HUD”), and David A. Montoya, Inspector General of HUD, announced today that the United States has settled a civil fraud lawsuit against DEUTSCHE BANK AG, DB STRUCTURED PRODUCTS, INC., DEUTSCHE BANK SECURITIES, INC. (collectively “DEUTSCHE BANK” or the “DEUTSCHE BANK defendants”) and MORTGAGEIT, INC. (“MORTGAGEIT”)

New York, NY - May 11, 2012 - (RealEstateRama) -- "The dream to come from nothing and buy a home." These are powerful words, and I want to thank Mitch for sharing his amazing family story with us today. Ladies and Gentlemen, Mitch Kider is with us today. Mitch, would you please stand and be recognized?

WASHINGTON, D.C. - May 11, 2012 - (RealEstateRama) -- Mortgage applications increased 1.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 4, 2012.

WASHINGTON, DC - May 11, 2012 - (RealEstateRama) -- Community Bank Mortgage LLC, a subsidiary of the American Bankers Association, has renewed its agreement with SunTrust Mortgage Inc. as one of the program's preferred secondary market investors. With this partnership, Community Bank Mortgage LLC owner banks can sell loans on a servicing-released basis to SunTrust Mortgage and access their full line of products, including jumbo loans.

WASHINGTON, DC - May 8, 2012 - (RealEstateRama) -- Today, Senate Banking Committee Chairman Tim Johnson (D-SD) held a hearing entitled “Expanding Refinancing Opportunities to Improve the Housing Market.” The Committee heard from HUD Secretary Shaun Donovan, discussed the state of the housing market and explored potential legislative and regulatory options to help responsible homeowners refinance their mortgages and avoid foreclosure.

Destin, FL - May 8, 2012 - (RealEstateRama) -- For the second time in less than a year, respondents to a Housing Predictor poll say that banks and other mortgage lenders should be forced to reduce mortgage principal and cut loan payments for underwater homeowners.

WASHINGTON, DC - May 7, 2012 - (RealEstateRama) -- Community Bank Mortgage LLC, an American Bankers Association subsidiary, paid out $2.15 million in 2011 to participating banker-owners who sold loans to LLC affiliates. The average payout to active owners was $50,026

WASHINGTON, D.C. - May 4, 2012 - (RealEstateRama) -- Mortgage applications increased 0.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 27, 2012.

WASHINGTON, D.C. - May 4, 2012 - (RealEstateRama) -- Lew Ranieri, considered the “father” of the mortgage securitization market, Raj Date, Deputy Director of the Consumer Financial Protection Bureau, and Scott Simon, Managing Director and head of the mortgage- and asset-backed securities teams at PIMCO, are among the speakers at MBA's Secondary Market Conference & Expo, the largest annual gathering for secondary market executives, taking place May 6-9, 2012 at the Marriot Marquis in New York City.

WASHINGTON, DC - May 4, 2012 - (RealEstateRama) -- Business Solutions, an American Bankers Association subsidiary, announced that its free Mortgage Solutions programs saved actively participating ABA member banks more than $26.7 million in 2011.

Albuquerque, NM - May 3, 2012 - (RealEstateRama) -- Bank owned homes will dominate the 2012 real estate market according to Albuquerque REALTOR® Joe Maez of Keller Williams Realty Westside.

WASHINGTON, DC - May 3, 2012 - (RealEstateRama) -- In a letter today, ABA along with the entire industry of mortgage lenders and real estate service providers reiterated our unified position that the CFPB's Qualified Mortgage rule must include a legal safe harbor with clear standards in order to preserve sustainable mortgage credit.

EDISON, NJ - May 3, 2012 - (RealEstateRama) -- REMN Wholesale, a division of Real Estate Mortgage Network, Inc., continues to grow and is actively looking for all-star Account Executives to join their team in the Southeast, Southwest and the state of Texas. While this has been a challenging year for many lenders, REMN Wholesale has continued to see success through a mix of quality products, commitment to its retail partners and its industry-leading reputation for same day turnaround on new files.