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MassHousing Honors Seven Lenders for Commitment to Affordable Housing

BOSTON, MA - August 18, 2011 - (RealEstateRama) -- MassHousing has honored seven of its 2010 top-producing home mortgage lending partners for their commitment to affordable homeownership.

Serious mortgage delinquency rates stabilize in U.S. metro areas, but share of loans in...

WASHINGTON, DC - August 17, 2011 - (RealEstateRama) -- Serious delinquency rates for mortgages continue to stabilize across the largest 100 U.S. metropolitan areas, though they remain at historically high levels according to the latest data from Foreclosure-Response.org. Serious delinquency, defined as the share of loans in foreclosure plus the share of loans delinquent 90 or more days, fell 10% from the peak in December 2009 through March 2011. The 90+-day delinquency component of the figure fell from 5.5% of the mortgage market to 3.9% over the same period. However, the share of homes in foreclosure continues to rise, increasing 12% in that period.

Georgia Department of Banking and Finance’s Order to Cease and Desist Issued to Mortgage...

Atlanta, GA - August 17, 2011 - (RealEstateRama) -- On August 16, 2011, an Order to Cease and Desist issued by the Georgia Department of Banking and Finance (“Department”) to Mortgage Foreclosure Experts, LLC dba www.mortgageforeclosureexperts.o...

Orlando Lender FBC Mortgage, LLC. a winner in the OBJ 2011 Best Places To...

Orlando, FL - August 17, 2011 - (RealEstateRama) -- Orlando mortgage lender FBC Mortgage, LLC was a proud winner in the Orlando Business Journal’s 2011 Best Places to Work on Friday, August 12, 2011. FBC was named a winner in the medium company category (firms with 51 – 150 employees located in the Central Florida area) at the OBJ’s event at the Wyndham Orlando Resort. FBC Mortgage was one of 152 companies nominated in the 2011 Best Places To Work competition.

GoFightForeclosure.com Declares Homeowners Trying To Stop Foreclosure Endangered Species

Atlanta, GA - August 17, 2011 - (RealEstateRama) -- GoFightForeclosure.com the Go Fight Foreclosure System today announced a warning signal to homeowners that they must contest to stop foreclosure. Citing homeowners fighting foreclosures are now endangered species after a ruling from a judge in New Jersey approving that four major banks can resume uncontested foreclosures

Serious mortgage delinquency rates stabilize in U.S. metros, but share of loans in foreclosure...

WASHINGTON, DC - August 17, 2011 - (RealEstateRama) -- Serious delinquency rates for mortgages continue to stabilize across the largest 100 U.S. metropolitan areas, though they remain at historically high levels according to the latest data from Foreclosure-Response.org. Serious delinquency, defined as the share of loans in foreclosure plus the share of loans delinquent 90 or more days, fell 10% from the peak in December 2009 through March 2011. The 90+-day delinquency component of the figure fell from 5.5% of the mortgage market to 3.9% over the same period. However, the share of homes in foreclosure continues to rise, increasing 12% in that period.

Refinance Applications Increase in Latest MBA Weekly Survey

WASHINGTON, D.C. - August 17, 2011 - (RealEstateRama) -- Mortgage applications increased 4.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending August 12, 2011.

Faris Lee Capital Completes $18 Million Recapitalization of a 200,000 SF Retail Center in...

New York, NY - August 17, 2011 - (RealEstateRama) -- Faris Lee Investments, the nation’s largest retail-specialized investment sales and advisory firm, along with Faris Lee Capital, has completed the $18 million recapitalization of a 200,000-square-foot retail center in Normal, IL on behalf of the owner, The Dial Companies, a large Midwest developer. Built in 2007, the center’s anchor tenants include Schnucks Grocery and a 14-screen Starplex Theater. The center is currently 70 percent occupied and has 12 outparcels available for future sale, lease or development

Injunction Obtained in New York Loan Modification Scam Lawsuit Against Homesafe America, Inc.

NEW YORK, NY - August 16, 2011 - (RealEstateRama) -- This morning, Justice John M. Galasso of the Nassau County Supreme Court issued a sweeping order shutting down one of New York’s largest mortgage scam operations pending trial. The order is the most substantial victory to date in a year-long legal campaign against “loan modification scams” in New York and nationwide.

Ellie Mae® Acquires Del Mar Datatrac

PLEASANTON, CA - August 16, 2011 - (RealEstateRama) -- Ellie Mae® (NYSE Amex: ELLI), a leading provider of automation solutions for the residential mortgage industry, announced today that it has acquired Del Mar Datatrac, Inc. The acquisition accelerates Ellie Mae’s growth strategy by expanding its already extensive lender customer base, significantly increasing the number of mortgages funded by its customers, and broadening the functionality of its Encompass® solutions.

President Robinson’s Statement on Attorney Exemption in HUD’s Final Rule

WASHINGTON, D.C. - August 15, 2011 - (RealEstateRama) -- The Department of Housing and Urban Development’s final mortgage loan originator rule, which exempts licensed attorneys when they are providing legal services to their clients and are in compliance with all applicable state court ethical rules and standards, is not just a win for the already well-regulated legal profession, but also for their homeowner clients.

Seeking Public Assistance Identifying Hawaii Residents Who May Be Victims of Mortgage/Foreclosure Rescue Scheme

August 15, 2011 - (RealEstateRama) -- The Honolulu FBI is seeking the public’s assistance in identifying residents of Hawaii who may have been defrauded by a Missouri-based company doing business as 1st Financial Resource LLC and 1st Federal Resource...

GoFightForeclosure.com Secret Tips To Stop Foreclosure Win Free Clear Title

Atlanta, GA - August 15, 2011 - (RealEstateRama) -- GoFightForeclosure.com today announced three secret tips to stop foreclosure and win free clear title. Citing the best way to stop any foreclosure no matter how many days the loan is past due should be to determine that the mortgage lender is not a Holder In Due Course.

GoFightForeclosure.com Best Foreclosure Practice How-to Challenge Mortgage Note and Win

Atlanta, GA - August 12, 2011 - (RealEstateRama) -- GoFightForeclosure.com today announced how homeowners cheat foreclosure and beat the bank. Citing today homeowners have a major advantage to avoid foreclosures by using reckless bookkeeping as a fo...

Mortgage Broker Pleads Guilty in $20 Million Mortgage Fraud Scheme

MINNEAPOLIS, MN - August 11, 2011 - (RealEstateRama) -- Earlier today in federal court, an Edina mortgage broker pleaded guilty for his role in a $20 million mortgage fraud scheme that involved 57 properties. Derrick Ivan Lance, age 40, of Edina, speci...

FORECLOSURE-RESPONSE.ORG TEAM TO RELEASE LATEST DATA ON SERIOUS MORTGAGE DELINQUENCY AND FORECLOSURE RATES FOR...

August 11, 2011 - (RealEstateRama) -- On Tuesday, August 16, 2011, The Foreclosure-Response.org team—the Local Initiatives Support Corporation (LISC), Urban Institute and the Center for Housing Policy—will release the newest data on and analysis of seriously delinquent mortgages for all 366 U.S. metro areas as of March 2011.

MRG Document Technologies Named a Top 50 Service Provider by Mortgage Technology Magazine

DALLAS, TX - August 10, 2011 - (RealEstateRama) -- MRG Document Technologies (MRG), a provider of mortgage document preparation software and loan document packages to banks, credit unions and other lenders nationwide, has been named a 2011 Top 50 Service Provider by Mortgage Technology Magazine.

Mortgage Applications Increase Significantly, Driven by Surge in Refinance Activity

WASHINGTON, D.C. - August 10, 2011 - (RealEstateRama) -- Mortgage applications increased 21.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending August 5, 2011.

MBA Hires Brian Hartman to be Associate Vice President of Marketing

WASHINGTON, D.C. - August 8, 2011 - (RealEstateRama) -- David H. Stevens, President and CEO of the Mortgage Bankers Association (MBA), today announced the appointment of Brian Hartman as Associate Vice President of Marketing. In this role, he will help develop, execute and manage MBA’s direct marketing programs. He will work in close partnership with other departments in MBA’s Communications, Marketing and Education Group to maximize marketing impact. He will also serve as a strategic partner to other MBA business units in an effort to maintain and improve the customer’s and member’s “return on investment.”

GoFightForeclosure.com Top Five Foreclosure Tactics To Get The Bank To Cancel Foreclosure Sales

Atlanta, GA - August 8, 2011 - (RealEstateRama) -- Gofightforeclosure.com a self help system that shows homeowners defenses to fight home foreclosure and mortgage fraud through tactics how to challenge mortgage notes. Today announced the top five foreclosure tactics to get the bank to cancel foreclosure sales. Citing that bank foreclosures are rarely enforceable because of the lack of security interest.

Business Real Estate Press Releases

Support Ukrainian Refugees

GFP Real Estate and Its Tenants Raise More Than $200,000 to...

GFP Real Estate is pleased to announce that its "Support Ukraine in Crisis" campaign raised more than $200,000 to support humanitarian relief efforts on the ground in Ukraine.

Recent Gov & Nonprofit Real Estate Press Releases

Support Ukrainian Refugees

GFP Real Estate and Its Tenants Raise More Than $200,000 to...

GFP Real Estate is pleased to announce that its "Support Ukraine in Crisis" campaign raised more than $200,000 to support humanitarian relief efforts on the ground in Ukraine.