Mortgage

Mortgage

AG Reminds Consumers of Upcoming Claims Deadline in National Mortgage Settlement

Jackson, MS - January 11, 2012 - (RealEstateRama) -- Attorney General Jim Hood reminds Mississippians that all claims applications covered by the National Mortgage Settlement are due January 18, 2013

New Qualified Mortgage Guidelines Released

WASHINGTON, D.C. - January 11, 2012 - (RealEstateRama) -- Community Associations Institute (CAI) is studying the long-awaited federal Qualified Mortgage (QM) standards published Jan. 10 by the Consumer Financial Protection Bureau (CFPB). The new guidel...

New CFPB rules crack down on irresponsible mortgage lending

WASHINGTON, D.C. - January 10, 2012 - (RealEstateRama) -- The Consumer Financial Protection Bureau (CFPB) released rules today designed to prevent mortgage lenders from making risky, unaffordable loans. These ability-to-repay rules require that lenders document and verify information demonstrating that a borrower can afford a loan and define a class of mortgages, called Qualified Mortgages (QM), that are presumed to comply with the ability-to-repay rules.

NCRC Statement on the CFPB’s Qualified Mortgage Rule

Washington, DC - January 10, 2012 - (RealEstateRama) -- Today, in reaction to the Consumer Financial Protection Bureau’s (CFPB) release of the Qualified Mortgage (QM) rule and the inclusion of a legal “safe harbor” for certain qualified mortgages, NCRC President and CEO John Taylor made the following statement:

Mortgage Broker Sentenced for Federal Offenses

HONOLULU - January 10, 2012 - (RealEstateRama) -- Estrellita “Esther” Garo Miguel, age 62, a Honolulu mortgage broker who operated the business Easy Mortgage, was sentenced yesterday to 52 months’ imprisonment by Chief United States District Judg...

ICBA’s Karen Thomas Testifies at CFPB’s Field Hearing on Mortgage Policy—Comments on New QM...

Washington, D.C. - January 10, 2012 - (RealEstateRama) -- Karen Thomas, senior executive vice president of government relations and public policy for the Independent Community Bankers of America (ICBA), testified today during the Consumer Financial Protection Bureau’s (CFPB) field hearing on mortgage policy in Baltimore, Md. Thomas’ testimony comes on the day that the CFPB released its final rule on consumers’ ability to repay mortgage loans—provisions known as the “qualified mortgage” rule. Included below are Thomas’ remarks.

Chairman Hensarling Responds to CFPB’s New Mortgage Rules

Washington, DC - January 10, 2012 - (RealEstateRama) -- Financial Services Committee Chairman Jeb Hensarling made the following comments about the Ability to Repay and Qualified Mortgage rule released by the Consumer Financial Protection Bureau today

Mortgage Ploy – Horne Issues Consumer Warning

PHOENIX - January 10, 2012 - (RealEstateRama) -- Arizona homeowners should be on the lookout for a mailing that appears to be a legal document, but may be a ploy against mortgage consumers, Attorney General Tom Horne said today.

30-Year Fixed-Rate Mortgage Averages 3.40 Percent

MCLEAN, VA - January 10, 2012 - (RealEstateRama) -- Freddie Mac (OTCBB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing fixed mortgage rates moving higher following December's employment report. The 30-year fixed averaged 3.40 percent, its highest reading in eight weeks. The all-time record low for the average 30-year fixed was 3.31 percent set November 21, 2012.

Ability To Repay And “QM” Rules Cement New Consumer Mortgage Protections

Washington, D.C. - January 10, 2012 - (RealEstateRama) -- The Consumer Financial Protection Bureau’s (CFPB) release on Thursday of a final rulemaking implementing key provisions of the Dodd-Frank Act cements in place important consumer protections in the mortgage market, CFA said today.

MBA Chairman Debra Still Comments on Qualified Mortgage/Ability to Repay Rule

WASHINGTON, D.C. - January 10, 2012 - (RealEstateRama) --Debra W. Still, CMB, Chairman of the Mortgage Bankers Association (MBA), issued the following statement on the final Qualified Mortgage/Ability to Repay rule released today by the Consumer Financial Protection Bureau (CFPB)

Statement from NAHB Chairman Barry Rutenberg on Qualified Mortgage Rule

WASHINGTON, D.C. - January 10, 2012 - (RealEstateRama) -- Barry Rutenberg, chairman of the National Association of Home Builders (NAHB) and a home builder from Gainesville, Fla., today issued the following statement regarding the Consumer Financial Protection Bureau’s newly-released standard on the definition of a qualified mortgage (QM) which addresses the borrower’s ability to repay a home loan:

Real Estate Mortgage Network, Inc., Readies HomeBridge Correspondent In Anticipation of 2013 First Quarter...

Edison, NJ - January 10, 2012 - (RealEstateRama) -- Real Estate Mortgage Network, Inc. (REMN), a privately held national lending institution, announced today that their conduit platform, d/b/a HomeBridge, is nearing their anticipated launch date of HomeBridge Correspondent for 2013 Q1. Additionally, under the leadership of Bela M. Donine, Managing Director, HomeBridge Correspondent announces their correspondent national sales team that includes the following industry veterans

Real Estate Mortgage Network, Inc., Hires Nationally Known Renovation Lending Expert to Lead New...

Richmond, VA - January 10, 2012 - (RealEstateRama) -- Real Estate Mortgage Network, Inc. (REMN), one of the largest privately held non-bank lenders in the US, continues to expand its South Atlantic presence with a new office in Richmond, VA. Led by Branch Manager Lindy Pond, a nationally recognized renovation lending expert, this new REMN office will provide Central Virginia home buyers, home owners and real estate professionals with the high levels of quality and customer service that REMN is known for nationwide.

MERSCORP Holdings, Inc. December 2012 News Summary

Reston, Virginia - January 10, 2012 - (RealEstateRama) -- Below is a monthly summary of major legal decisions involving either the use of the MERS® System database or Mortgage Electronic Registration Systems, Inc. (MERS) and its role in the mortgage process. Please feel free to contact the MERSCORP Holdings, Inc. Communications department with any questions and visit the MERS Newsroom for a full list of news releases.

Business Real Estate Press Releases

Wals Homewood IL

The Boulder Group Arranges Sale of Single Tenant Net Leased Walgreens...

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Walgreens property located at 820 183rd Street in Homewood, Illinois for $2,925,000. The 13,905 square foot Walgreens is positioned just off of the signalized intersection of 183rd Street and Halsted Street which experiences a combined traffic count of 52,300 vehicles per day.

Recent Gov & Nonprofit Real Estate Press Releases

Wals Homewood IL

The Boulder Group Arranges Sale of Single Tenant Net Leased Walgreens...

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Walgreens property located at 820 183rd Street in Homewood, Illinois for $2,925,000. The 13,905 square foot Walgreens is positioned just off of the signalized intersection of 183rd Street and Halsted Street which experiences a combined traffic count of 52,300 vehicles per day.