Archives

SAN DIEGO, - August 13, 2013 - (RealEstateRama) -- DataQuick®, a provider of advanced real estate information solutions powered by data, analytics and decisioning, has expanded the availability of its pre-foreclosure intelligence from 156 US counties to 872 counties—significantly enhancing distressed property analysis capabilities for originators, risk managers and servicers.

WASHINGTON, D.C. - August 6, 2013 - (RealEstateRama) -- Glen Alan Ward, 48, a former Los Angeles resident who fled to Canada and was a federal fugitive for 12 years, was sentenced today to serve 132 months in prison for aggravated identity theft and bankruptcy fraud in connection with his leading role in a nearly 15-year foreclosure-rescue scam that fraudulently postponed foreclosure sales for more than 800 distressed homeowners

WASHINGTON, DC - August 2, 2013 - (RealEstateRama) -- Almost 3 million people have cashed or deposited more than $2.6 billion in checks related to the Independent Foreclosure Review (IFR) Payment Agreement through August 1, 2013.

WASHINGTON, D.C. - July 31, 2013 - (RealEstateRama) -- When Ethel Brown discovered that she was about to lose her home of 20 years because her landlord was in foreclosure, she could have been another statistic of the foreclosure crisis, uprooted by a mortgage institution that didn’t care about her or the condition of the house. But through three years of her family’s persistence, PJC legal advocacy and support from community organizing allies, her sons purchased the house from Fannie Mae.

Reston, Virginia, - July 29, 2013 - (RealEstateRama) -- MERSCORP Holdings, Inc. today announced that Rhode Island Superior Court Associate Justice Allen P. Rubine rejected another claim of wrongful foreclosure against Mortgage Electronic Registration Systems, Inc. (MERS) and other co-defendants.

WASHINGTON, D.C. - July 24, 2013 - (RealEstateRama) -- The Illinois Attorney General's office has awarded $3 million to a coalition of city and community groups led by Peoria LISC. The funds will support the demolition of buildings, the construction and rehab of homes and housing counseling services in Peoria's East Bluff neighborhood. "It is why we came to Peoria- to energize projects, programs and community-based organizations in ways that improve the quality of life in challenged neighborhoods," says Brandon Holmes, Executive Director of Peoria LISC.

WASHINGTON - July 12, 2013 - (RealEstateRama) -- Nearly 2.9 million checks, totaling more than $2.5 billion, related to the Independent Foreclosure Review (IFR) Payment Agreement have been cashed or deposited through July 11, 2013.

HARRISBURG - July 9, 2013 - (RealEstateRama) -- The Pennsylvania Housing Finance Agency today launched its Mortgage Credit Certificate (MCC) Program, which provides a limited tax credit for eligible homebuyers. A mortgage credit certificate lets qualified homebuyers claim a tax credit that reduces, on a dollar-for-dollar basis, their federal income tax liability, if any, for the life of the loan. The mortgage credit certificate provides this benefit as long as the home remains the homeowners’ primary residence.

WASHINGTON, D.C. - July 9, 2013 - (RealEstateRama) -- This week, Senate Bill 383, now Public Act 104 of 2013, was signed into law by Governor Snyder. As you may recall, the initial legislative proposal was to shorten Michigan’s 6 month redemption period down to 2 months. With the signing of the new law, homeowners will still have the benefit of the 6 month redemption period in order to pursue short-sales and other transactions that provide for homeowner-to-homeowner transfers.

Jefferson City, MO - July 8, 2013 - (RealEstateRama) -- Attorney General Chris Koster today announced that Missouri borrowers who submitted a valid foreclosure payment claim through the National Mortgage Settlement will receive a payment this month for approximately $1,480.

Wednesday, DC - July 5, 2013 - (RealEstateRama) -- LANSING, Mich. - Gov. Rick Snyder today signed a supplemental budget bill that includes $4 million for the State Forensics Laboratory Fund to conduct DNA testing on thousands of unprocessed rape kits from crimes committed in the city of Detroit.

WASHINGTON, D.C. - July 2, 2013 - (RealEstateRama) -- The Federal Trade Commission filed suit in federal court to halt a mortgage relief scheme that allegedly deceived and preyed on distressed homeowners by charging them $2,000 to $4,000 based on bogus foreclosure rescue claims

Washington, DC - July 1, 2013 - (RealEstateRama) -- Fannie Mae and Freddie Mac completed more than 130,000 foreclosure prevention actions during the first quarter of 2013, bringing the total foreclosure prevention actions to nearly 2.8 million since the start of conservatorship in 2008. These actions have helped more than 2.3 million borrowers stay in their homes, including nearly 1.4 million who received permanent loan modifications. The results are detailed in the Federal Housing Finance Agency’s first quarter 2013 Foreclosure Prevention Report, also known as the Federal Property Manager’s Report

WASHINGTON, D.C. - June 28, 2013 - (RealEstateRama) -- Four Northern California real estate investors have agreed to plead guilty for their role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Northern California, the Department of Justice announced

Washington, DC - June 24, 2013 - (RealEstateRama) -- This week NeighborWorks America received the Annual Housing Person of the Year Award from the National Housing Conference (NHC) at NHC’s 41st Annual Housing Person of the Year Gala at the National Building Museum. NeighborWorks America was honored as an important leader in moving housing forward from the housing crisis that the nation has faced for the last several years

WASHINGTON, DC - June 24, 2013 - (RealEstateRama) -- HOPE NOW, the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors, released its April 2013 loan modification data. An estimated 70,000 homeowners received permanent, affordable loan modifications from mortgage servicers during the month. This total includes modifications completed under both proprietary programs and the government’s Home Affordable Modification Program (HAMP).

SAN DIEGO - June 19, 2013 - (RealEstateRama) -- Home prices continued to trend upward in May as growth spread to more areas of the country, according to the Property Intelligence Report (PIR) from DataQuick®, a provider of advanced real estate information solutions.

WASHINGTON, DC - June 18, 2013 - (RealEstateRama) -- As part of its continuing effort to assist families and individuals with their housing needs and to prevent future foreclosures, the U.S. Department of Housing and Urban Development (HUD) today announced more than $40 million in housing counseling grants to 334 national, regional and local organizations. As a result of these grants and the additional funding they help leverage, more than 1.6 million households will have a greater opportunity to find housing, make more informed housing choices or keep their current homes.

WASHINGTON, DC - June 17, 2013 - (RealEstateRama) -- More than 2.7 million checks, totaling more than $2.4 billion, related to the Independent Foreclosure Review (IFR) Payment Agreement have been cashed or deposited through June 13, 2013

WASHINGTON - June 10, 2013 - (RealEstateRama) -- Nearly 2.7 million checks have been cashed or deposited for about $2.4 billion as a result of the Independent Foreclosure Review (IFR) Payment Agreement through June 6, 2013.