Archives

WASHINGTON, D.C. - February 7, 2013 - (RealEstateRama) -- The defendants behind an operation that allegedly preyed on vulnerable homeowners have agreed to settle Federal Trade Commission charges that they lured people into paying $1,995 or more by holding out bogus promises that they could help them avoid foreclosure and renegotiate their mortgages

Reston, Virginia - February 7, 2013 - (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 Office of Communications at MERSCORP Holdings, Inc. with any questions and visit the MERS Newsroom for a full list of news releases.

MCLEAN, VA--(Marketwire - Feb 7, 2013) - Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey(R) (PMMS®), showing mortgage rates either unchanged or lower and should continue to aid in the ongoing housing recovery.

WASHINGTON, DC - February 6, 2013 - (RealEstateRama) -- House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s hearing on the proper role of the Federal Housing Administration (FHA) in the nation's mortgage insurance market. Today's hearing is the first in a series of hearings the committee plans on the FHA.

WASHINGTON, D.C. - February 6, 2013 - (RealEstateRama) -- Mortgage applications increased 3.4 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 1, 2013. Last week’s results included an adjustment for the Martin Luther King holiday.

San Diego, CA - February 6, 2013 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today awarded Robert M. Stout, CRI, President and CEO of Q10 Capital, LLC, with the 2013 CREF Distinguished Service Award at the Association's 23rd annual Commercial Real Estate Finance(CREF)/Multifamily Housing Convention & Expo held in San Diego, CA. The award was given to Stout in recognition of his dedication and service to MBA and the real estate finance industry

San Diego, CA - February 6, 2013 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today presented Guy Johnson, President of Johnson Capital Group, Inc., with its first ever “Be A Leader” award at the Association's 23rd annual Commercial Real Estate Finance(CREF)/Multifamily Housing Convention & Expo held in San Diego, CA. Brian F. Stoffers, CMB, President, CBRE Debt & Equity Finance and Chair of MBA’s Commercial Real Estate/Multifamily Finance Board of Governors (COMBOG) presented the award to Johnson in recognition of his commitment to member outreach to the commercial/multifamily real estate finance industr

BOCA RATON, FL - February 6, 2013 - (RealEstateRama) -- The deadline is fast approaching for the National Association of Real Estate Editors' 63rd Annual NAREE Journalism Competition for real estate and home and design writers and editors.The entry deadline is March 1, 2013, for work published or aired in 2012.

WASHINGTON, D.C. - February 6, 2013 - (RealEstateRama) -- A Miami title agent and former mortgage broker was found guilty late yesterday, Feb. 4, 2013, for her role in a “reverse mortgage” fraud scheme in connection with a loan worth more than $400,000, announced Assistant Attorney General Lanny A. Breuer of the Justice Department’s Criminal Division and U.S. Attorney Wifredo A. Ferrer of the Southern District of Florida.

Washington, DC - February 5, 2013 - (RealEstateRama) -- Today, the National Community Reinvestment Coalition (NCRC) applauded the news that the U.S. Department of Justice has filed a civil fraud complaint against Standards and Poor’s Rating Services for inflating crediting ratings for residential mortgage backed securities and collateralized debt obligations in the years leading to the financial crisis.

WASHINGTON, D.C. - February 5, 2013 - (RealEstateRama) -- Good morning – and thank you all for being here. Today, I am joined by Acting Associate Attorney General Tony West; Principal Deputy Assistant Attorney General for the Civil Division Stuart Delery; United States Attorney Andre Birotté, Jr., for the Central District of California; and attorneys general from six states and the District of Columbia – in announcing the latest steps forward in our ongoing efforts to protect the American people from financial fraud, to hold accountable those who violate our laws and abuse the public trust, and to seek justice for all whose lives were devastated by the recent economic crisis

MCLEAN, VA - February 5, 2013 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) announces its highest-producing multifamily mortgage sellers of 2012. These are the lenders who transacted the most financing volume with Freddie Mac. Through these and other lenders, the company settled a record $28.8 billion in new multifamily volume last year, comprising 435,000 rental units, and resulting in over $21 billion in mortgage securitizations.

MCLEAN, VA - February 5, 2013 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) released the results of its fourth quarter refinance analysis showing homeowners who refinance continue to strengthen their fiscal house. This release also contains annual statistics on refinances for the ten largest metropolitan areas and four Census regions of the U.S.

San Diego, CA - February 5, 2013 - (RealEstateRama) -- $119.5 billion, eight percent of the outstanding balance, of commercial and multifamily mortgages held by non-bank lenders and investors will mature in 2013, a 21 percent decline from the $150.6 billion that matured in 2012, according to today’s release of the Mortgage Bankers Association’s (MBA) 2012 Commercial Real Estate/Multifamily Survey of Loan Maturity Volumes

San Diego, CA - February 4, 2013 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its year-end ranking of commercial and multifamily mortgage servicers as of the end of December 31, 2012. At the top of the list of firms is Wells Fargo with $429.1 billion in U.S. master and primary servicing, followed by PNC Real Estate/Midland Loan Services with $337.6 billion, Berkadia Commercial Mortgage LLC with $197.3 billion, Bank of America Merrill Lynch with $112.5 billion, and KeyBank Real Estate Capital with $101.2 billion.

San Diego, CA - February 4, 2013 - (RealEstateRama) -- In its second annual forecast of the commercial/multifamily real estate finance markets, the Mortgage Bankers Association (MBA) projects originations of commercial and multifamily mortgages will grow to $254 billion in 2013, an increase of 11 percent from 2012 volumes, and continue to rise to $289 billion in 2015. Originations of multifamily mortgages are forecast at $100 billion in 2013.

San Diego, CA - February 4, 2013 - (RealEstateRama) -- Commercial and multifamily mortgage originations increased 49 percent between the third and the fourth quarters of 2012, and were also up 49 percent compared to the fourth quarter of 2011, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations

BOCA RATON, FL - February 4, 2013 - (RealEstateRama) -- The deadline is fast approaching for the National Association of Real Estate Editors' 63rd Annual NAREE Journalism Competition for real estate writers and editors. The deadline for entries is March 1, 2013, for work published or aired in 2012.

DETROIT - January 31, 2013 - (RealEstateRama) -- Detroit-based Quicken Loans Inc., the nation’s argest online home lender and third largest retail mortgage lender has been ranked America’s Top Workplace in a list released today by Workplace Dynamics. Quicken Loans earned the 1st place ranking following a Workplace Dynamics review of 872 organizations and thousands of employee surveys from all over the country.

DETROIT, - January 31, 2013 - (RealEstateRama) -- Quicken Loans Inc, the nation’s third largest mortgage lender, today announced it has again partnered with Michigan International Speedway (MIS) in Brooklyn, Michigan, to sponsor the Quicken Loans 400 NASCAR Sprint Cup Series race on Sunday, June 16