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Washington, D.C. - January 18, 2012 - (RealEstateRama) -- The Independent Community Bankers of America (ICBA) today said it is encouraged that the Consumer Financial Protection Bureau’s (CFPB) final rules establishing new mortgage-servicing rules recognize the sound practices of community bank servicers. By exempting servicers that service 5,000 or fewer mortgage loans, the bureau recognizes that community bank servicers did not engage in the abuses that have roiled the housing market.

January 17, 2012 - (RealEstateRama) -- Today, in response to the Consumer Financial Protection Bureau’s (CFPB) release of National Mortgage Servicing rules, the California Reinvestment Coalition’s Associate Director Kevin Stein released this statement

COLUMBUS, OH - January 17, 2012 - (RealEstateRama) -- Ohio Attorney General Mike DeWine today reminded eligible Ohioans that January 18th is the deadline to submit claims for compensation to the National Mortgage Settlement Administrator. Pursuant to t...

COLUMBUS - January 17, 2012 - (RealEstateRama) -- Gordon L. Yocom, 44, of Dublin, Ohio, pleaded guilty to conspiracy to commit money laundering for fraudulently obtaining a mortgage loan to finance the purchase of a real estate property in Powell, Ohio...

MCLEAN, VA - January 17, 2012 - (RealEstateRama) -- Freddie Mac (OTCBB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing mortgage rates largely unchanged from the previous week helping to keep homebuyer affordability high, refinancing strong and should continue to aid the ongoing housing recovery.

WASHINGTON, D.C. - January 17, 2012 - (RealEstateRama) -- David H. Stevens, President and CEO of the Mortgage Bankers Association (MBA), issued the following statement on the final Mortgage Servicing Rules released today by the Consumer Financial Protection Bureau (CFPB).

WASHINGTON, D.C. - January 17, 2012 - (RealEstateRama) -- David H. Stevens, President and CEO of the Mortgage Bankers Association, today delivered a speech to the Exchequer Club of Washington, DC on the housing market and housing policy titled, “Consumers Deserve a Balanced, Transparent, Coordinated Housing Policy System.”

WASHINGTON, D.C. - January 17, 2012 - (RealEstateRama) -- New rules from the Consumer Financial Protection Bureau will benefit millions of Americans by fixing several key problems that have plagued mortgage servicing. The rules establish basic standards such as requiring a timely application of monthly mortgage payments and a prompt correction of errors. The rules also restrict servicers from forcing borrowers into high-cost homeowners’ insurance policies—a common, needless and deceptive practice.

DES MOINES - January 17, 2012 - (RealEstateRama) -- Wells Fargo & Company (NYSE: WFC), the nation’s largest home mortgage lender, today announced plans to host nine Home Preservation Workshops for Wells Fargo Home Mortgage, Wells Fargo Financial, and Wells Fargo Home Equity customers facing financial hardships. Wells Fargo will invite thousands of customers who may be experiencing mortgage payment challenges to the free workshops. Parking is free

January 16, 2012 - (RealEstateRama) -- Keep Your Home California now has 101 mortgage servicers on board with their state-managed mortgage assistance program. More servicers participating means more low to moderate income homeowners can be helped throu...

DETROIT, - January 16, 2012 - (RealEstateRama) -- Detroit-based Quicken Loans Inc., the nation’s largest online home lender and third largest retail mortgage lender, today announced it has been named to the top-30 of FORTUNE Magazine’s annual “100 Best Companies to Work For” list for the 10th consecutive year. The company earned a 13th place ranking in the magazine’s benchmark study of workplace satisfaction, making it the highest ranked Michigan-based business and mortgage lender on the list.

WASHINGTON, D.C. - January 16, 2012 - (RealEstateRama) -- Mortgage applications increased 15.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 11, 2013

WASHINGTON, D.C. - January 16, 2012 - (RealEstateRama) -- Goldman Sachs and Morgan Stanley have reached agreements in principle with the Federal Reserve Board to pay $557 million in cash payments and other assistance to help mortgage borrowers.

TALLAHASSEE, FL - January 16, 2012 - (RealEstateRama) -- Attorney General Pam Bondi’s office, working with Rust Consulting, Inc., has begun outbound calls to reach Florida borrowers who may be eligible for cash payments under the national mortgage se...

New York, NY - January 16, 2012 - (RealEstateRama) -- Brooklyn-based real estate developer Schelton Assoumou was arrested today on charges of bank fraud and wire fraud for his participation in a multi-year mortgage fraud scheme. The defendant’s initi...

Reston, Virginia - January 16, 2012 - (RealEstateRama) -- MERSCORP Holdings, Inc. today announced that U.S. District Senior Judge Ortrie D. Smith of the U.S. District Court for the Western District of Missouri, Western Division, ruled yesterday in favo...

GREENBELT, MD - January 15, 2012 - (RealEstateRama) -- U.S. District Judge Peter J. Messitte sentenced Dennis O. Edwards, age 49, of Silver Spring, Maryland, today to 21 months in prison, followed by three years of supervised release, for conspiracy to...

COLUMBUS, OH - January 15, 2012 - (RealEstateRama) -- Today, U.S. Sen. Sherrod Brown (D-OH) revealed how Ohioans will be affected by this month’s deal requiring banks to pay $8.5 billion to homeowners who were hurt by the mortgage crisis. Brown was j...

WASHINGTON, D.C. - January 15, 2012 - (RealEstateRama) -- Mortgage Cadence LLC, a leading provider of Enterprise Lending Solutions (ELS), Document Services, Compliance and Default Servicing Technology for the financial services industry, announced today its readiness to meet the new Qualified Mortgage (QM) Rules released on January 10, 2013 by the Consumer Finance Protection Bureau. The Rules are slated to go into effect on January 1, 2014

Washington, DC - January 15, 2012 - (RealEstateRama) -- The fifth NMLS Annual Conference and Training will be held February 26 to March 1, 2013 in San Antonio, Texas. The Conference, which is open to media, is designed for both new and experienced users of the Nationwide Mortgage Licensing System and Registry (NMLS) and is attended by state and federal regulators, licensees, registrants, members of the media, education providers, and other interested parties. The Conference provides an invaluable exchange of information among NMLS users.