Archives

Inlanta Mortgage has welcomed several new employees over the last year, but only one of them can call himself the “Super-Intern.” Although Super-Intern is an unofficial title, it really sums up how Jared Wittman’s internship at Inlanta Mortgage i...

Chicago, IL - January 14, 2012 - (RealEstateRama) -- Attorney General Lisa Madigan today reminded eligible Illinois borrowers that the deadline to file a claim form to receive a payment under the National Mortgage Foreclosure Settlement is Friday, Janu...

Las Vegas, NV - January 14, 2012 - (RealEstateRama) -- As part of the fiscal cliff deal, the Mortgage Debt Forgiveness Act of 2007 has been extended for one more year and will now expire on December 31, 2013. The relief act's extension was seen as vita...

Jefferson City, MO - January 14, 2012 - (RealEstateRama) -- Attorney General Chris Koster is reminding Missourians whose homes were foreclosed on between January 1, 2008, and December 31, 2011, and who qualify under the National Mortgage Settlement, th...

BOSTON, MA - January 14, 2012 - (RealEstateRama) -- Attorney General Martha Coakley today reminded qualified borrowers who lost their homes to foreclosure that Friday, Jan. 18 is the deadline for filing claims for a one-time payment under the $25 billi...

BALTIMORE - January 14, 2012 - (RealEstateRama) -- A federal grand jury has indicted six defendants for conspiracy in a $4.5 million mortgage fraud scheme

WASHINGTON, D.C. - January 11, 2012 - (RealEstateRama) -- “The National Association of Realtors® applauds the Consumer Financial Protection Bureau for creating a broadly defined Qualified Mortgage rule that establishes strong consumer protections while ensuring continued access to safe, affordable mortgage credit

SANTA ANA, CA - January 11, 2012 - (RealEstateRama) -- Federal authorities have arrested five people allegedly involved in a “builder bailout” real estate scheme that fraudulently purchased more than 100 condominium units around the country with mo...

WASHINGTON, DC - January 11, 2012 - (RealEstateRama) -- The CFPB’s final Ability to Repay/Qualified Mortgage regulation will be a defining force for all mortgage lending. The Roundtable and its Housing Policy Council share the primary goal of the rule to ensure that borrowers have the ability to repay a mortgage loan. We appreciate the open process the Bureau has followed in preparing this rule by engaging all stakeholders in discussions of the rule and its implications

Baltimore, MD - January 11, 2012 - (RealEstateRama) -- Attorney General Douglas F. Gansler and the Maryland Department of Housing and Community Development (DHCD) today awarded six nonprofit legal aid and assistance organizations more than $7.6 million...

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

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...

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.

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:

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...

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.

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

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.

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.

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.