Mortgage

WASHINGTON, D.C. - December 19, 2012 - (RealEstateRama) -- Mortgage applications decreased 12.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending December 14, 2012.

Chicago, IL - December 18, 2012 - (RealEstateRama) -- Attorney General Lisa Madigan today sought to crack down on a new form of “mortgage rescue fraud,” filing lawsuits against two companies for preying on struggling homeowners and promising loan a...

Washington, DC - December 17, 2012 - (RealEstateRama) -- Congressman Alcee L. Hastings (D-Miramar) sent the following letter to Office of Management and Budget (OMB) Deputy Director for Management Jeffrey Zients, urging him to maintain funding for home...

DALLAS - December 17, 2012 - (RealEstateRama) -- Eugene Lockhart, Jr. was sentenced this week by U.S. District Judge Jorge A. Solis to 54 months in federal prison and ordered to pay approximately $2.4 million in restitution following his guilty plea t...

WASHINGTON, D.C. - December 13, 2012 - (RealEstateRama) -- The Homeownership Preservation Foundation (HPF), an independent national nonprofit dedicated to helping distressed homeowners navigate financial challenges and avoid mortgage foreclosure throug...

WASHINGTON, DC - December 13, 2012 - (RealEstateRama) -- Independent mortgage banks and mortgage subsidiaries of chartered banks made an average profit of $2,465 on each loan they originated in the third quarter of 2012, up from $2,152 per loan in the second quarter, the Mortgage Bankers Association (MBA) reported today.

PORTLAND, OR - December 13, 2012 - (RealEstateRama) -- On Friday, December 7, 2012, Tu Ngoc Tran, 38, of Portland, Oregon, was found guilty by a federal jury of conspiracy to manufacture or distribute marijuana, two counts of manufacture of marijuana, ...

WASHINGTON, DC - December 13, 2012 - (RealEstateRama) -- Two Alabama real estate investors and their company pleaded guilty today for their roles in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in southern A...

TALLAHASSEE, FL - December 12, 2012 - (RealEstateRama) -- Florida Chief Financial Officer Jeff Atwater released the following statement regarding his public comments to the Federal Housing Finance Authority regarding the proposed tax on Floridians. The...

Albany, NY - December 12, 2012 - (RealEstateRama) -- Governor Andrew M. Cuomo today announced that major banks and mortgage servicers will take action to expedite insurance payments to New York homeowners. Currently, insurance claim checks must be endo...

WASHINGTON, D.C. - December 12, 2012 - (RealEstateRama) -- Mortgage applications increased 6.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending December 7, 2012.

WASHINGTON, DC - December 12, 2012 - (RealEstateRama) -- The level of commercial/multifamily mortgage debt outstanding increased by $6.6 billion, or 0.3 percent, in the third quarter of 2012, as three of the four major investor groups increased their holdings, according to the Mortgage Bankers Association (MBA).

WASHINGTON, DC - December 12, 2012 - (RealEstateRama) -- To increase awareness of the Making Home Affordable® Program’s free resources and assistance for struggling homeowners, the U.S. Department of the Treasury (Treasury), the U.S. Department of Housing and Urban Development (HUD), and the Ad Council today unveiled the third and final phase of their Foreclosure Prevention Assistance Public Service Advertising (PSA) Campaign.

Washington, DC - December 12, 2012 - (RealEstateRama) -- Federal Housing Finance Agency Acting Director Edward J. DeMarco today announced that Stephen Cross, FHFA’s Deputy Director of the Division of Federal Home Loan Bank Regulation, will retire from the Agency in March, 2013. An important part of FHFA’s leadership team since the Agency was created, Cross has served in the position since October 2008. In addition to leading FHFA’s program for regulating and supervising the Federal Home Loan Banks, Cross also served as the acting Chief Operating Officer from September 2009 to December 2011.

WASHINGTON, DC - December 11, 2012 - (RealEstateRama) -- The level of commercial/multifamily mortgage debt outstanding increased by $6.6 billion, or 0.3 percent, in the third quarter of 2012, as three of the four major investor groups increased their holdings, according to the Mortgage Bankers Association (MBA).

Washington, DC - December 11, 2012 - (RealEstateRama) -- 1.5 million homeowners have received foreclosure prevention counseling by local nonprofits, national intermediaries and state housing finance agencies participating in the National Foreclosure Mitigation Counseling (NFMC) program administered by NeighborWorks America, one of the nation’s largest community development corporations. The latest report on the NFMC program also found the program has helped save local governments, lenders, and homeowners approximately $920 million.

WASHINGTON, D.C. - December 6, 2012 - (RealEstateRama) -- Delinquency rates decreased for commercial and multifamily mortgage loans in the third quarter, according to the Mortgage Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report.

WASHINGTON, D.C. - December 5, 2012 - (RealEstateRama) -- Mortgage applications increased 4.5 percent from one week earlier , according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 30, 2012. Last week’s results included an adjustment for the Thanksgiving holiday.

Washington, DC - December 5, 2012 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) released a white paper today that underscores the importance of multifamily rental housing and examines the role of the Government Sponsored Enterprises (Fannie Mae and Freddie Mac, or “the GSEs”) in multifamily housing finance going forward. The white paper and its recommendations were developed by MBA’s GSE Multifamily Task Force, a group of industry experts from MBA’s broad commercial/multifamily finance membership convened to focus on the future role of the GSEs in the multifamily housing market, which serves more than 15 million (one in seven) American households. The white paper addresses key questions about the future of the GSEs’ multifamily businesses raised by the Federal Housing Finance Agency’s February 2012 strategic plan.

Albany, NY - November 30, 2012 - (RealEstateRama) -- Governor Andrew M. Cuomo today announced that PHH Mortgage Corporation will move forward with a $35 million expansion plan in Amherst, Erie County that will retain 400 jobs that were in jeopardy of b...