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Washington, DC - October 30, 2012 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) today reported that the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders, used as an index in some adjustable-rate mortgage (ARM) contracts, was 3.56 percent based on loans closed in September. There was no change in percentage from the previous month. In March of 2012, FHFA began calculating interest rates using un-weighted survey data.

CHARLESTON - October 29, 2012 - (RealEstateRama) -- For Putnam county homeowner Regina Laury, there is no doubt that Attorney General Darrell McGraw’s mortgage assistance outreach program is working. Laury, who filed a complaint with General McGraw a...

Washington, DC - October 29, 2012 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today applauded an announcement by the Internal Revenue Service (IRS) that it will soon begin allowing electronic signatures on Form 4506-T, Request for Transcript of Tax Return. The IRS has indicated it expects to begin accepting electronic signatures on the 4506-T in January, 2013.

WASHINGTON, D.C. - October 29, 2012 - (RealEstateRama) -- The Homeownership Preservation Foundation (HPF), an independent national nonprofit dedicated to helping distressed homeowners navigate financial challenges and avoid mortgage foreclosure through its Homeowner’s HOPE™ Hotline at 888-995-HOPE™, announced today that it has received a total of $550,000 this year from NeighborWorks America to support HPF’s continued efforts to combat mortgage loan scams.

WASHINGTON, DC - October 26, 2012 - (RealEstateRama) -- Today the Department of Veterans Affairs announced it has guaranteed 20 million home loans since its home loan program was established in 1944 as part of the original GI Bill of Rights for returning World War II Veterans. The 20 millionth loan was guaranteed for a home in Woodbridge, Va., purchased by the surviving spouse of an Iraq War Veteran who passed away in 2010.

TALLAHASSEE, FL - October 26, 2012 - (RealEstateRama) -- Attorney General Pam Bondi and the Miami-Dade Police Department today charged seven people for their alleged involvement in a mortgage fraud scheme totaling nearly $5 million. The individuals all...

NEW YORK, NY - October 25, 2012 - (RealEstateRama) -- City Comptroller John C. Liu released the following statement on the $1 billion lawsuit filed by the U.S. Attorney in Manhattan against Bank of America (NYSE:BAC) for fraudulent mortgage practices:

Chicago, IL - October 24, 2012 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today announced the election of Brian F. Stoffers, CMB, President, CBRE Capital Markets as the new Chair of its Commercial Real Estate/Multifamily Finance Board of Governors (COMBOG) at the association’s 99th Annual Convention & Expo in Chicago. Rodrigo Lopez, CMB, AmeriSphere Multifamily Finance LLC, will serve as Vice Chair.

WASHINGTON, D.C. - October 24, 2012 - (RealEstateRama) -- Mortgage applications decreased 12.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 19, 2012.

Washington, DC - October 24, 2012 - (RealEstateRama) -- U.S. house prices rose 0.7 percent on a seasonally adjusted basis from July to August, according to the Federal Housing Finance Agency’s monthly House Price Index (HPI). The previously reported 0.2 percent increase in July was revised downward to a 0.1 percent increase. For the 12 months ending in August, U.S. prices rose 4.7 percent. The U.S. index is 15.9 percent below its April 2007 peak and is roughly the same as the June 2004 index level.

CHICAGO, IL - October 23, 2012 - (RealEstateRama) -- Gary Acosta, executive chairman of New Vista Asset Management and co-founder of the National Association of Hispanic Real Estate Professionals (NAHREP), was awarded the Investing in Communities Award today by the Mortgage Bankers Association (MBA). This award recognizes someone who reflects the core values of MBA members and upholds our commitment to helping U.S. communities. Mr. Acosta was presented with the award in a ceremony held at MBA's 99th Annual Convention & Expo in Chicago.

CHICAGO, IL - October 23, 2012 - (RealEstateRama) -- Joe Reppert, Vice Chairman of CoreLogic, received the Andrew D. Woodward Distinguished Service Award today by the Mortgage Bankers Association (MBA) in recognition of his dedicated and prominent service to MBA and the mortgage lending industry in a variety of capacities involving both legislative and regulatory activities. Mr. Reppert was presented with the award in a ceremony held at MBA's 99th Annual Convention & Expo in Chicago.

Chicago, IL - October 23, 2012 - (RealEstateRama) -- The Mortgage Bankers Political Action Committee (MORPAC) today awarded Jamie Korus, CMB, President of Alliance Financial Resources, with the 2012 Schumacher-Bolduc Award at the association’s 99th Annual Convention and Expo held in Chicago, IL. The award was given to Korus in recognition of her dedication and prominent service to MORPAC and the mortgage lending industry.

Chicago, IL - October 23, 2012 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today announced David Motley, CMB, President of Colonial National Mortgage in Fort Worth, TX as Chairman of its 2013 Residential Board of Governors (RESBOG) and William C. Emerson, CEO of Quicken Loans, Inc in Detroit, MI, as the Vice-Chairman of RESBOG, at the associations’ 99th Annual Convention & Expo.

Chicago, IL - October 23, 2012 - (RealEstateRama) -- Debra W. Still, CMB, President and Chief Executive Officer of Pulte Mortgage LLC, was sworn in today as the 2013 Chairman of the Mortgage Bankers Association (MBA) at the association’s 99th Annual Convention & Expo in Chicago.

Chicago, IL (October 22, 2012) — E. J. Burke, Executive Vice President and Group Head, KeyBank Real Estate Capital and Corporate Banking Services, today...

Chicago, IL - October 23, 2012 - (RealEstateRama) -- Bill Cosgrove, CMB, President and CEO of Union National Mortgage Co. of Strongsville, OH, was today was sworn in as Vice Chairman of the Mortgage Bankers Association (MBA) during the association’s 99th Annual Convention & Expo in Chicago.

Chicago, IL - October 23, 2012 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) yesterday elected its Board of Directors for the 2013 membership year at MBA's 99th Annual Convention & Expo in Chicago. The Board of Directors will be chaired by Debra W. Still, CMB, President and CEO of Pulte Mortgage, a nationwide lender headquartered in Englewood, Colorado.

Chicago, IL - October 23, 2012 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today announced the election of Debra W. Still, CMB, President and Chief Executive Officer of Pulte Mortgage LLC, as the 2013 Chairman of MBA at the association’s 99th Annual Convention & Expo in Chicago. E. J. Burke, Executive Vice President and Group Head, KeyBank Real Estate Capital and Corporate Banking Services, was named Chairman-Elect of MBA, while Bill Cosgrove, CMB, President and CEO of Union National Mortgage Company, was named Vice Chairman. All three officers will serve for the 2012-2013 membership year

WASHINGTON, DC - October 23, 2012 - (RealEstateRama) -- Today the Mortgage Bankers Association (MBA) released a paper entitled, “The Historical Origins of America’s Mortgage Laws,” conducted by Andra Ghent, Assistant Professor of Real Estate at Arizona State University and sponsored by MBA’s Research Institute for Housing America