Mortgage

WASHINGTON, D.C. - October 4, 2012 - (RealEstateRama) -- In 2011, 2,653 different multifamily lenders provided a total of $110.1 billion in new mortgages for apartment buildings with five or more units, according to a report from the Mortgage Bankers Association (MBA). The 2011 dollar volume represents a 60 percent increase from 2010 levels. Seventy-two percent of the active lenders made five or fewer multifamily loans over the course of the year.

Rockville, MD - October 4, 2012 - (RealEstateRama) -- With home interest rates lower than ever, many homeowners are refinancing their mortgages. WEI Mortgage Corporation details what customers should consider when refinancing.

LOS ANGELES, CA - October 3, 2012 - (RealEstateRama) -- A 50-year-old resident of Tujunga was sentenced this morning to 37 months in federal prison for his participation in a home equity line of credit (HELOC) scheme that resulted in losses of more tha...

WASHINGTON, D.C. - October 3, 2012 - (RealEstateRama) -- Thank you, Attorney General Schneiderman for that kind introduction. First and foremost, this announcement is a reflection of the hard work of the men and women of the New York Attorney General’s Office. We on the federal side commend those efforts, and the dedication and commitment Attorney General Schneiderman brings to the RMBS Working Group’s mission.

WASHINGTON, D.C. - October 3, 2012 - (RealEstateRama) -- Mortgage applications increased 16.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 28, 2012.

WASHINGTON, D.C. - October 2, 2012 - (RealEstateRama) -- Good morning, everyone, and thank you all for being here. My name is Tony West, and I’m the Acting Associate Attorney General of the United States, the third-ranking official here at the Department of Justice. I am proud to be here this morning with my colleagues and partners in the Residential Mortgage-Backed Securities, or RMBS, Working Group, one of eight working groups within the Financial Fraud Enforcement Task Force chaired by United States Attorney General Eric Holder.

WASHINGTON, DC - October 2, 2012 - (RealEstateRama) -- In his role as co-chair of the Residential Mortgage-Backed Securities Working Group, Attorney General Eric T. Schneiderman today announced a Martin Act lawsuit against J.P. Morgan Securities LLC (f...

WASHINGTON, D.C. - October 2, 2012 - (RealEstateRama) -- The Federal Trade Commission’s staff submitted a comment to the U.S. Consumer Financial Protection Bureau on disclosure forms designed to help consumers understand the features, costs, and risks of home mortgage loans. The comment is in response to a CFPB Notice of Proposed Rulemaking regarding disclosures consumers receive when they apply for and close on a mortgage loan.

WASHINGTON, D.C. - September 28, 2012 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) released its second quarter 2012 Commercial Real Estate/Multifamily Finance Quarterly Data Book. The report includes a summary of major trends during the quarter and detailed charts and tables providing historical information on the commercial/multifamily real estate markets. Among the findings covered in second quarter Data Book:

LANSING - September 27, 2012 - (RealEstateRama) -- Attorney General Bill Schuette today announced that claim forms are being mailed to approximately 148,000 Michigan borrowers who lost their home to foreclosure between January 1, 2008 and December 31, ...

Jefferson City, MO - September 27, 2012 - (RealEstateRama) -- Attorney General Chris Koster today filed three separate lawsuits against individuals and their companies for misleading Missouri consumers in connection with mortgage-modification services...

WASHINGTON, D.C. - September 27, 2012 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) released its second quarter 2012 Commercial Real Estate/Multifamily Finance Quarterly Data Book. The report includes a summary of major trends during the quarter and detailed charts and tables providing historical information on the commercial/multifamily real estate markets. Among the findings covered in second quarter Data Book:

CHARLESTON - September 27, 2012 - (RealEstateRama) -- Attorney General Darrell McGraw announced today that claim forms are going out to approximately 5,222 West Virginia borrowers who lost their homes to foreclosure between January 1, 2008, and Decembe...

Washington, DC - September 27, 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 August. There was a decrease of 0.10 percent from the previous month. In March of 2012, FHFA began calculating interest rates using un-weighted survey data.

AG seeks to shut down loan modification scams, win consumer refunds September 25, 2012 – (RealEstateRama) — Raleigh: Three North Carolina companies that claim to help people win lower mortgage payments and save their homes from foreclosure...

September 25, 2012 - (RealEstateRama) -- Attorney General Kilmartin announced that approximately 5,500 Rhode Island residents who lost their primary residence due to an improper foreclosure process between January 1, 2008 and December 31, 2011 should e...

September 25, 2012 - (RealEstateRama) -- State Representative Eddie Lucio III announced the extension the Texas State Affordable Housing Corporation’s (TSAHC) down payment assistance programs to current homeowners and those who previously owned a home.

SANTA ANA, CA - September 24, 2012 - (RealEstateRama) -- The owner of a Pasadena mortgage brokerage firm was sentenced today to 108 months in federal prison for participating in a mortgage fraud scheme that obtained more than $30 million in loans.

WASHINGTON, DC - September 24, 2012 - (RealEstateRama) -- The level of commercial/multifamily mortgage debt outstanding decreased by $10.4 billion, or 0.4 percent, in the second quarter of 2012, as the balance of loans in CMBS, CDO and other ABS issues continued to decline, according to the Mortgage Bankers Association (MBA).

CHARLOTTE, NC - September 24, 2012 - (RealEstateRama) -- Nine defendants have been charged in the latest takedown in the Operation Wax House mortgage fraud investigation in the Western District of North Carolina, announced U.S. Attorney Anne M. Tompkins.