Archives

WASHINGTON, D.C. - June 13, 2012 - (RealEstateRama) -- At the request of the Federal Trade Commission, a U.S. district court has halted an operation that allegedly preyed on financially vulnerable homeowners, convincing them to pay $1,995 or more by holding out bogus promises that they could help them avoid foreclosure and renegotiate their mortgages.

Irvine, CA - June 13, 2012 - (RealEstateRama) -- Real Estate Mortgage Network, Inc. (REMN), one of the largest, privately held non-bank lenders in the US, is pleased to announce the launch of their new correspondent division from the company’s recent...

Washington, DC - June 12, 2012 - (RealEstateRama) -- The level of commercial/multifamily mortgage debt outstanding increased by $8.1 billion, or 0.3 percent, in the first quarter of 2012, as three of the four major investor groups increased their holdings, according to the Mortgage Bankers Association (MBA).

NEW YORK, NY - June 12, 2012 - (RealEstateRama) -- Genpact Limited (NYSE: G), a global leader in business process and technology management, today announced William “Bill” Mitchell has joined the company as assistant vice president of Business Development for the company’s Quantum Mortgage Origination System (MOS) technology platform. In his role, Mitchell will be responsible for the sales and marketing of Quantum to mortgage lenders and financial institutions and brings more than 18 years of strategic sales experience to Genpact Mortgage Services

CORALVILLE - June 11, 2012 - (RealEstateRama) -- Over the last year home sales have increased seven percent in the Eastern Iowa area, according to the Cedar Rapids Area Association of REALTORS®, and to continue reaching that goal, the Iowa Finance Aut...

CHICAGO, IL - June 11, 2012 - (RealEstateRama) -- Thousands of borrowers severely delinquent on loans insured by the Federal Housing Administration (FHA) will have help from a new servicer to explore affordable mortgage solutions or achieve a favorable resolution under an enhanced government note sale program announced today. In a press conference held at the 2012 Clinton Global Initiative America Meeting, U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan and Acting FHA Commissioner Carol Galante launched the Distressed Asset Stabilization Program, an expansion of an FHA pilot program that allows private investors to purchase pools of mortgages headed for foreclosure and charges them with helping to bring the loan out of default.

Las Vegas, NV - June 11, 2012 - (RealEstateRama) -- A recent report named The Myers Team the #1 Short Sale Realtors in Nevada. Number one status was determined by actual short sale listings closed from January 1, 2007 through December 31, 2011.

WASHINGTON, D.C. - June 7, 2012 - (RealEstateRama) -- Rodrigo Lopez, CMB, President and CEO of AmeriSphere Multifamily Finance headquartered in Omaha, Nebraska, today testified on behalf of the Mortgage Bankers Association (MBA) before the U.S. House of Representatives Committee on Financial Services Subcommittee on Insurance, Housing and Community Opportunity at a hearing titled, “Oversight of Federal Housing Administration’s Multifamily Insurance Programs.”

NEW YORK, NY - June 7, 2012 - (RealEstateRama) -- A New York judge today granted Attorney General Eric T. Schneiderman's right to intervene in litigation over Bank of America's proposed $8.5 billion settlement with mortgage-bond investors over oppositi...

WASHINGTON, DC - June 7, 2012 - (RealEstateRama) -- With housing prices and mortgage interest rates at record lows, now is a good time to explore buying a home. "Buying a home is the single largest investment that most people will make in their lifetime," said Frank Keating, president and CEO of the American Bankers Association. "An honest evaluation of your finances and thorough planning for a mortgage are essential to making a wise buying decision."

Las Vegas, NV - June 7, 2012 - (RealEstateRama) -- With rules that take effect next month, federal regulators have hopes of greatly streamlining the short-sale process.

WASHINGTON, D.C. - June 6, 2012 - (RealEstateRama) -- The Conference of State Bank Supervisors (CSBS) released today its 2012 first quarter reports on state-licensed mortgage companies, branches, and individual mortgage loan originators (MLOs) in NMLS and on registered institutions and MLOs in the NMLS Federal Registry.

Washington, D.C. - June 6, 2012 - (RealEstateRama) -- Proposed reforms to the U.S. housing-finance system must support the continued role of the nation’s community banks in financing homeownership, the Independent Community Bankers of America (ICBA) told policymakers. Speaking at a housing forum sponsored by the Bipartisan Policy Center’s Housing Commission and the Jack Kemp Foundation, ICBA Senior Executive Vice President and Chief of Staff Terry Jorde said that the housing-finance system should support a diverse range of mortgage lenders with a robust secondary market that is available to all.

WASHINGTON, D.C. - June 6, 2012 - (RealEstateRama) -- Mortgage applications increased 1.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 1, 2012. This week’s results include an adjustment for the Memorial Day holiday.

WASHINGTON, D.C. - June 6, 2012 - (RealEstateRama) -- On Tuesday, June 6, 2012 MBA sent a letter to FHA Commissioner Carol Galante asking FHA to lift the moratorium on allowing investors to participate in FHA’s Section 203(k) Rehabilitation Loan Program.

MILFORD, CT - June 5, 2012 - (RealEstateRama) -- Total Mortgage Services, LLC, a leading national mortgage lender, announced today it has entered into a marketing services agreement with Keller Williams Realty in Ridgefield and Danbury, Connecticut . T...

WASHINGTON, D.C. - June 5, 2012 - (RealEstateRama) -- Commercial and multifamily mortgage delinquency rates dropped for banks and rose for commercial mortgage backed securities (CMBS) during the first quarter of 2012. Delinquency rates also declined for life insurance companies and Fannie Mae during the first quarter, and increased by 0.01 percentage points for Freddie Mac, according to the Mortgage Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report.

Las Vegas, NV - June 5, 2012 - (RealEstateRama) -- With rules that take effect next month, federal regulators have hopes of greatly streamlining the short-sale process.

WASHINGTON, DC - June 5, 2012 - (RealEstateRama) -- Agriculture Secretary Tom Vilsack today kicked off National Homeownership Month and reminded rural residents of opportunities to purchase or refinance homes in rural areas.

WASHINGTON, D.C. - June 4, 2012 - (RealEstateRama) -- Good afternoon. Thank you for joining us today to discuss the department’s $21 million settlement with SunTrust Mortgage for discrimination in the pricing of mortgage loans. I am honored to be joined today by Neil MacBride, the United States Attorney for the Eastern District of Virginia, whose office worked jointly on this case with the Civil Rights Division. Neil has been an excellent partner on a range of issues, including fair lending and protecting the rights of our servicemen and women. I appreciate his leadership and partnership.