Mortgage

WASHINGTON, D.C. - May 23, 2012 - (RealEstateRama) -- Mortgage applications increased 3.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 18, 2012.

Las Vegas, NV - May 21, 2012 - (RealEstateRama) -- Why would you pay a Nevada Attorney thousands of dollars to handle your short sale when short sales are free? There has never been a better time to do a short sale. Many banks are now waiving their rig...

Washington, DC - May 17, 2012 - (RealEstateRama) -- Senator Dianne Feinstein (D-Calif.) today introduced the Expanding Refinancing Opportunities Act of 2012, a bill to allow more homeowners the chance to refinance mortgages with insurance provided by t...

SACRAMENTO, CA - May 17, 2012 - (RealEstateRama) -- Attorney General Kamala D. Harris today testified in support of the California Homeowner Bill of Rights, a package of legislation designed to protect homeowners from unfair practices by banks and mort...

Washington, D.C. - May 17, 2012 - (RealEstateRama) -- Rep. Raúl M. Grijalva today called the recent move by Gov. Jan Brewer and the conservative state Legislature to swipe $50 million from a mortgage settlement fund “the best way to make sure homeow...

WASHINGTON, DC - May 17, 2012 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) today released two reports on the impact of HUD-approved housing counseling has for those families who purchase their first homes and those struggling to prevent foreclosure. In both studies, HUD found housing counseling significantly improved the likelihood homeowners remained in their homes.

WASHINGTON, D.C. - May 17, 2012 - (RealEstateRama) -- Nationwide housing affordability hit a new record high for a second consecutive quarter in the first three months of this year, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI), released today. Yet tight lending conditions continue to pose a major obstacle to many prospective home buyers

CHARLOTTE, - May 16, 2012 - (RealEstateRama) -- Quicken Loans Mortgage Services (QLMS), a division of Quicken Loans Inc., the nation’s largest online lender, today announced plans to add more than 75 team members by the end of 2012 to support its growing business needs.

Washington, DC - May 16, 2012 - (RealEstateRama) -- First quarter 2012 commercial and multifamily mortgage loan originations were 36 percent higher than during the same period last year and 12 percent lower than the fourth quarter of 2011, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. The decrease from fourth quarter 2011 reflects the industry’s usual push to finalize deals before the end of the year, and subsequent drop-offs in first quarter numbers.

WASHINGTON, D.C. - May 16, 2012 - (RealEstateRama) -- The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 7.40 percent of all loans outstanding as of the end of the first quarter of 2012, a decrease of 18 basis points from the fourth quarter of 2011, and a decrease of 92 basis points from one year ago, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey. The non-seasonally adjusted delinquency rate decreased 121 basis points to 6.94 percent this quarter from 8.15 percent last quarter.

WASHINGTON, D.C. - May 16, 2012 - (RealEstateRama) -- Mortgage applications increased 9.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 11, 2012

WASHINGTON, DC - May 16, 2012 - (RealEstateRama) -- A sustainable housing recovery requires that policymakers move forward with the difficult decisions regarding the future of the mortgage market. That's according to Federal Reserve Board Governor Elizabeth Duke, who spoke to Realtors® at a joint Real Estate Services and Regulatory Issues Forum—Prescriptions for Housing Recovery session today during the

New York, NY - May 16, 2012 - (RealEstateRama) -- GFI Mortgage Bankers, a leading provider of residential mortgages in New York, announces the financing of 81 percent of the end units (that closed with a residential lender) at Kirkman Lofts. Ari Sorotz...

Las Vegas, NV - May 15, 2012 - (RealEstateRama) -- Why would you pay a Nevada Attorney thousands of dollars to handle your short sale when short sales are free? There has never been a better time to do a short sale. Many banks are now waiving their rig...

WASHINGTON, D.C. - May 14, 2012 - (RealEstateRama) -- Preet Bharara, the United States Attorney for the Southern District of New York, Stuart F. Delery, the Acting Assistant Attorney General for the Civil Division of the U.S. Department of Justice, Helen Kanovsky, General Counsel of the U.S. Department of Housing and Urban Development (“HUD”), and David A. Montoya, Inspector General of HUD, announced today that the United States has settled a civil fraud lawsuit against DEUTSCHE BANK AG, DB STRUCTURED PRODUCTS, INC., DEUTSCHE BANK SECURITIES, INC. (collectively “DEUTSCHE BANK” or the “DEUTSCHE BANK defendants”) and MORTGAGEIT, INC. (“MORTGAGEIT”)

New York, NY - May 11, 2012 - (RealEstateRama) -- "The dream to come from nothing and buy a home." These are powerful words, and I want to thank Mitch for sharing his amazing family story with us today. Ladies and Gentlemen, Mitch Kider is with us today. Mitch, would you please stand and be recognized?

WASHINGTON, D.C. - May 11, 2012 - (RealEstateRama) -- Mortgage applications increased 1.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 4, 2012.

WASHINGTON, DC - May 11, 2012 - (RealEstateRama) -- Community Bank Mortgage LLC, a subsidiary of the American Bankers Association, has renewed its agreement with SunTrust Mortgage Inc. as one of the program's preferred secondary market investors. With this partnership, Community Bank Mortgage LLC owner banks can sell loans on a servicing-released basis to SunTrust Mortgage and access their full line of products, including jumbo loans.

WASHINGTON, DC - May 8, 2012 - (RealEstateRama) -- Today, Senate Banking Committee Chairman Tim Johnson (D-SD) held a hearing entitled “Expanding Refinancing Opportunities to Improve the Housing Market.” The Committee heard from HUD Secretary Shaun Donovan, discussed the state of the housing market and explored potential legislative and regulatory options to help responsible homeowners refinance their mortgages and avoid foreclosure.

Destin, FL - May 8, 2012 - (RealEstateRama) -- For the second time in less than a year, respondents to a Housing Predictor poll say that banks and other mortgage lenders should be forced to reduce mortgage principal and cut loan payments for underwater homeowners.