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LOS ANGELES, CA - September 13, 2012 - (RealEstateRama) -- Federal agents this morning arrested 10 defendants who worked at a Rancho Cucamonga-based business that allegedly offered bogus loan modification programs to financially distressed homeowners. ...

Las Vegas, NV - September 13, 2012 - (RealEstateRama) -- The office of Nevada Senator Harry Reid and Nevada Affordable Housing Assistance Corporation will host a mortgage assistance workshop in Las Vegas at East Las Vegas Community/Senior Center on Sat...

Washington, D.C. - September 13, 2012 - (RealEstateRama) -- Community banks were not responsible for the mortgage crisis, and therefore community bank portfolio loans should be exempt from pending regulations on high-cost mortgages the Independent Community Bankers of America (ICBA) said. In a comment letter to the Consumer Financial Protection Bureau (CFPB), ICBA said that the bureau should provide exemptions for community bank portfolio loans to ensure that community banks are not driven from the mortgage market and can continue to serve customers in their communities.

Washington, D.C. - September 13, 2012 - (RealEstateRama) -- The Securities and Exchange Commission today charged a broker and his company based in Danbury, Conn., with stealing at least $600,000 from customers who he persuaded to withdraw money from their brokerage accounts he managed at other firms and instead invest with him directly.

TRENTON - September 12, 2012 - (RealEstateRama) -- Attorney General Jeffrey S. Chiesa announced that a lawyer from Red Bank pleaded guilty today to conspiring with others to steal over $1 million from lenders by filing fraudulent mortgage applications,...

WASHINGTON, D.C. - September 12, 2012 - (RealEstateRama) -- Mortgage applications increased 11.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 7, 2012. This week’s results include the customary upward adjustment for the Labor Day holiday.

WASHINGTON, D.C. - September 12, 2012 - (RealEstateRama) -- David H. Stevens, president and CEO of the Mortgage Bankers Association (MBA), issued the following statement reacting to the new representation and warranty framework announced by the Federal Housing Finance Agency (FHFA) today.

Washington, DC - September 11, 2012 - (RealEstateRama) -- Congressman Joe Baca (D-Rialto) introduced legislation that directs the Government Sponsored Housing Entities, Fannie Mae and Freddie Mac, to offer 50 year mortgage refinance terms to qualified...

WASHINGTON, DC - September 11, 2012 - (RealEstateRama) -- Citing new momentum and support among a broad array of stakeholders, U.S. Senators Robert Menendez (D-NJ) and Barbara Boxer (D-CA) today reintroduced the Responsible Homeowner Refinancing Act an...

WASHINGTON, DC - September 11, 2012 - (RealEstateRama) -- Citing new momentum and support among a broad array of stakeholders, U.S. Senators Robert Menendez (D-NJ) and Barbara Boxer (D-CA) today reintroduced the Responsible Homeowner Refinancing Act an...

PENSACOLA, FL - September 10, 2012 - (RealEstateRama) -- In February, Pamela C. Marsh, United States Attorney for the Northern District of Florida, announced that nine defendants had been federally indicted for their involvement in several multi-jurisd...

CLOSTER, NJ - September 7, 2012 - (RealEstateRama) -- New Jersey New Jersey Department of Banking and Insurance Acting Commissioner Ken Kobylowski on Wednesday spoke with a group of approximately 55 senior citizens ranging in age of 70 to 95 years old ...

BIRMINGHAM - September 5, 2012 - (RealEstateRama) -- Federal prosecutors on Friday charged an Atlanta woman with mortgage fraud for providing false financial information for several home buyers that resulted in fraudulently obtained mortgages totaling ...

WASHINGTON, D.C. - September 5, 2012 - (RealEstateRama) -- Mortgage applications decreased 2.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 31, 2012.

DENVER - September 3, 2012 - (RealEstateRama) -- Michael Jacoby age 44, of Castle Rock, Colorado; Derek Zar, age 30, of Commerce City, Colorado; and Susanne Zar, age 58, of Frederick, Colorado, were found guilty yesterday (August 30, 2012) by a jury fo...

Jefferson City, MO - August 31, 2012 - (RealEstateRama) -- Attorney General Chris Koster announced today that Missouri has received more than $83 million from the joint state-federal mortgage settlement announced in February 2012.

SACRAMENTO, CA – August 31, 2012 – (RealEstateRama) — Attorney General Kamala D. Harris today announced that the final parts of the California Homeowner Bill of Rights have passed out of both legislative houses and have been sent to t...

HOUSTON - August 31, 2012 - (RealEstateRama) -- Lisa Carol Ross, 50, of Missouri City, Texas, has pleaded guilty today to conspiracy to commit wire fraud, United States Attorney Kenneth Magidson announced today, along with FBI Special Agent in Charge S...

August 31, 2012 - (RealEstateRama) -- In response to the first progress report issued by the National Mortgage Settlement Monitor Joseph P. Smith, which discloses the five settling mortgage service providers have granted $10.56 billion in consumer reli...

Washington, DC - August 31, 2012 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) today announced that it has directed Fannie Mae and Freddie Mac to raise guarantee fees (g-fees) on singlefamily mortgages by an average of 10 basis points. The changes to g-fee pricing represent a step toward encouraging greater participation in the mortgage market by private firms, a goal set forth in FHFA’s Strategic Plan for Enterprise Conservatorships.