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Chicago, IL - August 30, 2012 - (RealEstateRama) -- In responding to the first report issued by the national foreclosure settlement’s independent monitor, Attorney General Lisa Madigan today outlined the direct relief Illinois borrowers have begun to...

TALLAHASSEE, FL - August 30, 2012 - (RealEstateRama) -- Today, Joseph Smith, Jr., the national mortgage settlement monitor, released an interim report on homeowner relief that the nation’s five largest mortgage servicers have provided as of June 30. ...

WASHINGTON, D.C. - August 30, 2012 - (RealEstateRama) -- Commercial and multifamily mortgage delinquency rates continued to drop for banks and rise for commercial mortgage backed securities (CMBS) during the second quarter of 2012. Delinquency rates also declined for Fannie Mae during the second quarter, and increased by 0.01 percentage points for life companies and 0.04 percentage points for Freddie Mac according to the Mortgage Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report.

WASHINGTON, DC - August 30, 2012 - (RealEstateRama) -- Independent mortgage banks and mortgage subsidiaries of chartered banks made an average profit of $2,152 on each loan they originated in the second quarter of 2012, up from $1,654 per loan in the first quarter, the Mortgage Bankers Association (MBA) reported today.

Baltimore, MD - August 28, 2012 - (RealEstateRama) -- Attorney General Douglas F. Gansler announced today that distressed Maryland homeowners have received more than $220 million in relief from the National Mortgage Settlement as of the end of June. Fi...

August 28, 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, D.C. - August 28, 2012 - (RealEstateRama) -- Mortgage applications decreased 4.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 24, 2012.

Chicago, IL - August 28, 2012 - (RealEstateRama) -- Attorney General Lisa Madigan today announced that her office has distributed $4.7 million in funding from the national foreclosure settlement reached earlier this year to LAF (Legal Assistance Founda...

WASHINGTON, D.C. - August 28, 2012 - (RealEstateRama) -- GFI Mortgage Bankers Inc., a large independent home mortgage firm that concentrates on the New York, New Jersey, and Florida markets, will pay $3.555 million to resolve a lending discrimination lawsuit filed by the Department of Justice and the U.S. Attorney’s Office for the Southern District of New York. The lawsuit alleges that GFI engaged in a pattern or practice of discrimination by pricing residential mortgage loans for qualified African-American and Hispanic borrowers higher than for similarly-qualified non-Hispanic white borrowers between 2005 and 2009.

Vancouver, WA - August 24, 2012 - (RealEstateRama) -- The Clark County Assessor’s Office is warning county residents of a telephone marketing campaign that seeks personal information from older residents, implying they could receive property tax refu...

WASHINGTON, D.C. - August 23, 2012 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its mid-year ranking of commercial and multifamily mortgage servicers as of June 30, 2012. At the top of the list of firms is Wells Fargo with $430.5 billion in U.S. master and primary servicing, followed by PNC Real Estate/Midland Loan Services with $357.0 billion, Berkadia Commercial Mortgage LLC with $206.6 billion, Bank of America Merrill Lynch with $110.1 billion, and KeyBank Real Estate Capital with $100.1 billion.

NEW YORK, NY - August 23, 2012 - (RealEstateRama) -- The Federal Reserve Bank of New York will release its Q2 2012 Quarterly Report on Household Debt and Credit Wednesday, August 29. The report will be available under embargo at 10 a.m. EDT for releas...

New York, NY - August 23, 2012 - (RealEstateRama) -- Preet Bharara, the United States Attorney for the Southern District of New York, announced today that Frederick Warren and Denise Parks, two loan officers, were sentenced in Manhattan federal court f...

CHARLESTON, WV - August 23, 2012 - (RealEstateRama) -- A former West Virginia licensed real estate appraiser was sentenced today to one year and six months in federal prison for aiding and abetting wire fraud, announced United States Attorney Booth Goo...

WASHINGTON, DC - August 23, 2012 - (RealEstateRama) -- The National Association of Realtors® applauds the Federal Housing Finance Agency for working with Fannie Mae and Freddie Mac to issue new guidelines that expand eligibility criteria and streamline the short sale process.

WASHINGTON, D.C. - August 22, 2012 - (RealEstateRama) -- Mortgage applications decreased 7.4 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 17, 2012.

WASHINGTON, D.C. - August 21, 2012 - (RealEstateRama) -- This response to the CFPB Report on reverse mortgages relates primarily to a particular segment of the Baby-Boomer generation. That segment, while a minority of that generation, is nonetheless quite large in absolute number. A conservative estimate of the size of that segment places its number between 1 million and 10 million individuals

WASHINGTON, D.C. - August 21, 2012 - (RealEstateRama) -- David H. Stevens, president and CEO of the Mortgage Bankers Association (MBA), issued the following statement on the Loan Officer Compensation proposed rule released today by the Consumer Financial Protection Bureau (CFPB).

Washington, D.C. - August 21, 2012 - (RealEstateRama) -- The Multi-State Mortgage Committee (MMC) released the 2011 annual report to state regulators highlighting accomplishments of 2011 and outlook for 2012. The MMC was created in 2008 by state financial regulators through the Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR). The MMC is charged with coordinating the examination and supervision of those mortgage lenders and brokers operating in more than one state. The MMC is comprised of 10 members who are elected by and report to the boards of CSBS and AARMR

WASHINGTON, D.C. - August 20, 2012 - (RealEstateRama) -- David H. Stevens, president and CEO of the Mortgage Bankers Association (MBA), issued the following statement reacting to the U.S. Treasury Department’s announcement of modifications to the Preferred Stock Purchase Agreements (PSPAs) between the Treasury Department and the Federal Housing Finance Agency (FHFA).