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Jefferson City, MO - July 17, 2012 - (RealEstateRama) -- Attorney General Chris Koster announced today that he has deposited $38 million into Missouri’s general revenue fund resulting from his efforts to conclude Missouri’s portion of the national ...

Washington, D.C. - July 16, 2012 - (RealEstateRama) -- Democratic Leader Nancy Pelosi released the following statement after California Governor Jerry Brown, joined by Attorney General Kamala Harris, signed the California Homeowner Bill of Rights into ...

MINNEAPOLIS - July 16, 2012 - (RealEstateRama) -- A federal indictment recently unsealed charges an Inver Grove Heights man in connection with soliciting buyers to purchase properties at inflated prices in a multi-million-dollar mortgage fraud scheme. ...

Wilmington, DE July 13, 2012 - (RealEstateRama) -- Delaware Attorney General Beau Biden announced today that the national shadow mortgage registry known as MERS, which was at the center of the housing crisis, has agreed to implement important reforms ...

WASHINGTON, D.C. - July 13, 2012 - (RealEstateRama) -- Good morning, it is an honor to be here today with the Deputy Attorney General and our partners, to discuss the department’s at least $175 million settlement with Wells Fargo for steering and pricing discrimination in its wholesale mortgage lending.

Chicago, IL - July 13, 2012 - (RealEstateRama) -- Attorney General Lisa Madigan together with the Department of Justice announced a $175 million nationwide settlement today with Wells Fargo over allegations that the bank steered borrowers of color into...

CHARLESTON, WV - July 13, 2012 - (RealEstateRama) -- U.S. Attorney Booth Goodwin announced today that a Utah man pleaded guilty in federal court for his involvement in a multi-million-dollar mortgage fraud scheme linked to properties at a Putnam County...

LOS ANGELES, CA - July 12, 2012 - (RealEstateRama) -- Attorney General Kamala D. Harris announced that the Homeowner Bill of Rights, which will protect homeowners and borrowers during the mortgage and foreclosure process, was signed into law today by G...

WASHINGTON, D.C. - July 12, 2012 - (RealEstateRama) -- Today’s Department of Justice fair lending settlement with Wells Fargo Bank is welcome news, and highlights the benefits of new mortgage rules to combat predatory lending. The DOJ settlement of $175 million settles charges that Wells Fargo steered about 4,000 African-American and Hispanic families into higher-cost subprime mortgages while white borrowers with similar qualifications received safer, cheaper prime loans. DOJ also found that about 30,000 people of color paid more for their mortgages in fees and rates because of their race or ethnicity

WASHINGTON, D.C. - July 12, 2012 - (RealEstateRama) -- The Department of Justice today filed the second largest fair lending settlement in the department’s history to resolve allegations that Wells Fargo Bank, the largest residential home mortgage originator in the United States, engaged in a pattern or practice of discrimination against qualified African-American and Hispanic borrowers in its mortgage lending from 2004 through 2009.

WASHINGTON, DC - July 12, 2012 - (RealEstateRama) -- The Consumer Financial Protection Bureau (CFPB) has released its proposed rule to harmonize TILA and RESPA mortgage forms—forms borrowers receive when they shop for and apply for a mortgage to buy a house.

JACKSONVILLE, FL - July 5, 2012 – (RealEstateRama) — Wells Fargo & Company (NYSE: WFC), one of America’s leading community banks and the nation’s largest home mortgage lender, today announced that the NeighborhoodLIFTSM program, a ...

WASHINGTON, D.C. - July 11, 2012 - (RealEstateRama) -- Debra Still, CMB, Chairman-Elect of the Mortgage Bankers Association (MBA), today testified before the House Financial Services Subcommittee on Financial Institutions and Consumer Credit at a hearing title “The Impact of Dodd-Frank’s Home Mortgage Reforms: Consumer and Market Perspectives.”

WASHINGTON, D.C. - July 11, 2012 - (RealEstateRama) -- Mortgage applications decreased 2.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 6, 2012. This week’s results include an adjustment for the Fourth of July holiday

WASHINGTON, DC - July 11, 2012 - (RealEstateRama) -- The National Association of Realtors® today urged Congress and the Administration to develop a broadly-defined Qualified Mortgage (QM) regulation.

RIVERSIDE, CA - July 10, 2012 - (RealEstateRama) -- Today, Gregory Flores, former manager at All Fund Mortgage in Anaheim Hills, was sentenced to 144 months’ imprisonment and three years of supervised release. U.S. District Judge J. Virginia Phillips...

WASHINGTON, D.C. - July 10, 2012 - (RealEstateRama) -- On Tuesday July 10, 2012, the Mortgage Bankers Association (MBA) submitted a comment letter to the Bureau of Consumer Financial Protection (CFPB) in response to the reopening of the comment period for the proposed rule to implement the Ability to Repay/Qualified Mortgage (QM) provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. The letter outlines MBA’s views and recommendations as the CFPB undertakes further refinements.

MADISON - July 10, 2012 - (RealEstateRama) -- Attorney General J.B. Van Hollen and Marathon County District Attorney Kenneth J. Heimerman announced the filing of a complaint today, charging Jay Fischer with racketeering, embezzlement, fraud, and tax cr...

WASHINGTON, D.C. - July 9, 2012 - (RealEstateRama) -- “Because reverse mortgages can help older homeowners ease the strain of retirement, this product can be beneficial if seniors choose it based on a solid understanding of how it works,” CFPB Director Richard Cordray said. He added, however, that many seniors “struggle greatly to understand this complicated product and the tradeoffs involved.”

LOS ANGELES, CA - July 6, 2012 - (RealEstateRama) -- A real estate developer who formerly resided in Atascadero was indicted today on federal fraud and money laundering charges that accuse him of bilking investors who put money into Central Coast real ...