Archives

February 22, 2012 - (RealEstateRama) -- United States Attorney Laura E. Duffy announced the unsealing of an indictment today charging a local real estate agent, Eric Elegado, and eight other mortgage industry professionals—Charmagne Elegado, Theodore...

WASHINGTON, D.C. - February 22, 2012 - (RealEstateRama) -- Mortgage applications decreased 4.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 17, 2012.

Las Vegas, NV - February 20, 2012 - (RealEstateRama) -- If you’ve been thinking about doing a short sale on your Nevada home, you might want to hurry up. The time is limited for homeowners who want to ensure they aren’t hit with a big tax bill beca...

WASHINGTON, DC - February 17, 2012 - (RealEstateRama) -- The Department of Veterans Affairs announced its participation in the largest state-federal legal settlement in history that deals with problems within the mortgage industry.

San Diego, CA - February 16, 2012 - (RealEstateRama) -- REMN Wholesale, a division of Real Estate Mortgage Network, Inc., is pleased to announce their upcoming free Webinar for VA Interest Rate Reduction Refinancing Loans (IRRRL). Taking place on February 23rd, the “Helping Our Veterans While Helping Your Business” Webinar will explain the VA IRRRL opportunities that brokers and originators can make available to military veterans with existing VA mortgages. The Webinar will be produced along with National Mortgage Professional Magazine

WASHINGTON, D.C. - February 16, 2012 - (RealEstateRama) -- The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 7.58 percent of all loans outstanding as of the end of the fourth quarter of 2011, a decrease of 41 basis points from the third quarter of 2011, and a decrease of 67 basis points from one year ago, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey. The non-seasonally adjusted delinquency rate decreased five basis points to 8.15 percent this quarter from 8.20 percent last quarter.

WASHINGTON, D.C. - February 16, 2012 - (RealEstateRama) -- Preet Bharara, the United States Attorney for the Southern District of New York, Helen Kanovsky, General Counsel of the U.S. Department of Housing and Urban Development (“HUD”), and David A. Montoya, the Inspector General of HUD, announced today that the United States has filed, and simultaneously settled, a civil fraud lawsuit against CITIMORTGAGE, INC. (“CITIMORTGAGE”), a subsidiary of CITIBANK, N.A. The Government’s Complaint seeks damages and civil penalties under the False Claims Act and the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (“FIRREA”) for over six years of misconduct in connection with CITIMORTGAGE’s participation in the Federal Housing Administration (“FHA”) Direct Endorsement Lender Program

Washington, DC - February 15, 2012 - (RealEstateRama) -- Federal and state governments recently settled a major agreement with the country’s five largest mortgage servicers: Ally/GMAC, Bank of America, Citi, JPMorgan Chase and Wells Fargo.

SAN DIEGO, CA - February 15, 2012 - (RealEstateRama) -- Three individuals charged with conspiracy to commit wire fraud and mail fraud for their roles in operating a fraudulent mortgage loan modification business pled guilty today in federal court in Sa...

WASHINGTON, D.C. - February 15, 2012 - (RealEstateRama) -- Mortgage applications decreased 1.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 10, 2012.

WASHINGTON, D.C. - February 14, 2012 - (RealEstateRama) -- At the request of the Federal Trade Commission, a U.S. district court put the mortgage relief business permanently off limits to marketers who allegedly charged thousands of consumers up to $2,600 each, based on bogus promises to provide loan modifications that would make mortgages much more affordable.

Wilmington, AR - February 13, 2012 - (RealEstateRama) -- The men and women serving in America’s military will gain important new protections under the multistate mortgage foreclosure settlement reached this week, Delaware Attorney General Beau and tw...

LITTLE ROCK - February 13, 2012 - (RealEstateRama) -- Attorney General Dustin McDaniel announced today that Arkansas has joined other states and the federal government in a landmark multibillion dollar settlement with five of the nation's largest banks...

FRANKFORT, KY - February 13, 2012 - (RealEstateRama) -- Today the Department of Financial Institutions (DFI) announced it is participating in the $25 billion national mortgage settlement reached in response to significant and far-reaching problems disc...

February 13, 2012 - (RealEstateRama) -- Colorado U.S. Senator Michael Bennet released the following statement after the announcement of a $25 billion deal states reached between the U.S. Department of Housing and Urban Development, the U.S. Department ...

Jackson, MS - February 13, 2012 - (RealEstateRama) -- Attorney General Jim Hood today announced Mississippi is part of the $25 billion joint federal-state agreement with the nation’s five largest mortgage servicers over foreclosure abuses and fraud, ...

Boise, ID - February 13, 2012 - (RealEstateRama) -- Department of Finance Director Gavin Gee announced his department is participating in an historic mortgage servicing settlement in response to significant and far-reaching problems discovered in the r...

Jefferson City, MO - February 13, 2012 - (RealEstateRama) -- Attorney General Chris Koster today announced Missouri’s participation in a landmark national mortgage settlement that will bring more than $196 million to Missouri taxpayers and the state....

February 13, 2012 - (RealEstateRama) -- Attorney General William J. Schneider announced that Maine joined a landmark $25 billion joint federal-state agreement and the nation’s five largest mortgage servicers over foreclosure abuses, fraud and unaccep...

Baltimore, MD - February 13, 2012 - (RealEstateRama) -- Attorney General Douglas F. Gansler today announced a settlement with the nation's five largest mortgage servicers, bringing a projected $960 million in monetary benefits and relief to distressed ...