Mortgage

Atlanta, GA - February 6, 2012 - (RealEstateRama) -- Commercial/multifamily originations during the fourth quarter of 2011 were up 13 percent over the fourth quarter of 2010, but fell 7 percent from the third quarter of 2011, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.

WASHINGTON, D.C. - February 2, 2012 - (RealEstateRama) -- David H. Stevens, President and CEO of the Mortgage Bankers Association (MBA), today issued the following statement reacting to the housing plan outlined by President Obama in a speech in Virginia today.

Washington, DC - February 1, 2012 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) today announced the first step of a Real-Estate Owned (REO) Initiative targeted to hardest-hit metropolitan areas announced in August 2011. Investors interested in participating may “pre-qualify” to establish eligibility to bid on transactions in the initial pilot phase as well as subsequent phases

MERIDIAN, ID - February 1, 2012 - (RealEstateRama) -- Meridian REALTOR® John Espinosa sees foreclosure inventory of bank owned homes likely continuing to bring out bargain hunters through 2012, bringing with it exceptional prices.

Las Vegas, NV - February 1, 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 becau...

Atlanta, GA - January 31, 2012 - (RealEstateRama) -- Announced today QWR Attack! is the new mobile application on the Android Market to challenge mortgage foreclosures. Designed to help mortgage borrowers create a qualified written request to reconcile issues concerning a mortgage loan over enforceable security interest authority.

ROCKY HILL, CT - January 31, 2012 - (RealEstateRama) -- The Connecticut Housing Finance Authority (CHFA) provides below-market rate mortgages to first- time homebuyers in the state. In January, CHFA’s interest rate dropped to a record low of 3.250 percent for a 30-year fixed mortgage. “The interest rate has been gradually decreasing this year, but this is the lowest rate in the 42-year history of CHFA,” said John Craford, Executive Vice President. According to a recent Freddie Mac survey, the nationwide 30-year fixed rate mortgage average was 3.88 percent, down from 4.74 percent at the same time last year.

SACRAMENTO, CA - January 30, 2012 - (RealEstateRama) -- United States Attorney Benjamin B. Wagner announced that a federal grand jury returned an indictment yesterday charging two defendants with mail fraud and money laundering in connection with a mor...

Las Vegas, NV - January 30, 2012 - (RealEstateRama) -- The Ballen Group, A Las Vegas Short Sale Specialist Team, known for their Las Vegas Real Estate experience in Short Sales, has just closed another Short Sale in Nevada. Using their comprehensive Sh...

WASHINGTON, D.C. - January 26, 2012 - (RealEstateRama) -- David H. Stevens, President and CEO of the Mortgage Bankers Association (MBA), today issued the following statement.

WASHINGTON, D.C. - January 26, 2012 - (RealEstateRama) -- David H. Stevens, President and CEO of the Mortgage Bankers Association (MBA), today announced the appointment of Peter J. Grace to be MBA’s new Vice President of Strategic Planning and Internal Technology. Mr. Grace will facilitate the implementation of strategic initiatives through a coordinated project management and leadership role. Mr. Grace will manage cross-functional alignment on strategic initiatives that include broad membership engagement and coordination. He will also be responsible for managing MBA’s internal technology activities.

WASHINGTON, D.C. - January 26, 2012 - (RealEstateRama) -- In the annual State of the Union address last night, President Barack Obama offered his “Blueprint for an America Built to Last,” which centers on reducing the disparities in income and wealth among Americans. He wants people of means to pay their fair share of taxes and he wants to improve the prospects for low and middle income Americans to get good jobs that pay a fair wage. He appealed to Congress to set aside ideological differences and act together on behalf of the American people.

WASHINGTON, D.C. - January 26, 2012 - (RealEstateRama) -- Hudson Realty Capital LLC has funded a $4 million bridge loan involving two multi-family rental properties in Washington, D.C. The borrower utilized the loan proceeds to pay off the properties’ existing mortgage, which had matured, and to fund necessary reserves.

Burlington, VT - January 25, 2012 - (RealEstateRama) -- Real Estate Mortgage Network, Inc. (REMN), one of the largest, privately held non-bank lenders in the US, is pleased to announce the opening of their new retail location in Burlington, VT. Located in one of the New England area’s most thriving cities, REMN’s new Burlington office will be staffed by local lending experts who will bring the company’s customer-focused approach to mortgage products to residents and real estate professionals across the New England area.

WASHINGTON, D.C. - January 25, 2012 - (RealEstateRama) -- Mortgage applications decreased 5.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 20, 2012. The results include an adjustment to account for the Martin Luther King holiday.

MILFORD, CT - January 25, 2012 - (RealEstateRama) -- TMS Funding, the wholesale residential lending channel of Total Mortgage Services, LLC, announced today the hiring of Domenic Melillo as Vice President of Wholesale Lending. Mr. Melillo joins TMS Funding with over 30 years of success in mortgage sales management, operations, strategic development, marketing, risk management, and secondary marketing management. In this new role at TMS Funding, Mr. Melillo will be focused on increasing both wholesale production and TMS Funding’s team of Account Executives throughout the United States.

January 24, 2012 - (RealEstateRama) -- The United States Attorney’s Office for the Middle District of Pennsylvania, announced that a fourth defendant connected to a mortgage fraud scheme was sentenced today by Senior U.S. District Court Judge Edwin M...

Washington, D.C. - January 24, 2012 - (RealEstateRama) -- Based on what we've heard, the settlement between major banks and states’ Attorneys General (AGs), the federal Department of Housing and Urban Development, and the Department of Justice would represent an important step forward in addressing foreclosure abuses. The settlement would include key reforms to clean up unfair mortgage servicing practices. It would also provide an important template for ways banks can use principal reduction to reduce unnecessary foreclosures and put the country back on a path to economic recovery.

WASHINGTON, D.C. - January 24, 2012 - (RealEstateRama) -- Mortgage Cadence, LLC, a leading provider of Enterprise Lending Solutions (ELS), Default Servicing Technology and Document Services for the financial services industry, saw tremendous growth in 2011, enabling an aggressive trajectory for 2012. Due in part to the partnering of Monitor Clipper Partners and Mortgage Cadence in 2010, this acquisition allowed Mortgage Cadence to take their already-innovative technology to new heights by investing in new technology and expanding its technology offerings all while exceeding customer expectations.

IRVINE, CA - January 23, 2012 - (RealEstateRama) -- Hanley Investment Group Real Estate Advisors, one of the most dominant retail investment groups in the western United States and a market leader in the sale of retail properties, announced today the company closed out 2011 with the sale of 40 properties totaling over $225 million and more than 1.5 million square feet. Some of the Hanley Investment Group transaction highlights include Hanley Investment (HI) Urban Retail Advisors' $21 million sale of the landmark 87,000 sq. ft. urban retail/office complex in the South Lake District of Pasadena, Calif.; eight multi-tenant strip centers in the Inland Empire totaling 174,571 square feet for a total consideration of approximately $19 million; along with an array of single-tenant bank, fast food and restaurant investments that included tenants Applebee’s, B ank of America, Carl’s Jr., Chase Bank, Del Taco and Wendy’s.