Archives

Las Vegas, NV - January 5, 2012 - (RealEstateRama) -- The Property on Aliso had one Lien Holder which was Bank of America. It was originally listed for $165,000 and eventually sold for $133,000 with zero closing costs. It was purchased with a conventio...

WASHINGTON, D.C. - January 4, 2012 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the weeks ending December 23, 2011 and December 30, 2011.

Charlotte, NC - December 29, 2011 - (RealEstateRama) -- With mortgage rates continuing to be near record lows, LendingTree.com, the nation’s leading online lender exchange and personal finance resource, today released data highlighting the average loan amount on residential real estate purchases for all 50 states and Washington D.C. for the year. Hawaii, by far, leads the nation with an average home loan amount of $677,299, followed by Washington D.C. at $393,453, New Jersey at $344,240 and New York at $340,124. The states with the lowest average home loan amounts are Mississippi at $137,182 and Nebraska at $137,515. The national average for a home loan is $222,261.

Orlando, FL - December 29, 2011 - (RealEstateRama) -- FBC Mortgage, LLC prides itself on being a valuable partner in the communities they serve by supporting local charitable organizations with both in-kind and monetary donations throughout the year. T...

December 28, 2011 - (RealEstateRama) -- For the past 3 ½ years it is very accurate to say that the mortgage industry has undergone a battle for its very survival. One of the deepest recessions in our nation’s history, the sharpest decline in single-family housing values since the Great Depressions, and the highest unemployment rates since the 1970s have all combined to make the past few years the most difficult ever faced in our industry. The survivors of this difficult time must focus on being part of the solution and building a stronger mortgage industry.

December 28, 2011 - (RealEstateRama) -- BOISE—Finally Home!® Homebuyer Education classes will be held across the state throughout 2012. Idaho Partners for Homebuyer Education, Inc. (IPHBE Inc.) offers these informative classes to educate homebuyers ...

Washington, DC - December 22, 2011 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) today reported that the National Average Contract Mortgage Rate...

WASHINGTON, D.C. - December 21, 2011 - (RealEstateRama) -- The Department of Justice today filed its largest residential fair lending settlement in history to resolve allegations that Countrywide Financial Corporation and its subsidiaries engaged in a widespread pattern or practice of discrimination against qualified African-American and Hispanic borrowers in their mortgage lending from 2004 through 2008.<

LOS ANGELES, CA - December 21, 2011 - (RealEstateRama) -- The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) is distributing a public service announcement (PSA) to television and radio stations across California to warn consumers that they are at risk f...

WASHINGTON, D.C. - December 21, 2011 - (RealEstateRama) -- Mortgage applications decreased 2.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending December 16, 2011.

Washington, DC - December 21, 2011 - (RealEstateRama) -- On Friday, September 24th, NCRC will testify before Federal Reserve Board on making critical improvements to HMDA data, so that lenders can be held accountable for the types of loans they are issuing to communities.

AMHERST, NH - December 21, 2011 - (RealEstateRama) -- Praxius Technology, a leading real estate marketing technology company based in New Hampshire, is launching extensive real estate social media marketing training for agents and loan officers who collaborate using the company's Lender Agent Collaborative (http://praxiustechnology.com/services/lac)

River Edge, NJ - December 21, 2011 - (RealEstateRama) -- Real Estate Mortgage Network, Inc. (REMN), is introducing their customized Wholesale FHA 203(k) Rehabilitation Product to remove the complexity out of the process for independent retail lenders across the country. This new REMN Wholesale product dramatically improves the 203(k) experience for everyone involved by leveraging an in-house REMN team to manage the entire procedure. In challenging times, REMN Wholesale’s 203(k) initiative is just one more way in which the company is helping independent brokers find success.

ROCHESTER, NY - December 20, 2011 - (RealEstateRama) -- U.S. Attorney William J. Hochul, Jr. announced today that Calvin Brainard, Esq., 66, and Mary Brainard, 52, both of Seneca Falls, NY, were arrested and charged by Criminal Complaint with mail frau...

WASHINGTON, DC - December 20, 2011 - (RealEstateRama) -- Prospective homebuyers believe now is a good time to buy, given today’s low home prices and low mortgage interest rates, but potential sellers are nearly unanimous in reporting that it is not a good time to sell a home, citing difficulty in finding buyers at desired sales prices, according to a study released today by the Mortgage Bankers Association (MBA).

WASHINGTON, DC - December 20, 2011 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today urged members of the U.S. House of Representatives to vote against the Senate-passed bill that would extend the payroll tax holiday for two months by adding an additional tax on most homebuyers for the next ten years.

HARRISBURG - December 19, 2011 - (RealEstateRama) -- Attorney General Linda Kelly today announced that a consumer protection lawsuit filed against several employees linked to OPFM ? a defunct financial services company operating in Reading and Lancaste...

DENVER, CO - December 19, 2011 - (RealEstateRama) -- After deliberating for less than four hours, a federal court jury found Vicki Dillard Crowe, aka Vicki R. Dillard, age 32, of Denver, guilty of mail and wire fraud in connection with a mortgage fraud...

Washington, DC - December 19, 2011 - (RealEstateRama) -- A report issued today by NeighborWorks America prepared by the Urban Institute on the consumer benefits of the National Foreclosure Mitigation Counseling (NFMC) Program shows that homeowners who received NFMC counseling were nearly twice as likely to obtain a mortgage modification and at least 67 percent more likely to remain current on their mortgage nine months after receiving one, saving servicers considerable time and expense. The data compares the results against homeowners who obtained a mortgage modification without the assistance of an NFMC foreclosure prevention counselor. The report also showed that homeowners received, on average, a mortgage modification that lowered their payment by $176 more per month, than homeowners who didn’t work with an NFMC counselor – a savings of close to $2,100 a year.

PENSACOLA, FL - December 19, 2011 - (RealEstateRama) -- Pamela C. Marsh, United States Attorney for the Northern District of Florida, announced that Destin resident Randolph Branham (age 45) was convicted yesterday of conspiracy to commit bank fraud an...