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NEWPORT NEWS, VA - December 16, 2011 - (RealEstateRama) -- Victoria L. Allen, 57, of Chesapeake, Va., pleaded guilty yesterday to a charge of conspiracy to commit mail and wire fraud, stemming from a mortgage fraud orchestrated by Allen and several oth...

Washington, DC - December 16, 2011 - (RealEstateRama) -- The level of commercial/multifamily mortgage debt outstanding was essentially unchanged in the third quarter of 2011, as three of the four major investor groups increased their holdings, according to the Mortgage Bankers Association (MBA).

WASHINGTON, D.C. - December 15, 2011 - (RealEstateRama) -- Six defendants have agreed to settle Federal Trade Commission charges that they participated in a fraudulent mortgage modification and foreclosure relief scheme. The settlement orders require five defendants to pay back millions in ill-gotten gains, and permanently ban all six from selling any mortgage assistance or debt relief products. The settlements with the U.S. Homeowners Relief defendants are part of the agency’s ongoing crackdown on frauds targeting consumers in financial distress.

Washington, DC - December 15, 2011 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) today said it will extend implementation dates for a key component of the Uniform Mortgage Data Program (UMDP) announced in May 2010, known as the Uniform Loan Delivery Dataset (ULDD).

Las Vegas, NV - December 15, 2011 - (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...

Charlotte, NC - December 14, 2011 - (RealEstateRama) -- With new regulations and policies affecting the mortgage industry and increased closing timelines for loans , LendingTree.com, the nation’s leading online lender exchange and personal finance resource, today released a list of the top five documents prospective borrowers should have before entering the loan process.

WASHINGTON, D.C. - December 14, 2011 - (RealEstateRama) -- Mortgage applications increased 4.1 percent from one week earlier, driven by a surge in refinance applications, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending December 9, 2011

WASHINGTON, D.C. - December 13, 2011 - (RealEstateRama) -- Bob Nielsen, chairman of the National Association of Home Builders (NAHB) and a home builder from Reno, Nev., today issued the following statement on a congressional plan to raise fees charged by Fannie Mae and Freddie Mac and use them to help pay for an extension of this year’s payroll tax cut through 2012:

COLUMBUS, OH - December 12, 2011 - (RealEstateRama) -- Ohio Attorney General Mike DeWine today announced an agreement with American Home Mortgage Servicing Inc. (AHMSI) to settle a 2009 lawsuit filed in Franklin County Common Pleas Court that alleged A...

December 12, 2011 - (RealEstateRama) -- The United States Attorney’s Office for the Middle District of Pennsylvania, announced that a third defendant connected to a mortgage fraud scheme was sentenced today by Senior U.S. District Court Judge Edwin M...

Aliso Viejo, CA - December 12, 2011 - (RealEstateRama) -- Point Center Financial, Inc., retained Dale A. Martin as In-House Corporate Counsel. In his current role, Mr. Martin will serve as counsel to Point Center Financial and its executive management team on all legal matters including commercial real estate finance, corporate, litigation, and general risk management relative to the company’s operations and duties. In addition, he will monitor changes in the law to proactively define and develop corporate strategies, policies, procedures and programs.

Atlanta, GA - December 12, 2011 - (RealEstateRama) -- On December 7, 2011, an Order to Cease and Desist issued by the Georgia Department of Banking and Finance (“Department”) to Fortune Mortgage Company, Inc. dba Fortune Mortgage Corp. dba Fortune ...

WASHINGTON, D.C. - December 12, 2011 - (RealEstateRama) -- Mortgage Cadence, LLC, a leading provider of Enterprise Lending Solutions (ELS), Default Servicing Technology and Document Services for the financial services industry, is excited to present a series of short films under the guise of “The Lender Blender” to the public. This series of shorts irreverently illustrates the dangers that come with mismanaged processes in the midst of an industry overhaul.

INDIANAPOLIS, IN - December 12, 2011 - (RealEstateRama) -- More than 1,400 homes pended in November, with all but two Central Indiana counties reporting increased sales compared to the same time period last year, according to statistics compiled by F.C...

Washington, DC - December 9, 2011 - (RealEstateRama) -- The National Association of Realtors® supports legislation introduced today that provides sensible reform of the secondary mortgage market and protects the interest of taxpayers.

WASHINGTON, DC - December 8, 2011 - (RealEstateRama) -- Rep. Scott Garrett (R-NJ), Chairman of the Financial Services Subcommittee on Capital Markets and Government-Sponsored Enterprises, delivered the following opening statement today at a hearing to ...

Delray Beach, FL - December 8, 2011 - (RealEstateRama) -- CBRE announced today the sale of The Arbors Office Park at 1615, 1625 & 1690 South Congress Avenue in Delray Beach to RexxHall Realty. LLC. The three-building office park totals 244,247 ren...

Charlotte, NC - December 8, 2011 - (RealEstateRama) -- With the housing market continuing to struggle and fewer consumers being able to purchase a new home or apartment, LendingTree.com, the nation’s leading online lender exchange and personal financ...

WASHINGTON, DC - December 8, 2011 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today filed a comment letter with the Federal Housing Finance Agency (FHFA) in response to its "Alternative Mortgage Servicing Compensation Discussion Paper," a September proposal to overhaul the mortgage servicing compensation system that has the potential to dramatically change residential servicing, origination, and secondary market operations.

WASHINGTON, DC - December 8, 2011 - (RealEstateRama) -- Independent mortgage banks and subsidiaries made an average profit of $1,263 on each loan they originated in the third quarter of 2011, up from $575 per loan in the second quarter of 2011, according to the Mortgage Bankers Association’s (MBA) Third Quarter 2011 Mortgage Bankers Performance Report released today.