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MILFORD, CT - December 7, 2011 - (RealEstateRama) -- Total Mortgage Services, LLC, a leading mortgage lender, announced today that it received its West Virginia Mortgage Lender License from the West Virginia Division of Banking and is able to originate residential mortgage loans throughout the state of West Virginia. Total Mortgage is licensed as a mortgage lender in West Virginia and holds Mortgage Lender License ML-30789.

LOS ANGELES, CA - December 7, 2011 - (RealEstateRama) -- Attorneys General Kamala D. Harris of California and Catherine Cortez Masto of Nevada today announced that their states have entered into a joint investigation alliance designed to assist homeown...

WASHINGTON, D.C. - December 7, 2011 - (RealEstateRama) -- Today, we will address what Fannie Mae is doing to help make realism the bedrock of a sustainable housing industry. As we settle into a new year, the housing market is still facing strong headwinds. The economic recovery has been slow…unemployment has dropped but remains high…and many families are struggling to make their mortgage payments. But the good news is, there’s a 100 percent chance that Fannie Mae is going to survive all this and keep providing us mortgage loans for many decades to come.

DENVER, CO - December 7, 2011 - (RealEstateRama) -- Three men were recently sentenced for implementing a mortgage fraud scheme, United States Attorney John Walsh, FBI Special Agent in Charge James Yacone and IRS Criminal Investigation, Special Agent in...

WASHINGTON, D.C. - December 7, 2011 - (RealEstateRama) -- Mortgage applications increased 12.8 percent from one week earlier (which included the Thanksgiving holiday), according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending December 2, 2011.

WASHINGTON, D.C. - December 7, 2011 - (RealEstateRama) -- David H. Stevens, President and CEO of the Mortgage Bankers Association (MBA) testified today before the House Financial Services Subcommittee on Capital Markets and the Government Sponsored Enterprises at a hearing on The Private Mortgage Market Investment Act.”

December 6, 2011 - (RealEstateRama) -- WHAT: Attorneys General Kamala D. Harris of California and Catherine Cortez Masto of Nevada will make a joint mortgage-related announcement.

WASHINGTON, D.C. - December 6, 2011 - (RealEstateRama) -- During the third quarter, delinquency rates declined for commercial and multifamily mortgages held by banks and in commercial mortgage backed securities (CMBS). Delinquency rates increased for loans held by life insurance companies and held or insured by Fannie Mae and Freddie Mac but are still at low levels, according to the Mortgage Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report.

WASHINGTON, DC - December 5, 2011 - (RealEstateRama) -- The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP), the Consumer Financial Protection Bureau (CFPB), and the U.S. Department of the Treasury today announced the creation of a joint task force to combat scams targeted at homeowners seeking to apply for the Home Affordable Modification Program (HAMP). SIGTARP, the CFPB, and Treasury have partnered to protect taxpayers by investigating and shutting down these scams and by providing education programs to vulnerable homeowners. The joint task force today issued a consumer fraud alert to protect homeowners from HAMP-related mortgage modification scams. The fraud alert will also be provided directly to homeowners eligible for HAMP.

WASHINGTON, DC - December 5, 2011 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today announced it has completed the transition, announced in September, and will resume support for the Mortgage Industry Standards Maintenance Organization, Inc. (MISMO®). With the successful transition, MISMO will now focus efforts on regulatory implementation and advocating for broader adoption of data standards throughout the industry.

Alexandria, VA - December 5, 2011 - (RealEstateRama) -- A majority of respondents (63 percent) in ABI’s latest Quick Poll think that a debtor should be allowed to claim technical defenses based on the fact that the creditor asserting the claim (e.g., MERS) is not in possession of the note or lacks standing, even if the debtor ahs no substantive defense to liability on a mortgage note. Fifty percent of respondents “strongly disagreed” and 13 percent “somewhat disagreed” with the Poll’s statement that “it should not matter” that the current assignee of the note and mortgage has technical problems with the chain of negotiation and assignment of the note, even though the debtor has no substantive defense to liability on the mortgage note.

SACRAMENTO, CA - December 2, 2011 - (RealEstateRama) -- Attorney General Kamala D. Harris today announced the arrests of three top officers of a Stockton real estate company who took thousands of dollars in up-front loan modification fees and made fals...

WASHINGTON, D.C. - December 2, 2011 - (RealEstateRama) -- Henry V. Cunningham Jr., CMB, a member of the Mortgage Bankers Association’s (MBA) Board of Directors and immediate past Chairman of MBA’s Residential Board of Governors (RESBOG), testified today before the House Financial Services Committee at a hearing titled, “Perspectives on the Health of the FHA Single-family Insurance Fund.”

DENVER, CO - December 2, 2011 - (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 first Denver area retail location. As REMN’s fir...

MCLEAN, VA - December 1, 2011 - (RealEstateRama) -- Freddie Mac (FMCC.OB) today announced it has ordered all evictions involving foreclosed occupied single family and 2-4 unit properties that had Freddie Mac mortgages to be suspended from December 19, 2011 to January 2, 2012.

WASHINGTON, D.C. - November 30, 2011 - (RealEstateRama) -- Mortgage applications decreased 11.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 25, 2011. This week’s results include an adjustment to account for the Thanksgiving holiday

COLUMBIA, SC - November 29, 2011 - (RealEstateRama) -- United States Attorney Bill Nettles stated today that Robert C. Sasser, age 32, of Lexington, was sentenced in federal court in Columbia for wire fraud, a violation of 18 U.S.C. § 1343. United Sta...

Washington, DC – November 29, 2011 – (RealEstateRama) — Congresswoman Waters (CA), Ranking Member on the Subcommittee on Capital Markets and Government Sponsored Enterprises, today led 15 of her colleagues in the House of Representati...

Washington, DC - November 29, 2011 - (RealEstateRama) -- U.S. house prices rose in the third quarter of 2011 according to the Federal Housing Finance Agency¡¦s (FHFA) seasonally adjusted purchase-only house price index (HPI). The HPI, calculated using home sales price information from Fannie Mae- and Freddie Mac-acquired mortgages, was 0.2 percent higher on a seasonally adjusted basis in the third quarter than in the second quarter. On an unadjusted basis, prices rose 0.7 percent during the quarter. Over the past year, seasonally adjusted home prices fell 3.7 percent from the third quarter of 2010 to the third quarter of 2011.

PITTSBURGH, PA - November 28, 2011 - (RealEstateRama) -- A resident of Blairsville, Pa., has been sentenced in federal court to 41 months in prison on his conviction of wire fraud conspiracy, United States Attorney David J. Hickton announced today.