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Cyber Monday Best Deal Is GoFightForeclosure.com Learning How-to Contest Foreclosure
Atlanta, GA - November 28, 2011 - (RealEstateRama) -- GoFightForeclosure.com today announced cyber Monday best deal how-to contest foreclosure. The website has turned into an online movement that educates homeowners about secrets mortgage lenders don’t want them to know to challenge foreclosure and win.
Mortgage Applications Decrease in Latest MBA Weekly Survey
WASHINGTON, D.C. - November 23, 2011 - (RealEstateRama) -- Mortgage applications decreased 1.2 percent from one week earlier (which included the Veterans Day holiday), according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 18, 2011.
Majority Say Banks Should Slash Mortgages
Destin, FL - November 22, 2011 - (RealEstateRama) -- A large majority of those surveyed say banks and mortgage lenders should be forced to slash the mortgage principal owed by homeowners who are in danger of foreclosure, according to a new Housing Predictor opinion poll.
Federal Housing Finance Agency Reports Mortgage Interest Rates
Washington, DC - November 22, 2011 - (RealEstateRama) -- The Federal Housing Finance Agency today reported that the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders, used as an index in some ARM contracts, was 4.19 percent based on loans closed in October. This is a decrease of 0.19 percent from the previous month.
Why AB284 Helps Nevada Homeowners Seeking Short Sales
Las Vegas, NV - November 21, 2011 - (RealEstateRama) -- There was a significant decline in the number of mortgage default notices served on homeowners in the Las Vegas metro area and in Nevada in October, but not because of a sudden recovery in the hou...
J.D. Power and Associates Ranks Detroit-based Quicken Loans Inc. Highest U.S. Home Lender for...
Detroit, MI - November 18, 2011 - (RealEstateRama) -- Detroit-based Quicken Loans Inc., the nation’s largest online lender and a top-five retail mortgage originator, announced it ranked highest in “customer satisfaction” among all home loan lenders in the United States for the second consecutive year in a benchmark study of mortgage origination by J.D. Power and Associates, the global marketing information services company.
“Lost Ground:” CRL Research Shows Foreclosure Crisis Not Halfway Over Offers Breakdown By State,...
WASHINGTON, D.C. - November 17, 2011 - (RealEstateRama) -- 2.7 million of the mortgages made at the height of the housing bubble have ended in foreclosure and at least another 3.6 million likely will fail in the next few years, a new CRL research report shows. That means the nation is not yet midway through a foreclosure crisis that mires the economy.
SIGTARP SHUTS DOWN 85 ONLINE MORTGAGE MODIFICATION SCAMS ADVERTISED ON GOOGLE
WASHINGTON, DC - November 17, 2011 - (RealEstateRama) -- The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) today announced that it has shut down 85 alleged online mortgage modification scams that prey on vulner...
Corker Calls Renewal of Federal Housing Loan Limits to Subsidize Expensive Mortgages “Unconscionable,” Will...
WASHINGTON, DC - November 17, 2011 - (RealEstateRama) -- U.S. Senator Bob Corker, R-Tenn., a member of the Senate Banking Committee, today called an effort to renew excessive loan limits for mortgages backed by the Federal Housing Administration “unc...
Woodstock Institute welcomes Spencer Cowan as new Vice President of Applied Research
WASHINGTON, D.C. - November 17, 2011 - (RealEstateRama) -- Woodstock Institute and its Board of Directors are pleased to announce that Spencer Cowan will join Woodstock in December 2011 as Vice President of Applied Research.
“Spencer has an exceptional body of work and a strong grounding in the public policy issues at the intersection of housing and community economic development,” said Dory Rand, President of Woodstock Institute.
Delinquencies Decrease, Foreclosures Rise in Latest MBA Mortgage Delinquency Survey
WASHINGTON, D.C. - November 17, 2011 - (RealEstateRama) -- The seasonally adjusted delinquency rate for mortgage loans on one-to-four-unit residential properties fell to 7.99 percent in the third quarter of 2011, according to data from the Mortgage Bankers Association’s (MBA) National Delinquency Survey. This is the lowest level recorded since the fourth quarter of 2008.
Award Winning Study Examines Impact of Social Networks on Homeowners Decision to Strategically Default
WASHINGTON, DC - November 17, 2011 - (RealEstateRama) -- Unemployment and other factors have caused many homeowners to involuntarily default on their mortgages. At the same time, falling home prices, the possibility of being underwater for many years and advice from certain influencers, or "mavens," may have encouraged others to simply stop paying, with deleterious consequences in some markets, according to a study released today by the Mortgage Bankers Association (MBA).
Last Remaining Defendants in “Hope Now” Scheme Settle FTC Charges; Order Puts Them Out...
WASHINGTON, D.C. - November 16, 2011 - (RealEstateRama) -- The Federal Trade Commission has obtained a settlement against the remaining defendants in an allegedly fraudulent mortgage modification scheme that will permanently ban them from the mortgage assistance business and force them to return ill-gotten gains to consumers.
Mortgage Applications Decrease in Latest MBA Weekly Survey
WASHINGTON, D.C. - November 16, 2011 - (RealEstateRama) -- Mortgage applications decreased 10.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 11, 2011. This week’s results include an adjustment to account for the Veterans Day holiday.
Faris Lee Investments Completes $9.7 Million Sale of 24,605 SF, Multi-Tenant Property in Baldwin...
IRVINE, CA - November 16, 2011 - (RealEstateRama) -- Faris Lee Investments, the nation’s largest retail-specialized investment advisory firm, has announced the $9.7 million sale of Baldwin Park Towne Center. Built in 1987, the 24,605-square-foot, mul...
Final Defendant Sentenced in Mortgage Fraud Case
ALBANY, NY - November 16, 2011 - (RealEstateRama) -- Richard S. Hartunian, United States Attorney for the Northern District of New York; Rene Febles, Special Agent in Charge of the Office of Inspector General, U.S. Department of Housing and Urban Devel...
Vitter: Congress Needs to Reform Mortgage Entities, End Taxpayer Bailouts
Washington, D.C. - November 15, 2011 - (RealEstateRama) -- U.S. Sen. David Vitter today made the following statement after a hearing of the Senate Committee on Banking, Housing and Urban Affairs, of which he is a member, regarding oversight of the Fede...
South Carolina REALTORS® Release October Market Numbers
COLUMBIA, S.C. - November 15, 2011 - (RealEstateRama) -- South Carolina REALTORS® (SCR) today released its October 2011 statewide market reports. Record low mortgage rates, affordable prices and favorable negotiating leverage seem to be driving purcha...
CONSTRUCTION MATERIALS PRICES DOWN SLIGHTLY IN OCTOBER BUT CONTINUE TO OUTPACE BUILDING PRICES FOR...
WASHINGTON, D.C. - November 15, 2011 - (RealEstateRama) -- The amount contractors pay for a range of key construction materials dropped slightly (-0.6 percent) in October but climbed 6.9 percent from the year-earlier level, according to an analysis of producer price index figures released today by the Associated General Contractors of America. Meanwhile, the price contractors charge for new nonresidential building construction edged up only 3.3 to 4.3 percent over 12 months, depending on building type.
REAL ESTATE MORTGAGE NETWORK, INC., EXPANDS ATLANTA-AREA TEAM WITH DONNA QUIGLEY AND TAMMY BURGE
ATLANTA, GA - November 15, 2011 - (RealEstateRama) -- Real Estate Mortgage Network, Inc. (REMN), one of the largest, privately held non-bank lenders in the US, is pleased to announce that Donna Quigley and Tammy Burge have joined their growing Atlanta-area team as Mortgage Loan Originators in the company’s Stockbridge, GA, office. Reporting directly to Jackie Pratt, Vice President and Branch Manager for the Stockbridge office, Quigley and Burge will help service the mortgage lending needs of the area’s home buyers, home owners and real estate professionals.