Archives

SACRAMENTO, CA - November 14, 2011 - (RealEstateRama) -- United States Attorney Benjamin B. Wagner announced that Glenn Watkins, 31; Kevin Watkins, 26; and Frederick Davis, 41, all of Elk Grove, pleaded guilty today to mail fraud for a mortgage fraud s...

CHARLESTON, WV - November 14, 2011 - (RealEstateRama) -- A Utah man pleaded guilty today in federal court before U.S. District Judge Thomas E. Johnston to charges connected to a multi-million-dollar mortgage fraud scheme involving properties at a Hurri...

WASHINGTON, D.C. - November 14, 2011 - (RealEstateRama) -- Following a report in the Toledo Blade showing that the City of Toledo is on track to raze a record number of abandoned houses this year, U.S. Sen. Sherrod Brown (D-OH) renewed his call for Con...

Anaheim, CA - November 14, 2011 - (RealEstateRama) -- Home buyers face unprecedented hurdles in qualifying for a mortgage in today’s market, but getting a loan is possible for those who know how to overcome the obstacles, according to a presentation on Cracking the Credit Code at the 2011 Realtors® Conference & Expo.

TRENTON, NJ - November 14, 2011 - (RealEstateRama) -- Attorney General Paula T. Dow and Criminal Justice Director Stephen J. Taylor announced that a lawyer from Westfield was indicted today on charges that he stole $189,660 in closing funds related to ...

TALLAHASSEE, FL - November 10, 2011 - (RealEstateRama) -- Attorney General Pam Bondi announced that a Tampa couple has pled guilty to a mortgage fraud racketeering conspiracy. David Barile, 44, and Melissa D. Barile, 35, both of Tampa, were involved in...

JACKSON, MS - November 10, 2011 - (RealEstateRama) -- Michael Lance Persac, 37, of Canton, was sentenced in federal court today to serve 30 months in federal prison followed by three years of supervised release for mortgage fraud, U.S. Attorney John Do...

River Edge, NJ - November 10, 2011 - (RealEstateRama) -- Real Estate Mortgage Network, Inc. (REMN), is pleased to announce that members of its branch division, doing business as Menlo Park Funding (http://menloparkfunding.com), have seen tremendous growth despite all of the challenges facing the industry this year. As a part of REMN, one of the largest independent non-bank lenders in the US, the value Menlo Park Funding brings to independent brokers and bankers and the ways in which it can help them succeed in a challenging environment is substantial. Highlights of the Menlo Park Funding program include:

INDIANAPOLIS, IN - November 10, 2011 - (RealEstateRama) -- More than 1,500 homes pended in October, with all but four Central Indiana counties reporting increased sales compared to the same time period last year, according to statistics compiled by F.C...

WASHINGTON, D.C. - November 10, 2011 - (RealEstateRama) You are currently considering legislation that would raise the lending limits in designated “high cost areas” of the US for loans guaranteed by Fannie Mae, Freddie Mac and FHA back to levels originally established on a temporary basis in 2008. For the reasons discussed below, I encourage you to go beyond this minimal restoration of higher lending limits, and temporarily raise the lending limits not just in “high cost areas”, but nationwide.

WASHINGTON, DC - November 9, 2011 - (RealEstateRama) -- The Department of Veterans Affairs announced today that the maximum amount of Veterans Mortgage Life Insurance (VMLI) increased from $90,000 to $150,000, effective Oct. 1, under the Veterans’ Benefits Act of 2010. Maximum coverage will further increase from $150,000 to $200,000 after Jan. 1, 2012

CHARLOTTE, NC - November 9, 2011 - (RealEstateRama) -- Average mortgage rates continued to fall according to the LendingTree Weekly Mortgage Rate Pulse, which tracks the lowest and average mortgage rates offered by lenders on the LendingTree network.

WASHINGTON, D.C. - November 9, 2011 - (RealEstateRama) -- Mortgage applications increased 10.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 4, 2011.

Las Vegas, NV - November 9, 2011 - (RealEstateRama) -- We have all witnessed the Occupy Wall Street demonstrations taking place in New York, and major cities throughout the country. Protesters are pointing their finger at major banking institutions, bl...

WASHINGTON, D.C. - November 8, 2011 - (RealEstateRama) -- John A. Courson, an established housing industry executive who most recently served as the president and chief executive officer of the Mortgage Bankers Association (MBA), has been tapped to become the new president and chief executive officer of the Home Builders Institute (HBI).

Long Island City, NY - November 7, 2011 - (RealEstateRama) -- The CBRE Capital Markets team in Tampa arranged the acquisition financing on Two Gotham Center, a 670,000-square-foot, state-of-the-art, LEED Certified 22-story office building, on behalf of...

JACKSON, MS - November 7, 2011 - (RealEstateRama) -- Bobby F. Fisher, John W. Emory, III, Joni Lynn Goss, and Matt Howard were sentenced by U.S. District Judge Henry T. Wingate in federal court for crimes involving mortgage fraud, U.S. Attorney John M....

COLUMBUS, OH - November 4, 2011 - (RealEstateRama) -- Red Mortgage Capital, LLC provided permanent financing for three assisted living senior communities in north-central Ohio utilizing FHA Section 232/223(f) mortgage insurance and Ginnie Mae Mortgage ...

Columbus, OH - November 4, 2011 - (RealEstateRama) -- Red Mortgage Capital, LLC has provided one of the nation’s first Fannie Mae DUS ARM 7-6 (“Fannie Mae 7-6”) structured product loans for a 46-unit/52-bed Memory Care Facility located in Louisvi...

Columbus, OH - November 4, 2011 - (RealEstateRama) -- Multifamily experts from comprehensive capital provider RED CAPITAL GROUP, LLC’s proprietary lending group closed a $20,000,000 first mortgage interim loan on a recently redeveloped 15-story high ...