Mortgage

WASHINGTON, DC - October 13, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) today announced it is immediately suspending Michael Primeau, former President of Lend America, from doing any business with HUD following his admission that he engaged in a wide-scale mortgage fraud scheme. Specifically, Primeau pled guilty to charges he directed employees of Lend America, a former FHA-approved lender, to divert mortgage funds intended to pay off borrowers’ first mortgages at refinance closings in order to pay company operating expenses.

MINNEAPOLIS, MN - October 12, 2011 - (RealEstateRama) -- To date in 2011, more than a dozen people have been charged federally with mortgage fraud and related crimes in the District of Minnesota. These complex cases are the result of lengthy investigat...

WASHINGTON, D.C. - October 12, 2011 - (RealEstateRama) -- Mortgage applications increased 1.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 7, 2011.

Chicago, IL - October 11, 2011 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today awarded Henry V. (Hank) Cunningham, Jr., CMB, President of Cunningham & Company, with the Andrew D. Woodward Distinguished Service Award at the Association’s 98th Annual Convention and Expo held in Chicago, IL. The award was given to Cunningham in recognition of his dedication and prominent service to MBA and the mortgage lending industry.

CHICAGO, IL - October 11, 2011 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today announced the creation of a national 501(c)(3) nonprofit organization to be the umbrella for philanthropic ventures by MBA and its members to help American families and communities.

Irvine, CA - October 11, 2011 - (RealEstateRama) -- Faris Lee Investments, the nation’s largest retail-specialized investment advisory firm, has recently closed several single-tenant NNN leased property sales totaling more than $6.5 million including...

IRVINE, CA - October 11, 2011 - (RealEstateRama) -- Faris Lee Investments has expanded its Investment Banking platform with the addition of 25-year real estate industry veteran Terry Thompson who will lead a national focus on institutional client growt...

Washington, DC - October 10, 2011 - (RealEstateRama) -- Today, Congressman John Tierney (MA-06) will join a group of lawmakers in a meeting with Acting Director Edward DeMarco of the Federal Housing Finance Agency (FHFA) to discuss President Obama's pr...

INDIANAPOLIS, IN - October 10, 2011 - (RealEstateRama) -- As all three branches of state government have responded to the high level of mortgage foreclosures in Indiana, Attorney General Greg Zoeller noted the role of the Indiana Supreme Court in prote...

Chicago, IL - October 10, 2011 - (RealEstateRama) -- Michael W. Young, Chairman of the Board, Cenlar FSB, today was sworn in as the 2012 Chairman of the Mortgage Bankers Association (MBA) at the association's 98th Annual Convention & Expo in Chicago.

Chicago, IL - October 10, 2011 - (RealEstateRama) -- CampusMBA, the award-winning education division of the Mortgage Bankers Association (MBA), graduated 35 Certified Mortgage Bankers (CMB) at a ceremony held at MBA’s 98th Annual Convention & Expo in Chicago. The CMB designation is the highest professional honor within the real estate finance industry.

WASHINGTON, D.C. - October 6, 2011 - (RealEstateRama) -- Eliminating or curtailing the mortgage interest deduction would have a disproportionate impact on younger, middle-class families, who would see their ability to become home owners significantly diminished, with sober implications for their longer term financial prospects, the National Association of Home Builders (NAHB) told Congress today

WASHINGTON, DC - October 6, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released the September edition of the Obama Administration's Housing Scorecard – a comprehensive report on the nation’s housing market. The latest housing data offer continued mixed signals as home prices improved for the fourth consecutive month but showed continued strain from foreclosures and distressed sales. Also, mortgage defaults and foreclosure completions continued a downward trend as more homeowners were able to secure mortgage relief.

WASHINGTON, D.C. - October 6, 2011 - (RealEstateRama) --Mortgage applications decreased 4.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 30, 2011.

Atlanta, GA - October 4, 2011 - (RealEstateRama) -- GoFightForeclosure.com announced today using an expert witness helps resolve foreclosure disputes. The company offers Kyle Ransom’s nationwide expert witness Affidavit on their website for homeowners challenging foreclosures, foreclosure defense attorneys, mortgage servicers, and lending institutions

FRANKFORT, KY - October 4, 2011 - (RealEstateRama) -- The Department of Financial Institutions (DFI) urges consumers to take time during Financial Planning Week, Oct. 3-9, 2011, to re-evaluate personal goals and the financial paths to achieve them.

PLEASANTON, CA - October 4, 2011 - (RealEstateRama) -- Ellie Mae® (NYSE Amex: ELLI), a leading provider of automation solutions for the residential mortgage industry, announced today that it has enabled investor customization to its TQL (Total Quality Loan) program, a set of Ellie Mae and third-party services and technologies designed to enhance quality and compliance for loans originated through Encompass360® mortgage management software. The TQL program, which is currently in pilot with Wells Fargo Funding, a division of Wells Fargo Bank, N.A., can now be configured to accommodate the specific rules and requirements of individual secondary mortgage market investors.

MILFORD, CT - October 4, 2011 - (RealEstateRama) -- TMS Funding, the wholesale residential lending channel of Total Mortgage Services, LLC, announced today it is actively hiring new Account Executives to help expand its wholesale lending market position throughout the 21 states and Washington, DC in which it is currently licensed for wholesale mortgage production. TMS Funding is recruiting high quality Wholesale Account Executives with two-plus years of experience and a current mortgage broker base funding Conventional, FHA, USDA and Jumbo loans. The wholesale lender is offering a highly competitive compensation package and access to some of the lowest mortgage rates and best-in-class operational support in the mortgage industry.

WASHINGTON, D.C. - October 4, 2011 - (RealEstateRama) -- At the Federal Trade Commission’s request, a U.S. district court has shut down two related operations as a result of settlements with defendants who allegedly failed to provide promised debt relief services and jeopardized their clients’ privacy by tossing their personal information into unsecured dumpsters. In addition, one of the operations allegedly charged consumers a $1,495 up-front fee based on phony promises that they would get mortgage relief assistance.

Toms River, NJ - October 4, 2011 - (RealEstateRama) -- Veteran New Jersey real estate industry executive, Peter Tront, is happy to announce that he has successfully relocated his branch of the Real Estate Mortgage Network, Inc. (REMN), from Manasquan, ...