Mortgage

WASHINGTON, D.C. - August 22, 2011 - (RealEstateRama) -- The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 8.44 percent of all loans outstanding as of the end of the second quarter of 2011, an increase of 12 basis points from the first quarter of 2011, and a decrease of 141 basis points from one year ago, according to the Mortgage Bankers Association's (MBA) National Delinquency Survey. The non-seasonally adjusted delinquency rate increased 32 basis points to 8.11 percent this quarter from 7.79 percent last quarter.

WASHINGTON, D.C. - August 22, 2011 - (RealEstateRama) -- The Mortgage Bankers Association's (MBA) Economic and Mortgage Finance Forecasts released today project $1.1 trillion in residential mortgage origination volume in 2011, roughly $100 billion more than earlier forecasts, as low mortgage rates have brought in higher than expected refinance volume, while purchase volume has been less than anticipated. However, despite lower forecasted mortgage rates, weaker projected economic growth in 2012 led to a reduction in MBA's origination forecast for that year to $931 billion, which would be the lowest volume originated since 1997.

LAS VEGAS, NV - August 22, 2011 - (RealEstateRama) -- In today’s economy, every penny counts. The Myers Team with the Caliber Realty Group recognizes that there are many homeowners in Las Vegas who still have equity and do NOT need to do a short sale. While real estate commissions are negotiable, the fact remains that most real estate companies still charge a 6% commission to sell your home, even though Las Vegas home values have depreciated by 50% or more. Additionally, many Brokers feel it is acceptable to charge a “transaction fee” on top of the commission (a.k.a. document fees, storage fees, compliance fees, etc.) and these fees can range anywhere from $400.00 – $700.00. Why pay top dollar to sell your home when you can get BETTER SERVICE, BETTER MARKETING and BETTER RESULTS for less?

SAN FRANCISCO, CA - August 19, 2011 - (RealEstateRama) -- Attorney General Kamala D. Harris today announced that the California Department of Justice, in conjunction with the State Bar of California, has sued multiple entities accused of fraudulently taking millions of dollars from thousands of homeowners who were led to believe they would receive relief on their mortgages.

BOSTON, MA - August 18, 2011 - (RealEstateRama) -- MassHousing has honored seven of its 2010 top-producing home mortgage lending partners for their commitment to affordable homeownership.

WASHINGTON, DC - August 17, 2011 - (RealEstateRama) -- Serious delinquency rates for mortgages continue to stabilize across the largest 100 U.S. metropolitan areas, though they remain at historically high levels according to the latest data from Foreclosure-Response.org. Serious delinquency, defined as the share of loans in foreclosure plus the share of loans delinquent 90 or more days, fell 10% from the peak in December 2009 through March 2011. The 90+-day delinquency component of the figure fell from 5.5% of the mortgage market to 3.9% over the same period. However, the share of homes in foreclosure continues to rise, increasing 12% in that period.

Atlanta, GA - August 17, 2011 - (RealEstateRama) -- On August 16, 2011, an Order to Cease and Desist issued by the Georgia Department of Banking and Finance (“Department”) to Mortgage Foreclosure Experts, LLC dba www.mortgageforeclosureexperts.o...

Orlando, FL - August 17, 2011 - (RealEstateRama) -- Orlando mortgage lender FBC Mortgage, LLC was a proud winner in the Orlando Business Journal’s 2011 Best Places to Work on Friday, August 12, 2011. FBC was named a winner in the medium company category (firms with 51 – 150 employees located in the Central Florida area) at the OBJ’s event at the Wyndham Orlando Resort. FBC Mortgage was one of 152 companies nominated in the 2011 Best Places To Work competition.

Atlanta, GA - August 17, 2011 - (RealEstateRama) -- GoFightForeclosure.com the Go Fight Foreclosure System today announced a warning signal to homeowners that they must contest to stop foreclosure. Citing homeowners fighting foreclosures are now endangered species after a ruling from a judge in New Jersey approving that four major banks can resume uncontested foreclosures

WASHINGTON, DC - August 17, 2011 - (RealEstateRama) -- Serious delinquency rates for mortgages continue to stabilize across the largest 100 U.S. metropolitan areas, though they remain at historically high levels according to the latest data from Foreclosure-Response.org. Serious delinquency, defined as the share of loans in foreclosure plus the share of loans delinquent 90 or more days, fell 10% from the peak in December 2009 through March 2011. The 90+-day delinquency component of the figure fell from 5.5% of the mortgage market to 3.9% over the same period. However, the share of homes in foreclosure continues to rise, increasing 12% in that period.

WASHINGTON, D.C. - August 17, 2011 - (RealEstateRama) -- Mortgage applications increased 4.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending August 12, 2011.

New York, NY - August 17, 2011 - (RealEstateRama) -- Faris Lee Investments, the nation’s largest retail-specialized investment sales and advisory firm, along with Faris Lee Capital, has completed the $18 million recapitalization of a 200,000-square-foot retail center in Normal, IL on behalf of the owner, The Dial Companies, a large Midwest developer. Built in 2007, the center’s anchor tenants include Schnucks Grocery and a 14-screen Starplex Theater. The center is currently 70 percent occupied and has 12 outparcels available for future sale, lease or development

NEW YORK, NY - August 16, 2011 - (RealEstateRama) -- This morning, Justice John M. Galasso of the Nassau County Supreme Court issued a sweeping order shutting down one of New York’s largest mortgage scam operations pending trial. The order is the most substantial victory to date in a year-long legal campaign against “loan modification scams” in New York and nationwide.

PLEASANTON, CA - August 16, 2011 - (RealEstateRama) -- Ellie Mae® (NYSE Amex: ELLI), a leading provider of automation solutions for the residential mortgage industry, announced today that it has acquired Del Mar Datatrac, Inc. The acquisition accelerates Ellie Mae’s growth strategy by expanding its already extensive lender customer base, significantly increasing the number of mortgages funded by its customers, and broadening the functionality of its Encompass® solutions.

WASHINGTON, D.C. - August 15, 2011 - (RealEstateRama) -- The Department of Housing and Urban Development’s final mortgage loan originator rule, which exempts licensed attorneys when they are providing legal services to their clients and are in compliance with all applicable state court ethical rules and standards, is not just a win for the already well-regulated legal profession, but also for their homeowner clients.

August 15, 2011 - (RealEstateRama) -- The Honolulu FBI is seeking the public’s assistance in identifying residents of Hawaii who may have been defrauded by a Missouri-based company doing business as 1st Financial Resource LLC and 1st Federal Resource...

Atlanta, GA - August 15, 2011 - (RealEstateRama) -- GoFightForeclosure.com today announced three secret tips to stop foreclosure and win free clear title. Citing the best way to stop any foreclosure no matter how many days the loan is past due should be to determine that the mortgage lender is not a Holder In Due Course.

Atlanta, GA - August 12, 2011 - (RealEstateRama) -- GoFightForeclosure.com today announced how homeowners cheat foreclosure and beat the bank. Citing today homeowners have a major advantage to avoid foreclosures by using reckless bookkeeping as a fo...

MINNEAPOLIS, MN - August 11, 2011 - (RealEstateRama) -- Earlier today in federal court, an Edina mortgage broker pleaded guilty for his role in a $20 million mortgage fraud scheme that involved 57 properties. Derrick Ivan Lance, age 40, of Edina, speci...

August 11, 2011 - (RealEstateRama) -- On Tuesday, August 16, 2011, The Foreclosure-Response.org team—the Local Initiatives Support Corporation (LISC), Urban Institute and the Center for Housing Policy—will release the newest data on and analysis of seriously delinquent mortgages for all 366 U.S. metro areas as of March 2011.