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Eight Defendants Charged in Mortgage Fraud Scheme in California

SACRAMENTO, CA - September 30, 2011 - (RealEstateRama) -- A federal grand jury returned an indictment on Sept. 28, 2011, charging Valeri Mysin, 31, of Citrus Heights, Calif.; Angela Shavlovsky, 52, of Sacramento, Calif.; Nikolay Katinskiy, 28, of Lynwo...

MISMO® Presents Leendert Bijnagte with Staff Appreciation Award

Washington, DC - September 30, 2011 - (RealEstateRama) -- MISMO, the not-for-profit data standards subsidiary of the Mortgage Bankers Association (MBA), presented its Staff Appreciation Award to Leendert (Leo) Bijnagte, Business Systems Consultant at Wells Fargo Home Mortgage. The award, which was announced on September 12th at the MISMO September Trimester Meeting in Broomfield, Colorado, was presented to Bijnagte for his outstanding commitment and service to MISMO.

What Does The Bank Consider a Legitimate Short Sale Hardship?

Las Vegas, NV - September 30, 2011 - (RealEstateRama) -- After closing hundreds of short sale properties in Nevada, the biggest question we get asked from homeowners is, “Do I have a hardship and will I qualify for a short sale?” While each person?...

Federal Reserve Bank of Boston Releases “State Foreclosure Prevention Efforts in New England: Mediation...

BOSTON, MA - September 29, 2011 - (RealEstateRama) -- Foreclosure initiations spiked in all the New England states during the recent economic downtown, ranging from a peak of less than 3.0% of outstanding mortgages in Vermont in 2010 to a peak of 5.5% ...

Webster Man Sentenced for Bilking More Than $7 Million from Mortgage Lenders

MINNEAPOLIS, MN - September 29, 2011 - (RealEstateRama) -- Earlier today in federal court in St. Paul, a 28-year-old Webster man was sentenced for bilking more than $7 million from at least 15 real estate mortgage lending companies between 2005 and 200...

Mortgage Applications Increase in Latest MBA Weekly Survey

WASHINGTON, D.C. - September 28, 2011 - (RealEstateRama) -- Mortgage applications increased 9.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 23, 2011.

Second Quarter Mortgage Loan Fraud Suspicious Activity Persists Debt Elimination, False Statement among Leading...

VIENNA, VA - September 28, 2011 - (RealEstateRama) -- The Financial Crimes Enforcement Network (FinCEN) today reported in its Second Quarter 2011 Analysis of mortgage loan fraud suspicious activity reports (MLF SARs) that financial institutions filed 29,558 MLF SARs in the second quarter of 2011 up from 15,727 MLF SARs reported in the same quarter of 2010.

Joint Initiative Seeks Public Comment on Alternative Mortgage Servicing Compensation; Releases Discussion Paper

Washington, DC - September 28, 2011 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) today announced that the Joint Initiative on Mortgage Servicing Compensation is seeking public comment on two alternative mortgage servicing compensation structures detailed in a discussion paper.

Leggett Urges Homeowners to Attend One-on-One Foreclosure Prevention Counseling Event; County and City of...

September 27, 2011 - (RealEstateRama) -- County Executive Isiah Leggett today joined Richard Nelson, director of the County’s Department of Housing and Community Affairs, and local homeowners to urge residents who are falling behind in their mortgage...

GoFightForeclosure.com/Blog Reveals Best Foreclosure Help Resources

Atlanta, GA - September 26, 2011 - (RealEstateRama) -- GoFightForeclosure.com/Blog today announced foreclosure help resources for homeowners wanting to stop foreclosures. Detailing a variety of foreclosure help and foreclosure assistance programs offering help for foreclosures. Homeowners may access a special page that provides information on the varies programs, application forms, and more.

Albuquerque Real Estate Agent Sentenced to 56 Months in Prison for Federal Mortgage Fraud...

ALBUQUERQUE, NM - September 26, 2011 - (RealEstateRama) -- United States Attorney Kenneth J. Gonzales announced that, on September 13, 2011, a United States District Judge sentenced Albuquerque real estate agent Kevin Powers, 51, to a 56-month term of ...

Las Vegas Woman Pleads Guilty in Connection with Scheme to Fraudulently Control Condominium Homeowners’...

WASHINGTON, DC - September 26, 2011 - (RealEstateRama) -- A Las Vegas woman pleaded guilty today for her role in a scheme to fraudulently gain control of condominium homeowners’ associations (HOA) in the Las Vegas area so that the HOAs would direct b...

Management of MISMO to Transfer to MBA

Washington, DC - September 23, 2011 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) and MERSCORP,Inc.® (the parent company of Mortgage Electronic Registration Systems, Inc., MERS) jointly announced today that management of the Mortgage Industry Standards Maintenance Organization, Inc. (MISMO®) will transfer to MBA on December 1, 2011.

Federal Financial Institution Regulators Announce Availability of 2010 Data on Mortgage Lending

WASHINGTON, D.C. - September 22, 2011 - (RealEstateRama) -- The Federal Financial Institutions Examination Council (FFIEC) 1 today announced the availability of data on mortgage lending transactions at 7,923 U.S. financial institutions covered by the Home Mortgage Disclosure Act (HMDA). Covered institutions include banks, savings associations, credit unions, and mortgage companies. The HMDA data made available today cover 2010 lending activity—applications, originations, purchases of loans, denials, and other actions such as incomplete or withdrawn applications.

FTC Asks Court To Halt Defendant from Impersonating Federal Agencies While Steering Consumers to...

WASHINGTON, D.C. - September 22, 2011 - (RealEstateRama) -- The Federal Trade Commission has filed a complaint in U.S. District Court to halt the misleading claims of a defendant who allegedly deceived consumers by using multiple websites to impersonate federal consumer assistance agencies or pretend to be affiliated with them. Through the websites, the defendant solicited indebted consumers and referred them to companies selling mortgage, tax, and debt relief services with promises that their debts would be substantially reduced or eliminated, according to the FTC complaint.

Commercial/Multifamily Mortgage Debt Outstanding Increased For First Time Since 2009

Washington, DC - September 22, 2011 - (RealEstateRama) -- The level of commercial/multifamily mortgage debt outstanding increased by 0.1 percent in the second quarter of 2011, the first quarterly increase since the third quarter of 2009, according to the Mortgage Bankers Association (MBA).

Inlanta Mortgage Executive Vice President Named Treasurer of WMBA

Brookfield, Wis. - September 21, 2011 - (RealEstateRama) -- Inlanta Mortgage is proud to announce Executive Vice President Nicholas DelTorto has been elected to the Wisconsin Mortgage Bankers Association Board of Directors. DelTorto will serve as the board treasurer and assist with all financial decisions, including the budget.

Mortgage Applications Increase in Latest MBA Weekly Survey

WASHINGTON, D.C. - September 21, 2011 - (RealEstateRama) -- Mortgage applications increased 0.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending September 16, 2011.

Orlando Lender FBC Mortgage, LLC. a winner in the 2011 Orlando Business Journal Small...

Orlando, FL - September 21, 2011 - (RealEstateRama) -- Orlando mortgage lender FBC Mortgage, LLC was a proud winner in the Orlando Business Journal’s 2011 Small Business Awards held on Friday, September 16, 2011. FBC was named the overall winner in...

HOPE NOW Assists Homeowners at Kansas City Black Expo

KANSAS CITY, MO - September 20, 2011 - (RealEstateRama) -- HOPE NOW, the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors, articipated in the Kansas City Black Expo this past weekend as ...

Recent Gov & Nonprofit Real Estate Press Releases

Rep. Tony Gonzales Addresses Veterans and Foster Youth Housing Issues with...

During a House Appropriations Committee Subcommittee on Transportation, Housing, and Urban Development (THUD) hearing, Congressman Tony Gonzales (TX-23) asked the Secretary of the U.S. Department of Housing and Urban Development (HUD), Scott Turner, about housing issues facing veterans and foster youth.