Mortgage

WASHINGTON, D.C. - June 15, 2011 - (RealEstateRama) -- Nearly three out of four American voters believe that it is reasonable and appropriate for the federal government to provide tax incentives to promote homeownership, a sentiment that cuts across partisan and regional lines across the country, according to a recent poll conducted on behalf of the National Association of Home Builders (NAHB).

WASHINGTON, DC - June 14, 2011 - (RealEstateRama) -- U.S. Senators Jeff Merkley (D-OR), Olympia Snowe (R-ME), Jack Reed (D-RI) and Sheldon Whitehouse (D-RI) offered the Regulation of Mortgage Servicing Act of 2011 as an amendment to the Public Works...

PORTLAND, OR - June 14, 2011 - (RealEstateRama) -- Jennifer Venable, 29, of Beaverton, Oregon, was sentenced by the Honorable Robert E. Jones of the United States District Court on June 8, 2011, to 5 years’ probation and ordered to pay $15,000 in res...

COLUMBIA, MO - June 14, 2011 - (RealEstateRama) -- Many disaster survivors may be faced with questions about mortgage payoffs. Some applicants may receive insurance proceeds and their bank or mortgage holder may require the total mortgage be paid in full. This is known as a forced payoff, possibly leaving the applicant with an unmet need or unable to repair their home

Royal Oak, MI - June 14, 2011 - (RealEstateRama) -- For more than a generation, millions of American families have been able to purchase their own homes thanks to the availability of the thirty-year, fixed rate mortgage. But in the aftermath of the housing collapse and the financial crisis, the thirty-year mortgage is in danger of disappearing altogether as banks and government regulators consider making major reforms to the housing market.

WASHINGTON, D.C. - June 14, 2011 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today announced the nomination of E. J. Burke, Executive Vice President and Group Head of KeyBank Real Estate Capital and Corporate Banking Services, to be its Vice Chair-Elect. Mr. Burke will be elected by MBA members at the Association's 98th Annual Convention, which will be held in October in Chicago, Illinois. He currently serves as Chair of MBA’s Commercial Real Estate/Multifamily Finance Board of Governors (COMBOG) and is a member of the MBA Board of Directors. An active member of MBA, Mr. Burke has served in a number of leadership positions, including as Chair of MBA's Investors Council.

Las Vegas, NV - June 13, 2011 - (RealEstateRama) -- As more and more homeowners are underwater in Las Vegas and Henderson, many homeowners are choosing to walk away from their homes. Zillow, an internet real estate provider, states that 85% of homeowners are underwater while Corelogic an insight analytics firm estimates the number to be 66%

June 13, 2011 - (RealEstateRama) -- Former business partners Melvin Hullett and Antonio Lewis pled guilty yesterday in DeKalb County Superior Court to Racketeering, O.C.G.A. § 16-14-4(c), before Judge Courtney L. Johnson for their role in fraudulently profiting from the sale of a Clayton County home

June 13, 2011 - (RealEstateRama) -- “More than two years after the Home Affordable Modification Program (HAMP) was launched, I am pleased that the Administration has finally decided to take enforcement seriously and penalize three servicers who have, as a matter of standard practice, foreclosed on millions of homeowners, often without properly screening them for modifications or otherwise following program rules.

Las Vegas, NV - June 13, 2011 - (RealEstateRama) -- A recent report released by IMS Advanced Realty Data Services named The Myers Team the #1 Short Sale Real Estate Team in Nevada. Number one status was determined by actual short sale listings closed in 2010.

SAN JOSE, CA - June 9, 2011 - (RealEstateRama) -- The Law Foundation of Silicon Valley (the Law Foundation), the Lawyers’ Committee for Civil Rights Under Law (Lawyers’ Committee), and pro bono counsel Orrick, Herrington & Sutcliffe LLP (Orrick) filed a class action lawsuit on behalf of California homeowners who have been victimized by a network of scam artists preying on vulnerable homeowners. As a result of this alleged loan modification scam, the victims have lost hundreds of thousands of dollars.

ANCHORAGE, AK - June 9, 2011 - (RealEstateRama) -- Alaskans now have streamlined options for a second mortgage for home improvements. Alaska Housing Finance Corporation's (AHFC) board of directors has approved the consolidation of various second mor...

BOSTON, MA - June 8, 2011 - (RealEstateRama) -- MassHousing Executive Director Thomas R. Gleason has been selected to speak at a national housing summit in New York City on June 9 sponsored by Standard & Poor’s that will cover a broad range of topics influencing the United States housing market

WASHINGTON, D.C. - June 8, 2011 - (RealEstateRama) -- Mortgage applications decreased 0.4 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 3, 2011. This week's results include an adjustment to account for the Memorial Day holiday.

WASHINGTON, D.C. - June 8, 2011 - (RealEstateRama) -- Delinquency rates among different commercial/multifamily mortgage investor groups were mixed in the first quarter of 2011, according to the Mortgage Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report.

New York, NY - June 8, 2011 - (RealEstateRama) -- SL Green Realty Corp. (NYSE: SLG) today announced that it has successfully refinanced 919 Third Avenue, which it owns in a joint venture partnership with New York State Teachers Retirement System (NYSTRS). The new 12-year, $500 million mortgage, was originated jointly by Metropolitan Life Insurance Company and Pacific Life Insurance Company.

Washington, DC - June 8, 2011 - (RealEstateRama) -- The National Association of Realtors® supports comprehensive reform of America’s housing finance market that protects taxpayers and ensures the availability of affordable mortgage credit today and into the future.

WILMINGTON, DE - June 8, 2011 - (RealEstateRama) -- Real Estate Mortgage Network, Inc. (REMN), a national mortgage lender based in River Edge, N.J., is pleased to announce the opening of its latest branch in Wilmington, DE. As REMN’s first branch in ...

WASHINGTON, D.C. - June 7, 2011 - (RealEstateRama) -- Statement of David H. Stevens, President and CEO of the Mortgage Bankers Association on the announced extension of the comment deadline for the federal financial regulators' proposed rule implementing the Dodd-Frank Act's risk retention rule.

Pittsburgh, PA - June 7, 2011 - (RealEstateRama) -- The Federal Home Loan Bank (FHLBank) of Pittsburgh today announced Williamson, WV-based Bank of Mingo as its newest member. The addition of Bank of Mingo complements the nearly 200 commercial bank members of FHLBank Pittsburgh and the nearly 5,500 commercial banks within the FHLBank System. At year-end 2010, Bank of Mingo had $116 million in assets.