Mortgage

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.

Jefferson City, MO - June 7, 2011 - (RealEstateRama) -- Leaders of major banks, loan servicers and insurers will meet today with Attorney General Chris Koster to discuss ways to help Joplin consumers with mortgage and credit issues caused by the tornado.

West Haven, CA - June 6, 2011 - (RealEstateRama) -- Well the season for strong storms has arrived, which are typically followed by beautiful weather. Unfortuantely, these severe weather patterns are also follwed by storm chasers, and not the kind looking to catch a cow flying through the air on video. These storm chasers are looking to take advantage of bewildered, confused, and desperate homeowners looking to get their homes back in good shape as soon as possible.

WASHINGTON, D.C. - June 6, 2011 - (RealEstateRama) -- PCCP, LLC has announced that it has provided a $23.2 million senior loan commitment for the acquisition and re?development financing of 2055 L Street, NW, a Class B+ office condominium located in the “Golden Triangle” of Washington D.C.’s CBD. The borrower/property owner is a joint venture between Monument Realty and Angelo Gordon & Co. which acquired the asset in December 2010. With this loan in place, the joint venture will now commence a six-month rehabilitation to the owned 102,000 square foot condominium office portion of the 237,000 square foot building.

WASHINGTON, D.C. - June 3, 2011 - (RealEstateRama) -- Members of Media:Yesterday, the Mortgage Bankers Association (MBA) sent a letter to Acting Assistant Secretary for Housing - Federal Housing Commissioner Robert C. Ryan requesting the Federal Housing Administration (FHA) permit the use of electronic signatures (e-signatures) for all mortgage origination forms required by the FHA

HOUSTON, TX - June 3, 2011 - (RealEstateRama) -- Adrian Levale Cole and Albert Terrance Watkins, both of Houston, have been sentenced to prison for their roles in a multi-million-dollar mortgage fraud scheme, United States Attorney José Angel Moreno announced today.

WASHINGTON, DC - June 3, 2011 - (RealEstateRama) -- The Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR) today announced a 10-state settlement, in which Mortgage Access Corp. d/b/a Weichert Financial Services (MAC) headquartered in Morris Plains, New Jersey, agreed to remit a $3 million penalty.

NEW YORK, N.Y. - June 2, 2011 - (RealEstateRama) -- Mortgage rates fell for an eighth consecutive week, with the benchmark conforming 30-year fixed mortgage rate falling to 4.69 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.39 discount and origination points.

Jefferson City, MO - June 2, 2011 - (RealEstateRama) -- Attorney General Chris Koster said today he has invited major banking interests that conduct business in the Joplin area to a meeting in his Supreme Court office in Jefferson City Monday to brainstorm ways to help the many Joplin homeowners who are likely to experience mortgage- and credit-related issues in the coming months.

WASHINGTON, D.C. - June 1, 2011 - (RealEstateRama) -- Mortgage applications decreased 4.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending May 27, 2011.

Washington, DC - June 1, 2011 - (RealEstateRama) -- Many say that housing led America into the economic downturn, thus housing will need to lead the way out. If true, the National Foundation for Credit Counseling (NFCC) May online poll provides little hope.

WASHINGTON, DC - June 1, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today announced a settlement agreement with Cornerstone Mortgage Company (Cornerstone), a national mortgage lender based in Houston, which HUD accused of engaging in discriminatory lending practices against expectant mothers. In a separate action, HUD is charging Mortgage Guaranty Insurance Corporation (MGIC) of Milwaukee, Wisconsin and others with engaging in pregnancy discrimination in issuing mortgage insurance in violation of the Fair Housing Act.

Destin, FL - June 1, 2011 - (RealEstateRama) -- Americans want more from the U.S. Congress, according to a new independent survey and Congress needs to start by forcing banks to modify home mortgages for those at risk of foreclosure.

MILFORD, CT - May 31, 2011 - (RealEstateRama) -- TMS Funding, the wholesale residential lending channel of Total Mortgage Services, LLC, announced today the hiring of five additional Wholesale Account Executives, with 72 years of combined experience in developing new business relationships and supporting high quality mortgage brokers. These new hires increase the number of Wholesale Account Executives at TMS Funding to 12, servicing 10 states.

WASHINGTON, DC - May 31, 2011 - (RealEstateRama) -- Business Solutions, a subsidiary of the American Bankers Association, and Freddie Mac today announced plans to help community banks compete in the purchase money mortgage market and help fuel the nation's housing recovery by extending their 9-year old alliance.

PHILADELPHIA, PA - May 31, 2011 - (RealEstateRama) -- Kirk H. Kirby, 40, of Capital Heights, Maryland, and Sholonda Y. Johnson, 39, of Philadelphia, were sentenced today to 60 months and 30 months in prison, respectively, in connection with a real estate investment scheme, announced United States Attorney Zane David Memeger. Kirby and Johnson pleaded guilty to three counts each of wire fraud in connection with a real estate investment scheme that caused millions of dollars in losses to lenders. Kirby owned and operated Invictus Financial Group ("IFG"), located in Havertown, PA. Johnson was a loan officer at various mortgage brokerage companies.

SAN FRANCISCO, CA - May 31, 2011 - (RealEstateRama) -- PCCP, LLC has announced that it has partnered with Principal Real Estate Investors, the fourth largest institutional real estate manager in the United States, to acquire a 253,769 square foot class A office building located at 705 5th Avenue South in Seattle. The property is located within the Pioneer Square submarket, which is situated just south of the Seattle CBD, and is 98 percent vacant. The joint venture acquired the property from a private owner in an off market transaction.