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WASHINGTON, D.C. - April 15, 2011 - (RealEstateRama) -- The following statement was issued by the Center for Responsible Lending, the Community Mortgage Banking Project, the Mortgage Bankers Association, the Mortgage Insurance Companies of America, the National Association of Home Builders and the National Association of Realtors in advance of the April 14th House Subcommittee on Capital Markets and Government Sponsored Enterprises hearing on the Qualified Residential Mortgage:

WASHINGTON, D.C. - April 15, 2011 - (RealEstateRama) -- Henry V. Cunningham Jr., CMB, Mortgage Bankers Association (MBA) board member and chairman of the MBA Residential Board of Governors, testified today on behalf of MBA before the House Financial Services Committee Subcommittee on Capital Markets and Government Sponsored Enterprises at a hearing on, "Understanding the Implications and Consequences of the Proposed Rule on Risk Retention," providing the perspectives of both the commercial and residential real estate finance markets.

WASHINGTON, D.C. - April 15, 2011 - (RealEstateRama) -- An administrator working for the Federal Trade Commission has mailed 1,410 refund checks to consumers allegedly defrauded by Home Assure LLC, a so-called mortgage foreclosure rescue service. The FTC alleged that the company charged consumers an up-front fee and falsely claimed its special relationships with lenders would enable it to get favorable loan modifications or stop foreclosure

PITTSBURGH, PA - April 14, 2011 - (RealEstateRama) -- A resident of New Kensington, Pa., has been indicted by a federal grand jury in Pittsburgh on charges of wire fraud, aggravated identity theft, filing a false tax return, and failing to file income tax returns, United States Attorney David J. Hickton announced today.

WASHINGTON, D.C. - April 14, 2011 - (RealEstateRama) -- In the wake of a settlement between 14 U.S. mortgage servicers and foreclosed homeowners, U.S. Sen. Sherrod Brown (D-OH) introduced landmark legislation to prevent future servicer fraud and errors, improve foreclosure counseling and prevention, and reform oversight of mortgage-based investing.

WASHINGTON, D.C. - April 14, 2011 - (RealEstateRama) -- The following statement was issued by the Center for Responsible Lending, the Community Mortgage Banking Project, the Mortgage Bankers Association, the Mortgage Insurance Companies of America, the National Association of Home Builders and the National Association of Realtors in advance of the April 14th House Subcommittee on Capital Markets and Government Sponsored Enterprises hearing on the Qualified Residential Mortgage:“In the midst of a very fragile housing recovery, the government is throwing a devastating, unnecessary and very expensive wrench into the American dream. First time homebuyers will have to choose between higher rates today or a 9-14 year delay while they save up the necessary down payment. And 25 million current homeowners would be locked out of lower refinancing rates because they lack the required 25 percent equity in their homes.”

WASHINGTON, D.C. - April 14, 2011 - (RealEstateRama) -- Bob Nielsen, chairman of the National Association of Home Builders (NAHB) and a home builder from Reno, Nev., issued the following statement regarding President Obama’s speech today at George Washington University on deficit reduction:“President Obama today reiterated the importance of tax policy in promoting homeownership but endorsed limiting itemized deductions, including the mortgage interest deduction. Home owners cannot afford higher taxes at a time when the housing market is struggling to recover and contribute to economic growth.

WASHINGTON, D.C. - April 14, 2011 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) issued the statement below, following the announcement of agreements between the Office of the Comptroller of the Currency, the Federal Reserve and the Office of Thrift Supervision and 14 large residential mortgage servicers.

WASHINGTON, D.C. - April 14, 2011 - (RealEstateRama) -- Senate Banking Committee Chairman Tim Johnson (D-SD) issued the following statement regarding agreements reached between federal regulators and mortgage servicers addressing improper and fraudulent mortgage servicing practices.

West Haven, CT - April 13, 2011 - (RealEstateRama) -- ConstructionConfidant.Com is proud to to announce that our popular "Homeowner Defender Service" is now available to serve the needs of the mortgage banking and home insurance agencies accross the country. Our unique and innovative approach helps protect homeowners from home improvement scams, control unforseen costs, and walks your clients through the entire construction process.

WASHINGTON, DC - April 13, 2011 - (RealEstateRama) -- The Office of the Comptroller of the Currency today announced formal enforcement actions against eight national bank mortgage servicers and two third-party servicer providers for unsafe and unsound practices related to residential mortgage loan servicing and foreclosure processing.

April 13, 2011 - (RealEstateRama) -- The Federal Reserve Board on Wednesday announced formal enforcement actions requiring 10 banking organizations to address a pattern of misconduct and negligence related to deficient practices in residential mortgage loan servicing and foreclosure processing. These deficiencies represent significant and pervasive compliance failures and unsafe and unsound practices at these institutions.

Washington, D.C. - April 13, 2011 - (RealEstateRama) -- NeighborWorks® America, one of the nation’s largest community development corporations, today named Deborah Boatright and John Santner, Directors for the Northeast Region and Midwest Region, respectively. Each Regional Director will oversee two District offices – the Great Lakes and North Central Districts in the Midwest Region and the Northeast and New England districts in the Northeast Region. The move is intended to increase the efficiency of NeighborWorks America and enhance the corporation’s ability to meet the needs of its network of award winning, locally-based community development nonprofit businesses. Santner formerly was District Director for the NeighborWorks America North Central District, while Boatright formerly was District Director for the corporation’s Northeast District

WASHINGTON, D.C. - April 13, 2011 - (RealEstateRama) -- Mortgage applications decreased 6.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending April 8, 2011.

Scotsman Guide Releases Top Originators 2010 Rankings Brookfield, WI - April 12, 2011 - (RealEstateRama) -- Inlanta Mortgage congratulates its Pewaukee Branch Manager, Jim Snyder,...

WASHINGTON, D.C. - April 121, 2011 - (RealEstateRama) -- National consumer, civil rights, and labor groups ask bank regulators to withdraw the proposed consent orders issued to the nation’s mortgage servicers and to work with the state Attorneys General and United States Department of Justice to obtain a joint settlement that addresses illegal servicing practices in a meaningful manner.

Washington, DC - April 121, 2011 - (RealEstateRama) -- The National Foundation for Credit Counseling (NFCC) is the recipient of a Housing and Urban Development (HUD) program grant to assist seniors who have taken out a Home Equity Conversion Mortgage (HECM) and who are delinquent on their property charges, such as taxes and insurance, thus putting their home in danger of foreclosure.

WASHINGTON, D.C. - April 121, 2011 - (RealEstateRama) WHAT: The Mortgage Bankers Association's (MBA) 2011 National Secondary Market Conference & Expo- ‘Securing Future Market Growth

Santa Rosa Beach, FL - April 121, 2011 - (RealEstateRama) -- Housing appreciation will take a number of years to materialize again after the downturn in most local U.S. housing markets, according to the findings of a new Housing Predictor survey. Consumers are cautiously optimistic about the market with more than 1 out of 3 surveyed saying it will take more than five years for the market to appreciate.

AUBURN, ME - April 11, 2011 - (RealEstateRama) -- Reliant Mortgage Company, LLC. is proud to announce the alliance of Janice Wescott and Brendan Fontaine’s team (formerly New England Home Loans) to establish a very exciting, powerful mortgage banking...