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Washington, DC - May 1, 2013 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) issued a progress report today on steps being taken to establish a Common Securitization Infrastructure for residential mortgage-backed securities. The update reflects feedback from a broad cross-section of industry participants following FHFA’s issuance last October of a white paper entitled “Building a New Infrastructure for the Secondary Mortgage Market.” The white paper sets forth a proposal for both a new securitization platform and a model contractual and disclosure framework

Washington, DC - April 30, 2013 - (RealEstateRama) -- First quarter 2013 commercial and multifamily mortgage loan originations were nine percent higher than during the same period last year and 36 percent lower than the fourth quarter of 2012, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations

WASHINGTON, D.C. - April 29, 2013 - (RealEstateRama) -- Goldman Sachs and Morgan Stanley borrowers differ from those received by borrowers in the same categories with the other 11 servicers. The amounts differ because borrowers whose mortgages were serviced by Goldman Sachs and Morgan Stanley were not able to request a review of their foreclosure file

WASHINGTON, D.C. - April 29, 2013 - (RealEstateRama) -- In an op-ed that appeared this week in The Miami Herald, former Housing Secretary Henry Cisneros described reverse mortgages as an “important tool” that for some seniors can finance home modifications that will allow greater independence.

WASHINGTON, D.C. - April 26, 2013 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) has presented its annual Burton C. Wood Legislative Service Award to G. Todd White, CMB, Senior Vice President – Loan Production Manager at Arvest Mortgage Company in Lowell, AR. The award was presented at MBA's 2013 National Policy Conference in Washington, DC.

Washington, DC - April 25, 2013 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) today reported that the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders, used as an index in some adjustable-rate mortgage (ARM) contracts, was 3.54 percent based on loans closed in March. There was an increase of 0.11 from the previous month

WASHINGTON, D.C. - April 24, 2013 - (RealEstateRama) -- Mortgage applications increased 0.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 19, 2013.

eston, Virginia - April 18, 2013 - (RealEstateRama) -- MERSCORP Holdings, Inc. today announced that a three-judge panel of the U.S. Court of Appeals for the Sixth Circuit affirmed a lower court decision in favor of Mortgage Electronic Registration Systems, Inc

WASHINGTON, D.C. - April 17, 2013 - (RealEstateRama) -- Commercial and multifamily mortgage bankers closed $244.2 billion of loans in 2012 according to the Mortgage Bankers Association’s (MBA) 2012 Commercial Real Estate/Multifamily Finance Annual Origination Volume Summation.

Reston, Virginia - April 17, 2013 - (RealEstateRama) -- MERSCORP Holdings, Inc. today announced that the Court of Appeals for the State of Georgia has ruled in favor of Mortgage Electronic Registration Systems, Inc. (MERS) and other defendants, by affirming two separate lower court decisions that had rejected allegations of wrongful foreclosure.

WASHINGTON, D.C. - April 17, 2013 - (RealEstateRama) -- Mortgage applications increased 4.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 12, 2013.

WASHINGTON, D.C. - April 16, 2013 - (RealEstateRama) -- eston, Virginia, April 16, 2013— MERSCORP Holdings, Inc. today announced that Washington Superior Court Judge Bruce I. Weiss recently granted MERS’ and its co-defendant member’s motion for summary judgment, denying a plaintiff’s wrongful foreclosure complaint seeking to set aside a completed trustee sale of his property

Reston, Virginia - April 12, 2013 - (RealEstateRama) -- MERSCORP Holdings, Inc. today announced that a five-justice panel of the Rhode Island Supreme Court held that Mortgage Electronic Registration Systems, Inc. (MERS), being named as the mortgagee as the agent of the promissory note-owner of the mortgage, is consistent with Rhode Island law.

Washington, DC - April 12, 2013 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) today directed Fannie Mae and Freddie Mac to extend the Home Affordable Refinance Program (HARP) by two years to December 31, 2015. The program was set to expire December 31, 2013

Washington, DC - April 12, 2013 - (RealEstateRama) -- Federal Housing Finance Agency (FHFA) Acting Director Edward J. DeMarco announced today the promotion of Fred C. Graham to be Deputy Director of the Division of Federal Home Loan Bank Regulation. Graham will oversee the regulation and supervision of the Federal Home Loan Banks.

WASHINGTON, D.C. - April 11, 2013 - (RealEstateRama) -- David H. Stevens, President & CEO of the Mortgage Bankers Association (MBA), testified today before the U.S. House of Representatives Financial Services Subcommittee on Housing and Insurance at a hearing entitled “Sustainable Housing Finance: Perspectives on Reforming the FHA” Below is a copy of Mr. Stevens’ oral testimony, as prepared for delivery

WASHINGTON, D.C. - April 11, 2013 - (RealEstateRama) -- Mortgage applications increased 4.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 5, 2013

WASHINGTON, D.C. - April 11, 2013 - (RealEstateRama) -- President’s Request Identifies Savings and Efficiencies, Sustains National Security Programs, Strengthens Efforts to Promote Gun Safety, Increases Enforcement of Cyber Security, Financial and Mortgage Fraud, and Immigration Laws, Invests in Protecting Civil Rights, Increases the Capacity for Prisons and Detention, and Enhances State, Local and Tribal Support

Reston, Virginia - April 10, 2013 - (RealEstateRama) -- MERSCORP Holdings, Inc. today announced that Rhode Island Superior Court Justice Allen P. Rubine has rejected another multi-count claim of wrongful foreclosure against Mortgage Electronic Registration Systems, Inc. (MERS) and other member co-defendants.

WASHINGTON, DC - April 9, 2013 - (RealEstateRama) -- Payments to 4.2 million borrowers are scheduled to begin on April 12 following an agreement reached by the Office of the Comptroller of the Currency and the Federal Reserve Board with 13 mortgage servicers.