One of the major benefits of a home loan from the U.S. Department of Veterans Affairs is being able to buy a new home. However, veterans could take it one step further and build a home to get the property they dreamed of. Whether veterans are returning from overseas or serving in a selected reserve nearby, they could apply for a VA home loan to customize their house the way they want it.
The Federal Home Loan Bank of Boston announced that 51 initiatives will receive $44.8 million in grants, loans, and interest-rate subsidies through its Affordable Housing Program. These funds will be used to finance more than 1,900 units of affordable rental and ownership housing for households earning at or below 80 percent of area median income in nine states
WASHINGTON - October 28, 2014 - (RealEstateRama) -- The Department of Veterans Affairs (VA) announced this month that it has guaranteed 21 million home loans since the Home Loan Guaranty program was established in 1944 as part of the original Servicemen’s Readjustment Act of 1944, better known as the “GI Bill.” This achievement comes during the year-long commemoration of 70 years of the “GI Bill,” which established a wide range of benefits for Veterans returning from World War II, including low-cost home loans, education and vocational training.
BOSTON - April 25, 2014 - (RealEstateRama) -- A Maryland man was sentenced today to serve one year and a day in prison for defrauding thousands of homeowners in a $4 million nationwide home loan modification scheme
WASHINGTON, DC - October 26, 2012 - (RealEstateRama) -- Today the Department of Veterans Affairs announced it has guaranteed 20 million home loans since its home loan program was established in 1944 as part of the original GI Bill of Rights for returning World War II Veterans. The 20 millionth loan was guaranteed for a home in Woodbridge, Va., purchased by the surviving spouse of an Iraq War Veteran who passed away in 2010.
LOS ANGELES, CA - October 3, 2012 - (RealEstateRama) -- A 50-year-old resident of Tujunga was sentenced this morning to 37 months in federal prison for his participation in a home equity line of credit (HELOC) scheme that resulted in losses of more tha...
BIRMINGHAM - August 9, 2012 - (RealEstateRama) -- Federal prosecutors have filed fraud charges against five people this month in connection with false statements made in mortgage loan applications, U.S. Attorney Joyce White Vance announced.
Washington, DC - August 8, 2012 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) has sent to the Federal Register a Notice indicating its concern with the proposed use of eminent domain to restructure performing home loans and inviting public input.
FederalHousing Finance Agency Establishes Additional Anti-Fraud Measure for Fannie Mae, Freddie Mac and Federal...
Washington,DC - June 19, 2012 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) has announced an initiative to complement current fraud reporting by Fannie Mae, Freddie Mac, and the Federal Home Loan Banks. FHFA is taking this additional step to ensure the regulated entities are not exposed to unnecessary risk from doing business with individuals or businesses with a demonstrated history of fraudulent conduct.
Washington, D.C. - October 17, 2011 - (RealEstateRama) -- Tim Zimmerman, president and CEO of Standard Bank, Monroeville, Pa., urged Congress today on behalf of the Independent Community Bankers of America (ICBA) to preserve the significant role of the Federal Home Loan Bank (FHLBank) system, which helps our nation’s more than 7,000 community banks continue to serve their communities by providing their local customers with a variety of loans including mortgage, small business and agricultural loans. Many of these local customers would be underserved if it were not for their local community bank.
Real Estate Mortgage Network, Inc., Launches 203(k) Concierge Service And Brings Entire Retail FHA...
River Edge, NJ - July 13, 2011 - (RealEstateRama) -- National mortgage lender, Real Estate Mortgage Network, Inc. (REMN), is bringing their retail FHA 203(k) program in-house and introducing a new initiative to better manage the experience for homeowners, home buyers, real estate agents and contractors. The recently launched REMN 203(k) Concierge Service will now support the entire 203(k) loan process with a dedicated team of REMN account managers who will be involved every step of the way, from the loan’s origination through payments made to contractors.
CHARLOTTE, NC - June 24, 2011 - (RealEstateRama) -- Real Estate Mortgage Network, Inc. (REMN), is pleased to announce that mortgage industry veteran, Richard Lester, is joining the company. Taking on the newly created role of Area Manager for the Ca...
March 31, 2011 - (RealEstateRama) -- The Office of Finance is announcing the publication of the 2010 Combined Financial Report (CFR) of the Federal Home Loan Banks (FHLBanks). This report has been prepared from the audited financial information of the 12 FHLBanks. Each of the 12 FHLBanks has filed its 2010 Form 10-K with the SEC. Current financial reports and other SEC filings for individual FHLBanks can be obtained by searching the EDGAR database.