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Ginnie Mae MBS Outstanding Increases to $1.904 Trillion
Ginnie Mae today announced that issuance of its mortgage back securities (MBS) totaled $39.13 billion in November. A breakdown of November’s issuance includes $37.215 billion of Ginnie Mae II MBS and $1.986 billion of Ginnie Mae I MBS, which provided access to $37.734 billion in capital for single family home loans and $1.467 billion for multifamily home loans
Fifth Circuit Again Rules MERS is Beneficiary of Deed of Trust
Reston, Virginia, - May 26, 2014 - (RealEstateRama) -- MERSCORP Holdings, Inc. today announced that a three-judge panel of the United States Court of Appeals for the Fifth Circuit ruled in favor of BAC Home Loans Servicing, L.P. (BAC) and Fannie Mae, affirming a lower court’s decision dismissing claims of wrongful foreclosure.
Government Shutdown Not Affecting CalVet Home Loans
Sacramento, CA - October 7, 2013 - (RealEstateRama) -- In recent days, CalVet has received a number of calls from concerned veterans regarding the impact of the federal government shut down on the CalVet Home Loan program.CalVet Home Loans is not being...
OCC Takes Action Against JPMC to Protect Consumers and to Ensure Servicemembers Receive Credit...
WASHINGTON - September 19, 2013 - (RealEstateRama) -- The Office of the Comptroller of the Currency (OCC) today announced an enforcement action against JPMorgan Chase Bank, N.A., Columbus, Ohio, JPMorgan Bank and Trust Company, N.A., San Francisco, California, and Chase Bank USA, N.A., Wilmington, Delaware (collectively, the bank), for unsafe or unsound practices in connection with the bank’s non-home loan debt collection litigation practices and the bank’s non-home loan compliance with the Servicemembers Civil Relief Act (SCRA).
Ellie Mae’s Encompass360 Mortgage Management Software Selected by Veterans United Home Loan
PLEASANTON, CA - May 29, 2013 - (RealEstateRama) -- Ellie Mae® (NYSE: ELLI), a leading provider of enterprise level, on-demand automated solutions for the residential mortgage industry, today announced that Veterans United, Columbia, Mo., has selected Encompass360® as its mortgage management solution
Lawyer Sentenced to Prison for Obtaining $2.6 Million in Home Loans Through Fraudulent Applications
TRENTON - September 19, 2012 - (RealEstateRama) -- Attorney General Jeffrey S. Chiesa announced that a lawyer from Monmouth County was sentenced to prison today for his role in a scheme to steal more than $2.6 million from lenders by filing fraudulent ...
Governor Quinn Signs New Consumer Protection Laws
CHICAGO, IL - July 25, 2012 - (RealEstateRama) -- Governor Pat Quinn continued his long history of fighting for consumers today by signing two new laws to help Illinois residents avoid risky home loans and protect those who are in debt from being unfai...
A Tale of Two Cities: “Occupy” Evicted in New York, Washington Readies to Subsidize...
Alexandria, VA - November 22, 2011 - (RealEstateRama) -- The 362,000-member National Taxpayers Union is warning citizens and urging Congress to oppose the just-introduced conference report on the “Minibus” appropriations bill. The legislation claims to save money, but in reality is a bloated mess, and the cherry on top is a proposed Federal Housing Administration (FHA) rule change to conforming loan limits that would authorize taxpayer backing of a high tier of “jumbo” home loans that ironically would only help roughly the top 1 percent of home purchases
Eligible Freddie Mac & Fannie Mae Customers Can Now Refinance their Home Loans
Washington, DC - October 26, 2011 - (RealEstateRama) -- Eligible homeowners who owe more on their Freddie Mac or Fannie Mae mortgage than what their home is currently worth can refinance at today’s low rates with reduced fees as a result of changes t...
Bill gives surviving spouses of fully disabled veterans access to VA loans
Washington, DC - October 18, 2011 - (RealEstateRama) -- Congresswoman Virginia Foxx’s (NC-05) bipartisan legislation that fixes a flaw in the VA home loan system passed the House last night as part of H.R. 2433, the Veterans Opportunity to Work Act. ...
REAL ESTATE MORTGAGE NETWORK, INC. EXPANDS MID-ATLANTIC PRESENCE WITH FIRST DELAWARE RETAIL BRANCH
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 ...
VA Announces Disaster Assistance After Tornado Outbreaks
WASHINGTON, DC - May 17, 2011 - (RealEstateRama) -- The Department of Veterans Affairs (VA) announced today that special disaster assistance may be available to Veterans with VA-guaranteed home loans who have been affected by recent tornados in the South. Veterans living in the designated disaster areas in Alabama, Arkansas, Georgia, Mississippi and Tennessee may receive mortgage assistance through their loan servicers
