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Community Mortgage Lenders of America Meets with White House and Freddie Mac to Change GSE Loan Review Policies

Community Mortgage Lenders of America (CMLA), a unique trade organization that works toward promoting independent, community-based residential lending announced that … Read

Pending Home Sales Increase Nationwide Despite Tight Mortgage Market

According to the National Association of Realtors (NAR), September turned out to be a pretty good month for pending home sales nationwide. The … Read

California Man Sentenced for Massive Mortgage, Tax and Bankruptcy Fraud Schemes

The US Department of Justice announced that Donald V. Totten, a former successful small mortgage business owner from Rancho Santa Fe … Read

Current Mortgage Rates for Friday October 31, 2014

This week is ending with mortgage rates are mostly heading back up this Friday morning at the nation’s top lenders. … Read

Small Nonprofit Mortgage Servicers to Benefit From New Mortgage Rule

Two minor adjustments to mortgage rules for servicers proposed by the Consumer Financial Protection Bureau (CFPB) back in April, were … Read

The Modification Group Charged with Defrauding Dozens of Homeowners in Loan Modification Scheme

The USDOJ recently announced, that Robert Walker of North Royalton, Ohio, was indicted last Thursday on 21 counts of mail … Read

Current Mortgage Rates for Wednesday October 29, 2014

Current mortgage rates for this Wednesday morning are mostly mixed, with rates heading both up and down at the nation’s top lenders … Read

Southern California Man Ordered to Pay $515,000 for Mortgage Relief Fraud

The FTC announced this week, that the operator of a fraudulent mortgage relief scheme, Mark Nagy Atalla was finally ordered to pay … Read

Fannie Mae Settles $170 Million Lawsuit for Deceptive Business Practices

The government sponsored mortgage giant known as Fannie Mae, finally settled in a U.S. District Court in Manhattan last Friday, … Read

Current Mortgage Rates for Tuesday October 28, 2014

Mortgage rates have mostly gone back up this morning, with a few loan programs also decreasing at the top lenders. … Read

Former Credit Union Pleads Guilty to Bank Fraud

Louisa Gabaldon, a former employee of the Belen Railroad Employees Credit Union (Credit Union) pleaded guilty last Tuesday to federal … Read

New Home Sales Slightly Increased in September

The National Association of Home Builders released data this past week configured by the U.S. Department of Housing and Urban … Read

Illinois Lawyer and Talk Show Host Convicted in Multi-Million-Dollar Mortgage Fraud Scheme

The USDOJ recently announced, that Warren Ballentine, a lawyer and internet talk show host from Illinois, was convicted on federal … Read

Current Mortgage Rates for Monday October 27, 2014

Current mortgage rates for this Monday morning are mostly mixed again, with the majority of home loan programs decreasing at the top … Read

Washington Hard Money Lender Sentenced to Prison for Fraud

The US Department of Justice announced this week, that Emiel A Kandi, a hard money lender from University Place, Washington State was sentenced on … Read

California Mortgage Principal Reduction Program

A statewide partnership with the goal of helping struggling homeowners stay in their homes, Keep Your Home California, recently issued a reminder … Read

Current Mortgage Rates for Friday October 24, 2014

Current mortgage rates for this Friday are mostly on the way up at the nation’s top lenders on their core … Read

National Community Reinvestment Coalition Says FHFA Should Extend Mortgage Credit

The National Community Reinvestment Coalition on Monday, responded to the federal Housing Finance Agency (FHFA) Director, Mel Watt’s prepared announcement that … Read

VA to Continue to Host Town Hall Events to Educate Veterans

The VA recently announced, that veterans all across the nation have the chance to learn about local town hall events … Read

Five People in Northern California Indicted for Foreclosure Auction Fraud Scheme

The US Justice Department announced yesterday, that five real estate investors from Northern California were indicted by a federal grand … Read

Current Mortgage Rates for Thursday October 23, 2014

Mortgage rates are still mixed on this Thursday morning, with quite a few more increases found among the nation’s top … Read

Housing Committee Seeks Investigation Into Non-Bank Mortgage Servicing Industry

As a response to the rising number of consumer abuses as the result of the growth of non-bank mortgage servicing entities, … Read

Two Florida Men Indicted for Mortgage Fraud

The US Department of Justice recently announced, that an indictment was brought against both Guillermo Rincon of Miami, Florida, and Enrique Hernandez … Read

Current Mortgage Rates for Wednesday October 22, 2014

Current mortgage rates at the nation’s top lenders for this Wednesday morning are still mixed and mostly the same as yesterday’s report, … Read

Final Rule for Federal Building Upgrades Implemented

The Department of Energy’s (DOE) final rule for federal agencies that work to utilize green building rates systems as of … Read

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