Mortgage Blog

Commercial Real Estate Market Shows Signs of Recovery

(Source: NAR) – Realtors® who practice commercial real estate have reported an increase in annual gross income for the third year in a row, signaling the market is on the … Read

New York AG Warns of Home Improvement & Vacation Scams as Summer Approaches

(Source: Attorney General Eric T. Schneiderman) – NEW YORK – With Memorial Day fast approaching, Attorney General Eric T. Schneiderman today released a guide listing some of the most common … Read

More Than 111,000 Floridians Have Received Nearly $9B in Mortgage Assistance Under National Mortgage Settlement

(Source: Attorney General Pam Bondi) – TALLAHASSEE, Fla. –Attorney General Pam Bondi announced that Floridians have received nearly $9 billion in relief under the national mortgage settlement, as reported by … Read

USDA Announces Partnership with Ginnie Mae to Help Maximize Investments in Rural Rental Housing

(Source: USDA) – USDA Rural Development Acting Under Secretary Doug O’Brien today announced the expansion of a partnership with one of the largest issuers of mortgage-backed securities in the nation … Read

In Need of Home Improvements? Make Sure Contractor is Registered with the State

(Source: Attorney General Kathleen G. Kane) – Spring is the season for home improvements. Most Pennsylvania contractors do very good work. Unfortunately, some do not. Last year, the Office of … Read

Attorney General Kane Reaches Settlement with Mobile Home Park Owners for Violating Pennsylvania Law

(Source: Attorney General Kathleen G. Kane) – Attorney General Kathleen G. Kane announced today the settlement of a case against Hilltop Mobile Home Park in State College, PA. Under the … Read

San Francisco Home Building Company Employee Pleads Guilty to Residential Mortgage Fraud Scheme

(Source: FBI) – SAN FRANCISCO—Jason Sterlino pleaded guilty in federal court in San Francisco today to paying bribes to a bank official in order to procure residential mortgage loans, United … Read

IRS Announces That Interest Rates Will Remain the Same for the Calendar Quarter Beginning July 1st

(Source: IRS) – WASHINGTON ― The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning July 1, 2013, as in the prior … Read

Congressman Grijalva: Continuing the Fight Against Banking Fraud and Wrongful Foreclosures

(Source: Congressman Raúl M. Grijalva) – Rep. Raúl M. Grijalva today called on the Department of Justice, the Federal Housing Finance Agency and other federal entities to prosecute banking fraud, … Read

Today’s California Mortgage Rates – 5/23/13

(LoanSafe.org) – Today in the Golden State, the average interest rate for a 30-year fixed mortgage is now at 3.750% for a purchase contract, up from yesterday’s average of 3.625%. … Read

USDA Strives to Help Homeowners Affected by Oklahoma Tornadoes

(Source: USDA) – Agriculture Secretary Tom Vilsack today announced a series of immediate steps the Department is taking to help homeowners affected by recent tornadoes in Oklahoma. “We extend our … Read

Mortgage Insurance vs Homeowners Insurance

(LoanSafe.org) – Some borrowers mistake mortgage insurance and homeowners insurance as being the same thing. These are two different types of insurance, and differ in the assistance they provide and … Read

Boston Mayor Reveals New Strategy to Address the City’s Housing Needs

(Source: Mayor Thomas M. Menino) – Mayor Thomas M. Menino today announced the members of an advisory panel that will help identify and address Boston’s new housing needs. The Housing … Read

Underwater Homes Gaining Equity in California

(Source: CAR) – Distressed home sales continued to decline in April, as previously underwater homes rose in value, and the share of REO sales registered in the single-digits for the … Read

Certain Foreclosure Auctions Halted While Banks Examine New Guidance

(LoanSafe.org) – Due to the release of new guidance issued by the Office of the Comptroller of the Currency, Wells Fargo among several other banks have halted a great number … Read

New Legislative Measures Announced to Protect Homeowners Against Wrongful Foreclosures

(Source: Assembly Speaker Sheldon Silver) – Assembly Speaker Sheldon Silver and Judiciary Committee Chair Helene Weinstein today announced the passage of two important legislative measures aimed at increasing integrity and … Read

Mortgage Rates Today – 5/23/13

(LoanSafe.org) – Mortgage rates are back on the rise this morning among some of the leading mortgage servicers. Remember that mortgage rates commonly vary from one institution to the next, … Read

NAHB Applauds Senators for Supporting Legislation to Further Assist Housing Market Recovery in 2013

(Source: NAHB) – The National Association of Home Builders (NAHB) today applauded Sens. Robert Menendez (D-N.J.) and Johnny Isakson (R-Ga.) for introducing bipartisan legislation to encourage residential construction lending, spur … Read

Rhode Island Homeowners Receive $150 Million in Mortgage Relief Through NMS

(Source: Attorney General Peter F. Kilmartin) – Attorney General Peter F. Kilmartin today reported on the progress made by the nation’s five largest mortgage service providers to assist Rhode Island … Read

Freddie Mac Begins to Securitize Certain Modified Mortgages

(Source: Freddie Mac) –  Freddie Mac announced today that it has begun securitizing certain performing modified mortgage loans held in the company’s mortgage-related investments portfolio. These loans were modified to … Read

Bank of America Mortgage Assistance Event in Palm Beach Gardens, FL May 29-30

(LoanSafe.org) – If you are a Bank of America customer and are experiencing financial hardship, please register to attend a customer outreach event in your area. At the event homeowners … Read

Helping Keep Veterans Safe Through VA Housing Homeless Programs

(Source: Rep. David B. McKinley) – Today, Reps. David B. McKinley, P.E., (R-WV) and Grace Napolitano (D-CA), reintroduced the Safe Housing for Homeless Veterans Act (H.R. 2065), a bill that … Read

New York Housing Market Shows Strong Gains in 2013

(Source: New York State Association of REALTORS) – The New York State housing market posted a solid first quarter of 2013 with gains in closed sales, median sales price and … Read

10 Tips to Short Sale Your Home Fast

(LoanSafe.org) – Nobody looks forward to short selling their home (a short sale means a homeowner, because of poor financial situation, sells their property for less than the amount due … Read

Five Defendants Charged for Abusing Local Housing Program

(Source: FBI) – INDIANAPOLIS—United States Attorney Joseph H. Hogsett announced this afternoon the arrest and charging of five defendants who are alleged to have participated in a scheme to abuse … Read

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