Press Releases
| Mortgage |
Clear Capital APPOINTS Mike ousley to lead appraisal Team
December 22, 2009 Posted by Clear Capital
30-Year Industry Veteran Brings Extensive Real Estate Assessment Expertise to Top Appraisal Post. Truckee, CA - December 22, 2009 - (RealEstateRama) — Clear Capital, a premium provider of data and solutions for real estate asset valuation, investment and risk assessment, today announced the appointment of Mike Ousley as the company’s Executive Vice President, Appraisal Group, reporting to Duane Andrews, Clear Capital CEO, and Kevin Marshall, Clear Capital President.
40 Mortgage Counseling Agencies Receive Aid, Hire More Counselors
October 22, 2009 Posted by California RealEstateRama
SAN FRANCISCO, CA - October 22, 2009 - (RealEstateRama) — Mortgage counseling agencies will receive $2.6 million to hire more counselors over the next two years, and help the hundreds of thousands of California homeowners facing interest rate resets and the threat of foreclosure. The California Reinvestment Coalition (CRC), along with financial institutions and two foundations, today announced grant awards to 40 nonprofit mortgage counseling agencies through the California Home Ownership Preservation Initiative to help them better respond to the overflow of clients their offices are serving
First American CoreLogic Announces Mortgage Industry’s Largest National Fraud Data Repository
October 13, 2009 Posted by California RealEstateRama
SANTA ANA, CA - October 13, 2009 - (RealEstateRama) — First American CoreLogic, a member of The First American Corporation (NYSE: FAF) family of companies and America’s largest provider of advanced property and ownership information, analytics and services, today announced that it has built the mortgage industry’s most comprehensive national fraud data repository to help clients combat all types of mortgage fraud and to further enhance the predictive performance of its anti-fraud solutions.
First American CoreLogic Introduces “2X” Mortgage Fraud Prevention Guarantee
October 1, 2009 Posted by California RealEstateRama
Guarantee Leverages Newly Patented Pattern-Recognition Technology That Identifies Twice the Level of Fraud Verses Alternative Solutions. SANTA ANA, CA - October 1, 2009 - (RealEstateRama) — First American CoreLogic, a member of The First American Corporation (NYSE: FAF) family of companies and America’s largest provider of advanced property and ownership information, analytics and services, today announced its 2X mortgage fraud guarantee. This first-of-its-kind guarantee assures current and prospective clients that they will identify twice the level of potential fraud using First American CoreLogic’s fraud detection technology than when using technology from any other fraud solutions vendor, or the trial period will be free.
Capps Votes to Strengthen Mortgage and Financial Fraud Enforcement
May 7, 2009 Posted by California RealEstateRama
WASHINGTON, D.C. - May 7, 2009 - (RealEstateRama) — Today Congresswoman Capps voted for legislation that would significantly enhance the enforcement and prosecution of mortgage and corporate fraud in an effort to better protect consumers. The Fraud Enforcement and Recovery Act (S. 386) will provide vital funding and tools to help law enforcement pursue and prosecute the type of financial fraud that is widely thought to have contributed to the current financial crisis. The legislation will also establish a bipartisan commission to fully investigate the causes of the near-collapse of our financial system and the ensuing recession in an effort to prevent this type of crisis from occurring again.
Boxer Regrets Defeat of Housing Measure
May 1, 2009 Posted by California RealEstateRama
Washington, DC - May 1, 2009 - (RealEstateRama) — – U.S. Senator Barbara Boxer (D-CA) today spoke on the Senate floor in favor of an amendment that would have helped millions of at-risk homeowners avoid foreclosure by allowing bankruptcy judges to modify mortgage terms for primary residences.
C.A.R. opposes reduction in mortgage interest deduction
March 5, 2009 Posted by CAR
Last week, President Obama presented his proposed budget plan for fiscal year 2010. Included in the proposed plan is a provision to reduce the mortgage interest deduction for those earning more than $250,000.
Governor Schwarzenegger Prescribes Solutions to Keep Californians in their Homes
November 10, 2008 Posted by Governor Schwarzenegger
November 10, 2008 - (RealEstateRama) — Committed to keeping Californians in their homes and stabilizing the state’s economy, Governor Arnold Schwarzenegger today announced an aggressive plan to bring down foreclosure rates by helping both borrowers and lenders modify existing home loans in ways that benefit both parties.
Gov. Schwarzenegger Highlights Subprime Mortgage Agreement’s Progress in Preventing Foreclosures
October 30, 2008 Posted by California RealEstateRama
October 30, 2008 - (RealEstateRama) — Governor Arnold Schwarzenegger today issued the following statement regarding the third quarter of 2008 mortgage servicer survey results. The latest data, released by the Department of Corporations who tracks and reports loan modification statistics, shows continued success for the Governor’s Subprime Mortgage Agreement from November 2007 to the present time.
Attorney General Brown Announces Landmark $8.68 Billion Settlement with Countrywide
October 6, 2008 Posted by California RealEstateRama
October 06, 2008 - (RealEstateRama) — Attorney General Edmund G. Brown Jr. today announced a landmark, multi-state settlement with Countrywide Home Loans, Countrywide Financial Corporation and Full Spectrum Lending that is expected to provide up to $8.68 billion of home loan and foreclosure relief nationally, including $3.5 billion to California borrowers.
Mortgage Counseling Agencies to Receive Aid, Hire More Counselors
April 21, 2008 Posted by California RealEstateRama
Mortgage counseling agencies will receive $5 million to hire more counselors over the next two years, and help the half a million California homeowners facing interest rate resets and the threat of foreclosure.
Senator Feinstein and Mayor Villaraigosa Urge Swift Passage of Legislation to Create National Standards for America’s Mortgage Brokers and Lenders
April 2, 2008 Posted by California RealEstateRama
Los Angeles – U.S. Senator Dianne Feinstein (D-Calif.) and Los Angeles Mayor Antonio Villaraigosa today called for Congress to pass legislation to create national licensing and oversight standards for mortgage brokers and lenders. Mayor Villaraigosa also announced his endorsement of the legislation – the SAFE Mortgage Licensing Act — introduced by Senators Feinstein and Mel Martinez (R-Fla.) in February
Tens of Thousands of Californians Could Benefit from Higher Government-Insured Mortgage Limits
March 12, 2008 Posted by HUD
Congress must finish the job on FHA modernization bill so more families can keep their homes Temporary loan limits part of Economic Stimulus Package
91 Community Groups Ask BofA to Halt Foreclosures of Countrywide Mortgages and Develop Plan to Address Victims of Countrywide’s Unscrupulous Lending
March 6, 2008 Posted by California RealEstateRama
Countrywide Financial’s shoddy lending practices have left hundreds of thousands of mortgage borrowers at risk of losing the single most important asset in their lives – their homes. If Bank of America acquires Countrywide, these mortgage borrowers could either benefit or suffer greatly from the merger
Fraud Exceeds $4 Billion in 2007
February 22, 2008 Posted by California RealEstateRama
DALLAS — (Feb. 4, 2008) Mortgage fraud activity jumped past $4.0 billion last year — with California and Ohio leading the way, according to the FraudBlogger Index published and maintained by
