Home / News / Government (page 620)

Government

New Regulator to Oversee Home Financing

President Obama’s broad proposal for financial regulatory reform calls for the creation of a new regulatory body, the Consumer Financial Protection Agency. The federal supervisor would have far-reaching oversight and enforcement authorities over the entire residential mortgage financing industry.

Read More »

Title Alliance Ltd. Acquires Northern Ohio Title Venture

Title Alliance, Ltd. , headquartered in Media, Pennsylvania, announced on Wednesday that it has acquired America Land Title Affiliates, LLC. America Land Title Affiliates is made up of a group of Realtors in the Akron, Ohio area, each producing over $2 million per year.

Read More »

Slow Start for Federal Mortgage Programs

The Treasury Department said this week that Making Home Affordable servicers have extended 150,000 loan modification offers to distressed homeowners, and about 55,000 borrowers are already enrolled in the three-month modification trial.

Read More »

Concerns Raised Over NJ Foreclosure Law

New Jersey’s Mortgage Stabilization and Relief Act (MSRA), also know as S1599, became effective April 1, 2009. The legislation imposes additional requirements on lenders trying to foreclose, and it allocates $40 million to fund two state mortgage relief programs.

Read More »

Mortgage Apps Fall to Seven-Month Low

The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey on Wednesday, which showed that home loan applications dropped to their lowest level since last November, as rising mortgage interest rates have led to an increase in borrowing costs.

Read More »

Obama Outlines Regulatory Overhaul

President Barack Obama laid out the administration’s plan for a new financial regulatory landscape on Wednesday. Obama says it is clear now that the government could have done more to prevent the current financial crisis from spiraling out of control and threatening the overall economy.

Read More »

Bill Seeks To Expand Homebuyer Tax Credit

Sen. Johnny Isakson (R-Georgia), along with nine bipartisan cosponsors, has introduced S. 1230, The Homebuyer Tax Credit Act of 2009. The bill would increase the federal tax credit for the purchase of a home from the current amount of $8,000 to $15,000.

Read More »

Washington State Advocates Foreclosure Counseling

Washington state’s PROOF program, which stands for Prevent or Reduce Owner-Occupied Foreclosure, matches homeowners who are behind on their mortgage with certified housing counselors. Lawmakers have authorized $250,000 for the statewide initiative to help distressed homeowners negotiate loan modifications or other workouts with their lenders.

Read More »

California Moratorium in Effect

The California Foreclosure Prevention Act officially went into effect on Monday. The measure was signed into law by Gov. Arnold Schwarzenegger last February, and institutes a statewide 90-day foreclosure moratorium.

Read More »

Texas AG Hosts Mortgage Fraud Summit

Texas Attorney General Greg Abbott welcomed state and local authorities, law enforcement officials, prosecutors, and other Texans from the real estate industry to the Office of the Attorney General’s (OAG) Mortgage Fraud Summit in Austin on Monday.

Read More »