Archives

The Federal Housing Administration (FHA) is steering borrowers toward a down payment assistance program with a funding scheme that violates federal law, forces borrowers to accept a higher interest rate, and poses a risk to the FHA’s insurance fund, according to the Inspector General of the Department of Housing and Urban Development (HUD)

At the National Low Income Housing Coalition’s (NLIHC) Annual Housing Leadership Reception on March 3, NLIHC honored Office of Management and Budget (OMB) Director and former U.S. Department of Housing and Urban Development (HUD) Secretary Shaun Donovan with the Edward W. Brooke Housing Leadership Award. NLIHC also honored former Federal Housing Administration (FHA) Commissioner and current NLIHC Board Member Dr. William Apgar with the Cushing Niles Dolbeare Lifetime Service Award

Edison, NJ - April 19, 2012 - (RealEstateRama) -- Real Estate Mortgage Network, Inc. (REMN), is continuing to strengthen their wholesale division with the addition of veteran account executives in key locations across the country. By bringing on new associates in Salt Lake City and Northern California, REMN Wholesale is furthering its commitment to the success of independent brokers and originators in the lending industry.

ORLANDO, FL - April 5, 2012 - (RealEstateRama) -- Real Estate Mortgage Network, Inc. (REMN), is increasing its commitment to the Florida real estate market with the additions of Christopher Wasinger and Brian Poling as Regional Managers. Both veterans of the mortgage industry, Wasinger and Poling will oversee the multiple REMN offices located throughout the state. REMN is one of the largest, privately held mortgage lenders in the US, known nationwide for its commitment to customer service and quality loans in the residential housing market.

San Diego, CA - February 16, 2012 - (RealEstateRama) -- REMN Wholesale, a division of Real Estate Mortgage Network, Inc., is pleased to announce their upcoming free Webinar for VA Interest Rate Reduction Refinancing Loans (IRRRL). Taking place on February 23rd, the “Helping Our Veterans While Helping Your Business” Webinar will explain the VA IRRRL opportunities that brokers and originators can make available to military veterans with existing VA mortgages. The Webinar will be produced along with National Mortgage Professional Magazine

River Edge, NJ - December 21, 2011 - (RealEstateRama) -- Real Estate Mortgage Network, Inc. (REMN), is introducing their customized Wholesale FHA 203(k) Rehabilitation Product to remove the complexity out of the process for independent retail lenders across the country. This new REMN Wholesale product dramatically improves the 203(k) experience for everyone involved by leveraging an in-house REMN team to manage the entire procedure. In challenging times, REMN Wholesale’s 203(k) initiative is just one more way in which the company is helping independent brokers find success.

Dallas, TX - August 24, 2011 - (RealEstateRama) -- National retail and wholesale mortgage lender, Real Estate Mortgage Network, Inc. (REMN), is pleased to announce the launch of their new consumer direct lending division. Doing business under the name FinanceMyHome.com (www.FinanceMyHome.com), this new lending division will service the needs of home buyers who prefer the convenience of securing mortgages online. Headquartered in Dallas, TX, FinanceMyHome.com will share the customer first, quality-centric attributes that have helped REMN succeed for more than 20 years.

WASHINGTON, D.C. - February 23, 2011 - (RealEstateRama) -- The National Housing Law Project, the National Low Income Housing Coalition, the National Law Center on Homelessness and Poverty and the Housing Justice Network have petitioned the Federal Housing Administration (FHA) to stop forcing lenders to give misleading and deceptive information to tenants in foreclosed homes – information that leads tenants to forego rights guaranteed to them by the federal Protecting Tenants at Foreclosure Act (PTFA)

WASHINGTON, DC - February 15, 2011 - (RealEstateRama) -- As part of ongoing efforts to strengthen the Federal Housing Administration’s (FHA) capital reserves, FHA Commissioner David H. Stevens today announced a new premium structure for FHA-insured mortgage loans increasing its annual mortgage insurance premium (MIP) by a quarter of a percentage point (.25) on all 30- and 15-year loans. The upfront MIP will remain unchanged at 1.0 percent. This premium change was detailed in President Obama’s fiscal year 2012 budget, also released today, and will impact new loans insured by FHA on or after April 18, 2011.

WASHINGTON, DC - January 31, 2011 - (RealEstateRama) -- In an effort to continue stabilizing home values and improve conditions in communities experiencing high foreclosure activity, Federal Housing Administration (FHA) Commissioner David H. Stevens today extended FHA's temporary waiver of the agency's 'anti-flipping rule.' The extension announced today is intended to accelerate the resale of foreclosed upon homes in neighborhoods struggling to overcome possible property abandonment and blight.