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The U.S. Dept of Housing and Urban Development (HUD) recently released Mortgagee Letter 2011-39, which states that the current FHA lending limit of $625,500 for Home Equity Conversion Mortgages (HECMs or reverse mortgages) will continue through Dec. 31 ...

California Mortgage Advisor Sue Drawdy Highlights FHA’s Extension of HECM Loan Limits

Bank of America, which owns Countrywide, agreed to offer up to $3.5 billion in loan modifications and foreclosure relief to California homeowners victimized by Countrywide's mortgage fraud. But as of June 30, 2011, only roughly $80 million in ...

California, Nevada Team Up To Prosecute Mortgage Fraud

The cooperation is designed to speed investigations of wrongdoing in mortgage loan origination, servicing, and securitization, Harris said. Because Nevada and California are “non-judicial foreclosure states,” foreclosures on homeowners ...

California, Nevada Join Forces in Mortgage Fraud Probes

Mortgage fraud activity slowed overall in the third quarter, but California ranks first in home loan fraud, with the state seeing as much as $204.2 million in losses on deceptive mortgage activity. That's according to a new report from ...

California ranks No. 1 for mortgage fraud

Atlantic Beach, NY -- (SBWIRE) -- 12/14/2011 -- Select Commercial Funding, LLC announced on Tuesday, December 13th, 2011, that it originated a $550,000 dollar commercial mortgage loan for the investment of Texas Street Apartments, a 9 unit apartment ...

Select Commercial Funding, LLC Provides $550,000 Commercial Mortgage Loan for a Multifamily Property in San Diego, CA

California and Nevada, the two states hardest hit by ... over violations of an agreement covering mortgage loans and loan servicing. It also has investigated foreclosure rescue scams, Masto said, in which "the homeowner desperately looks for ...

California, Nevada team up on mortgage fraud

WASHINGTON (Reuters) - Shirley Burnell, a community activist from Oakland, California, has been trying to get her subprime loan restructured since 2007. She never missed a payment, but the adjustable rate mortgage she got in 2004 shot up to a ...

Modification blunders bedevil U.S. housing recovery

So far, Harris has carved out an independent path, forming a mortgage fraud task force and launching investigations of major lenders and loan servicers. She has also talked about supporting legislation to end "dual tracking" in California ...

California AG faces tough choice on mortgage deal

California and Nevada have joined forces to ferret out ... "When we were trying to stay in our home the company that was servicing our mortgage loan wouldn't work with us. We ended up speaking to someone in India. They would never give us ...

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