Press Releases
| Mortgage |
Don’t Take a “Payment Holiday” from Your Mortgage
December 4, 2009 Posted by Georgia RealEstateRama
Atlanta, GA - December 4, 2009 - (RealEstateRama) — Homeowners seeking to take a “payment holiday” from their mortgage need to consider other alternatives to make certain they do not become delinquent on their most important asset - their home.
Department Enters into a Consent Order with Intelli Mortgage Services, Inc. and its President, Sung Doo (”John”) Chung
May 13, 2009 Posted by Georgia RealEstateRama
Atlanta, GA - May 13, 2009 - (RealEstateRama) — On May 5, 2009, the Georgia Department of Banking and Finance (“Department”) entered into a Consent Order with Intelli Mortgage Services, Inc. d/b/a gointelli, License Number 16999, located at 4274 Shackelford Rd, Ste A 1, Norcross, Georgia 30093 and its President, Sung Doo (“John”) Chung, to resolve allegations pertaining to violations of the Georgia Residential Mortgage Act and agency rules.
Department’s Order to Cease and Desist Against Mortgage Loan Processing Services, Inc. Becomes Final
May 13, 2009 Posted by Georgia RealEstateRama
Atlanta, GA - May 13, 2009 - (RealEstateRama) — On May 4, 2009 an Order to Cease and Desist issued by the Georgia Department of Banking and Finance (“Department”) to Mortgage Loan Processing, Inc. of Port Saint Lucie, Florida became final.
HUD Approves $84.7 Million Deal to Construct 65-Bed Hospital in Vidalia, Georgia
April 23, 2009 Posted by HUD
First FHA-Insured Hospital Loan in the State of Georgia. WASHINGTON - April 23, 2009 - (RealEstateRama) — The U.S. Department of Housing and Urban Development today announced a commitment to insure a loan to Meadows Regional Medical Center (MRMC) in Vidalia, Georgia to construct a new 65-bed hospital to replace an existing 45-year-old facility. The $84.7 million loan is made possible through the Federal Housing Administration’s Section 242 Hospital Mortgage Insurance Program and is the first FHA-insured hospital loan in the state of Georgia.
New FICO Credit Score for Mortgage Lenders Debuts
March 12, 2009 Posted by Georgia RealEstateRama
BEACON Mortgage Score from Equifax offers unprecedented predictive power to help mortgage lenders and loan servicers make smarter mortgage decisions
Equifax Brings Increased Transparency to the Mortgage-Backed Securities Market
March 12, 2009 Posted by Georgia RealEstateRama
ATLANTA, GA - March 12, 2009 - (RealEstateRama) — In response to demand for increased transparency into the true health of mortgage loans, Equifax Inc. (NYSE: EFX has launched a breakthrough data solution for the mortgage-backed securities market.
Continued Bankruptcies, Late Payments, Mortgage Delinquencies Kick Off 2009 According to Equifax Report
March 4, 2009 Posted by Georgia RealEstateRama
ATLANTA, GA - March 04, 2009 - (RealEstateRama) — The deteriorating economy is evident in recent consumer credit woes as bankruptcies, past-due credit card payments and delinquent mortgages are beginning to pile up according to a new report by Equifax Inc. (NYSE:EFX)
Chateau Mortgage Corporation Revocation and Orders Against its Owners, John W. Moss and Barbara M. Moss Become Final
October 23, 2008 Posted by Georgia RealEstateRama
Atlanta, GA - October 23, 2008 - (RealEstateRama) — On October 10, 2008, the Georgia Department of Banking and Finance (“Department”) Notice of Intent to Revoke Annual License became final against Chateau Mortgage Corporation, mortgage broker license number 13416, located at 5324 Willow Point Parkway, Marietta, Georgia 30068.
2008 Homeownership Summit
June 24, 2008 Posted by Georgia RealEstateRama
On Saturday, June 28th, from 9:00 am until 3:00 pm, various agencies and organizations that promote affordable housing, including the Atlanta Board of REALTORS®, will host the 2008 Homeownership Summit at the Georgia World Congress Center.
Less Than One Week Left to Get One-On-One Assistance; SBA Urges Return of Disaster Loan Applications
January 24, 2008 Posted by Georgia RealEstateRama
ATLANTA, Jan. 24 /PRNewswire-USNewswire/ — The U.S. Small Business Administration urges residents and business owners affected by severe storms and flooding that occurred October 18th, 2007, to visit the Disaster Loan Outreach Center for assistance.
Over 50% of Mortgage Borrowers Are Gen Xers
January 14, 2008 Posted by Georgia RealEstateRama
RISMEDIA, -The housing market may be in the doldrums, but the long-term outlook for the industry is looking good as Generation Xers - people born between 1965 and 1979 - enter their peak home-buying years.
Equifax Solution Helps Lenders Streamline the Loan Modification Process and Optimize Portfolio Management
December 19, 2007 Posted by Georgia RealEstateRama
ATLANTA, Dec. 19 /PRNewswire-FirstCall/ — Amidst the current mortgage crisis and intense scrutiny of the subprime market, Equifax Inc. (NYSE: EFX) has launched a solution to help lenders navigate new guidelines for homeowner assistance created by the HOPE NOW alliance.
For Homeowners Looking to Avoid Foreclosure, Here Are Four Common Solutions
December 18, 2007 Posted by Georgia RealEstateRama
Nonprofit agency finds lenders are willing to work with borrowers to save homes
ATLANTA, Dec. 18 /PRNewswire/ — The recent agreement by federal regulators and mortgage lenders to freeze interest rates for five years on certain subprime, adjustable rate mortgage loans are intended to help many homeowners avoid foreclosure.
‘It’s a Not So Wonderful Life’ Writes Thomas Quinn in CornerCap Investment Counsel Quarterly Newsletter
December 18, 2007 Posted by Georgia RealEstateRama
Who’s Responsible for the Subprime Mortgage Mess?
ATLANTA, Dec. 18 /PRNewswire/ — Editor’s Note: The following article was written by Thomas E. Quinn, chief executive officer and chief investment officer of Atlanta-based CornerCap Investment Counsel. It appeared in the firm’s quarterly newsletter which was published earlier this month.
Avoiding Bankruptcy: What Every Consumer Should Know
November 8, 2007 Posted by Georgia RealEstateRama
People May Be Able to Avoid Bankruptcy by Applying for a Reverse Mortgage Loan
ATLANTA, Nov. 8 /PRNewswire/ — With U.S. bankruptcy filings up more than 40% this year, Americans 62 years old and older should realize they may be able to avoid bankruptcy by applying for a reverse mortgage loan.
