Georgia Department of Banking and Finance Revokes the Mortgage Lender’s License of Pacific Reverse Mortgage, Inc. d/b/a Financial Heritage
August 19, 2009 Posted by Georgia RealEstateRama
Atlanta, GA - August 19, 2009 - (RealEstateRama) — On August 14, 2009, the Georgia Department of Banking and Finance’s (“Department’s”) Notice of Intent to Revoke Annual License issued to Pacific Reverse Mortgage, Inc. d/b/a Financial Heritage, license number 20269, located at 9275 Sky Park Court, #125, San Diego, California 92123, became final.The Notice of Intent to Revoke Annual License provided that Pacific Reverse Mortgage, Inc. d/b/a Financial Heritage failed to disburse funds in accordance with a written commitment or agreement to make a mortgage loan and engaged in any transaction, practice, or course of business that is not in good faith or fair dealing, or which operated a fraud upon any person, in connection with the attempted or actual making of, purchase of, or sale of any mortgage loan
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.
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.
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.
