Mortgage

Mortgage

Shelby Statement on the CFPB’s Unconstitutional Structure

Tuesday, October 11, 2016 – U.S. Senator Richard Shelby (R-Ala.), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, today released the following statement after a U.S. Court of Appeals for the District of Columbia Circuit ruled that the structure of the Consumer Financial Protection Bureau (CFPB) is unconstitutional

FirstBank Mortgage’s Hammond ranked as one of the nation’s top originators

FirstBank Mortgage congratulates Adam Hammond for ranking as a Scotsman Guide 2015 Top Originator. Hammond was ranked No. 159 in Most Closed Loans, closing 318 loans and producing $60.3 Million in volume for 2015

Bank Independent welcomes Crittenden to mortgage lending team

Anita Crittenden has joined Bank Independent's Mortgage Lending Department as a mortgage originator. Based in the Bank's Muscle Shoals sales office, Crittenden will assist customers across the Shoals with their mortgage needs.

Reverse home loans expands presence in Alabama Stephen Scott Underwood heads new Birmingham branch

iReverse Home Loans, a respected innovator in compassionate Reverse Mortgage origination is pleased to announce that, mortgage industry specialist, Stephen Scott Underwood, has joined the organization.

Two Alabama Real Estate Investors and Their Company Sentenced for Their Roles in Bid-Rigging...

Two Alabama real estate investors and their company were sentenced today in U.S. District Court for the Southern District of Alabama in Mobile, for their participation in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in southern Alabama, the Department of Justice announced

Alabama Supreme Court Upholds Lower Court’s Recognition of MERS’ Authority to Assign Mortgages

MERSCORP Holdings, Inc. today announced that a five-justice panel of the Alabama Supreme Court affirmed a lower court’s decision which in part validated MERS’ ability to assign mortgages as the nominee for the original lender and its successors and assigns.

Closing Attorney Charged with Wire Fraud in Mortgage Loan Scheme

BIRMINGHAM, AL - January 08, 2012 - (RealEstateRama) -- Federal prosecutors have charged a Birmingham real estate lawyer with wire fraud in connection with a nearly $1 million mortgage fraud scheme, announced U.S. Attorney Joyce White Vance.

Two Alabama Real Estate Investors and Their Company Plead Guilty to Conspiracies to Rig...

WASHINGTON, DC - December 13, 2012 - (RealEstateRama) -- Two Alabama real estate investors and their company pleaded guilty today for their roles in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in southern Alabama, the Department of Justice announced.

Federal Prosecutors Charge Atlanta Woman with Mortgage Fraud

BIRMINGHAM - September 5, 2012 - (RealEstateRama) -- Federal prosecutors on Friday charged an Atlanta woman with mortgage fraud for providing false financial information for several home buyers that resulted in fraudulently obtained mortgages totaling more than $623,000, U.S. Attorney Joyce White Vance; FBI Acting Special Agent in Charge Robert E. Haley, III; and Housing and Urban Development Inspector General David Montoya announced.

Federal Prosecutors Charge Five People for Fraudulent Home Loan Applications

BIRMINGHAM - August 9, 2012 - (RealEstateRama) -- Federal prosecutors have filed fraud charges against five people this month in connection with false statements made in mortgage loan applications, U.S. Attorney Joyce White Vance announced.

Alabama Real Estate Investor Pleads Guilty to Conspiracies to Rig Bids and Commit Mail...

WASHINGTON, DC - July 25, 2012 - (RealEstateRama) -- An Alabama real estate investor pleaded guilty today for his role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in southern Alabama, the Department of Justice announced

Brookwood Man Sentenced to 18 Months in Prison for Mortgage Fraud Scheme

BIRMINGHAM - July 5, 2012 - (RealEstateRama) -- A federal judge today sentenced a Brookwood man to 18 months in prison on false statement charges related to an almost $750,000 mortgage fraud scheme in the Birmingham area, announced U.S. Attorney Joyce White Vance and FBI Special Agent in Charge Patrick J. Maley.

Shelby: 30-Year Fixed Rate Mortgage Needs Fact-Based Analysis

October 20, 2011 - (RealEstateRama) -- U.S. Senator Richard Shelby, ranking Republican on the Senate Committee on Banking, Housing and Urban Affairs, today made the following statement at a Committee hearing on the 30-year, fixed rate mortgage

Alabama Court Affirms Enforceability of MERS Mortgage

Reston, VA - August 31, 2011 - (RealEstateRama) -- In Freddie Mac v. Brooks, the U.S. District Court for Alabama’s Eastern Division dismissed with prejudice the borrowers’ counterclaim against Mortgage Electronic Registration Systems, Inc. (MERS) and MERSCORP in response to Freddie Mac’s eviction action.

Birmingham Man Faces Mortgage Fraud Charges for Selling Houses He Did Not Own

BIRMINGHAM, AL - June 29, 2011 - (RealEstateRama) -- Federal prosecutors on Monday charged a Birmingham man for running a mortgage fraud scheme in which he sold houses that he did not own, U.S. Attorney Joyce White Vance announced.

Brookwood Man Faces 34-Count Federal Indictment in Mortgage Fraud Scheme

BIRMINGHAM, AL - February 3, 2011 - (RealEstateRama) -- A federal grand jury today indicted a Brookwood man on wire fraud and false statement charges related to a more than $1 million mortgage fraud scheme in the Birmingham area, announced U.S. Attorney Joyce White Vance.

Leader of Mortgage Fraud Ring Sentenced to 6 ½ Years in Prison and Ordered...

BIRMINGHAM, AL - December 8, 2010 - (RealEstateRama) -- A federal judge today sentenced the leader of a mortgage fraud ring in Jefferson County to 6 ½ years in prison, announced U.S. Attorney Joyce White Vance, FBI Special Agent in Charge Patrick Maley and Department of Housing and Urban Development Acting Inspector General Michael Stephens.

Two Women Indicted for Falsely Claiming Disability Payments on Mortgage Applications

BIRMINGHAM - April 28, 2010 - (RealEstateRama) -- A federal grand jury today indicted two women on charges that they fraudulently claimed on mortgage loan applications that they received monthly government disability payments, U.S. Attorney Joyce White Vance announced

Rainbow City Woman Pleads Guilty to Mortgage Application Fraud and Embezzlement

HUNTSVILLE, AL - February 25, 2010 - (RealEstateRama) -- A 56-year-old Rainbow City woman pleaded guilty Wednesday in federal court to charges of bank and mortgage fraud that totaled more than $500,000, U.S. Attorney Joyce White Vance and FBI Special Agent in Charge Patrick Maley announced.

HUD SECRETARY ANNOUNCES DISASTER ASSISTANCE FOR ALABAMA STORM VICTIMS

WASHINGTON, DC - January 5, 2010 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to counties in Alabama and provide support to homeowners and low-income renters forced from their homes following last month’s severe storms and flooding.

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City of Mobile to Unveil New Future Land Use and Major...

As directed by the Map for Mobile, the City of Mobile is unveiling the new Future Land Use Map and Major Street Plan on Thursday, April 6, at 6 pm in the gymnasium of Government Street Baptist Church, located at 3401 Government Boulevard. The City is also hosting a zoning workshop to gain further feedback from citizens on the zoning framework.