MONTGOMERY, AL - July 16, 2009 - (RealEstateRama) -- John Harrison, Superintendent of Banks, today announced that, starting October 1 the State Banking Department will begin participation in the Nationwide Mortgage Licensing System that was developed by the Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR).

April 01, 2009 - (RealEstateRama) — The Alabama House of Representatives passed the Home Buyers Initiative Act (SB 367) on Tuesday. On a vote of 101 to 0, the measure has cleared its last legislative hurdle and now heads to Governor Riley for signature.

March 16, 2009 - (RealEstateRama) — The National Association of Home Builders (NAHB) told Congress that the housing sector is still being significantly affected by the upheaval in the financial and mortgage markets that started in 2007, and there is deep concern that these financial dislocations will increase the depth and length of the housing downturn

February 13, 2009 - (RealEstateRama) — State Sen. Lowell Barron, of Fyffe, and Senator Jabo Waggoner, of Vestavia Hills, announced a new home buyer initiative on Thursday, a plan that will help more than 7,000 new home buyers in the next year and increase investments in home mortgages

MONTGOMERY, AL - December 24, 2008 - (RealEstateRama) — The State Banking Department has recently seen an increase in the number of inquiries from Alabama consumers regarding mortgage loan modifications. A mortgage loan modification is a permanent change in one or more of the terms of a mortgagor’s loan

Montgomery, AL - May, 5 2008 - (RealEstateRama) — Synovus Mortgage Corp. (Synovus) and Freddie Mac (NYSE: FRE) announce a new first-time homebuyer campaign in conjunction with two regional Alabama organizations. The new Initiative provides a grassroots campaign to demystify the homeownership process for families in four of the 12 counties that make up Central Alabama.

Estimate of Number of Homeowners Who Could Save Home Based on Publicly Available Data from Center For Responsible Lending; Rep. Davis Urged to Support Pending Bills to Eliminate Unfairness in Mortgage Foreclosure Process.