Mortgage

Mortgage

House Passes Hughes’ Better Business Bill

Legislation by Rep. Shelley Hughes to streamline the mortgage loan originator (MLO) laws to get rid of unnecessary duplication for contract MLOs cleared its final hurdle in the House and now will head to the governor. The Alaska House concurred in Senate changes to House Bill 12.

HUD AWARDS $7.3 MILLION TO PROVIDE TRAINING, AFFORDABLE HOUSING CONSULTING FOR NATIVE AMERICANS, ALASKANS...

WASHINGTON, DC - February 21, 2013 - (RealEstateRama) -- The nation’s largest mortgage servicers have distributed $45.83 billion in direct relief to over 550,000 homeowners, or roughly $82,000 per homeowner as part of the National Mortgage Settlement, according to a progress report released today by independent settlement monitor Joseph A. Smith of the Office of Mortgage Settlement Oversight. Almost one year ago, the Department of Justice, Department of Housing Urban Development (HUD) and 49 state attorneys general reached a landmark agreement with the nation's five largest mortgage servicers to address mortgage loan servicing and foreclosure abuses

AHFC Increases Loan Limits and Streamlines Second Mortgage Programs for Alaskans

ANCHORAGE, AK - June 9, 2011 - (RealEstateRama) -- Alaskans now have streamlined options for a second mortgage for home improvements. Alaska Housing Finance Corporation's (AHFC) board of directors has approved the consolidation of various second mortgage programs into a single program that allows for property values to be determined by a method other than a new appraisal for loans up to $100,000 that do not exceed a combined loan-to-value of 75 percent.

Paradise Valley, Arizona Foreclsoures, Short Sales, Bank Owned Property, and Real Estate

Scottsdale, AK - September 27, 2010 - (RealEstateRama) -- When thinking about buying or selling property in Paradise Valley, Arizona it is of paramount importance to choose a Realtor that has ample experience. You may visit http://www.nicholasmcconnell.com for all of your Arizona Real Estate needs. You need a Realtor that will take the bull by the horns and do what needs to be done.

Gov Hails Passage of Vets Loan Legislation

Juneau, AL - April 15, 2010 - (RealEstateRama) -- Governor Sean Parnell today welcomed the passage of SB 217, legislation that will allow voters in the 2010 general election to approve $600 million of state-guaranteed bonds for the purchase of mortgage loans made to qualifying military veterans. The bonds would be issued by the Alaska Housing Finance orporation. Governor Parnell has encouraged members of the armed services stationed in the state to consider permanent residency after their discharge.

Parnell Submits Veterans Loan Legislation

Juneau, AKL - January 13, 2010 - (RealEstateRama) -- Governor Sean Parnell today transmitted legislation to renew the Veterans Mortgage Loan program. If passed by the Legislature, voters in the 2010 general election would be asked to approve $800 million of state-guaranteed bonds. The bonds would be issued by the Alaska Housing Finance Corporation for the purchase of mortgage loans made to qualifying military veterans.

Nine Sentenced in Alaska’s Largest Mortgage Fraud Investigation

ANCHORAGE, AK - August 25, 2009 - (RealEstateRama) -- United States Attorney Karen L. Loeffler announced that on August 21, 2009, lead defendant Lance Lockard was sentenced to 70 months in prison for his leadership of a large-scale mortgage fraud scheme

AHFC Lowers Interest Rates

Anchorage, AK - May 12, 2009 - (RealEstateRama) — First-time home buyers and veterans may now qualify for lower interest rates through Alaska Housing Finance Corporation. AHFC announced the lower rates for purchases using its Tax-Exempt First Time Homebuyer, Veterans Tax-Exempt, and Veterans Mortgage Programs. The interest rate, which is calculated daily, was 5% and 5.25% for a 30-year loan for these programs at the time of this announcement. However, depending on income and availability of natural gas, the rate could be further reduced when combined with AHFC’s reductions for low-income borrowers and energy-efficient properties.

AHFC Announces Energy Cost Relief for Alaskans, $300 Million for Weatherization and Energy Rebates,...

Anchorage, Friday, May 02, 2008 – Alaskans soon will have access to a well funded, multi-million dollar state weatherization program and to an equally well funded home energy rebate program, according to Dan Fauske, CEO/Executive Director of Alaska Housing Finance Corporation.

Alaska USA FCU Deploys Metavante’s Loan Origination Technology to Streamline Mortgage Operation

MILWAUKEE, March 17, 2008 – Metavante (NYSE:MV), a leading provider of banking and payments technology, today announced that Alaska USA Federal Credit Union (FCU) is in production with Metavante’s Loan Origination System (LOS) point-of-sale solution for its mortgage operations. Alaska USA FCU, headquartered in Anchorage, is one of the top 10 credit unions in the U.S. and the largest financial institution in Alaska with $2.8 billion in assets.

Mortgage defaults expected to persist in Southcentral

WASILLA -- Observers in the Matanuska-Susitna Borough and in Anchorage report scores of home foreclosures that began late last year and aren't expected to taper off soon.

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Indian Country and Insular Territories in Desperate Need of Infrastructure Updates

The Subcommittee on Indian, Insular and Alaska Native Affairs held an oversight hearing exploring ways to improve infrastructure in tribal and insular communities.