Mortgage

Mortgage

Extension Of Mortgage Lending Fraud Prosecution Account Five More Years Enhances State’s Ability To...

OLYMPIA, WA - April 26, 2011 - (RealEstateRama) -- The Washington State Department of Financial Institutions (DFI) is pleased to announce the five-year extension of the Mortgage Fraud Prosecution fund with the Governor’s signature earlier this week of HB1191, signing it into Chapter 129, Laws of 2011 62nd Legislature 2011 Regular Session

Supreme Court rules Washington’s Public Records Act is not preempted by Gramm-Leach-Bliley Act

OLYMPIA, WA - November 5, 2010 - (RealEstateRama) -- The Washington Supreme Court issued a decision today in which justices unanimously agreed with the Washington Attorney General’s Office that the financial privacy provisions of the federal Gramm-Leach-Bliley Act (GLBA) don’t preempt the state Public Records Act. The ruling also clarified that information about individual mortgage borrowers is still protected as intended under federal law due to exemptions set forth under state law.

Attorney General McKenna calls for mortgage trustees to suspend questionable foreclosures

SEATTLE, WA - October 13, 2010 - (RealEstateRama) -- Washington Attorney General Rob McKenna announced today that his office has uncovered evidence that suggests foreclosure trustees are ignoring consumer protection laws in Washington, adding a new layer to a stack of problems reported in the mortgage-servicing industry. He sent letters today to 52 trustees outlining his concerns and calling on them to suspend any questionable foreclosures in the state.

Attorney General McKenna, DFI join multistate investigation into mortgage servicers

SEATTLE, WA - October 13, 2010 - (RealEstateRama) -- Washington Attorney General Rob McKenna and Scott Jarvis, director of the state Department of Financial Institutions, announced that they have joined attorneys general and banking regulators nationwide in forming a multistate group to investigate whether mortgage servicers have improperly submitted affidavits or other documents related to foreclosure in their states

Attorney General McKenna announces mortgage payment help for Wachovia and World Savings Bank borrowers

OLYMPIA, WA - October 6, 2010 - (RealEstateRama) -- Washington Attorney General Rob McKenna announced today a settlement with Wells Fargo Bank that provides loan modifications for residents in Washington and seven other states who obtained problematic mortgages from Wachovia Bank and Golden West Corp., which did business as World Savings Bank.

DFI Obtains Preliminary Injunction Against And The Appointment Of Receiver For Chesterfield Mortgage Investors,...

Olympia, WA - September 29, 2010 - (RealEstateRama) -- The Washington State Department of Financial Institutions (DFI) Division of Securities obtained a Preliminary Injunction in King County Superior Court against the Seattle-based Chesterfield Mortgage Investors, Inc. (CMI). A receiver, Mel R. Codd, was appointed for CMI.

PSMI Opens New Office in Spokane, WA

Roswell, NM - August 31, 2010 - (RealEstateRama) -- PrimeSource Mortgage, Inc. (PSMI), a leading mortgage brokerage and banking company, and a wholly owned subsidiary of PSM Holdings, Inc. (OTCBB: PSMH) today announced the opening of a new office in Spokane, WA.

Washington Department Of Financial Institutions Announces Successful Completion Of Mortgage Loan Originator Licensing

OLYMPIA, WA - July 27, 2010 - (RealEstateRama) -- The Department of Financial Institutions (DFI) is pleased to announce the successful implementation of the new mortgage licensing requirements as required by the federal Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (the “S.A.F.E. Act”).

Disbarred Attorney Convicted in Mortgage Fraud Scheme

Seattle, WA - April 2, 2010 - (RealEstateRama) -- ROBERT ERNEST BRANDT, 42, a former Kirkland attorney and escrow officer, was convicted in U.S. District Court in Seattle yesterday of conspiracy and four counts of wire fraud.

Washington Consumers Gain Access To Nationwide Mortgage Licensing System & Registry (NMLS)

OLYMPIA, WA - January 25, 2010 - (RealEstateRama) -- The Washington State Department of Financial Institutions (DFI) is pleased to announce a new resource for Washington consumers seeking licensing information on mortgage lenders.

Free mortgage help available at foreclosure prevention event

SEATTLE, WA - December 3, 2009 - (RealEstateRama) -- Are you struggling to pay your mortgage because of a subprime loan, a job loss or a one-time financial crisis like an illness or divorce?

Attorney General McKenna joins honchos in mortgage fraud huddle

OLYMPIA, WA - September 17, 2009 - (RealEstateRama) -- Washington Attorney General Rob McKenna fears a rise in scam victims as struggling homeowners trying to tap legitimate payment relief programs are simultaneously solicited by charlatans.

McKenna co-chairs effort to unite state and federal authorities against mortgage scams

OLYMPIA, WA - August 24, 2009 - (RealEstateRama) -- Mortgage scammers and others seeking to prey on homeowners had better watch their backs. Attorney General Rob McKenna and Iowa Attorney General Tom Miller are co-chairing a new State-Federal Task Force on Mortgage Enforcement which is an unprecedented partnership to target fraudsters.

Free workshop to help homeowners avoid foreclosure

SEATTLE, WA - July 21, 2009 - (RealEstateRama) -- Mayor Greg Nickels invites homeowners who may be having trouble paying their mortgages to attend a free workshop where they can get assistance from lenders and counselors to help avoid foreclosure.

HUD approves $23 million deal to construct 25-bed replacement hospital in Grand Coulee, Washington

WASHINGTON, DC - July 17, 2009 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today announced a commitment to insure a mortgage loan to Coulee Community Hospital in Grand Coulee, Washington to construct a new 25-bed hospital to replace an existing 47-year-old facility and fund renovation of an associated clinic.

States urge feds to push for affordable mortgage modifications

OLYMPIA, WA - February 2, 2009 - (RealEstateRama) – Attorney General Rob McKenna joined a group of other attorneys general and state banking regulators in sending a urging federal officials to encourage national banks and federal thrift-servicing operations to modify mortgage loans that are becoming unaffordable for consumers.

Attorney General’s foreclosure rescue fraud and online promotions bills scheduled for public hearings this...

OLYMPIA, WA - January 18, 2009 - (RealEstateRama) – Two bills requested by Attorney General Rob McKenna that would protect Washington consumers are scheduled for public hearings this week.

DFI Advises Homeowners To Verify The Licenses Of Anyone Offering Loan Modification Services Before...

OLYMPIA, WA - December 4, 2008 - (RealEstateRama) – The Washington State Department of Financial Institution’s Consumer Services Division advises homeowners who are delinquent on...

MAJOR COUNTRYWIDE MORTGAGE ANNOUNCEMENT FROM AG MCKENNA MONDAY

 Seattle, WA - October 06, 2008 - (RealEstateRama) — On Monday Attorney General Rob McKenna will announce Washington’s share of a multi-state, multi-billion dollar...

Dirty deeds: Attorney General’s Office raises the red flag on foreclosure fraud

OLYMPIA, WA - September 05, 2008 - (RealEstateRama) — Rising mortgage payments have paved the way for scammers who peruse foreclosure listings. Grasping at...

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KCHA spearheads successful effort to preserve nine subdized apartment complexes in...

WASHINGTON, D.C. - December 3, 2013 - (RealEstateRama) -- When a portfolio of nine privately owned Section 8-assisted housing complexes located in five counties scattered across Washington state was offered for sale last spring, the King County Housing Authority spearheaded a collaborative effort to purchase it. The housing authorities of Bremerton, Grays Harbor County, Yakima, and Chelan County and the City of Wenatchee participated in assuring the preservation of a total of 337 homes within the various communities.

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Calmwater Capital Originates $7.6 Million Loan for WSU Student Housing

Calmwater Capital, a leading national direct real estate lender, has provided $7.6 million in senior debt to Nelson Brothers Professional Real Estate, LLC to acquire and upgrade a student housing complex near Washington State University. The 184-bed property, known as College Crest Apartments, is located at 1555 NE Merman Drive in Pullman, Washington.