A real estate investor has been charged in a 14-count indictment that alleges he defrauded three banks and a mortgage lending business. Edward L. Stanton III, U.S. Attorney for the Western District of Tennessee, announced the indictment today
A sharp decline in the share of home purchase loans going to African-American borrowers has been among the most significant and lasting effects of mortgage market crisis in Tennessee, according to a new study from THDA
With mortgage interest rates rising fast, Tennessee homebuyers may be in for a pleasant surprise. THDA’s Great Choice mortgage program is very competitively priced. “Encouraging homeownership is tremendously important to the state economically, but the benefits on the individual family level are even more important,” said THDA Executive Director Ralph M. Perrey. “When families own their own homes, they have opportunities to build equity and create wealth for their long-term financial security.
First Tennessee Bank N.A. has agreed to pay the United States $212.5 million to resolve allegations that it violated the False Claims Act by knowingly originating and underwriting mortgage loans insured by the U.S. Department of Housing and Urban Development’s (HUD) Federal Housing Administration (FHA) that did not meet applicable requirements, the Justice Department announced today. First Tennessee is headquartered in Memphis, Tennessee
Tennessee Housing Development Agency recently approved Guild Mortgage Company as its newest originating agent for affordable mortgage loans. The new designation will allow Guild Mortgage to begin immediately originating mortgages under the THDA Great Choice loan program.
Tennessee Housing Development Agency brought its Great Choice tour to Dyersburg today in partnership with the Dyersburg Board of REALTORS®. The goal of THDA’s tour is to raise awareness of its mortgage loan programs, and to tell consumers that homeownership might be closer than they imagined.
Congressmen Steve Cohen (TN-09) and Jim McDermott (WA-07) today introduced the Limiting Investor and Homeowner Loss in Foreclosure Act of 2014 to prevent foreclosures and help struggling families keep their homes. The newly-introduced legislation would encourage debtors and secured lenders to come together to discuss and secure mutually beneficial resolutions of their mortgage difficulties.
Nashville, TN - September 13, 2013 - (RealEstateRama) -- Mortgage finance reform is central to stabilization of the housing market. Two perspectives on this issue will be offered in the opening session of the Governor’s Housing Summit October 7.
NASHVILLE, TN - June 25, 2013 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) announced last Tuesday they will provide $40 million in additional funding to housing counseling agencies across the country. The HUD grants ensure housing counselors are available to help individuals and families make informed housing decisions through prepurchase and foreclosure counseling.
NASHVILLE, TN - June 4, 2013 - (RealEstateRama) -- Saturday marked the beginning of National Homeownership Month- an annual recognition of the important role housing plays in creating jobs, maintaining viable communities, providing stability for families, and contributing to the economy