June 23, 2000 |
CitiMortgage Inc., a unit of Citigroup, and Fannie Mae announced a $12-billion lending partnership aimed at increasing homeownership in low- and moderate-income and minority communities. CitiMortgage will originate and Fannie Mae will purchase $12 billion worth of mortgages aimed at addressing the needs of low- to moderate-income borrowers, minorities and recent immigrants.
November 16, 2000
National and local real estate professionals gathered in Santa Ana on Wednesday to kick off a nationwide campaign aimed at raising the rate of home ownership among local Latinos to the national level. U.S. Census figures show that 39% of Orange County's Latinos own their homes, compared with 46.7% of Latinos nationally and 67.7% for all Americans. The National Assn. of Hispanic Real Estate Professionals is spearheading an effort, called Close the Gap, to raise Latino home ownership rates.
December 6, 2001 |
Linda Tripp is facing foreclosure on the home where she recorded the telephone calls with former White House intern Monica S. Lewinsky that triggered the impeachment of President Clinton. CitiMortgage Inc. filed a foreclosure action in Howard County Circuit Court against Tripp late last month, noting a mortgage balance of $116,098.61, including late charges and interest.
February 18, 2010 |
The number of mortgages with permanently lowered monthly payments under the Obama administration's foreclosure prevention program increased dramatically in January. In all, the number went up to 116,297, with an additional 76,482 modifications approved and awaiting acceptance by the borrower, the Treasury Department reported Wednesday. Administration officials said that the program, which offers banks and other mortgage servicers cash incentives to reduce monthly payments, has saved homeowners a total of $2.2 billion.
May 14, 2006 |
In fluent Spanish, Carlos Vasquez advertises his skills as a home loan officer on cable television in San Diego. "Being able to speak their language is a real help," said Vasquez, who learned Spanish from his Mexican parents and studied it in school and in Mexico. But "you need to know the technical side of the mortgage business to really be a help."
March 3, 2002 |
WASHINGTON--What if your home-mortgage lender guaranteed you freedom from last-minute settlement fee surprises? What if your lender promised to let you review and question your closing costs weeks in advance of settlement? Some of the most powerful players in the American home-mortgage market--including giant investor Fannie Mae--are planning to introduce a more consumer-friendly way of obtaining home loans. Call it the "transparent" mortgage or "see-through" financing.