Mortgage

Mortgage

NEW FLOOD MAPS SHOW CURRENT RISKS IN SANTA FE COUNTY, NEW MEXICO

Santa Fe County, New Mexico, homeowners, business and residential renters and business owners who do not have flood insurance are encouraged to buy coverage now to get the best possible premiums before new flood insurance rate maps go into effect.

Former President of Keyworth Mortgage Funding Group Receives 13-Month Prison Sentence for Bank Fraud...

Yesterday, a federal judge in Santa Fe, New Mexico sentenced Manuel Garcia, 70, currently residing in Los Angeles, California, to a 13-month prison sentence, to be followed five years of supervised release, for his bank fraud conviction. Garcia also was ordered to pay restitution in the amount of $585,243.59 to U.S. Bank of Albuquerque, which was formerly known as First Community Bank (FCB). Garcia was ordered to surrender to a federal correctional institution to be designated by the U.S. Bureau of Prisons to serve his prison sentence.

Albuquerque Real Estate Agent Sentenced to 56 Months in Prison for Federal Mortgage Fraud...

ALBUQUERQUE, NM - September 26, 2011 - (RealEstateRama) -- United States Attorney Kenneth J. Gonzales announced that, on September 13, 2011, a United States District Judge sentenced Albuquerque real estate agent Kevin Powers, 51, to a 56-month term of imprisonment for his conviction on 17 counts of wire fraud in connection with an unlawful scheme to defraud mortgage lenders and to obtain over $5.5 million in loan proceeds through false pretenses, misrepresentations, and omissions. Powers will be on supervised release for three years after he completes his prison sentence

Bingaman: New Mexico Receives $10.7 Million to Aid Struggling Homeowners

WASHINGTON, DC - October 5, 2010 - (RealEstateRama) -- U.S. Senator Jeff Bingaman today announced that New Mexico will receive $10.7 million to help struggling homeowners stay in their homes.

PSMI Opening Office in Clovis

Rebecca Reid-Carlyle Opens PSM Office ROSWELL, N.M., Dec. 10 /PRNewswire-FirstCall/ -- PrimeSource Mortgage, Inc. (PSMI) continues to open branches Nationwide. PSMI proudly announces the opening...

Thornburg Mortgage Announces Joseph H. Badal to Retire December 31, 2007

SANTA FE, N.M.--(BUSINESS WIRE)--Oct. 22, 2007--Thornburg Mortgage Inc. (NYSE: TMA) announced today that Joseph H. Badal will retire as chief lending officer effective December...

Governor Richardson Announces Task Force on Mortgage Lending

Group to Address Subprime Lending in New Mexico Santa Fe, NM, Aug. 30, 2007 -- Governor Bill Richardson today signed an executive order establishing a...

Subprime fallout touches commercial real estate

The subprime mortgage fallout is affecting all areas of real estate. Even commercial properties are being subjected to tightening underwriting standards. What does this...

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DOE helps low-income New Mexicans weatherize homes

The U.S. Department of Energy awarded $1.7 million to the New Mexico Mortgage Finance Authority to help low-income New Mexicans weatherize their homes. The funds,...

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GSA Awards Construction Contract for New Port of Entry in Columbus,...

The U.S. General Services Administration (GSA) awarded the construction contract for the new Land Port of Entry (LPOE) in Columbus, New Mexico to Hensel Phelps Construction Co, from Austin, Texas. The new LPOE will provide the Department of Homeland Security’s Customs and Border Protection (CBP) with facilities to help the agency fulfill its mission of keeping America’s borders safe and secure.