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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.

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, 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

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.

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...

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...

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

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