Mikulski Applauds Senate Passage of Bill That Put Funds in the Federal Checkbook to Stop, Prosecute Mortgage Fraud
45 million to fight mortgage fraud included in the FY2009 supplemental funding bill. WASHINGTON, DC - June 19, 2009 - (RealEstateRama) — U.S. Senator Barbara A. Mikulski (D-Md.), chairwoman of the Commerce, Justice, Science Appropriations Subcommittee (CJS), today praised Senate approval of $45 million for the federal checkbook to uncover, prosecute, and punish those responsible for mortgage fraud. These funds were approved as part of the fiscal year 2009 supplemental funding bill and will be used by the Federal Bureau of Investigation (FBI) and the U.S. Attorneys Office to investigate and prosecute mortgage fraud, financial fraud and market manipulation. President Obama is expected to sign the bill into law in the coming daysFull article: Mikulski Applauds Senate Passage of Bill That Put Funds in the Federal Checkbook to Stop, Prosecute Mortgage Fraud ...
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WASHINGTON, D.C. - February 10, 2012 - (RealEstateRama) -- “Today’s agreement marks an important milestone in resolving mortgage concerns, allowing these five institutions – essential providers of mortgage services across the country – to look to the future with clarity and commitment to customers.”
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WASHINGTON, D.C. - February 10, 2012 - (RealEstateRama) -- As part of the global resolution between the United States of America and the five largest mortgage servicing banks in the country, which will bring much needed relief to financially distressed homeowners nationwide, Loretta E. Lynch, United States Attorney for the Eastern District of New York, today announced that the government will also resolve its claims against the Bank of America, Countrywide Financial Corporation and certain Countrywide subsidiaries and affiliates (Countrywide) for underwriting and origination mortgage fraud.
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WASHINGTON, DC - February 10, 2012 - (RealEstateRama) -- U.S. Attorney General Eric Holder, Department of Housing and Urban Development (HUD) Secretary Shaun Donovan, Iowa Attorney General Tom Miller and Colorado Attorney General John W. Suthers announced today that the federal government and 49 state attorneys general have reached a landmark $25 billion agreement with the nation's five largest mortgage servicers to address mortgage loan servicing and foreclosure abuses. The agreement provides substantial financial relief to homeowners and establishes significant new homeowner protections for the future.
