Weekly Address: Warns of GOP Efforts to Repeal Wall Street Reform – Including Foreclosure Protections
WASHINGTON, DC - October 25, 2010 - (RealEstateRama) -- In this week’s address, President Obama called out the Republican leadership in Congress for vowing to repeal Wall Street reform, which will protect Americans from unfair practices in mortgage transactions and foreclosures. The Wall Street reform law also set new rules so that taxpayers will never again be on the hook for a bailout if a big financial company goes under, helps rein in the secret deals and reckless gambling that nearly brought the financial system down, and set up the strongest consumer protections in history. The special interests fought hard against reform, spending millions to preserve a system that worked better for them than for middle class families. And now, the GOP leadership is calling for repealing this law and that would take the country backwards.Full article: Weekly Address: Warns of GOP Efforts to Repeal Wall Street Reform – Including Foreclosure Protections ...
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- Assembly Takes Action to Improve New York’s Mortgage Foreclosure Process and Keep More Families in Their Homes
New York, NY - May 23, 2013 - (RealEstateRama) -- Assembly Speaker Sheldon Silver and Judiciary Committee Chair Helene Weinstein today announced the passage of two important legislative measures aimed at increasing integrity and efficiency in the mortgage foreclosure process
- A.G. Schneiderman Commends Assembly For Passing Foreclosure Relief Bills
NEW YORK, NY - May 23, 2013 - (RealEstateRama) -- Attorney General Eric T. Schneiderman today praised the New York State Assembly for passing two important pieces of legislation aimed at protecting homeowners in New York. The "Certificate of Merit" bill (A. 5582)would help more New York families avoid foreclosure by enacting common sense reforms to bring greater integrity to the foreclosure process and expedite homeowners' participation in court-supervised mediation sessions where they can negotiate workable alternatives to foreclosure with their lender. This joint program bill was proposed by the Office of the Attorney General and the Office of Court Administration.
- Grijalva Joins Homeowners’ Calls for More Federal Action on Lending Reform, Expresses Support for Activists Protesting in Washington
Washington, D.C. - May 23, 2013 - (RealEstateRama) -- Rep. Raúl M. Grijalva today called on the Department of Justice, the Federal Housing Finance Agency and other federal entities to prosecute banking fraud, help homeowners facing wrongful foreclosures, and stabilize the economy. Protests in Washington, D.C., yesterday by homeowner activists resulted in several tazing incidents and 17 arrests, leading Grijalva to question why public protests are needed to draw attention to one of the main causes of our weak economy
- Connecticut Homeowners Continue To Benefit from National Mortgage Foreclosure Settlement
WASHINGTON, D.C. - May 21, 2013 - (RealEstateRama) -- Attorney General George Jepsen said Connecticut’s distressed homeowners continue to benefit from first-lien principal reductions and other mortgage relief programs resulting from the $25 billion national mortgage foreclosure settlement announced last year
- AG Gansler’s Mortgage Servicing Settlement Exceeds $1.3 Billion in Direct Relief; Checks to Eligible Foreclosure Victims to be Mailed in June
Baltimore, MD - May 21, 2013 - (RealEstateRama) -- Attorney General Douglas F. Gansler announced today that 16,627 Maryland families have received more than $1.3 billion in relief from the National Mortgage Settlement during the period of March 1, 2012 through March 31, 2013. This represents approximately $400 million more in relief and assistance for distressed homeowners than was originally estimated. This latest report does not include the one-time, no-strings-attached cash payments to eligible borrowers who lost their homes to foreclosure. Eligible Marylanders should begin receiving checks next month; they are expected to exceed the $840 minimum, although an exact amount is not yet known
- Christie Administration Receives $1.1 Million to Support Foreclosure Prevention Counseling Efforts
TRENTON, N.J. - May 21, 2013 - (RealEstateRama) -- New Jersey Department of Community Affairs (DCA) Commissioner Richard E. Constable, III, Chair of the New Jersey Housing Mortgage and Financing Agency (HMFA) today announced that HMFA has received $1.1 million to support New Jersey’s foreclosure prevention counseling efforts. The funding boost will enable HMFA to provide more foreclosure counseling than ever before to New Jersey homeowners in danger of foreclosure
- Two Alabama Real Estate Investors and Their Company Sentenced for Their Roles in Bid-Rigging and Mail Fraud Conspiracies Involving Real Estate Purchased at Public Foreclosure Auctions
WASHINGTON, D.C. - May 21, 2013 - (RealEstateRama) -- Two Alabama real estate investors and their company were sentenced today in U.S. District Court for the Southern District of Alabama in Mobile, for their participation in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in southern Alabama, the Department of Justice announced
