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Alabama Real Estate Investor Pleads Guilty to Mail Fraud Conspiracy Involving Foreclosed Homes
An Alabama real estate investor pleaded guilty for his role in a conspiracy to commit mail fraud at public real estate foreclosure auctions held in southern Alabama, the Department of Justice announced today.
SB 1150 Passes Senate Hurdle After Dramatic Turnaround
Senate Bill 1150, a bill to protect widows, widowers and other heirs from unnecessary foreclosures, passed a key hurdle today when it was voted out of the Senate on a vote that was not without drama. Amidst intense industry lobbying pressure and after...
Proclamation declares June as Homeownership Month in Indiana
Governor Mike Pence issued a Proclamation that was delivered by Lt. Governor Eric Holcomb this morning, declaring June as Homeownership Month in Indiana. The Lt. Governor was joined by members of the Indiana Housing and Community Development Authority ...
Assembly Passes Legislation to Combat Zombie Homes in New York State
Speaker Carl Heastie and Judiciary Chair Helene Weinstein today announced the passage of legislation to combat the rising problem of abandoned residential properties by creating new efficiencies in the foreclosure process and imposing requirements for ...
A.G. Schneiderman Announces $100 Million Expansion Of Foreclosure Prevention Efforts For New York Families
Dramatic Increase In Mortgage Assistance Efforts Will Enable Thousands Of New Yorkers To Save Their Homes By Clearing Small Debts That Are Preventing Them From Avoiding Foreclosure. New Analysis Released Today Estimates Expansion Will Save $875 Million...
New Data Reveals: CIT Group’s Financial Freedom is Responsible for Nearly 40% of HECM...
Earlier today, the California Reinvestment Coalition called on the Department of Housing and Urban Development (HUD) to impose a moratorium on any additional reverse mortgage foreclosures by CIT Group and its subsidiary, Financial Freedom. The call for a moratorium is based in part on new data (see fact sheet here) that CRC obtained from HUD, indicating that Financial Freedom/CIT Group’s share of reverse mortgage foreclosures (39%) since April 2009 is more than two times greater than the company’s estimated market share (17%).
Menendez, Booker Announce Additional $45M in Final Phase of Federal ‘Hardest Hit’ Funding to...
U.S. Senators Bob Menendez and Cory Booker today announced the awarding of an additional $45,354,517 in Phase 2 funding from the U.S. Treasury’s Hardest Hit Fund (HHF) to assist financially-stressed New Jersey homeowners with mortgage modifications and refinancing to avert foreclosure and stay in their homes. New Jersey, which had the nation’s highest foreclosure rate in 2015, was awarded $69,231,301 in Phase 1 funding in February, for a total of $114,585,818 during this fifth and final round of allocations.
Pallone Applauds Treasury Department Funds to Prevent Foreclosures and Stabilize NJ Housing Market
Congressman Frank Pallone, Jr. (NJ-06) applauded the allocation of more than $45 million through the Hardest Hit Fund to the state of New Jersey to help stabilize the housing market and prevent foreclosures. The Hardest Hit Fund was created in 2010 to ...
Obama Signs Grayson Bill Protecting Veterans From Foreclosure
President Barack Obama has signed into law the Senate companion of Congressman Alan Grayson’s (D-FL09) “Servicemember Foreclosure protections Extension Act of 2015,” which protects veterans from having their homes foreclosed on for one year after their return from active duty. This protection had elapsed at the end of 2015. The “Foreclosure Relief and Extension for Servicemembers Act of 2015” (S. 2393) extends the protection for two years.
Visclosky Joins Members of the Indiana Congressional Delegation to Support the Indiana Application for...
Congressman Visclosky recently joined six other Members of the Indiana Congressional Delegation to support the application by the State of Indiana for additional housing foreclosure prevention and blight elimination funding
President Signs Whitehouse Bill to Protect Servicemembers and Veterans from Foreclosure
Last night, President Barack Obama signed into law Senator Sheldon Whitehouse’s Foreclosure Relief and Extension for Servicemembers Act, extending key foreclosure protection to those who serve. The legislation had passed both houses of Congress with unanimous support. Whitehouse released the following statement on the bill’s signing.
House of Representatives passes measure to provide foreclosure relief for members of the military
The U.S. House of Representatives passed S. 2393, the Foreclosure Relief and Extension for Servicemembers Act of 2015, to extend foreclosure protection for military homeowners from 90 days to a one year period until January 1, 2018.
Virginia State Agencies Partner with USDA Rural Development on Innovative Housing Pilot Program
The Virginia Department of Housing and Community Development (DHCD) announced today the launch of a new housing pilot program with the U.S. Department of Agriculture, Rural Development (USDA-RD). Through the program, DHCD’s Neighborhood Stabilization Program (NSP) will be acquiring, renovating and reselling 39 USDA-RD foreclosed properties across Virginia.
Whitehouse Statement on $9.68 Million in Funding to Protect Rhode Islanders from Foreclosure
Rhode Island received $9.68 million from the U.S. Department of the Treasury’s Hardest Hit Fund program to help protect homeowners from foreclosure and assist communities still recovering from the housing crisis. U.S. Senator Sheldon Whitehouse, who voted in favor of the legislation that authorized this funding and helpedconvince the Treasury Department to assist homeowners and communities in states like Rhode Island, released the following statement on the award:
Brown Announces $97.6 Million for Foreclosure Prevention and Blight Removal in Ohio
U.S. Sen. Sherrod Brown (D-OH) today announced that following his urging, Ohio will receive $97.6 million in new federal dollars, and is eligible to receive an additional $250 million, to help communities that were devastated by the foreclosure crisis....
HSBC to Pay $4 Million, Refund Homeowners for Accepting Compensation Tied to Force-Placed Insurance
National mortgage lender and servicer HSBC has agreed to pay $4 million to resolve allegations that it received commissions and other kickbacks relating to force-placed insurance policies that it procured for struggling Massachusetts homeowners, Attorn...
Cicilline, Langevin Announce Nearly $9.7 Million in Hardest Hit Funds, Encourage Rhode Islanders Facing...
Building on their strong record of helping families who are facing the threat of foreclosure, U.S. Congressmen David N. Cicilline and Jim Langevin today announced that Rhode Island will receive almost $9.7 million in new federal funding from the U.S. D...
Three Prince George’s County Defendants Indicted in Foreclosure Prevention Fraud Scheme
A federal grand jury returned an indictment late yesterday against Rene de Jesus de Leon, age 47, and his wife, Pedrina Rodriguez Bonilla, age 37, both of Silver Spring, Maryland, and Ana Maritza Gomez, age 43, of Hyattsville, Maryland, on charges aris...
Attorney General Sam Olens Reaches $470 Million Joint State-Federal Settlement with HSBC to Address...
Attorney General Sam Olens today announced a $470 million joint state-federal settlement with mortgage lender and servicer HSBC to address mortgage origination, servicing, and foreclosure abuses.The settlement provides direct payments to Georgia borrow...
Rutledge Reaches $470 Million Joint State-Federal Settlement with HSBC
Arkansas Attorney General Leslie Rutledge along with 49 other states, the District of Columbia, the U.S. Department of Justice, the U.S. Department of Housing and Urban Development and the Consumer Financial Protection Bureau reached a $470 million joi...
Attorney General Kilmartin Reaches $470 Million Joint State-Federal Settlement with HSBC to Address Mortgage...
Attorney General Peter F. Kilmartin today announced a $470 million joint state-federal settlement with mortgage lender and servicer HSBC to address mortgage origination, servicing, and foreclosure abuses
Senate Approves Whitehouse Bill to Protect Servicemembers from Foreclosure
Last evening, the U.S. Senate unanimously approved Senator Sheldon Whitehouse’s bill to keep military servicemembers and veterans out of foreclosure and in their homes after transitioning from active duty
Senate Approves Whitehouse Bill to Protect Servicemembers from Foreclosure
Last evening, the U.S. Senate unanimously approved Senator Sheldon Whitehouse’s bill to keep military servicemembers and veterans out of foreclosure and in their homes after transitioning from active duty.
Rhode Island Housing Awards $2.65 Million in HOME Program Funds
Rhode Island Housing’s Board of Commissioners today approved more than $2.3 million in new HOME Investment Partnerships Program funding for six proposed affordable housing developments and an additional $350,000 for a previously funded affordable hou...
DiNapoli: Statewide Foreclosure Activity Still Well Above Prerecession levels
New York state continues to have high levels of foreclosure activity with new foreclosure filings remaining significantly higher than prerecession levels, according to a report released today by State Comptroller Thomas P. DiNapoli
Mayor David Joins Attorney General Schneiderman To Highlight Success Of Foreclosure Prevention And Relief...
Attorney General Eric T. Schneiderman, joined by housing advocates, local lawmakers, and a local homeowner, today released a new, three-year report detailing the results of his office’s recent efforts to prevent foreclosures, keep families in their h...
State of Michigan to auction Tax-foreclosed properties
More than 600 properties, in five Lower Michigan counties, three Northern Michigan and four Upper Peninsula counties, will be auctioned off during State of Michigan Tax-Foreclosed, Real Property Auctions on August 12th and 13th. Registration for intere...
A.G. Schneiderman Releases New Three-Year Report Highlighting Success Of His Statewide Foreclosure Prevention And...
Attorney General Eric T. Schneiderman, joined by housing advocates and local lawmakers, today released a new, three-year report detailing the results of his office’s recent efforts to prevent foreclosures, keep families in their homes, and rebuild co...
GOVERNOR CUOMO DEPLOYING DFS MOBILE COMMAND CENTER TO PROVIDE FORECLOSURE PREVENTION ASSISTANCE TO HOMEOWNERS...
Governor Andrew M. Cuomo today announced that he is deploying trained personnel from the Department of Financial Services to Watertown and Oswego to offer foreclosure prevention assistance to financially struggling homeowners.
Revere Attorney Ordered to Pay More Than $625,000 for Unfair and Deceptive Foreclosure Relief...
A Revere attorney and his two businesses have been ordered to pay more than $625,000 for targeting homeowners with deceptive advertisements and demanding thousands in illegal advance fees for mortgage modification and foreclosure relief services they f...
