Mortgage
Home Mortgage
SYRACUSE HOMEOWNERS IN TAX JEOPARDY AS NEWLY CONFIRMED U.S. TREASURY SECRETARY SUGGESTS REDUCTION IN...
Standing with Bayberry Community homeowners in Liverpool, NY, and amidst rising local anxiety about looming changes to tax policy that could hurt homeowners, U.S. Senator Charles E. Schumer today launched a push to preserve popular, but increasingly at...
Royce Questions Chair Yellen on Financial System Safety and Soundness
U.S. Representative Ed Royce (R-CA) questioned Chair of the Federal Reserve Board of Governors Janet Yellen on bolstering the safety and soundness of the U.S. financial system through the CHOICE Act and housing finance reform during a House Financial S...
Opes Advisors named Top Purchase Lender in San Luis Obispo County for second consecutive...
Real Estate Market Reports named Opes Advisors as San Luis Obispo County’s leading purchase lender for 2016. The company handled a total of 282 home purchases and 201 refinances last year, placing it in the top spot among local lenders for the second consecutive year
California REALTORS® call on HUD and new Administration to make reinstatement of FHA insurance...
The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today issued the following statement in response to the announcement by the U.S. Department of Housing and Urban Development (HUD) that the Federal Housing Administration (FHA) will indefinitely suspend a recently announced cut in its annual mortgage insurance premium
FOIA Request Seeks Data on Reverse Mortgage Foreclosures at Steve Mnuchin’s Former Bank
Earlier today, two nonprofit groups submitted a Freedom of Information Act (FOIA) request about reverse mortgage foreclosures conducted against seniors by Financial Freedom, a reverse mortgage servicer previously owned by Steven Mnuchin, who has been n...
Governor Cuomo Announces 5th Proposal of 2017 State of the State: Comprehensive Plan to...
Governor Andrew M. Cuomo today unveiled a comprehensive plan to better protect senior citizens throughout New York from financial exploitation and foreclosure. The plan includes establishing an Elder Abuse Certification Program for banks located in New...
DCA to Host Housing Resource Fair in Bergen County for Sandy-Impacted Residents
The New Jersey Department of Community Affairs (DCA) today announced a free Housing Resource Fair will be held Tuesday, December 13, 2016, in Little Ferry, Bergen County, to provide Sandy-impacted residents with information about available housing reso...
Financial Services Members Move the Needle Forward on Housing Finance Reform
Thursday, two bills were introduced by a bipartisan group of members on the House Financial Services Committee to lay the groundwork for housing finance reform next Congress -- H.R. 6500, the Moving Housing Forward Act, introduced by Congressmen John K...
New Jersey Attorney General, Division of Consumer Affairs, and Department of Banking and Insurance...
Attorney General Christopher S. Porrino, the Division of Consumer Affairs, and the Department of Banking and Insurance have filed an action against three North Jersey individuals and the companies they operated, for allegedly defrauding financially str...
Jury Finds Allied Home Mortgage Entities and CEO Liable for Civil Mortgage Fraud –...
A federal jury has found the entities formerly known as Allied Home Mortgage Capital Corporation (Allied Capital) and Allied Home Mortgage Corporation (Allied Corporation) as well as president and CEO Jim C. Hodge liable in connection with more than a decade of fraudulent misconduct related to Allied’s participation in the Federal Housing Administration (FHA) mortgage insurance program.
Five Defendants Charged In White Plains Federal Court With A $33 Million Mortgage Fraud...
Preet Bharara, the United States Attorney for the Southern District of New York, William F. Sweeney Jr., the Assistant Director-in-Charge of the New York Field Division of the Federal Bureau of Investigation (“FBI”), and Christina Scaringi, the Special Agent-in-Charge of the Northeast Region of the U.S. Department of Housing and Urban Development (“HUD”), today announced the unsealing of an Indictment charging five defendants
A.G. Schneiderman Announces Indictment Of Brooklyn Real Estate Developer And Six Accomplices Allegedly Involved...
Attorney General Eric T. Schneiderman announced today the indictment of Brooklyn real estate developer Daniel Melamed, 40, his employee Carmen Morales, 51, former employee Denise Morales, 29, and associates Curt Joseph, 48, Christopher Magliocca, 29, A...
Mayor Peduto, Urban Redevelopment Authority and Habitat for Humanity of Greater Pittsburgh To Launch...
The City of Pittsburgh, Urban Redevelopment Authority (URA) and Habitat for Humanity of Greater Pittsburgh (HFHGP) have collaborated to offer a first time Veterans Homeownership Initiative (VHI). The VHI will offer mortgages to veterans who want to be...
City Council approves update to City’s investment policy to increase support for affordable housing
The policy change allows the City to invest in mortgage backed securities where the underlying mortgages are for properties that are “naturally occurring affordable housing” (NOAH) properties in Minneapolis. Naturally occurring affordable housing generally refers to unsubsidized multifamily rental housing affordable to households with incomes at or below 60 percent of the area median income ($51,480 for a family of four.)
City Council approves update to City’s investment policy to increase support for affordable housing
The policy change allows the City to invest in mortgage backed securities where the underlying mortgages are for properties that are “naturally occurring affordable housing” (NOAH) properties in Minneapolis. Naturally occurring affordable housing generally refers to unsubsidized multifamily rental housing affordable to households with incomes at or below 60 percent of the area median income ($51,480 for a family of four.)
A.G. Schneiderman Obtains $1.6 Million Settlement With Queens Company That Targeted Hispanic Homeowners In...
Attorney General Eric T. Schneiderman today announced a $1.6 million settlement with Queens-based American Hope Group, Inc. and its principal, Mauricio Villamarin Martinez (collectively “American Hope Group”), following an investigation into a fraudulent mortgage rescue scheme that preyed upon financially vulnerable Hispanic homeowners who were desperate to save their homes from foreclosure.
Statewide Housing Association Joins State to Host Housing Resource Fairs for Sandy-Impacted Residents
Housing and Community Development Network of New Jersey (the Network) is partnering with the New Jersey Department of Community Affairs (DCA) and the New Jersey Housing and Mortgage Finance Agency (NJHMFA) to host free Housing Resource Fairs in Monmout...
Roseville Woman Sentenced in Mortgage Fraud Scheme, Will Pay More Than $60,000 in Restitution
Michigan Attorney General Bill Schuette today announced that Asima Khan, of Roseville, was sentenced on one felony count of Larceny $1,000 - $20,000, for her role in running a mortgage modification scam across Oakland and Macomb Counties.
Former State Representative Involved in Mortgage Fraud Scheme is Sentenced
Deirdre M. Daly, United States Attorney for the District of Connecticut, announced that VICTOR CUEVAS, 52, of Bristol, was sentenced today by U.S. District Judge Jeffrey A. Meyer in New Haven to one year of probation and a $1,000 fine for conspiring w...
Mortgage Lender and CEO Agree to Settle to Resolve Allegations of False Insurance Claims
The U.S. Attorney’s Office has reached a $1,025,000 civil settlement with First American Mortgage Trust, d/b/a NXTLoan.com, a small mortgage lender based in Brighton, Mass., and its founder and CEO, Barry S. Polack, in connection with allegations that they submitted false insurance claims on mortgages insured by the Department of Housing and Urban Development’s (HUD) Federal Housing Administration (FHA).
Second Defendant Pleads Guilty In Mortgage Fraud Conspiracy
U.S. Attorney William J. Hochul Jr. announced today that Alagi Samba, 46, of Bronx, NY, pleaded guilty to conspiracy to commit wire fraud affecting a financial institution, before U.S. District Judge Laurence J. Vilardo. The charge carries a maximum pe...
Shelby Statement on the CFPB’s Unconstitutional Structure
Tuesday, October 11, 2016 – U.S. Senator Richard Shelby (R-Ala.), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, today released the following statement after a U.S. Court of Appeals for the District of Columbia Circuit ruled that the structure of the Consumer Financial Protection Bureau (CFPB) is unconstitutional
Maryland Office of the Commissioner of Financial Regulation Receives Accreditation of Mortgage Supervision Program
The Maryland Office of the Commissioner of Financial Regulation (the Office or OCFR), The Conference of State Bank Supervisors (CSBS), and the American Association of Residential Mortgage Regulators (AARMR) announced today that the OCFR has received CS...
United States District Court in Maryland Grants Motion to Dismiss
MERSCORP Holdings, Inc. today announced that the United States District Court for the District of Maryland granted Mortgage Electronic Registration Systems, Inc’s (“MERS”) motion to dismiss a complaint that the court noted was “difficult to decipher” and a “variation on a form complaint circulated on the internet.”
GOVERNOR CUOMO ANNOUNCES PROPOSED REGULATION TO HOLD BANKS AND MORTGAGE SERVICERS ACCOUNTABLE FOR MAINTAINING...
Governor Andrew M. Cuomo today announced that the Department of Financial Services has proposed a regulation that mandates banks and mortgage services report vacant and abandoned properties in accordance with the new law. The proposal comes on the heel...
Real Estate Investor Charged in 14-Count Indictment Alleging Bank and Mail Fraud, Money Laundering
A real estate investor has been charged in a 14-count indictment that alleges he defrauded three banks and a mortgage lending business. Edward L. Stanton III, U.S. Attorney for the Western District of Tennessee, announced the indictment today
Massachusetts District Court Applies Well-Settled Law Affirming MERS’ Role
MERSCORP Holdings, Inc. today announced that Judge Mark L. Wolf of the U.S. District Court for the District of Massachusetts adopted and incorporated Magistrate Judge Donald L. Cabell’s Report and Recommendation, which granted summary judgment to defendants and applied the well-settled law of the First Circuit and the Massachusetts Land Court in affirming Mortgage Electronic Registration Systems, Inc.’s (MERS) role in mortgages in the state.
SUSAN STURMAN JENNINGS, ESQ., NAMED 2016 TOP COUNSEL, ATTORNEY OF THE YEAR
Conifer Realty, LLC is proud to announce that Susan Sturman Jennings, Esq., has been named one of 2016’s Top Counsel from The Daily Record.
Rep. Rice to Host Mortgage Modification Fair
U.S. Representative Kathleen Rice is hosting a Mortgage Modification Fair on Saturday, September 24th from 8:00 a.m.-3:00 p.m. at the Cradle of Aviation Museum in cooperation with Nassau County Executive Edward P. Mangano's office. Homeowners who are s...
New Orleans hosts first regional meeting of the Governor’s Task Force on Transportation Infrastructure...
Regional leaders and stakeholders along with industry and economic development partners attended the first meeting of Governor John Bel Edwards’ Task Force on Transportation Infrastructure Investment. Hosted by GNO, Inc. and the New Orleans Regional Planning Commission, the meeting was held at the Louisiana Department of Transportation and Development’s Regional Transportation Management Center
