Mortgage
Home Mortgage
Statewide Lenders, Originators Recognized for Efforts to Help Homebuyers Secure Affordable Mortgage Loans
Lenders, loan originators, and real estate offices were recognized for their dedication in helping nearly 1,670 homebuyers find their way to affordable homes and loans during New Hampshire Housing’s “Best of 2015” ceremony. The ceremony was held as part of New Hampshire Housing’s Fourth Annual Conference on Homeownership at the Manchester Country Club in Manchester.
Royce Discusses Housing Finance Reform at Milken Conference
U.S. Representative Ed Royce (R-Calif.) participated in a panel discussion entitled "How To Restart the Private Market for Mortgage Credit" during the Milken Institute Global Conference.
DFS URGES NEW YORKERS TO CONSIDER FLOOD INSURANCE TO PROTECT THEIR HOMES AND BUSINESS...
Will your homeowner’s insurance policy protect you against damage to your home if heavy spring rains lead to flooding? “Too many people take it for granted that their homeowner’s insurance will cover flood damage, but that’s not the case. The fact is that most homeowners’ policies provide no protection at all from flooding,” said Maria T. Vullo, Acting Superintendent of Financial Services
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%).
Emmer Introduces Home Mortgage Disclosure Adjustment Act
Congressman Tom Emmer (MN-06) introduced the Home Mortgage Disclosure Adjustment Act which will help American families by providing regulatory relief for roughly 3,400 small banks and credit unions.
NYS HCR & Tax Department Urge Eligible New Yorkers to Combine Their Tax Refunds...
Recipients of the Earned Income Tax Credit (EITC) May Also Be Eligible for NYS’s First-Time Homebuyer Assistance. More than 1.5 Million New Yorkers Receiving the EITC are Income-Qualified for a SONYMA Mortgage and Down Payment Assistance Loan
FirstBank Mortgage’s Hammond ranked as one of the nation’s top originators
FirstBank Mortgage congratulates Adam Hammond for ranking as a Scotsman Guide 2015 Top Originator. Hammond was ranked No. 159 in Most Closed Loans, closing 318 loans and producing $60.3 Million in volume for 2015
Cummings and Warren Release GAO Report Highlighting Dramatic Growth of Nonbank Mortgage Servicers
United States Senator Elizabeth Warren (D-Mass.), and Congressman Elijah E. Cummings (D-Md.), Ranking Member of the House Committee on Oversight and Government Reform, released a Government Accountability Office (GAO) report that documents the dramati...
Ringleader of Mortgage Loan Modification Scheme Pleads Guilty
Deirdre M. Daly, United States Attorney for the District of Connecticut, announced that ARIA MALEKI, 33, of Santa Ana, Calif., pleaded guilty today before U.S. District Judge Stefan R. Underhill in Bridgeport to conspiring to defraud homeowners across ...
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...
Two California Residents Admit Participating in Mortgage Loan Modification Scheme
Deirdre M. Daly, United States Attorney for the District of Connecticut, today announced that MEHDI MOAREFIAN, a.k.a. “Michael Miller,” 36, and DANIEL SHIAU, a.k.a. “Scott Decker,” 30, both of Irvine, Calif., pleaded guilty yesterday in Bridgep...
Christie Administration Announces Housing Recovery Information Session in Hudson County to Assist Homeowners Hard...
In its continued effort to meet and assist Sandy-impacted families right in their home communities, the Christie Administration today announced that the 31st Information Session will be held Thursday, February 25, 2016, at the Guarini Institute for Gov...
Texas District Court Rules MERS has Constitutional Rights to Notice of Lawsuit
MERSCORP Holdings, Inc. today announced that the Dallas County District Court, 101st Judicial District, issued a final judgment in MERS’ favor recognizing MERS’ right, as beneficiary, to notice of a lawsuit under the United States and Texas Constit...
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...
Delaware Borrowers To Benefit From National Settlement With HSBC To Address Mortgage Loan Abuses
A state-federal settlement with mortgage lender and servicer HSBC will provide direct payments to Delaware borrowers for past foreclosure abuses, loan modifications and other relief for borrowers in need of assistance, rigorous mortgage servicing stan...
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
HOUSE PASSES H.R. 3700—HOUSING OPPORTUNITY THROUGH MODERNIZATION ACT OF 2015
Congressman Kevin Cramer announced today the U.S. House of Representatives passed H.R. 3700, the Housing Opportunity Through Modernization Act of 2015. The bill amends the United States Housing Act of 1937 by reforming the Housing and Urban Developm...
Markell Announces Foreclosure Mitigation Initiative and Declares June ‘Homeownership Month’
DOVER, DE - June 18, 2009 - (RealEstateRama) — Gov. Jack Markell today signed a proclamation officially declaring June as “Delaware Homeownership Month”. To help celebrate the First State’s ongoing commitment to homeownership, Governor Markell also announced the Foreclosure Mitigation Initiative – formed through a partnership among federal and state governments, local jurisdictions, legislators, financial institutions, housing counselors, and other for-profit and nonprofit organizations. The Initiative consists of three basic ideas
Program offers immersive education in lending, housing
New Hampshire Housing has welcomed its Homeownership Fellowship Class of 2016, and they quickly got to work by traveling to Washington, D.C., to speak with political leaders and key mortgage industry officials including Senator Jeanne Shaheen, Senator ...
CHFA issues RFP for Bond Underwriters
The Authority is requesting Proposals (the “RFP”) from qualified municipal housing bond underwriters, investment bankers or institutions (the “Firms”) to serve as senior manager(s), co-manager(s) and/or selling group member(s) in connection wit...
Prestonsburg-Area Seniors Invited to Free Fraud Prevention Event
Area seniors are invited to Senior Scam Jam, a free workshop in Prestonsburg to learn how to protect themselves from financial fraud and scams. The event is being held from 9 a.m. – 2 p.m. Thursday, Aug. 20. Registered participants will be provided ...
Funding Approved to Build or Renovate 1,069 Affordable Rental Units
Thursday afternoon the Arkansas Development Finance Authority awarded $10,911,780 in federal low-income housing tax credits (LIHTC), another $161,091 in state tax credits, $3,131,000 in federal HOME program funds, $1,444,783 in Rural Development Pr...
Pennsylvania Court of Common Pleas Grants MERS Motion for Summary Judgment
MERSCORP Holdings, Inc. today announced that the Court of Common Pleas of Lackawanna County, Pennsylvania dismissed a quiet title lawsuit affirming the validity of the mortgage with Mortgage Electronic Registration Systems, Inc. (MERS) as the mortgagee...
A.G. Schneiderman Announces Targeted Advertising Campaign To Help New York Homeowners Avoid Foreclosure Rescue...
Ads Promote AGScamHelp.com, A Web-Based App that Educates Consumers On How To Avoid And Report Mortgage Rescue Scams And Obtain Help From Trustworthy Organizations. Attorney General Eric T. Schneiderman today announced a targeted advertising campaign a...
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
Owner of CT Media Agency that Advertised Mortgage Assistance Pleads Guilty to False Advertising...
Deirdre M. Daly, United States Attorney for the District of Connecticut, announced that MATTHEW GOLDREICH, 46, of East Lyme, pleaded guilty today in New Haven federal court to a false advertising offense stemming from his production and dissemination o...
Former Virginia Short Sale Specialist Sentenced to Prison for Mortgage and Tax Fraud
An Ashburn, Virginia, resident was sentenced to prison today for mortgage and tax fraud, announced Acting Assistant Attorney General Caroline D. Ciraolo of the Justice Department’s Tax Division and U.S. Attorney Dana J. Boente of the Eastern District...
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...
HUD’s MORTGAGEE REVIEW BOARD TAKES ACTION AGAINST TWO TEXAS LENDERS
The U.S. Department of Housing and Urban Development’s Mortgagee Review Board (MRB) today announced settlement agreements with two Texas mortgage lenders following allegations they engaged in a scheme to charge bogus fees to consumers, which improper...
Hunt Mortgage Group Refinances an Affordable Multifamily Property Located in Sterling, Virginia
Hunt Mortgage Group, a commercial real estate lender, announced today that it has provided an $11.7 million Fannie Mae loan facility to refinance a multifamily property located in Sterling, Virginia. The loan term is 10-years, with seven-years of inter...
