Mortgage
Home Mortgage
Rep. Maloney calls on HUD Secretary Castro to allow reverse mortgages for co-ops
WASHINGTON - February 12, 2015 - (RealEstateRama) -- Today at a Financial Services Committee Hearing on The Future of Housing in America with Housing and Urban Development (HUD) Secretary Castro, Congresswoman Carolyn B. Maloney (NY-12) asked Secreta...
West Virginia Supreme Court of Appeals Determines State Recording Statutes do not Require...
MERSCORP Holdings, Inc. today announced that the Supreme Court of Appeals of West Virginia held recording statutes in West Virginia do not require that the assignment of a trust deed be recorded in the office of the clerk of the county commission
$1.2 Million Mortgage Fraud Scheme
TRENTON, NJ – February 11, 2015 – (RealEstateRama) — Acting Attorney General John J. Hoffman announced that a mortgage broker who owned a property management company in Jersey City pleaded guilty today to laundering the proceeds of a criminal sch...
House Passes One-Year Extension of Mortgage Debt Forgiveness Tax Relief
WASHINGTON, D.C. - December 9, 2014 - (RealEstateRama) -- On Dec. 3, 2014, the House of Representatives passed H.R. 5771, the Tax Increase Prevention Act of 2014, by a strong bipartisan vote of 378-46. The Senate has not yet acted on the tax extenders,...
$100 Million Mortgage Initiative for Homebuyers in Prince George’s County
Acting Secretary Clarence Snuggs, Prince George’s County Executive Rushern Baker III and Attorney General Douglas F. Gansler today announced the launch of the Maryland Mortgage Program TriplePlay Initiative in Prince George’s County for potential h...
Pennsylvania Department of Banking and Securities Earns Bank, Mortgage Supervision Reaccreditations
The Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR) announced today that the Pennsylvania Department of Banking and Securities has received certificates of accreditation, certifying th...
Ohio Division of Financial Institutions Earns Accreditation in Mortgage Supervision
The Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR) is pleased to announce that the Ohio Division of Financial Institutions (the Division) has received a certificate of accreditation f...
COLORADO ATTORNEY GENERAL ANNOUNCES SIX FAMILY MEMBERS INDICTED FOR MORTGAGE-FRAUD SCHEME
The Colorado Attorney General’s Office announced that the statewide grand jury has issued a 37-count indictment against six family members for using their status in the real estate industry to perpetrate a fraud-for-profit mortgage fraud scheme. The ...
Michigan Man Sentenced for Mortgage Fraud Conspiracy Using Straw Home Buyers
WASHINGTON, D.C. - September 2, 2014 - (RealEstateRama) -- A Southfield, Michigan, resident was sentenced today to serve 21 months in prison to be followed by two years of supervised release for his participation in a conspiracy to commit bank fraud, t...
AG Gansler Secures $75 Million for Maryland Government Entities and Pension Systems from...
Baltimore, MD - August 21, 2014 - (RealEstateRama) -- Attorney General Douglas F. Gansler announced today that multiple governmental entities and pension programs (Maryland and local governments) will share an estimated $75 million settlement secured b...
CHFA Sale of $123 Million in Tax Exempt Bonds to Finance Single Family Mortgages
Rocky Hill, Conn., - August 18, 2014 - (RealEstateRama) -- The Connecticut Housing Finance Authority (CHFA) completed a successful offering of $123 million in Tax Exempt Bonds on Monday, August 4, 2014. The offering was oversubscribed, generating more...
Tampa Law Firm Sued for Mortgage Rescue Scam
TALLAHASSEE, Fla.- August 11, 2014 - (RealEstateRama) -- Florida Attorney General Pam Bondi and Connecticut Attorney General George Jepson sued Berger Law Group, Resolution Law Group, and related entities and individuals over allegations that they coll...
Hultgren Supports Legislation to Protect Community Banks
Washington, DC - August 1, 2014 - (RealEstateRama) -- U.S. Representative Randy Hultgren (IL-14) this week voted to support two bills which will relieve community banks from excessive regulations and protect their ability to lend to Illinois homeowners...
MERS Wins in Fifth Circuit and U.S. District Court of Texas
MERSCORP Holdings, Inc. today announced two recent decisions in favor of Mortgage Electronic Registration Systems, Inc. (MERS) from the United States Court of Appeals for the Fifth Circuit and the United States District Court for the Southern District ...
Attorney General Horne Files Lawsuit In Joint Federal-State Mortgage Rescue Fraud Sweep
Phoenix, AZ - July 24, 2014 - (RealEstateRama) -- Attorney General Tom Horne today filed a lawsuit against Brent Randall Phillips, an Arizona-licensed attorney, and Phillips Law Center, P.L.C. d/b/a Randall Law Group, a California-based law firm, for a...
AG Gansler Files Lawsuits in Joint Federal-State Mortgage Rescue Fraud Sweep
Baltimore, MD - July 23, 2014 - (RealEstateRama) -- Attorney General Douglas F. Gansler today announced that his Consumer Protection Division filed lawsuits against two law firms for allegedly operating illegal loan modification schemes that charge con...
Maryland Mortgage Program Announces Rate Reduction for Veterans and Military Families
CROWNSVILLE, MD - July 1, 2014 - (RealEstateRama) -- The Maryland Department of Housing and Community Development announced new initiatives for Maryland Mortgage Program that will make homeownership more affordable – and more accessible - to borrower...
COLORADO REACHES $550 MILLION STATE-FEDERAL SETTLEMENT WITH SUNTRUST MORTGAGE
DENVER - June 18, 2014 - (RealEstateRama) -- Colorado Attorney General John Suthers today announced a $550 million nationwide state-federal settlement with mortgage lender and servicer SunTrust Mortgage Inc. to remedy mortgage origination, servicing, a...
SunTrust Mortgage to Pay $550 Million in Federal-State Deal Over Unlawful Foreclosures, Loan Servicing
BOSTON - June 18, 2014 - (RealEstateRama) -- A $550 million nationwide federal-state settlement with mortgage lender and servicer SunTrust Mortgage Inc. over mortgage origination, servicing, and foreclosure abuses will provide direct payments to eligib...
Attorney General Pam Bondi Reaches $550 Million Joint State-Federal Settlement with SunTrust to Address...
TALLAHASSEE, Fla. - June 18, 2014 - (RealEstateRama) -- Attorney General Pam Bondi today announced a $550 million joint state-federal settlement with mortgage lender and servicer SunTrust Mortgage Inc. to address mortgage origination, servicing, and fo...
Pennsylvania Home Builder Settles FTC Charges of Deceptive Mortgage Advertising
A Pennsylvania-based home builder that offers home financing has settled Federal Trade Commission charges that it deceived consumers by advertising low-cost mortgages while hiding fees and not disclosing vital information about the true cost of the mor...
Governor, MSHDA launch $30 Million mortgage loan program aimed at boosting home sales in...
LANSING, Mich. - May 26, 2014 - (RealEstateRama) -- Gov. Snyder and Michigan State Housing Development Authority (MSHDA) Executive Director Scott Woosley today announced a new tool to stimulate the housing markets in eight Michigan cities.
Governor, MSHDA launch $30 Million mortgage loan program aimed at boosting home sales in...
LANSING, Mich. - May 23, 2014 - (RealEstateRama) -- Gov. Snyder and Michigan State Housing Development Authority (MSHDA) Executive Director Scott Woosley today announced a new tool to stimulate the housing markets in eight Michigan cities
National Mortgage Settlement Monitor Reports that Nearly 92,000 Floridians Have Received $9.12 Billion in...
TALLAHASSEE, Fla. - May 21, 2014 - (RealEstateRama) -- National Mortgage Settlement Monitor Joseph A. Smith, Jr. is charged with monitoring the servicers’ compliance with borrower relief requirements and servicing standard reforms under the National ...
EXCERPTS FROM SUPERINTENDENT LAWSKY’S REMARKS ON NON-BANK MORTGAGE SERVICING IN NEW YORK CITY
WASHINGTON, D.C. - May 20, 2014 - (RealEstateRama) -- Benjamin M. Lawsky, Superintendent of Financial Services for the State of New York, is delivering remarks today at the Mortgage Bankers Association 2014 National Secondary Market Conference in New ...
Conyers Proposes New Federal Foreclosure Assistance for Detroit
DETROIT - May 15, 2014 - (RealEstateRama) -- Today, Congressman John Conyers, Jr. (D-Mich.) sent a letter to Federal Housing Finance Agency (FHFA) Director Mel Watt requesting immediate action to assist distressed homeowners in Detroit as the City work...
Rep. Johnson leads fight in connecting struggling homeowners with HomeSafe Georgia program
Rep. Hank Johnson (GA-04) announced today that there are now more ways to qualify for HomeSafe Georgia, which helps homeowners who are unemployed or underemployed through no fault of their own with up to two years of mortgage payments.
Cohen, McDermott Introduce Bill to Help Struggling Families Keep Their Homes
Congressmen Steve Cohen (TN-09) and Jim McDermott (WA-07) today introduced the Limiting Investor and Homeowner Loss in Foreclosure Act of 2014 to prevent foreclosures and help struggling families keep their homes. The newly-introduced legislation would...
Huizenga Legislation To Help Low & Middle Income Borrowers Access Qualified Mortgages Unanimously Passes...
WASHINGTON, D.C. - May 8, 2014 - (RealEstateRama) -- Today, the House Committee on Financial Services unanimously passed H.R. 3211, The Mortgage Choice Act of 2013, introduced by Congressman Bill Huizenga (MI-02). H.R. 3211 is a bipartisan piece of leg...
California Foreclosure Starts Hover Near 8-Year Low
La Jolla, CA. - April 23, 2014 - (RealEstateRama) -- For the third consecutive quarter California foreclosure starts remained little changed at a level last seen in early 2006, the result of steady economic growth and higher home values. Foreclosure pr...
