Mortgage

Mortgage

FHLBank Pittsburgh Makes $500,000 Grant to Help PHFA Fight Foreclosure

Pittsburgh, PA - April 19, 2010 - (RealEstateRama) -- The Federal Home Loan Bank (FHLBank) of Pittsburgh is contributing $500,000 to the Pennsylvania Housing Finance Agency (PHFA) to assist the Agency in its effort to help at-risk homeowners refinance their first mortgages to more affordable terms to avoid foreclosure.

Rep Burton Says Democrat’s Outrageous Spending Spree Must Stop!

WASHINGTON, D.C. - April 15, 2010 - (RealEstateRama) -- Today, Rep. Burton offered the following statement to commemorate Tax Day in America: “Today millions of Hoosiers are filing their taxes, many are also writing out a check to the government, and wondering what they are getting for their hard-earned money. So far, under Nancy Pelosi’s Leadership, Hoosiers have gotten more government control over their lives, trillions of dollars in budget deficits and tens of trillions of dollars of government debt for as far as the eye can see

Gov Hails Passage of Vets Loan Legislation

Juneau, AL - April 15, 2010 - (RealEstateRama) -- Governor Sean Parnell today welcomed the passage of SB 217, legislation that will allow voters in the 2010 general election to approve $600 million of state-guaranteed bonds for the purchase of mortgage loans made to qualifying military veterans. The bonds would be issued by the Alaska Housing Finance orporation. Governor Parnell has encouraged members of the armed services stationed in the state to consider permanent residency after their discharge.

New Funds Now Available to First-Time Homebuyers Who Purchase and Rehabilitate Foreclosed Homes in...

Partnership between MassHousing, city of Haverhill and Haverhill Bank will help create opportunities for qualified buyers who purchase properties in need of repair. BOSTON, MA - April 15, 2010 - (RealEstateRama) -- MassHousing, Haverhill Mayor James J. Fiorentini and Haverhill Bank announced a new initiative today to make grant funds available to first-time homebuyers who purchase foreclosed homes in Haverhill. Qualified homebuyers who obtain a MassHousing Mortgage through Haverhill Bank will be eligible for a second loan to assist in rehabilitating the foreclosed property. The second loan will be funded through the Neighborhood Stabilization Program (NSP), which was created in federal economic recovery legislation.

OHFA seeks nominations for outstanding homeownership programs

COLUMBUS, OH - April 14, 2010 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) is the leader in developing effective programs that strengthen Ohio communities and address affordable housing needs throughout the state. OHFA is recognizing the best in innovative and quality initiatives across the affordable housing industry with the Spirit of Homeowner Excellence Awards (SHEAs).

Governor Beshear Signs Consumer Protection Measure

April 14, 2010 - (RealEstateRama) -- Gov. Steve Beshear was joined today by Kentucky Attorney General Jack Conway as he signed into law HB 166, a consumer protection bill that addresses debt-adjusting contracts that are often entered into by desperate homeowners who have fallen behind on their mortgage payments and are seeking a quick, easy solution to their financial problems

Texas Residents Indicted in $3.7 Million Mortgage Fraud Scheme

HOUSTON, TX - April 9, 2010 - (RealEstateRama) -- Vincent Wallace Aldridge and Tori Aldridge, both of Fresno, Texas, surrendered themselves to federal authorities as a result of the return of a 19-count indictment arising from an alleged scheme to defraud residential mortgage lenders of more than $3.7 million

Mortgage Fraud Charges Involve Approximately 50 Loans Totaling More Than $8 Million

MADISON, WI - April 8, 2010 - (RealEstateRama) -- Stephen P. Sinnott, United States Attorney for the Western District of Wisconsin, announced that the following charges were filed on April 8, 2010:

Rooney Urges Struggling Homeowners to Attend Free Workshops for Mortgage Assistance

Stuart, FL - April 9, 2010 - (RealEstateRama) -- Congressman Tom Rooney (R-Fla.) today advised struggling homeowners in South Florida to take advantage of an opportunity this month for free counseling and guidance to help reduce their monthly mortgage payments. The event, hosted by the Neighborhood Assistance Corporation of America (NACA), will take place in Miami from April 15-19.

California Company Ordered to Cease and Desist Mortgage Modification Solicitations in Idaho

Boise, ID - April 8, 2010 - (RealEstateRama) -- The Idaho Department of Finance announced the issuance of a cease and desist order today against California-based “Relief Law Center,” stemming from alleged unlawful mortgage modification solicitations targeted to Idaho homeowners.

Former Walpole Attorney Pleads Guilty, Sentenced in Connection with Role in Elaborate Mortgage Fraud...

BOSTON, MA - April 8, 2010 - (RealEstateRama) -- A former local attorney pled guilty in Suffolk Superior Court for his role in a complex scheme in which fraudulent documents were used to defraud homeowners and mortgage lenders in real estate transactions involving 26 distressed properties in the Greater Boston area. Bruce Namenson, age 47, of Walpole, pled guilty yesterday to charges of Larceny over $250 (18 Counts), Making or Publishing False or Exaggerated Statements (9 Counts), and False Written Reports by Public Officer or Employee (4 Counts). After the plea was entered, Superior Court Judge Carol Ball sentenced Namenson to serve 2 years in the House of Correction, one year to serve, with the balance suspended for 3 years.

Bennet Makes Push to Help Colorado Families Facing Foreclosure

Washington, DC - April 8, 2010 - (RealEstateRama) -- Michael Bennet, U.S. Senator for Colorado, today sent a letter encouraging the U.S. Treasury Department to make common-sense improvements to its mortgage loan modification program that would help Coloradans from losing their homes to foreclosure. The Home Affordable Modification Program (HAMP) provides assistance to allow families facing foreclosures to stay in their homes, and the changes Bennet is pushing for would further improve the program's ability to help struggling homeowners.

Bennet Makes Push to Help Colorado Families Facing Foreclosure

Washington, DC - April 8, 2010 - (RealEstateRama) -- Michael Bennet, U.S. Senator for Colorado, today sent a letter encouraging the U.S. Treasury Department to make common-sense improvements to its mortgage loan modification program that would help Coloradans from losing their homes to foreclosure. The Home Affordable Modification Program (HAMP) provides assistance to allow families facing foreclosures to stay in their homes, and the changes Bennet is pushing for would further improve the program's ability to help struggling homeowners.

California Homeowners Sue Bank of America for Withholding Federal Bailout Funds

LOS ANGELES, CA - April 8, 2010 - (RealEstateRama) -- California homeowners sued Bank of America (NYSE: BAC) on Tuesday claiming the lending giant is intentionally withholding government funds intended to save homeowners from foreclosure, announces Hagens Berman Sobol Shapiro

Disbarred Attorney Convicted in Mortgage Fraud Scheme

Seattle, WA - April 2, 2010 - (RealEstateRama) -- ROBERT ERNEST BRANDT, 42, a former Kirkland attorney and escrow officer, was convicted in U.S. District Court in Seattle yesterday of conspiracy and four counts of wire fraud.

Real Estate Investor Ordered to Pay Over $4.1 Million in Restitution

SHERMAN, TX - April 1, 2010 - (RealEstateRama) -- U.S. Attorney John M. Bales announced today that a 38-year-old Grapevine, Texas, man has been sentenced to federal prison for his role in a mortgage fraud scheme in the Eastern District of Texas.

Miller, Ellison Introduce Bill to Address Conflict of Interest in Mortgage Companies

Washington, D.C. - March 30, 2010 - (RealEstateRama) -- Just moments before the House adjourned last week, Reps. Brad Miller (D-NC) and Keith Ellison (D-MN), both Members of the Financial Services Committee, introduced legislation that will eliminate a conflict of interest that may be preventing large mortgage companies from modifying troubled mortgages voluntarily.

New Hampshire Man Sentenced for Mortgage-Related Wire and Mail Fraud

CONCORD, NH - March 31, 2010 - (RealEstateRama) -- United States Attorney John P. Kacavas, Special Agent in Charge of the Federal Bureau of Investigation Warren Bamford, and Postal Inspector in Charge Randy Miskanic announced that Tom Ryder, 27, of Henniker, New Hampshire,

Former Owner of Home Savers Consulting Corp. Pleads Guilty to Mortgage Foreclose Rescue Scheme

NEWARK, NY - March 30, 2010 - (RealEstateRama) -- A Brooklyn man pleaded guilty today to conspiracy to commit wire fraud in connection with a mortgage fraud scheme that falsely promised to help homeowners facing foreclosure keep their homes and repair their damaged credit, U.S. Attorney Paul J. Fishman announced.

Mortgage Assistance Programs

April 1, 2010 - (RealEstateRama) -- The Making Home Affordable Program has been expanded to reach more homeowners who need help with their mortgages. Many Georgians are still struggling to keep up with their payments. Congressman Scott will continue to support policies to help homeowners turn the corner.

Georgia Department of Banking and Finance Enters into a Consent Order with MTB Mortgage...

Atlanta, GA - March 31, 2010 - (RealEstateRama) -- On March 30, 2010, the Georgia Department of Banking and Finance (“Department”) entered into a Consent Order with MTB Mortgage Inc. (“MTB Mortgage”), License Number 20290, formerly located at 4566 Lawrenceville Highway, Suite 101, Lilburn, Georgia 30047, and its owner, Olamide Arowolo, to resolve allegations pertaining to violations of the Georgia Residential Mortgage Act and agency rules.The terms of the Consent Order include

Division of Mortgage Lending Issues Fines and Takes Enforcement Action in Four Matters

Las Vegas, NV - March 31, 2010 - (RealEstateRama) -- The Division of Mortgage Lending continues to diligently enforce mortgage lending laws by disciplining four entities for various violations of the Nevada Revised Statutes.

New Hampshire Housing Recognizes Top 10 Loan Originators

BEDFORD, N.H. - March 29, 2010 - (RealEstateRama) -- New Hampshire Housing Finance Authority recently named its 2009 top 10 loan originators.

Reid Applauds New Assistance For Underwater Homeowners In Nevada

Washington, D.C. - March 26, 2010 - (RealEstateRama) -- Nevada Senator Harry Reid today applauded the administration’s announcement of a new initiative that will provide much-needed relief to responsible Nevada homeowners who are underwater and struggling to make payments on their mortgage.

Terry Goddard, Eric Holder Pledge Aggressive Fight against Mortgage Fraud

Phoenix, AZ - March 26, 2010 - (RealEstateRama) -- Arizona Attorney General Terry Goddard and U.S. Attorney General Eric Holder today pledged a broad and intensified fight to prevent, prosecute and punish mortgage fraud in Arizona, aided by an additional $1.7 million in federal funding

Attorney General Holder, Financial Fraud Enforcement Task Force Announce New Funding Distribution for Enforcement...

WASHINGTON, DC - March 26, 2010 - (RealEstateRama) -- Representatives of the Financial Fraud Enforcement Task Force, including Attorney General Eric Holder, met in Phoenix today for the second of a series of Mortgage Fraud Summits. The task force, established by President Barack Obama in November 2009 to wage an aggressive, coordinated and proactive effort to investigate and prosecute financial crimes, is comprised of representatives from a broad range of federal agencies, regulatory authorities, inspectors general, and state and local law enforcement

Fattah Lauds Positive Steps On Mortgages By Lenders

WASHINGTON D.C - March 25, 2010 - (RealEstateRama) -- Congressman Chaka Fattah (D-PA), author of major legislation to provide emergency mortgage assistance to unemployed homeowners who face foreclosure, praised steps by major banks in recent days to aid homeowners with “underwater” and distressed mortgages.

Tyler, Texas Woman Sentenced in Mortgage Fraud Scheme

TYLER, TX - March 25, 2010 - (RealEstateRama) -- U.S. Attorney John M. Bales announced today that a 47-year-old Tyler, Texas woman has been sentenced to federal prison for a mortgage fraud scheme in the Eastern District of Texas.

Charlotte Man Pleads Guilty to Aiding and Abetting Mortgage Fraud

COLUMBIA, SC - March 23, 2010 - (RealEstateRama) -- nited States Attorney KEVIN F. MCDONALD stated today that BRAD L. GREENBERG, age 53, of Charlotte, pled guilty today to Misprision1 of a Felony, a violation of Title 18, United States Code, Section 4. United States District Judge Cameron McGowan Currie accepted the plea and has scheduled sentencing for May 25th.

Rep. Melancon Supports Louisiana Veterans with Jobs, Housing Bills

WASHINTON D.C. - March 25, 2010 - (RealEstateRama) -- Congressman Charlie Melancon (LA-03) voted this week in support of a series of bills to provide more opportunity to U.S. veterans, particularly those who are looking for jobs or are homeless. The measures would increase on-the-job training opportunities for returning veterans, prevent mortgage lenders from foreclosing on a veteran’s home after their service, and make sure payments for disabled veterans keep pace with the cost of living. Also included in the series was legislation to strengthen the U.S. Department of Veterans Affairs’ work to fight and end homelessness. An estimated 131,000 U.S. veterans are homeless nationwide

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Mayor London Breed Celebrates Groundbreaking of New Affordable Housing in the...

Mayor London N. Breed today joined community leaders to celebrate the groundbreaking of future affordable housing at 1950 Mission Street. Once completed, the project will offer 155 affordable apartments for families