Mortgage
Home Mortgage
Georgia Department of Banking and Finance’s Order to Cease and Desist Issued to Groupers...
Atlanta, GA - December 7, 2009 - (RealEstateRama) -- On December 4, 2009, an Order to Cease and Desist issued by the Georgia Department of Banking and Finance (“Department”) to Groupers Property Management Associates located at 1050 E. Piedmont Road, Suite E-167, Marietta, Georgia 30062 became final.
HDC’s Board Approves $43M in Taxable Multi-Family Mortgage Revenue Bonds & Cooperative Housing Mortgage...
NEW YORK, NY - December 3, 2009 - (RealEstateRama) -- The New York City Housing Development Corporation (HDC) Board of Directors voted today to approve $43 million in taxable Multi-Family Mortgage Revenue Bonds and Cooperative Housing Mortgage Revenue Bonds for the new construction of Via Verde Apartments and Via Verde Cooperative Apartments, located in the Bronx.
Don’t Take a “Payment Holiday” from Your Mortgage
Atlanta, GA - December 4, 2009 - (RealEstateRama) -- Homeowners seeking to take a "payment holiday" from their mortgage need to consider other alternatives to make certain they do not become delinquent on their most important asset - their home.
Georgia Department of Banking and Finance’s Amended Notice of Intent to Revoke Annual License...
Atlanta, GA - December 4, 2009 - (RealEstateRama) -- On December 2, 2009, the Georgia Department of Banking and Finance’s Amended Notice of Intent to Revoke Annual License of America’s First Home Mortgage Company, Inc., located at 405 North Robinson Street, Richmond, Virginia 23220, mortgage lender’s license number 5682, became final.
Edmond Man Sentenced to 30 Months in Federal Prison for Mortgage Fraud Scheme Defendant...
OKLAHOMA CITY, OK - December 3, 2009 - (RealEstateRama) -- Yesterday, Phillip Seibel, 39, of Edmond, Oklahoma, was sentenced by United States District Judge David Russell to serve 30 months in prison for money laundering stemming from a mortgage fraud scheme, announced Robert J. Troester, Acting United States Attorney for the Western District of Oklahoma.
Seven Northland Residents Indicted in Parkville Mortgage Fraud Scheme
KANSAS CITY, MO - December 3, 2009 - (RealEstateRama) -- Matt J. Whitworth, United States Attorney for the Western District of Missouri, announced today that seven Kansas City, Mo., residents have been indicted by a federal grand jury for their roles in a mortgage fraud scheme that involved the purchase of a $605,000 house in Parkville, Mo
Department of Banking and Finance Enters into a Consent Order with America’s Mortgage Broker,...
Atlanta, GA - December 3, 2009 - (RealEstateRama) -- On December 1, 2009, the Georgia Department of Banking and Finance (“Department”) entered into a Consent Order with America’s Mortgage Broker, LLC, mortgage lender’s license number 15600, located at 324 North Dale Mabry Highway, Suite 203, Tampa, Florida 33609-1266, and its owners, Mark Collins and Axiom, Inc., to resolve allegations of violations of the Georgia Residential Mortgage Act
House Passes Glenn Nye’s Resolution to Aid Toxic Drywall Victims
Washington, DC - December 2, 2009 - (RealEstateRama) -- Families struggling with toxic drywall in their homes will now have one more piece of ammunition when they negotiate with banks and mortgage servicers for relief: a resolution from the United States Congress.
Scalise Helps Pass Resolution to Assist Homeowners Affected by Toxic Chinese Drywall
Washington, DC - December 3, 2009 - (RealEstateRama) -- Congressman Steve Scalise successfully worked to pass legislation today that encourages banks and mortgage servicers to work with families affected by toxic Chinese drywall to allow temporary leniency without penalty on payments on their home mortgages. Scalise is a co-sponsor of H.Con.Res. 197 which passed by a vote of 419 – 1.
House Passes Chinese Drywall Resolution
Washington, DC - December 3, 2009 - (RealEstateRama) -- The House of Representatives today passed a resolution cosponsored by Congressman Bill Posey (R-Rockledge) to encourage banks and mortgage service providers to work with families affected by contaminated drywall and to allow temporary forbearance without penalty on payments on their home mortgages. The resolution is nonbinding but serves to raise awareness to the unfortunate situation that has affected some homeowners in recent years.
Minnick supports two credit measures for consumers
Washington, D.C. - December 2, 2009 - (RealEstateRama) -- In these tough times, Idahoans deserve the chance to buy a home or attend college without having to worry about unfair marks from credit agencies.
Free mortgage help available at foreclosure prevention event
SEATTLE, WA - December 3, 2009 - (RealEstateRama) -- Are you struggling to pay your mortgage because of a subprime loan, a job loss or a one-time financial crisis like an illness or divorce?
Loan Broker Pleads Guilty to Multi-Million Dollar Mortgage Fraud Scheme
ALEXANDRIA, VA - December 1, 2009 - (RealEstateRama) -- Michael Milan, 49, of Bethesda, Md., pleaded guilty yesterday to conspiracy to commit mail and wire fraud for his role in carrying out a multi-million dollar mortgage fraud scheme.
Department of Banking and Finance Enters into a Consent Order with Gateway Mortgage Group,...
Atlanta, GA - December 1, 2009 - (RealEstateRama) -- On November 23, 2009, the Georgia Department of Banking and Finance (“Department”) entered into a Consent Order with Gateway Mortgage Group, LLC, License Number 20712, located at 6910 E. 14th Street, Tulsa, Oklahoma 74112, and its president, John Kevin Stitt, to resolve allegations pertaining to violations of the Georgia Residential Mortgage Act and agency rules.
Notice to Interested Parties Request for Comments and Notice of Public Hearing – Relating...
The Bureau of Consumer Credit Protection is proposing a new rule, titled “Adjustment of Non-Bank Mortgage Lender Fees to Fund Investigative and Legal Compliance Personnel.” A copy of that proposed rule is attached. The Bureau will provide an opportunity for public comment on this proposed rule on Wednesday morning, the 9th of December, 2009, at the Department's Gardiner Annex, 76 Northern Avenue, Gardiner, Maine 04345, starting at 8:30 AM.
Department of Banking and Finance Enters into a Consent Order with First-Rate Mortgage Inc....
Atlanta, GA - December 1, 2009 - (RealEstateRama) -- On November 23, 2009, the Georgia Department of Banking and Finance (“Department”) entered into a Consent Order with First-Rate Mortgage Inc., License Number 13134, located at 2377 Terrell Drive, Atlanta, Georgia 30341, and its president, Steven Post, to resolve allegations pertaining to violations of the Georgia Residential Mortgage Act and agency rules
Castor’s Statement on Mortgage Modification Initiative
Washington, DC - December 1, 2009 - (RealEstateRama) -- U.S. Representative Kathy Castor released the following statement today. "Tampa Bay area families will benefit under the improved mortgage modification campaign announced by the Obama Administration today. Qualified families must be proactive and loan servicers must be held accountable for results.
Castor’s Statement on Mortgage Modification Initiative
Washington, DC - December 1, 2009 - (RealEstateRama) -- U.S. Representative Kathy Castor released the following statement today. "Tampa Bay area families will benefit under the improved mortgage modification campaign announced by the Obama Administration today. Qualified families must be proactive and loan servicers must be held accountable for results.
Portland Mortgage Company Owner Sentenced to 41 Months in Prison for Mortgage Fraud
PORTLAND, OR - November 24, 2009 - (RealEstateRama) -- Senior United States District Judge Robert E. Jones today sentenced Lee Howlett, 46, of Portland, to 41 months in prison, to be followed by three years of supervised release. Howlett pled guilty in February 2009 to a single count of conspiring to make false statements to financial institutions.
Reid Brings Together Local and National Organizations to Fight Mortgage Fraud in Nevada
Las Vegas, NV - November 25, 2009 - (RealEstateRama) -- Nevada Senator Harry Reid today joined Federal Trade Commission Chairman Jon Leibowitz, Nevada Attorney General Catherine Cortez Masto, Assistant U.S. Attorney General Tony West, NeighborWorks Program Director Marietta Rodriguez and the members of the Nevada Foreclosure Task Force to raise awareness about mortgage fraud and law enforcement efforts in Nevada to prosecute it.
Attorney General Sues Unlicensed Foreclosure Rescue/Mortgage Modification Companies
AUGUSTA, ME - November 25, 2009 - (RealEstateRama) -- Attorney General Janet Mills today joined the Federal Trade Commission, the U.S. Department of Justice and the attorneys general of twenty-six other states in a national crackdown against foreclosure rescue and mortgage modification operations. These companies prey on consumers who are desperate to save their homes from foreclosure.
Federal Trade Commission Commends McCollum’s Proactive Efforts Against Foreclosure Rescue Fraud
TALLAHASSEE, FL - November 25, 2009 - (RealEstateRama) -- The Federal Trade Commission (FTC) today commended Florida Attorney General Bill McCollum for his proactive efforts to combat mortgage foreclosure rescue and loan modification scams in Florida. Yesterday, the FTC unveiled “Operation Stolen Hope,” a national sweep targeting these types of scams, and announced the filing of just over 100 state and federal legal actions throughout the country. These filings are in addition to the continuing efforts by Attorney General McCollum's office, which has filed 17 civil actions in the past year with more expected in the coming months.
Attorney General Corbett announces lawsuits against four loan modification businesses accused of deceiving consumers...
HARRISBURG, PA - November 23, 2009 - (RealEstateRama) -- Consumer protection lawsuits were filed today against four loan modification or "mortgage rescue" businesses, along with their officers, who are accused of deceiving Pennsylvania consumers seeking help modifying their mortgage loans.
Investor Sentenced to 18 Months in Prison for Role in Mortgage Fraud Scheme
PHOENIX, AZ - November 24, 2009 - (RealEstateRama) -- Brandon Azadegan, 29, of Phoenix, was sentenced yesterday to 18 months in prison for an April 2009 conviction for his role as an investor selling four homes to a straw buyer. Azadegan pleaded guilty to one count of Conspiracy to Commit Wire Fraud and one count of Transactional Money Laundering. Six other co-conspirators have pleaded guilty for their involvement in the conspiracy. Gheorge Babeti was sentenced to 14 months in federal prison in August 2009. The remaining defendants will be sentenced in the next few months
Pennsylvania Department of Banking Accredited by CSBS and AARMR
Washington, D.C. - November 19, 2009 - (RealEstateRama) -- The Conference of State Bank Supervisors and the American Association of Residential Mortgage Regulators announced today that the Pennsylvania Department of Banking has achieved accreditation under the joint CSBS-AARMR Mortgage Supervision Accreditation Program.
Woodbridge Man Sentenced 57 Months for Mortgage Fraud
ALEXANDRIA, VA - November 20, 2009 - (RealEstateRama) -- Godwin Asifo, 55, of Woodbridge, Va., was sentenced today to 57 months in prison, followed by three years of supervised release, for running a mortgage fraud scheme that resulted in the foreclosure of at least three homes in northern Virginia.
$1.4M Grant to Provide Free Foreclosure Mitigation Counseling to Struggling Homeowners
CHICAGO, IL - November 20, 2009 - (RealEstateRama) -- Today, the Illinois Housing Development Authority (IHDA) Board of Directors approved allocating a $1.4 million federal grant to fund free foreclosure counseling help for homeowners throughout Illinois
Former Real Estate Investment Company Owner Pleads Guilty to Laundering Proceeds of Mortgage Fraud
ALBANY, NY - November 19, 2009 - (RealEstateRama) -- Andrew T. Baxter, United States Attorney, Patricia J. Haynes, Special Agent in Charge, Internal Revenue Service, Criminal Investigation Division (New York Field Office), John F. Pikus, Special Agent in Charge, Albany Division of the Federal Bureau of Investigation, and Robert Bethel, Inspector in Charge, United States Postal Inspection Service, announce that KEVIN M. O’CONNELL, age 35, of Albany,
Real Estate Appraiser Charged with Making False Statement on Mortgage Loan Application
November 19, 2009 - (RealEstateRama) -- Nora R. Dannehy, United States Attorney for the District of Connecticut, today announced that a federal grand jury sitting in Bridgeport has returned an indictment charging THOMAS PRESTON, 49, of Norwalk, with one count of making a false statement on a mortgage loan application.
Georgia Department of Banking and Finance’s Order to Cease and Desist Issued to Mortgage...
Atlanta, GA - November 18, 2009 - (RealEstateRama) -- On November 16, 2009, an Order to Cease and Desist issued by the Georgia Department of Banking and Finance (“Department”) to Mortgage Help Solutions d/b/a www.mortgagehelpsolutions.com located at 160 Clairemont Avenue, Suite 268, Decatur, Georgia 30030 became final.
