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Suit Filed to Stop Alleged Loan Scam Operation Targeting African Americans in Metro Atlanta
ATLANTA, GA - February 21, 2013 - (RealEstateRama) -- On February 15, 2013, the Lawyers’ Committee for Civil Rights Under Law (Lawyers’ Committee) and pro bono counsel King & Spalding filed a lawsuit in the United States District Court for the ...
A.G. Schneiderman Details Results Of Homeowner Protection Program In Buffalo Region
BUFFALO - February 18, 2013 - (RealEstateRama) -- In Buffalo, Attorney General Eric T. Schneiderman today announced the results of the Homeowner Protection Program (HOPP), a $60 million initiative to support housing counselors and legal services provid...
C.A.R. launches new tool to help home buyers bridge down payment gap
LOS ANGELES, CA - February 18, 2013 - (RealEstateRama) -- In an effort to provide California home buyers with up-to-date information about available home buyer assistance programs, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today launched Calif...
Sixth Circuit Court of Appeals Affirms Dismissal of Kentucky Recording Fee Suit
Reston, Virginia - February 18, 2013 - (RealEstateRama) -- MERSCORP Holdings, Inc. today announced that a three-judge panel of the U.S. Court of Appeals for the Sixth Circuit ruled in favor of MERSCORP Holdings, Inc. and Mortgage Electronic Registratio...
Sens. Warner, Warren Urge Action on Consumer Credit Reporting
WASHINGTON, D.C. - February 18, 2013 - (RealEstateRama) -- U.S. Sens. Mark R. Warner (D-VA) and Elizabeth Warren (D-MA) today sent a letter to the heads of the Consumer Financial Protection Board (CFPB) and the Federal Trade Commission (FTC) urging the...
Florida-Based Lender Processing Services Inc. to Pay $35 Million in Agreement to Resolve Criminal...
WASHINGTON, D.C. - February 18, 2013 - (RealEstateRama) -- Lender Processing Services Inc. (LPS), a publicly traded mortgage servicing company based in Jacksonville, Fla., has agreed to pay $35 million in criminal penalties and forfeiture to address it...
Superseding Indictment Charges Three More Alleged Participants in New Haven Mortgage Fraud Schemes
NEW HAVEN, CT - February 18, 2013 - (RealEstateRama) -- Three more defendants were indicted yesterday on federal charges related to their alleged participation in an extensive mortgage fraud scheme involving more than 50 mortgages on numerous residenti...
MERSCORP Holdings, Inc. Statement on Recorder Fee Suit in Minnesota
Reston, Virginia - February 15, 2013 - (RealEstateRama) -- There is no merit to the claims against MERSCORP Holdings, Inc. and Mortgage Electronic Registration Systems, Inc. (MERS) made today by Ramsey and Hennepin Counties in Minnesota. All MERS mortg...
Hagan, Landrieu, Isakson Urge Action on QRM Rule
Washington, DC - February 15, 2013 - (RealEstateRama) -- U.S. Senators Kay Hagan (D-NC), Mary Landrieu (D-LA) and Johnny Isakson (R-GA) this week sent a bipartisan letter to banking regulators and housing officials urging them to act quickly to revise ...
First Half Property Tax Statements have been Mailed
WASHINGTON, D.C. - February 14, 2013 - (RealEstateRama) -- Doug Lasher, Clark County Treasurer, announced that first-half 2013 property tax statements have been mailed. Property tax statements include property tax levy amounts, special assessments, and...
Connecticut Man Sentenced to More Than 15 Years in Federal Prison for Operating Mortgage...
WASHINGTON, D.C. - February 13, 2013 - (RealEstateRama) -- The United States Attorney for the District of Connecticut announced that William A. Trudeau, Jr., 50, Norwalk, was sentenced today by United States District Judge Janet C. Hall in New Haven to...
Governor Cuomo Announces Administration Investigation Finds at least $200 Million in Sandy Insurance Funds...
Albany, NY - February 12, 2013 - (RealEstateRama) -- Governor Andrew M. Cuomo today announced that a Department of Financial Services investigation uncovered $200 million in insurance funds from Superstorm Sandy that are being held by banks and have no...
Local Mortgage Broker Found Guilty of Bank and Wire Fraud
PORTLAND, OR - February 12, 2013 - (RealEstateRama) -- David Ovist, 45, of Lake Oswego, Oregon, was convicted Friday, February 8, 2013, of the crimes of bank fraud and wire fraud following a 10-day jury trial. Ovist is scheduled to appear before U.S. D...
New York State Supreme Court Rejects Mortgage/Note “Splitting” Claim
Reston, Virginia - February 12, 2013 - (RealEstateRama) -- MERSCORP Holdings, Inc. today announced that Justice Arthur G. Pitts of the Supreme Court of the State of New York, Suffolk County, recently ruled in favor of Mortgage Electronic Registration S...
Schuette Announces Guilty Plea for Former Mortgage Processor President Responsible for Fraudulent Robo-Signing Scandal
LANSING - February 12, 2013 - (RealEstateRama) -- Michigan Attorney General Bill Schuette today announced Lorraine Brown, former president of mortgage document processor DocX, pleaded guilty to racketeering for her alleged role in authorizing the fraud...
One Year Later: National Mortgage Settlement Brings Millions of Dollars in Relief to Massachusetts...
BOSTON - February 11, 2013 - (RealEstateRama) -- Thousands of Massachusetts homeowners on the brink of foreclosure have received assistance in the year since Attorney General Martha Coakley announced a $25 billion national settlement with the five majo...
Governor Quinn Signs Landmark Legislation to Strengthen Communities Across Illinois
CHICAGO, IL - February 8, 2013 - (RealEstateRama) -- Governor Pat Quinn today signed a landmark law that will strengthen communities across Illinois by responsibly fast tracking the foreclosure process and investing more than $120 million to help more ...
Albert Del Rio Joins Surterre Properties®
WASHINGTON, D.C. - February 8, 2013 - (RealEstateRama) -- A Fountain Valley native who earned his bachelor’s degree at USC, Albert Del Rio has a passion for Southern California, which is evidenced by the incredible amount of work he’s done from the...
Former Mortgage Broker and Bank Officer Charged with Conspiring to Commit Bank Fraud
NEWARK - February 7, 2013 - (RealEstateRama) -- A former mortgage broker and bank officer from Bergen County, New Jersey was arrested this morning for allegedly conspiring to commit bank fraud to secure a $1.5 million residential loan, U.S. Attorney Pa...
House Financial Services Committee Vice Chairman Gary Miller Calls for Improvements to the FHA
Washington, DC - February 7, 2013 - (RealEstateRama) -- Today, the House Financial Services Committee convened a hearing about the role of the Federal Housing Administration (FHA) in the mortgage insurance market.
