Congressman Frank Pallone, Jr. (D-NJ) today announced two grants through the U.S. Department of Housing and Urban Development (HUD) Housing Counseling Program to help provide individuals and families with advice and information on housing issues. The goal is to improve financial literacy, expand homeownership opportunities, prevent foreclosure, and improve access to affordable housing. Through this program, the Housing Authority of the City of Perth Amboy has been awarded a $13,071 grant, and the Puerto Rican Association for Human Development in Perth Amboy has been awarded a $12,323 grant
The New Jersey Housing and Mortgage Finance Agency (HMFA) today announced the launch of its new and improved housing locator service, the New Jersey Housing Resource Center (NJHRC), located at www.njhrc.gov. Upgrades include a brand new look and a streamlined user experience, complete with a more refined how-to section and updated housing resources
The Christie Administration today announced that the New Jersey Housing and Mortgage Finance Agency (HMFA), an affiliate of the New Jersey Department of Community Affairs (DCA), in partnership with the New Jersey Department of Human Services (DHS), has received $5,099,229 in rental assistance funding from the U.S. Department of Housing and Urban Development (HUD).
Byram Labs was also interested in improving cash flow by refinancing the mortgage on its facility.
MetLife Home Loans LLC has agreed to pay the United States $123.5 million to resolve allegations that MetLife Bank N.A. (MetLife Bank) violated the False Claims Act by knowingly originating and underwriting mortgage loans insured by the U.S. Department of Housing and Urban Development’s (HUD) Federal Housing Administration (FHA) that did not meet applicable requirements, the Justice Department announced today
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 scheme in which he conspired to steal more than $1.2 million from lenders by filing fraudulent mortgage applications, diverting mortgage proceeds and falsifying settlement statements
WASHINGTON, D.C. - April 17, 2014 - (RealEstateRama) -- We are pleased to announce that Caliber Home Loans, Inc. is now New Jersey Builders Association (NJBA) Master Sponsor. Caliber Home Loans, Inc. is a full-service national mortgage lender and agency. It offers innovative servicing solutions for both conforming and non-conforming loans. The company is led by a veteran senior management team that consists of mortgage banking professionals with a history of building successful national mortgage operations. Caliber is owned by Lone Star Funds, a global private equity fund. The company is an approved Seller/Servicer for both Fannie Mae and Freddie Mac, and approved issuer for Ginnie Mae and is a servicer for FHA, VA and the USDA. Caliber carries multiple servicer ratings from Standard & Poors, Moody’s, Fitch and DBRA
TRENTON - January 13, 2013 - (RealEstateRama) -- Acting Attorney General John J. Hoffman announced that a title company owner was sentenced to prison today for stealing a total of $5.3 million entrusted to him as a settlement agent to pay off multiple mortgage loans in connection with real estate closings he handled.
Christie Administration Commits $7.2 Million in Federal Sandy Recovery Funds to Two Public Housing...
Trenton, NJ - December 23, 2013 - (RealEstateRama) -- New Jersey Department of Community Affairs (DCA) Commissioner Richard E. Constable, III today joined New Jersey Housing and Mortgage Finance Agency (HMFA) Executive Director Anthony L. Marchetta in announcing the commitment of approximately $7.2 million in Community Development Block Grant (CDBG) Disaster Recovery funding to two public housing authority developments in Jersey City, Hudson County. The funding will provide the construction and permanent financing needed for the rehabilitation of 319 affordable rental housing units for families and 48 affordable rental housing units for seniors
New Jersey Joins Multi-State Settlement with Ocwen Financial Corp. Over Alleged Mortgage Servicing Wrongs
TRENTON - December 20, 2013 - (RealEstateRama) -- Acting Attorney General John J. Hoffman announced today that New Jersey has joined a $2.1 billion, multi-state and federal settlement with Atlanta-based Ocwen Financial Corporation and its subsidiary, Ocwen Loan Servicing, that resolves allegations the companies engaged in mortgage servicing misconduct.
TRENTON - December 18, 2013 - (RealEstateRama) -- Acting Attorney General John J. Hoffman and Division of Law Director Christopher S. Porrino announced today that the State has filed a lawsuit against Credit Suisse Securities (USA) LLC and two of its affiliates alleging that they offered more than $10 billion in residential mortgage backed securities trusts for sale while misrepresenting the risks involved in the investments, and failing to disclose to investors information about significant defects in the offerings.
WASHINGTON, D.C. - December 13, 2013 - (RealEstateRama) -- A resolution sponsored by Assemblywoman Alison Littell McHose urging New Jersey citizens to “Buy American” products moved out of the Assembly Commerce and Economic Development Committee.
Acting Attorney General Announces $6.25 Million Settlement Resolving Consumer Fraud Act Allegations Against PHH...
TRENTON - December 3, 2013 - (RealEstateRama) -- Acting Attorney General John J. Hoffman and Division of Law Director Christopher S. Porrino announced today that the State has entered into a $6.25 million settlement with PHH Mortgage Corporation that resolves allegations the company misled financially struggling homeowners who sought loan modifications or other help to avoid mortgage delinquency or foreclosure
RAMSEY, N.J. - November 20, 2013 - (RealEstateRama) -- New Jersey Department of Community Affairs (DCA) Commissioner Richard E. Constable, III and New Jersey Housing and Mortgage Finance Agency (HMFA) Executive Director Anthony Marchetta today highlighted the grand opening of Airmount Woods Supportive Housing, an affordable permanent supportive rental housing project in Ramsey, Bergen County, for individuals referred by the New Jersey Division of Developmental Disabilities.
Christie Administration Distributes More Than $1 Million In Sandy Homeowner And Renter Assistance Program...
Trenton, NJ - November 19, 2013 - (RealEstateRama) -- The Christie Administration today announced that since its launch last month, more than $1 million in Sandy Homeowner and Renter Assistance funding has been disbursed to residents in the state’s hardest hit counties.
WASHINGTON, D.C. - November 4, 2013 - (RealEstateRama) -- Are you hoping to refinance, but nervous because your credit is not where it should be? Unlike what you may have heard, it's still possible to refinance your mortgage without great credit. Below, Patricia Bell, President of Gloria Nilson & Co. Real Estate provides us with several tips how
Hamilton, NJ - June 11, 2013 - (RealEstateRama) -- The New Jersey Builders Association (NJBA), the voice of New Jersey’s building industry, is pleased to announce that it is hosting a seminar entitled “Financing the Sandy Rebuild” on Tuesday, June 18 at Jumping Brook Country Club in Neptune, NJ. Registration is at 9:00 AM with the seminar beginning at 9:30 AM.
N.J. Borrowers Impacted by National Mortgage Settlement to Receive $1,400-Plus Claim Checks This Month
TRENTON - June 4, 2013 - (RealEstateRama) -- Attorney General Jeffrey S. Chiesa announced today that New Jersey borrowers who submitted a valid foreclosure payment claim through the National Mortgage Settlement will receive a check this month for approximately $1,480.
HADDON HEIGHTS, NJ - May 10, 2013 - (RealEstateRama) -- Today, Congressman Andrews announced that a federally backed construction project is underway in Winslow Township, creating 35 new construction jobs according to Eastern Pacific Development. The total construction is expected to cost $60 million, approximately one-fifth of which is paid for through federal tax credits. Congressman Andrews authored a letter to the New Jersey Housing Mortgage and Finance Agency, the state agency in charge of administering the federal funds, advocating for the project as a catalyst for our local economy and job market.
Christie Administration Announces $2 Million in State Financing for Affordable Housing Project in Winslow...
TRENTON, N.J. - May 10, 2013 - (RealEstateRama) -- New Jersey Department of Community Affairs (DCA) Commissioner Richard E. Constable, III, Chair of the New Jersey Housing and Mortgage Finance Agency (HMFA), and HMFA Executive Director Anthony L. Marchetta today announced the HMFA is providing $2.3 million in permanent mortgage financing and an allocation of federal Low Income Housing Tax Credits to Winslow Cross Creek, an affordable housing community in Camden County’s Winslow Township. Winslow Cross Creek, which recently broke ground, will offer housing for low-to-moderate-income families and individuals with special needs