Mortgage

Mortgage

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 residential properties in New Haven, Connecticut, Paul J. Fishman, U.S. Attorney the District of New Jersey, announced.

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 Paul J. Fishman announced.

Four Charged in $15 Million Mortgage Fraud Scheme

CAMDEN, NJ - February 1, 2013 - (RealEstateRama) -- Four individuals from New Jersey were taken into custody today for their alleged roles in a $15 million mortgage fraud scheme on an indictment returned by a federal grand jury on January 30, 2013, U.S. Attorney Paul J. Fishman announced.

New Jersey to Receive $3.1 Million from Multi-State Settlement Resolving Allegations that Processing Firm...

TRENTON - January 31, 2013 - (RealEstateRama) -- Attorney General Jeffrey S. Chiesa announced today that New Jersey will receive $3.1 million as part of a multi-state settlement with Lender Processing Services, a Florida-based company that primarily provides technological support to banks and mortgage loan servicers.

Nine Charged in $10 Million Mortgage Fraud Scheme

NEWARK - January 25, 2013 - (RealEstateRama) -- Nine people involved in a long-running, large-scale mortgage fraud scheme that caused losses of approximately $10 million were charged in two complaints with conspiracy to commit bank fraud, U.S. Attorney Paul J. Fishman announced.

Ten Charged in Superseding Indictment in Timeshare Mortgage Fraud Scheme

CAMDEN, NJ - January 25, 2013 - (RealEstateRama) -- A federal grand jury for the District of New Jersey, sitting in Camden, has returned a 44-count superseding indictment against six individuals from southern New Jersey and four others for their alleged roles in a $3 million mail and wire fraud conspiracy involving timeshare mortgages, U.S. Attorney Paul J. Fishman announced today

Attorney General Chiesa Announces New Jersey Sign-On to National Letter Seeking to Extend Tax...

TRENTON - November 21, 2012 - (RealEstateRama) -- Attorney General Jeffrey S. Chiesa announced today that New Jersey has signed onto a national letter urging Congress to extend tax relief for consumers who have mortgage debt canceled or forgiven because of financial hardship or a decline in housing values.

Menendez Calls for the Immediate Suspension of Foreclosures & Evictions for All New Jersey...

WASHINGTON, DC - November 14, 2012 - (RealEstateRama) -- U.S. Senator Robert Menendez (D-NJ) today called on the New Jersey Attorney General to issue a moratorium that would suspend foreclosure sales and evictions, delay the initiation of any foreclosure action, waive late payment charges and put a hold on credit reporting for borrowers with homes located in eligible disaster areas. Menendez is urging swift action to expand emergency mortgage payment relief to all New Jersey homeowners who have suffered damage to their home or experienced a disruption in income as a result of Hurricane Sandy

Lawyer Sentenced to Prison for Obtaining $2.6 Million in Home Loans Through Fraudulent Applications

TRENTON - September 19, 2012 - (RealEstateRama) -- Attorney General Jeffrey S. Chiesa announced that a lawyer from Monmouth County was sentenced to prison today for his role in a scheme to steal more than $2.6 million from lenders by filing fraudulent mortgage loan applications

Morris County Lawyer Sentenced to Seven Years in Prison in Scheme to Defraud Lender...

TRENTON - September 14, 2012 - (RealEstateRama) -- Attorney General Jeffrey S. Chiesa announced that a lawyer from Morris County was sentenced to prison today for his role in a scheme to defraud a mortgage lender of $431,200 by filing a false loan application and purchasing a home in Newark in the name of a man who was deceased

Lawyer Admits Defrauding Mortgage Lenders of $1 Million by Diverting Closing Funds & Filing...

TRENTON - September 12, 2012 - (RealEstateRama) -- Attorney General Jeffrey S. Chiesa announced that a lawyer from Red Bank pleaded guilty today to conspiring with others to steal over $1 million from lenders by filing fraudulent mortgage applications, diverting mortgage proceeds and falsifying settlement statements

Menendez, Boxer Urge Republicans to Join Them to Help Responsible Homeowners Refinance

WASHINGTON, DC - September 11, 2012 - (RealEstateRama) -- Citing new momentum and support among a broad array of stakeholders, U.S. Senators Robert Menendez (D-NJ) and Barbara Boxer (D-CA) today reintroduced the Responsible Homeowner Refinancing Act and called for Republicans to join them in passing the measure which would help millions of responsible homeowners refinance at lower mortgage rates.

Acting Commissioner Kobylowski Provides Senior Citizens in Closter with Insurance, Annuity and Reverse Mortgage...

CLOSTER, NJ - September 7, 2012 - (RealEstateRama) -- New Jersey New Jersey Department of Banking and Insurance Acting Commissioner Ken Kobylowski on Wednesday spoke with a group of approximately 55 senior citizens ranging in age of 70 to 95 years old at the Closter Senior Center about life insurance, long term care insurance, annuities and reverse mortgages

Menendez, Boxer, Kohl Call On United Guaranty To Help More Homeowners Refiance

Washington, D.C. - July 2, 2012 - (RealEstateRama) -- U.S. Senators Barbara Boxer (D-CA), Bob Menendez (D-NJ) and Herb Kohl (D-WI) today sent a letter to Kim Garland, the CEO of mortgage insurer United Guaranty Corporation, urging him to reconsider the company’s policies that are limiting or preventing homeowners from being able to refinance at today’s record low rates

Mendham RLS Realtors Office Hires New Broker-Manager

MENDHAM, N.J. - March 22, 2012 - (RealEstateRama) -- RLS Realtors, Real Living®, a full-service brokerage offering real estate, relocation, mortgage and title services in Morris and Somerset Counties, today announces Sarah “Sally” Smith has been hired as the Mendham office’s new

Garrett Chairs Hearing to Examine Private Mortgage Market Investment Act

WASHINGTON, DC - December 8, 2011 - (RealEstateRama) -- Rep. Scott Garrett (R-NJ), Chairman of the Financial Services Subcommittee on Capital Markets and Government-Sponsored Enterprises, delivered the following opening statement today at a hearing to review legislation to reform the secondary mortgage market:

New Jersey Leads Nation in Highest Average Mortgage Down Payment According to LendingTree.com

Charlotte, NC - December 8, 2011 - (RealEstateRama) -- With the housing market continuing to struggle and fewer consumers being able to purchase a new home or apartment, LendingTree.com, the nation’s leading online lender exchange and personal finance resource, today released data highlighting the average down payments on residential real estate purchases for all 50 states and Washington D.C. New Jersey leads the country with the highest average down payment of 13.76%. The state with the lowest average down payment is North Dakota, where buyers put down an average of 11.37%.

Westfield Lawyer Charged with Stealing $189,660 in Real Estate Closing Funds Entrusted to Him...

TRENTON, NJ - November 14, 2011 - (RealEstateRama) -- Attorney General Paula T. Dow and Criminal Justice Director Stephen J. Taylor announced that a lawyer from Westfield was indicted today on charges that he stole $189,660 in closing funds related to a home sale that were entrusted to him as the settlement agent.

Garrett Unveils Proposal to Reform Secondary Mortgage Market

WASHINGTON, DC - October 28, 2011 - (RealEstateRama) -- Rep. Scott Garrett (R-NJ), Chairman of the Financial Services Subcommittee on Capital Markets and Government-Sponsored Enterprises, today unveiled his proposal to reform the secondary mortgage market to ensure robust private investment in the U.S. mortgage market without a government guarantee.

Hantman joins Continental Home Loans Inc. in southern NJ

WOODBURY, N.J. - October 13, 2011 - (RealEstateRama) -- Nicole Hantman of Marlton, New Jersey has recently joined Continental Home Loans, Inc as its new Relationship Manager for the New Jersey market. With more than 20 years experience in the real estate, mortgage and homebuilding industries, Hantman has specialized in building new business relationships with home builders and associated members throughout the New Jersey and Philadelphia area. In her new role, Hantman will focus on expanding the company’s business relationships with home builders, developers and remodelers within southern New Jersey.

Popular Government & Nonprofit Press Releases

Lautenberg Announces Millions in New Funding for Housing in New Jersey

WASHINGTON, D.C. - March 18, 2009 - (RealEstateRama) — Today, Senator Frank R. Lautenberg (D-NJ) announced millions of dollars in new funding for New Jersey’s public housing authorities to rehabilitate and modernize public housing units in New Jersey. The capital improvement money was included in the American Recovery and Reinvestment Act signed into law by President Obama.

Recent Government & Nonprofit Press Releases

Flame Cut Steel Establishes New Home in Irvington

When Ramesh Nuthi was looking for a permanent location for his manufacturing business in 2015, he turned to the New Jersey Economic Development Authority (EDA) for support. With just over $645,000 in EDA direct loan funds in hand, Nuthi was able to establish Flame Cut Steel’s new home in an 18,291-square-foot facility in Irvington and purchase new machinery to help expand the company’s services