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MANASQUAN OFFICE OF REAL ESTATE MORTGAGE NETWORK, INC., RELOCATES TO TOMS RIVER, NEW JERSEY

Toms River, NJ - October 4, 2011 - (RealEstateRama) -- Veteran New Jersey real estate industry executive, Peter Tront, is happy to announce that he has successfully relocated his branch of the Real Estate Mortgage Network, Inc. (REMN), from Manasquan, NJ, to the nearby town of Toms River. With this new location in the heart of Ocean County, Tront and his team will be able to better serve the mortgage needs of new and existing home owners in the Ocean County region.

New Jersey Division of Consumer Affairs Takes Action Against Seven Illegal “Mortgage Loan Modification”...

NEWARK, NJ - August 3, 2011 - (RealEstateRama) -- Continuing the State’s on-going efforts to thwart fraudulent “mortgage loan modification” enterprises, Attorney General Paula T. Dow and the State Division of Consumer Affairs filed administrative actions against seven businesses for illegally offering mortgage modification services to homeowners in dire financial straits. State law requires that anyone providing these services in New Jersey be licensed as a Debt Adjuster by the Department of Banking and Insurance, or be otherwise authorized.

Senators Urge OCC to Work with State Attorneys General, DOJ, and HUD to Hold...

WASHINGTON, DC - June 17, 2011 - (RealEstateRama) -- Today, a dozen U.S. Senators sent a letter to the Office of the Comptroller of the Currency (OCC) urging the agency to work with State Attorneys General, the U.S. Department of Justice (DOJ), and the U.S. Department of Housing and Urban Development (HUD) to hold mortgage servicers accountable for deficient servicing procedures and improperly foreclosing on homeowners and to develop a comprehensive solution to fix the broken foreclosure process.

DCA & HMFA Remind Homebuyers About “The Road Home New Jersey” Website

TRENTON, N.J. - June 16, 2011 - (RealEstateRama) -- New Jersey Department of Community Affairs (DCA) Commissioner Lori Grifa and New Jersey Housing and Mortgage Finance Agency (HMFA) Executive Director Anthony Marchetta today urged prospective homebuyers to take advantage of The Road Home New Jersey, a new consumer education tool that will help guide them in the home buying process

Lautenberg, Menendez Announce Launch of Long-Awaited Program to Keep New Jersey Families in their...

NEWARK, NJ - May 10, 2011 - (RealEstateRama) -- U.S. Sens. Frank R. Lautenberg (D-NJ) and Robert Menendez (D-NJ) were very pleased today to announce that the New Jersey HomeKeeper program, which is federally-funded and state-administered, is launching on a statewide basis, after a successful two-month pilot period.

Christie Administration Launches New Foreclosure Prevention Initiative

TRENTON, N.J. - May 9, 2011 - (RealEstateRama) -- The Christie Administration announced today the launch of the New Jersey HomeKeeper Program, a foreclosure prevention initiative that will assist New Jersey homeowners who have a track record of making their mortgage payments on time but are now at risk of losing their homes to foreclosure as a direct result of unemployment or underemployment.

Six Men Indicted for Conspiring to Obtain More Than $2.6 Million in Home Loans...

TRENTON, NJ - April 121, 2011 - (RealEstateRama) -- Attorney General Paula T. Dow and Criminal Justice Director Stephen J. Taylor announced that six men were indicted today on charges that they stole more than $2.6 million from lenders by filing fraudulent mortgage loan applications.

NJ Home Inspector on negotiating needed repairs prior to closing

Manasquan, NJ - April 11, 2011 - (RealEstateRama) -- Well, now you have in your hands an inspection report listing material defects, maintenance recommendations and reams of information items. As a buyer, what is your next step? If your inspector was worth their salt, you will understand the issues clearly after reading the report. If not, you probably called your real estate agent to interpret the report for you, and he or she may be equally confused. Remember, it is not the agent's responsibility to decide for you what inspection items are important, however they can be a real help in knowing the mindset of the particular seller and what they are likely to do.

DCA & HMFA Launch Consumer Education Initiative for Start of Homebuying Season

TRENTON, N.J. - April 7, 2011 - (RealEstateRama) -- To coincide with the traditional start of home buying season, the New Jersey Department of Community Affairs (DCA) and New Jersey Housing and Mortgage Finance Agency (HMFA) today launched The Road Home New Jersey, an education initiative that prospective first-time homebuyers can use to navigate the road to affordable home ownership

Department Proposes Waiver Guidelines to Increase Availability of Mortgage Guaranty Insurance by Financially Sound...

TRENTON, NJ - March 15, 2011 - (RealEstateRama) -- The New Jersey Department of Banking and Insurance has proposed regulations that will temporarily allow financially healthy companies offering mortgage guaranty insurance, which covers lenders for losses if a borrower defaults on a mortgage loan, to seek a waiver of some financial requirements. Granting that waiver will ensure the continued widespread availability of mortgage guaranty insurance, also known as private mortgage insurance (PMI), which is generally required for prospective home buyers who make less than a 20 percent down payment when purchasing their home, and will help stimulate the housing market.

National Consumer Protection Week Announcement # 7:

NEWARK, NJ - March 9, 2011 - (RealEstateRama) -- The Office of the Attorney General and State Division of Consumer Affairs this week filed administrative actions against 11 unlicensed businesses offering “mortgage loan modification” services for homeowners in dire financial straits. State law requires that anyone providing these services in New Jersey be licensed as a Debt Adjuster by the Department of Banking and Insurance, or be otherwise authorized

Purely Private Mortgage Finance Market Is Achievable

WASHINGTON, DC - March 1, 2011 - (RealEstateRama) -- Rep. Scott Garrett (R-NJ), Chairman of the House Financial Services Subcommittee on Capital Markets and Government-Sponsored Enterprises, delivered the following opening statement today at a hearing to examine the Obama administration report on mortgage finance reform:

DCA & HMFA Celebrate the Grand Opening of Affordable Senior Housing in Cape May...

LOWER TOWNSHIP, N.J. - February 8, 2011 - (RealEstateRama) -- Representatives of the New Jersey Housing and Mortgage Finance Agency (HMFA) today joined local officials to celebrate the completion of Conifer Village, an affordable senior housing community located at 3805 Bayshore Road in Lower Township, Cape May County. The HMFA, an affiliate of the New Jersey Department of Community Affairs (DCA), provided $1.4 million in permanent financing for the project and also awarded federal tax credits and tax credit subsidies.

DCA & HMFA Celebrate the Grand Opening of Affordable Housing Community in Woodstown, Salem...

WOODSTOWN, N.J. - January 28, 2011 - (RealEstateRama) -- Representatives of the New Jersey Housing and Mortgage Finance Agency (HMFA) joined local officials today to celebrate the completion of Freedom Village, an affordable housing community located on Woodstown-Alloway Road in Woodstown. The HMFA, an affiliate of the New Jersey Department of Community Affairs (DCA), provided $2 million in permanent financing to the project from the Special Needs Housing Trust Fund and also awarded federal tax credits and tax credit subsidies. The DCA committed housing vouchers from the State Rental Assistance Program to assist with the project’s operations.

Employee of Essex County Division of Welfare Sentenced for Falsifying Employment Records to Obtain...

TRENTON, NJ - January 24, 2011 - (RealEstateRama) -- Attorney General Paula T. Dow and Criminal Justice Director Stephen J. Taylor announced that a former employee of the Essex County Division of Welfare was sentenced today for falsifying employment records in order to qualify for a $357,050 loan to buy a home in Newark

Woman Sentenced to Prison for Million-Dollar Mortgage and Credit Card Fraud Scheme in Bergen...

TRENTON, NJ - November 19, 2010 - (RealEstateRama) -- Attorney General Paula T. Dow and Criminal Justice Director Stephen J. Taylor announced that a woman was sentenced to state prison today in connection with a million-dollar mortgage and credit card scheme she and others conducted in Bergen County.

Employee of Essex County Division of Welfare Pleads Guilty to Falsifying Employment Records to...

TRENTON, NJ - November 19, 2010 - (RealEstateRama) -- Attorney General Paula T. Dow and Criminal Justice Director Stephen J. Taylor announced that an employee of the Essex County Division of Welfare pleaded guilty today to falsifying employment records in order to qualify for a $357,050 loan to buy a home in Newark

CHAIRMAN OF SENATE HOUSING SUBCOMMITTEE AND 16 COLLEAGUES URGE TREASURY TO IMPROVE FORECLOSURE PREVENTION...

WASHINGTON, DC - November 18, 2010 - (RealEstateRama) -- A group of 17 U.S. Senators, led by Senator Robert Menendez (D-NJ), are urging Treasury Secretary Timothy Geithner to make a series of alterations to the federal foreclosure prevention program so that more responsible but struggling homeowners can modify their mortgages. Menendez, who chairs the Senate Banking Subcommittee on Housing, Transportation and Community Development, and his colleagues wrote Geithner to express concern over the slow pace of mortgage modifications and the reluctance of some banks to cooperate in the Home Affordable Modification Program (HAMP). They suggested specific changes to the program, including

Medford Senior Housing Project Dedicated in Medford Township

MEDFORD TWP., N.J. - October 26, 2010 - (RealEstateRama) -- Representatives from the New Jersey Housing and Mortgage Finance Agency (HMFA) today joined local officials to celebrate the completion of 36-unit affordable senior apartments. Medford Senior Housing is a housing development located at 8 Jones Road in Medford Township. The HMFA, an affiliate of the Department of Community Affairs, provided the mortgage and tax credit funding for the project.

Attorney General Announces Settlement of Fraud Case with Mortgage Rescue Firms; Principal Defendant Agrees...

TRENTON, NJ - October 20, 2010 - (RealEstateRama) -- Attorney General Paula T. Dow announced today that the owner of several New Jersey loan modification companies has agreed to pay the state $805,000 and stay out of the foreclosure rescue business to resolve allegations he defrauded struggling homeowners who sought help in staving off foreclosure.

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

Pascrell Announces $1.1M Federal Grant for Superstorm Sandy Recovery

U.S. Representative Bill Pascrell, Jr. (D-NJ-09) announced the awarding of a $1,162,364 Federal Emergency Management Agency grant to New Jersey which will be used to restore Passaic Valley Sewerage Commission (PVSC) property damaged by Hurricane Sandy.