Archives
DOBI Issues Cease and Desist Order Against Taylor, Bean & Whitaker Mortgage Corporation
TRENTON, NJ - August 7, 2009 - (RealEstateRama) -- The New Jersey Department of Banking and Insurance (DOBI) yesterday ordered Taylor, Bean and Whitaker Mortgage Corporation (TBW) to stop doing business in the state and began the process of revoking the company’s mortgage lending license.
Six Mortgage Industry Insiders Charged by FBI and IRS
NEWARK, NJ - July 27, 2009 - (RealEstateRama) -- FBI Special Agent In Charge Weysan Dun announced today the arrest of Daniel Verdia, Don Apolito, Jaye Miller, and Chrystal Paling (all on Tuesday, July 21), as well as the surrender of Robert Gorman and Philip Blanch (on Friday, July 24) -all in connection with a mortgage fraud scam operated out of an office in Hasbrouck Heights, New Jersey.
Attorney General Announces Mortgage Fraud Lawsuits
TRENTON, NJ - July 15, 2009 - (RealEstateRama) -- Continuing the State’s effort to combat mortgage-related fraud, Attorney General Anne Milgram announced today the filing of two new lawsuits charging a total of 10 individual and corporate defendants with selling bogus loan modification services to distressed homeowners.
Attorney General Announces Mortgage Fraud Indictments
TRENTON, NJ - June 30, 2009 - (RealEstateRama) – Attorney General Anne Milgram announced today the indictment of six people charged in three separate, unrelated mortgage fraud cases, including two women charged with spearheading a conspiracy to use stolen identities to obtain more than $1 million in unauthorized mortgages, lines of credit and credit cards.
Department of Banking and Insurance Announces Multistate Settlement with Taylor, Bean & Whitaker Mortgage...
Trenton, NJ - June 22, 2009 - (RealEstateRama) – The New Jersey Department of Banking and Insurance (DOBI) today announced a major multistate settlement with Taylor, Bean & Whitaker Mortgage Corporation (TBW) regarding its mortgage lending practices for so-called “nontraditional” loans made in 2006.
Montclair Man Pleads Guilty to $139 Million Scheme That Bankrupted New Jersey Mortgage Company
NEWARK, N.J. - June 11, 2009 - (RealEstateRama) – A Montclair man pleaded guilty today to mail and wire fraud and money laundering charges in connection with a $139 million fraud scheme that bankrupted Pine Brook-based U.S. Mortgage Corp. and its subsidiary, CU National Mortgage, LLC, Acting U.S. Attorney Ralph J. Marra, Jr. announced.
DCA & HMFA Welcome Glassboro to Live Where You Work Homebuyer Program
GLASSBORO, NJ - June 8, 2009 - (RealEstateRama) – Glassboro Mayor Leo J. McCabe today joined Department of Community Affairs (DCA) Commissioner Joseph Doria and New Jersey Housing and Mortgage Finance Agency (HMFA) Executive Director Marge Della Vecchia at Borough Hall at 1 South Main Street to announce that Glassboro is the newest member of the Live Where You Work Program. The borough is the 14th municipality to partner with HMFA on the program.
Mortgage broker bankruptcy hearing, creditors set
NEWARK, N.J. - March 18, 2009 - (RealEstateRama) — A federal bankruptcy court in New Jersey took two actions related to the U.S. Mortgage Corp. (known as CU National Mortgage) bankruptcy case: it appointed seven credit union representatives to an Unsecured Creditors' Committee and set a hearing date for May 11.
Attorney General Announces Three New Mortgage Fraud Complaints – Disbarred Lawyer, Son Sued for...
TRENTON, NJ - March 12, 2009 - (RealEstateRama) — Continuing the state’s attack on mortgage fraud, Attorney General Anne Milgram announced today the filing of three new fraud lawsuits charging a total of 14 individual and corporate defendants.
New Jersey REALTORS® Oppose Obama Plan to Slash Mortgage Interest Deduction
Edison, NJ - February 27, 2009 - (RealEstateRama) — The New Jersey Association of REALTORS® (NJAR®) today said President Obama's budget proposal to reduce the amount of mortgage tax deductibility for families earning over $250,000 will negatively impact housing and economic recovery efforts in high cost areas like New Jersey.
Monmouth County Man Sentenced to State Prison for $2.9 Million Mortgage and Investment Scams
TRENTON, NJ - February 20, 2009 - (RealEstateRama) — Attorney General Anne Milgram and Criminal Justice Director Deborah L. Gramiccioni announced that a Monmouth County man was sentenced to state prison today in connection with a series of mortgage and investment scams through which he stole approximately $2.9 million from victims.
New programs aimed at keeping families in their homes
Trenton, NJ - January 9, 2009 - (RealEstateRama) – To reduce foreclosures and further assist New Jersey homeowners at risk of losing their homes, Governor Jon S. Corzine today signed the Mortgage Stabilization and Relief Act into law. The legislation, (S-1599/A3506), which is another component of the Governor's Economic Assistance and Recovery Plan, establishes the Mortgage Stabilization Program and the Housing Assistance and Recovery Program.
Statewide Mortgage Foreclosure Mediation Program Launched
Trenton, NJ - January 9, 2009 - (RealEstateRama) – A new state-supported mortgage foreclosure mediation program is in place to help the thousands of New Jersey homeowners facing foreclosure throughout the state, Gov. Jon S. Corzine, Chief Justice Stuart Rabner and Attorney General Anne Milgram announced today.
SL GREEN/GRAMERCY VENTURE ANNOUNCES $230 MILLION SALE OF NEW JERSEY OFFICE PROPERTY OWNERSHIP INTEREST
New York, NY - December 8, 2008 - (RealEstateRama) – SL Green Realty Corp. (NYSE: SLG) and Gramercy Capital Corp. (NYSE: GKK) today announced...
A Look at Mortgage Options in Today’s Market
Edison, NJ - October 24, 2008 - (RealEstateRama) — Navigating through the often complex process of obtaining a home mortgage can seem to be...
Attorney General Sues Foreclosure Rescue Operations for Fraud and Racketeering
TRENTON, NJ - October 20, 2008 - (RealEstateRama) — Attorney General Anne Milgram today announced the filing of lawsuits charging a total of 37...
Monmouth County Man Pleads Guilty to First-Degree Money Laundering in $2.9 Million Mortgage and...
TRENTON, NJ - October 17, 2008 - (RealEstateRama) — Attorney General Anne Milgram announced that a Monmouth County man pleaded guilty today to first-degree...
NJAR® Statement on Legislative Reaction to Economic Crisis
Edison, NJ - October 11, 2008 - (RealEstateRama) — New Jersey Association of REALTORS® (NJAR®) Executive Vice President Jarrod Grasso issued the following statement...
Woman Pleads Guilty to Money Laundering for Assisting Boyfriend in $3 Million Mortgage and...
TRENTON - Attorney General Anne Milgram and Acting Criminal Justice Director Deborah Gramiccioni announced that a Monmouth County woman pleaded guilty to money laundering...
Attorney General Announces Mortgage Fraud Lawsuits
TRENTON -- Attorney General Anne Milgram filed mortgage fraud lawsuits against 36 defendants charging consumer fraud and civil racketeering by various mortgage brokers, real...
