Archives

Washington, DC - April 12, 2013 - (RealEstateRama) -- Congressman Sires and twenty eight of his Colleagues in the House of Representatives sent a letter to President Obama, urging him to issue an executive order, directing the U.S. Department of Treasury to carry out the Hardest Hit Fund (HHF) and keep families in their homes

HADDON HEIGHTS, NJ - February 25, 2013 - (RealEstateRama) -- This week Congressman Rob Andrews announced that New Jersey residents have received $1.34 billion dollars in foreclosure relief so far from the largest mortgage abuse settlement in American history.

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.

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.

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.

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.

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.

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

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.

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

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

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

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

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.

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

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, 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

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:

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%.

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.