Laws
First of its Kind Program Aims to Drastically Reduce North Carolina Foreclosure Actions
August 19, 2008 Posted by North Carolina Real Estate
Raleigh, NC - August 18, 2008 - (RealEstateRama) — Raleigh - Gov. Mike Easley has signed into law legislation that he expects will reduce home foreclosure filings due to the sub-prime mortgage crisis during the next two years. The governor’s “Emergency Foreclosure Reduction Program” could keep more than 25,000 working families in their homes and […]
Attorney General McGraw Sues Countrywide for Inducing Consumers to Take Out Loans They Couldn’t Afford
August 19, 2008 Posted by West Virginia Real Estate
Charleston, WV - August 12, 2008 - (RealEstateRama) — Attorney General Darrell McGraw filed suit today against Countrywide Financial Corporation, Countrywide Home Loans, Inc., Countrywide Home Loans Servicing, LP, Full Spectrum Lending, Inc. and Angelo R. Mozilo, individually and as CEO of Countrywide Financial Corporation.
State takes enforcement action against four mortgage brokers
August 19, 2008 Posted by Oregon Real Estate
Cases involve unethical behavior, falsified loan documents, training requirements
Salem, OR - August 19, 2008 - (RealEstateRama) — In its continuing effort to strengthen enforcement in the mortgage lending industry, the Oregon Department of Consumer and Business Services issued cease-and-desist orders and fines against four mortgage companies for violating Oregon’s mortgage lending laws.
Cuomo announces agreement with Western NY real estate management company for violating fair housing laws
August 19, 2008 Posted by New York Real Estate
BUFFALO, N.Y. - August 4, 2008 - (RealEstateRama) — Attorney General Andrew M. Cuomo today announced his office has stopped a Western New York real estate management company from denying housing to potential tenants because they receive government housing subsidies, including Section 8.
NH Senator supports bill to help people stay in homes, stem foreclosure rates, provide stability to the financial markets and restore confidence in the nation’s economy
August 17, 2008 Posted by New Hampshire Real Estate
WASHINGTON - July 26, 2008 - (RealEstateRama) — United States Senator Judd Gregg (R-NH), Ranking Member of the U.S. Senate Budget Committee, today applauded Senate passage of the Foreclosure Prevention Act of 2008 (H.R. 3221) to help stabilize and revitalize the nation’s ailing housing sector and financial markets while helping homeowners avoid mortgage delinquencies and […]
New Law Will Aid Nevada Families Caught in Mortgage Crunch
August 16, 2008 Posted by Nevada Real Estate
Washington D.C. - July 30, 2008 - (RealEstateRama) — President Bush today signed legislation supported by Congresswoman Shelley Berkley that will help address the nation’s mortgage crisis. The new law will aid Nevadans facing the loss of their home, help prevent additional foreclosures, and deliver incentives designed to get empty homes off the market and […]
Four Arrested In Ne Texas Probe Involving Broad Mortgage Fraud Scheme
August 14, 2008 Posted by Texas Real Estate
Defendants held on $5 million bond in four-county scheme to defraud government
Kaufman, TX – August 11, 2008 - (RealEstateRama) — Three previously indicted defendants operating a Navarro County mortgage scam were arrested Thursday by Texas Attorney General Greg Abbott’s investigators and other authorities. The arrests tie to new but related charges stemming from their more […]
PRESIDENT OF REAL ESTATE INVESTMENT FIRM SENTENCED TO 135 MONTHS IN PRISON FOR $22 MILLION FRAUD SCHEME
August 14, 2008 Posted by New York Real Estate
New York, NY - August 7, 2008 - (RealEstateRama) — MICHAEL J. GARCIA, the United States Attorney for the Southern District of New York, announced that WILSON JAMES BASTON, JR. was sentenced today by the Honorable HAROLD BAER, JR., to 135 months in prison.
Federal housing bill benefits Vermonters
August 11, 2008 Posted by Vermont Real Estate
BURLINGTON, VT - Aug 10, 2008 - (RealEstateRama) — New federal housing legislation signed into law by President Bush this morning is a major step forward for Vermonters and the nation, according to VHFA Executive Director Sarah Carpenter, but the work isn’t finished yet.
Bayh-Hill Property Tax Relief Legislation Set To Become Law
August 4, 2008 Posted by Indiana Real Estate
President Bush will sign measure as part of housing bill;
up to one million Hoosier homeowners eligible for new deduction
Washington, DC - August 4, 2008 - (RealEstateRama) — Congress tomorrow morning is expected to send to President Bush for his signature federal property tax relief legislation authored by Senator Evan Bayh and Congressman Baron Hill. Saturday’s expected final […]
