Mortgage
Specter Introduces Foreclosure Prevention Legislation
November 18, 2008 Posted by Pennsylvania Real Estate
Washington, D.C. - November 17, 2008 - (RealEstateRama) – U.S. Senator Arlen Specter (R-PA), Ranking Member of the Senate Judiciary Committee, today introduced the Foreclosure Diversion and Residential Mortgage Loan Modification Act of 2008.
Senator Specter’s bill would create a foreclosure evaluation office within the Department of the Treasury that would coordinate and assist foreclosure prevention […]
FREE Online Training Program on Mortgage Foreclosure
September 14, 2008 Posted by Pennsylvania Real Estate
Glenside, PA - September 14, 2008 - (RealEstateRama) — The Federal Reserve Bank of Cleveland and NeighborWorks America, Great Lakes District are pleased to inform you of a practical, convenient opportunity to learn more about mortgage foreclosure. Available only until December 31, 2008, this training course addresses issues confronting many communities throughout the United States.
Attorney General Corbett announces $2.3 million consumer protection judgment in Pittsburgh area real estate and mortgage fraud case
September 11, 2008 Posted by Pennsylvania Real Estate
HARRISBURG, PA - September 11, 2008 - (RealEstateRama) — Attorney General Tom Corbett today announced a court-ordered judgment totaling more than $2.3 million in a consumer protection lawsuit that was filed against a Pittsburgh area man accused of orchestrating a multi-million dollar mortgage and real estate scheme in Allegheny, Beaver and Butler counties.
Congressman Dent rejects bailout and “blank check” for government-sponsored mortgage enterprises
July 26, 2008 Posted by Pennsylvania Real Estate
WASHINGTON, D.C., June 12, 2008 (RealEstateRama) - U.S. Rep. Charlie Dent today voted against bail out legislation that would have given Fannie Mae and Freddie Mac, two government-sponsored enterprises responsible for buying and selling mortgages, a blank check to relieve their financial difficulties.
Attorney General Corbett announces lawsuit against nine individuals involved in $40 million mortgage & investment “ponzi” scheme
May 26, 2008 Posted by Pennsylvania Real Estate
HARRISBURG - May 23, 2008 - Attorney General Tom Corbett today announced the filing of a consumer protection lawsuit against nine individuals who were allegedly involved in a wide-reaching mortgage and investment “ponzi” scheme that collapsed in the fall of 2007, resulting in nearly $40 million in losses for more than 700 consumers throughout south […]
Fulton Mortgage Company helps families who were defrauded
May 7, 2008 Posted by Pennsylvania Real Estate
U.S. Senators Bob Casey (D-PA) and Arlen Specter (R-PA) and Congressman Tim Holden (D-PA) today sent a letter commending Fulton Mortgage Company’s work on a proposal that would provide affordable and reasonable mortgage refinancing options to the 811 families throughout Central and Eastern Pennsylvania who were defrauded by a mortgage Ponzi scheme.
FHA Loan Limit Increase to Benefit Consumers
April 23, 2008 Posted by Pennsylvania Real Estate
Harrisburg, PA – April 8, 2008 – With all of the challenges consumers are facing in today’s housing market, there is some good news. The loan limits for FHA products have been temporarily increased nationwide, which will allow more borrowers to experience the benefits and protections afforded by FHA loans. The non-profit Pennsylvania […]
Tips on Refinancing
April 23, 2008 Posted by Pennsylvania Real Estate
Harrisburg, PA – February 20, 2008 – The downturn in the housing market has led the Federal Reserve to cut interest rates to their lowest point in recent history. Before taking advantage of the current mortgage rates the Pennsylvania Association of Mortgage Brokers (PAMB) recommends that consumers meet with a licensed mortgage professional to discuss […]
Senate Passes Mortgage Reform Package
March 12, 2008 Posted by Pennsylvania Real Estate
Harrisburg, March 12, 2008 — A package of bills to protect future mortgage borrowers was sent to the House of Representatives with overwhelming passage in the state Senate.
PAMB Offers Homeowners Tips to Prepare for Upcoming Tax Season
January 29, 2008 Posted by Pennsylvania Real Estate
Harrisburg, PA - January 21, 2008 - With the New Year upon us people are likely gathering their tax documents and scheduling an appointment with their accountant to have their tax return completed. As consumers prepare for this process, the Pennsylvania Association of Mortgage Brokers (PAMB) encourages everyone to make sure they take all mortgage-related deductions they […]