Mortgage

Mortgage

Mayor Peduto, Urban Redevelopment Authority and Habitat for Humanity of Greater Pittsburgh To Launch...

The City of Pittsburgh, Urban Redevelopment Authority (URA) and Habitat for Humanity of Greater Pittsburgh (HFHGP) have collaborated to offer a first time Veterans Homeownership Initiative (VHI). The VHI will offer mortgages to veterans who want to become homeowners, including homeless and disabled veterans in the City of Pittsburgh. Mortgage loans

Superior Court of Pennsylvania Upholds Trial Court’s Grant of Summary Judgment

MERSCORP Holdings, Inc. today announced that the Superior Court of Pennsylvania affirmed the trial court’s order granting summary judgment in MERS’ favor

Hunt Mortgage Group Refinances a Multifamily Property Located in Bala, Cynwyd, Pennsylvania

Hunt Mortgage Group, a commercial real estate lender, announced today that it has provided a $4.6 million Freddie Mac conventional loan facility to refinance a multifamily property located in Bala Cynwyd, Pennsylvania

Pennsylvania Court of Common Pleas Grants MERS Motion for Summary Judgment

MERSCORP Holdings, Inc. today announced that the Court of Common Pleas of Lackawanna County, Pennsylvania dismissed a quiet title lawsuit affirming the validity of the mortgage with Mortgage Electronic Registration Systems, Inc. (MERS) as the mortgagee and recognizing MERS’ standing to defend its interest in the mortgage

PHFA recognizes its top lending partners

The Pennsylvania Housing Finance Agency honored its top lending partners for 2014 during its annual homeownership awards event today at its headquarters. These lending partners play a key role in assisting homebuyers throughout the state in the application, processing, and closing of PHFA loans

Fattah Announces $1.3 Million in Housing Counseling Grants

Congressman Chaka Fattah (PA-02) announced today that the Pennsylvania Housing Finance Agency (PHFA) will receive $915,324 from the U.S. Department of Housing and Urban Development (HUD) for counseling services.

Bucks County Real Estate Investor Arrested On Fraud Charges

Dean Rossi, 49, of Warrington, PA, was arrested today in connection with an alleged mortgage fraud scheme, announced United States Attorney Zane David Memeger.

Continuing education classes being offered during PHFA’s 2015 Housing Forum

The Pennsylvania Housing Finance Agency is offering continuing education classes for real estate agents and mortgage bankers in conjunction with the 2015 Commonwealth Housing Forum, to be held May 7, at Temple University’s satellite campus at Strawberry Square in Harrisburg. The classes are open to the public, but, space is limited. To register, please visit PHFA’s Forum webpage and click on “CE Credit” in the red header bar. The deadline to sign up for the classes is April 17.

Pennsylvania Department of Banking and Securities Earns Bank, Mortgage Supervision Reaccreditations

The Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR) announced today that the Pennsylvania Department of Banking and Securities has received certificates of accreditation, certifying that the Department maintains the highest standards and practices in state banking supervision, as set forth by the CSBS Bank Accreditation Program, and mortgage supervision, as set forth by the AARMR/CSBS Mortgage Accreditation Program

Pennsylvania Home Builder Settles FTC Charges of Deceptive Mortgage Advertising

A Pennsylvania-based home builder that offers home financing has settled Federal Trade Commission charges that it deceived consumers by advertising low-cost mortgages while hiding fees and not disclosing vital information about the true cost of the mortgages. “These defendants tricked consumers into believing they’d found an affordable mortgage with very favorable terms,” said Jessica Rich, Director of the FTC’s Bureau of Consumer Protection. “The FTC is committed to holding mortgage advertisers accountable.

PHFA announces foreclosure help for homeowners in Westmoreland County

HARRISBURG - September 30, 2013 - (RealEstateRama) -- The Pennsylvania Housing Finance Agency, in collaboration with the American Society of Certified Housing Executives (ASCHE) and the National Real Estate Training Institute (NREI), today announces a day-long event for Westmoreland County residents in danger of losing their home or struggling with their mortgage. This special event will be held Oct. 10 at the Ramada Greensburg Hotel and Conference Center, 100 Ramada Inn Drive, Greensburg, from 7:00 a.m. to 7:00 p.m

Obama Signs Fitzpatrick Reverse Mortgage BILL

WASHINGTON, D.C. - August 12, 2013 - (RealEstateRama) -- Congressman Mike Fitzpatrick (PA-8) joined President Obama in the Oval Office Friday for the signing of Fitzpatrick’s Reverse Mortgage Stabilization Act [HR 2167] into law.

Fitzpatrick Reverse Mortgage Bill Headed to President’s Desk

WASHINGTON, D.C. - July 31, 2013 - (RealEstateRama) -- Congressman Mike Fitzpatrick (PA-8) released the following statement following the Senate’s passage of his Reverse Mortgage Stabilization Act of 2013

PHFA announces $19.5 million in tax credits and $81 million in tax exempt financing...

HARRISBURG - July 12, 2013 - (RealEstateRama) -- The board of the Pennsylvania Housing Finance Agency today approved $19.5 million in tax credits for the construction of affordable multifamily housing developments located in suburban and rural areas of Pennsylvania. PHFA has also provided more than $81 million in tax exempt volume cap funding this year, to date, for the new construction and preservation of six developments in the Commonwealth.

Fitzpatrick Helps Seniors Keep Homes Through Retirement

WASHINGTON, D.C. - June 13, 2013 - (RealEstateRama) -- The Reverse Mortgage Stabilization Act of 2013 [HR 2167] – introduced by Congressman Mike Fitzpatrick (PA-8) and Congressman Denny Heck (WA-10) – passed the House Wednesday by a voice vote.

PHFA honors its best – performing lending partners

HARRISBURG - March 19, 2013 - (RealEstateRama) -- The Pennsylvania Housing Finance Agency held its annual homeownership program awards event today at its headquarters to honor its top lenders for the year 2012. These lenders assist homebuyers throughout the state in the application, processing, and closing of PHFA mortgage loans.

Proposed settlement in unfair mortgage practices case

HARRISBURG - February 1, 2013 - (RealEstateRama) -- Pennsylvania Attorney General Kathleen G. Kane today announced that her office, along with 45 other Attorneys General and the District of Columbia, have reached a $120 million multi-state settlement with Lender Processing Services, Inc. and its subsidiaries, LPS Default Solutions and DocX. The proposed settlement resolves allegations that the Jacksonville-based company, which primarily provides technological support to banks and mortgage loan servicers, ?robo-signed? documents and engaged in other improper practices related to mortgage loan default servicing

Federal Jury Finds Mortgage Broker Guilty in $100 Million Fraudulent Loans Scheme

PITTSBURGH - January 30, 2013 - (RealEstateRama) -- After deliberating for three hours, a federal jury of five men and seven women found Lewis Whoolery guilty of wire fraud conspiracy, United States Attorney David J. Hickton announced today.

Attorney Pleads Guilty in Mortgage Fraud Scheme

PITTSBURGH - January 29, 2013 - (RealEstateRama) -- An attorney pleaded guilty in federal court to charges of wire fraud, filing false income tax returns, and failing to file income tax returns, United States Attorney David J. Hickton announced today.

Endorse funding the National Housing Trust Fund by supporting reforms to mortgage interest deduction

January 18, 2012 - (RealEstateRama) -- The National Low Income Housing Coalition proposes to modify the current mortgage interest tax break by reducing the size of a mortgage eligible for a tax break to $500,000, and to convert the deduction to a 15-20% non-refundable tax credit

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PHA To Use On-line Housing Applications For First Time

Philadelphia, PA - March 2, 2010 - (RealEstateRama) -- The Philadelphia Housing Authority announced today it would begin accepting applications for the Housing Choice Voucher Program on-line, through its Web site, pha.phila.gov.

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Governor Wolf Joins Philadelphia Officials for Funding Announcement on I-95

Governor Tom Wolf today joined PennDOT Secretary Leslie S. Richards, Mayor Jim Kenney and Janet Haas of the William Penn Foundation for a funding announcement and update on the future reconstruction of Interstate 95 in the city.