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Fattah Asks Sen. Dodd to Add Mortgage Emergency Assistance to Senate Bill
March 15, 2010 Posted by Pennsylvania RealEstateRama
WASHINGTON, D.C. - March 15, 2010 - (RealEstateRama) — In a letter to Senate Banking Committee Chairman Chris Dodd (D-Conn.), Congressman Chaka Fattah (D-PA) asked that new Senate regulations on the financial services industry include Fattah’s mortgage relief provisions that are contained in H.R. 4173, the Wall Street and Consumer Protection Act of 2009.
Judge Sentences Pittsburgh Man to Five Years of Probation with Home Detention for Participating in Mortgage Fraud Scheme
February 22, 2010 Posted by Pennsylvania RealEstateRama
Pittsburgh, PA - February 16, 2010 - (RealEstateRama) — Acting United States Attorney Robert S. Cessar announced today, February 16, 2010, that Jason Jester, a resident of Pittsburgh, Pennsylvania, has been sentenced in federal court in Pittsburgh to five years of probation, including four months of home detention, on his conviction of wire fraud conspiracy in connection with a mortgage fraud scheme.
Mortgage Attorney Pleads Guilty in Fraud Scheme After Four Days of Trial
January 11, 2010 Posted by Pennsylvania RealEstateRama
Pittsburgh, PA - January 8, 2010 - (RealEstateRama) — Acting United States Attorney Robert S. Cessar announced today, January 8, 2010, that Robert Danenberg, a resident of Pittsburgh, Pennsylvania, pleaded guilty in federal court to a charge of Wire Fraud Conspiracy in connection with a mortgage fraud scheme.
Fattah Wins House Approval for Emergency Mortgage Relief Plan
December 14, 2009 Posted by Pennsylvania RealEstateRama
WASHINGTON, D.C. - December 11, 2009 - (RealEstateRama) — Congressman Chaka Fattah (D-PA)’s $3 billion Homeowners Emergency Mortgage Assistance – already a proven success at blocking foreclosures for unemployed Pennsylvanians – was approved today by the House of Representatives.
Fattah’s Emergency Mortgage Assistance Plan Close To House Passage
December 10, 2009 Posted by Pennsylvania RealEstateRama
WASHINGTON, D.C. - December 9, 2009 - (RealEstateRama) — A $3 billion emergency mortgage assistance program for unemployed homeowners – authored by Congressman Chaka Fattah (D-PA) and based on a successful Pennsylvania program that Fattah helped create as a young state legislator – is on the verge of passage in the House of Representatives.
Five Indicted in Foreclosure Rescue and Mortgage Fraud Scheme
December 9, 2009 Posted by Pennsylvania RealEstateRama
PHILADELPHIA, PA - December 8, 2009 - (RealEstateRama) — 15-count indictment was filed today against five defendants charged in a $14.6 million mortgage fraud scheme that resulted in at least 35 fraudulent mortgage loans, announced United States Attorney Michael L. Levy, Special Agent-in-Charge of the FBI Janice K. Fedarcyk, and Pennsylvania Secretary of Banking Steven Kaplan.
Attorney General Corbett announces lawsuits against four loan modification businesses accused of deceiving consumers about “mortgage rescues”
November 24, 2009 Posted by Pennsylvania RealEstateRama
HARRISBURG, PA - November 23, 2009 - (RealEstateRama) — Consumer protection lawsuits were filed today against four loan modification or “mortgage rescue” businesses, along with their officers, who are accused of deceiving Pennsylvania consumers seeking help modifying their mortgage loans.
Pennsylvania Department of Banking Accredited by CSBS and AARMR
November 23, 2009 Posted by Pennsylvania RealEstateRama
Washington, D.C. - November 19, 2009 - (RealEstateRama) — The Conference of State Bank Supervisors and the American Association of Residential Mortgage Regulators announced today that the Pennsylvania Department of Banking has achieved accreditation under the joint CSBS-AARMR Mortgage Supervision Accreditation Program.
Pennsylvania Banking Department Modernizes Mortgage Examination Processes
October 21, 2009 Posted by Pennsylvania RealEstateRama
Washington, DC - October 20, 2009 - (RealEstateRama) — The American Association of Residential Mortgage Regulators (AARMR) and the Conference of State Bank Supervisors (CSBS) announce another milestone in the modernization of state mortgage supervision as the Pennsylvania Department of Banking notified all licensed mortgage lenders on October 15 that the agency will be using sophisticated computer software to analyze loan level data as part of Pennsylvania’s examination program.
Banking Department Helps Set National Standards For State Mortgage Regulation
September 17, 2009 Posted by Pennsylvania RealEstateRama
HARRISBURG, PA - September 11, 2009 - (RealEstateRama) — Details of a new, national accreditation program for state mortgage regulators will be published in the Pennsylvania Bulletin on September 12, allowing for its adoption by other states.
Governor Rendell Signs Bills To Protect Homeowners From Mortgage Fraud
July 1, 2009 Posted by Pennsylvania RealEstateRama
HARRISBURG, PA - June 29, 2009 - (RealEstateRama) – Governor Edward G. Rendell today signed a pair of bills to combat mortgage fraud by strengthening communication between homeowners and their lenders and encouraging employees at mortgage companies to report illegal activity.
Avoiding Foreclosure Mitigation and Counseling Scams
June 25, 2009 Posted by Housing Alliance
Glenside, PA - June 25, 2009 - (RealEstateRama) - As the mortgage foreclosure crisis escalates, the scammers have found a lucrative new business: helping people avoid foreclosure, for a price.
PA Banking Department Announces Multi-State Settlement With TBW Mortgage Corporation
June 22, 2009 Posted by Pennsylvania RealEstateRama
HARRISBURG, Pa., - June 22, 2009 - (RealEstateRama) - Secretary of Banking Steve Kaplan announced today that Taylor, Bean & Whitaker Mortgage Corporation, or TBW, will modify loans for struggling homeowners and pay $9 million in fines as part of a settlement with Pennsylvania and 13 state mortgage regulators
Philadelphia Man Sentenced for Mortgage Fraud and Identity Theft
June 17, 2009 Posted by Pennsylvania RealEstateRama
PHILADELPHIA, PA June 16, 2009 - (RealEstateRama) - Mahn Huu Doan, a/k/a “Bruce Doan”, 40, of Philadelphia, was sentenced today to 151 months in prison for a massive mortgage fraud and identity theft scheme, announced United States Attorney Michael L. Levy. Doan, a self-described real estate investor, would purchase houses, using false or borrowed identities, using government insured loans which he secured using fraudulent information.
Congressman Sestak Votes for Bipartisan Compromise to Stem Foreclosures
May 23, 2009 Posted by Congressman Sestak
Washington, DC - May 21, 2009 - (RealEstateRama) — Congressman Joe Sestak (PA-07) helped the House pass, by a 367-54 margin, legislation to help Americans stay in their homes and to avoid many of the estimated 8.1 million additional defaults on mortgages predicted over the next four years when potentially 5 million homes could be lost through foreclosure or short sales.
