Archives
Casey, Fattah Highlight Benefits of New Emergency Mortgage Relief Law
PHILADELPHIA, PA - August 18, 2010 - (RealEstateRama) -- Homeowners who have lost their jobs and face foreclosure will benefit from the new $1 billion emergency mortgage relief program scheduled to go into effect by Oct. 1, Senator Bob Casey (D-PA) and Congressman Chaka Fattah (D-PA) announced today.
Urban Caucus Chair Applauds Administration on $5.1 Billion to America’s Unemployed Homeowners
Washington, DC. - August 12, 2010 - (RealEstateRama) -- “For eight years, I have been actively pursuing legislation on behalf of America’s unemployed to help stave off foreclosure. Now, thanks to the Administration, House Financial Services Committee Chairman Barney Frank and Committee members Representatives Maxine Waters and Paul Kanjorski more of the nation’s unemployed will be getting help.
Job Loss, Medical Bills Among Top Factors Contributing to Home Foreclosures in PA
LEMOYNE, PA - August 4, 2010 - (RealEstateRama) -- Job loss and unexpected medical bills are among the top factors contributing to home foreclosures...
Out-of-Work Homeowners Score a Major Victory With Rep. Fattah’s Plan in Financial Reform Bill
Washington, DC - July 15, 2010 - (RealEstateRama) -- The Emergency Homeowners’ Relief Fund is a significant provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act
Bucks County Mortgage Broker Pleads Guilty to Fraud Scheme that Resulted in Foreclosures
PHILADELPHIA, PA - June 21, 2010 - (RealEstateRama) -- Frank J. Dattilo, 64, of Holland, PA, pleaded guilty today to two counts of mail fraud in connection with a scheme to defraud mortgage lenders and enrich himself. Dattilo was the owner and operator of the mortgage brokerage firm Provident Financial Group (“PFG”), which was located in Bensalem, PA.
5 Million Homeowners Facing Foreclosure Get Help from New Legislation
Washington, DC - May 24, 2010 - (RealEstateRama) -- When the Senate passed the Wall Street Reform Act last week, it included a provision that offers a remedy to the 5.5 million homeowners facing foreclosure.
FHLBank Pittsburgh Makes $500,000 Grant to Help PHFA Fight Foreclosure
Pittsburgh, PA - April 19, 2010 - (RealEstateRama) -- The Federal Home Loan Bank (FHLBank) of Pittsburgh is contributing $500,000 to the Pennsylvania Housing Finance Agency (PHFA) to assist the Agency in its effort to help at-risk homeowners refinance their first mortgages to more affordable terms to avoid foreclosure.
Taylor Land Bank Plans Endorsed by National Housing Authority
Harrisburg, PA - March 12, 2010 - (RealEstateRama) -- As neighborhood deterioration continues to sweep through Pennsylvania’s urban areas, particularly in Philadelphia, a plan to fight blight proposed by Rep. John Taylor (R-Philadelphia) was endorsed last week by Dan Kildee, a leading national expert on land banking.
Attorney General Corbett announces distribution of $2.7 million in foreclosure relief to PA residents...
HARRISBURG, PA - February 17, 2010 - (RealEstateRama) -- Foreclosure relief checks totaling more than $2.7 million have been mailed to several hundred Pennsylvania consumers as part of a multi-state settlement with Countrywide Financial Corporation.
Five Indicted in Foreclosure Rescue and Mortgage Fraud Scheme
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 $2.7 million in foreclosure relief for more than 1,100 PA...
HARRISBURG, PA - July 24, 2009 - (RealEstateRama) -- Attorney General Tom Corbett today announced that more than 1,100 Pennsylvania consumers have been sent notification that they are eligible for mortgage foreclosure relief as part of a settlement with Countrywide Financial Corporation.
Avoiding Foreclosure Mitigation and Counseling Scams
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.
Will Get Down Payment Help; Affordable Housing; 3,000 New Jobs with $380 Million in...
STEELTON, PA - June 10, 2009 - (RealEstateRama) – Governor Edward G. Rendell today said 1,000 families will receive thousands of dollars to help make down payments on new homes, more than 5,000 families in dozens of communities across Pennsylvania will find affordable housing, and some 3,000 workers will have jobs with the award today of more than $380 million in federal economic recovery funds.
Congressman Sestak Votes for Bipartisan Compromise to Stem Foreclosures
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.
New Penn Report Says More Rental Housing Could Prevent Foreclosures
Glenside, PA - April 29, 2009 - (RealEstateRama) — Incentives to produce more quality rental housing could help stem the current housing crisis and promote long-term economic stability, according to a new study released today by the Fels Institute of Government and the Housing Alliance of Pennsylvania. Study author and Fels consultant John Kromer calls the lack of reasonable rental alternatives to homeownership a factor in the housing market collapse.
Rep. Dent hosts housing foreclosure seminar in Allentown, April 15
Washington, DC - April 8, 2009 - (RealEstateRama) — Congressman Dent will host “Weathering the Foreclosure Storm,” a housing foreclosure seminar, on Wednesday, April 15th from 6 p.m. to 8 p.m. in the Community Room at the Allentown Public Library, 1210 W. Hamilton Street in Allentown, Pennsylvania.
Congressman Sestak Votes for Bipartisan Compromise to Stem Foreclosures
WASHINGTON, D.C. - March 5, 2009 - (RealEstateRama) — To avoid an estimated 8.1 million additional homeowners from defaulting on their mortgages over the next four years—with potentially 5 million homes lost through foreclosure or short sales—Congressman Joe Sestak (PA-07) today voted for H.R. 1106, the Helping Families Save Their Homes Act, which passed by a vote of 234 to 191.
PA Median Home Sale Prices Remain Steady But Sales Are Down
HARRISBURG, PA - January 26, 2009 - (RealEstateRama) – The median home sale price is holding steady but sales are down in Pennsylvania, according to the latest statistics from the Pennsylvania Association of REALTORS® (PAR)
Civic Leaders Mobilize as ‘Relief Pitchers’ in Battle to Stop Foreclosures: Personal contact at...
Pittsburgh, PA, September 8, 2008 - (RealEstateRama) — More than 100 civic leaders across Greater Pittsburgh committed today to play a new role in...
Specter Introduces Foreclosure Prevention Legislation
Washington, D.C. - November 17, 2008 - (RealEstateRama) – U.S. Senator Arlen Specter (R-PA), Ranking Member of the Senate Judiciary Committee, today introduced the...
