Archives

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.

Pittsburgh, PA - July 27, 2010 - (RealEstateRama) -- Acting United States Attorney Robert S. Cessar announced today, July 27, 2010, that Mark Hipsley of Pittsburgh, Pennsylvania, has been indicted by a federal grand jury in Pittsburgh,

Washington, DC - June 25, 2010 - (RealEstateRama) -- Congressman Chaka Fattah (D-PA) is thanking his colleagues for their diligence in working to ensure the nation’s unemployed are able to remain in their homes.

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.

PHILADELPHIA, PA - June 17, 2010 - (RealEstateRama) -- Following an announcement today by Attorney General Eric Holder in Washington, D.C., representatives of the Financial Fraud Enforcement Task Force in Philadelphia, including the U.S. Attorney’s Office, Housing and Urban Development,

WASHINGTON, DC - May 21, 2010 - (RealEstateRama) -- A major $3 billion mortgage relief provision authored by Rep. Chaka Fattah (D., Pa) is included in the Wall Street and Consumer Protections Act approved Thursday by the Senate.

MILFORD, CT - May 10, 2010 - (RealEstateRama) -- Total Mortgage Services, LLC, a leading mortgage lender and broker announced that it received its state of Pennsylvania Mortgage Lender License from the Pennsylvania Department of Banking and can now originate residential mortgage loans throughout Pennsylvania.

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.

WASHINGTON D.C - March 25, 2010 - (RealEstateRama) -- Congressman Chaka Fattah (D-PA), author of major legislation to provide emergency mortgage assistance to unemployed homeowners who face foreclosure, praised steps by major banks in recent days to aid homeowners with “underwater” and distressed mortgages.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.