Mortgage
Former Mortgage Broker Sentenced for Felony Theft
January 29, 2010 Posted by Maryland RealEstateRama
BALTIMORE, MD - January 29, 2010 - (RealEstateRama) — Attorney General Douglas F. Gansler announced today that David Young Park, 43, the former president of Capital City Financial Group in Ellicott City, entered a plea of guilty to one count of felony theft in Baltimore County Circuit Court. Judge John J. Nagel, III sentenced Park to five years in jail with all but 18 months suspended. Park was also ordered to complete five years of supervised probation and make restitution to the victim in the amount of $116,556.
Chairwoman Mikulski Puts Funds in the Federal Checkbook to Fight Mortgage Fraud
December 10, 2009 Posted by Maryland RealEstateRama
WASHINGTON, D.C. - December 10, 2009 - (RealEstateRama) — U.S. Senator Barbara A. Mikulski (D-Md.), Chairwoman of the Commerce, Justice, Science and Related Agencies (CJS) Appropriations Subcommittee, today announced a critical step forward in putting funds in the federal checkbook to track down and prosecute perpetrators of mortgage fraud. The funds are included in the CJS Appropriations Bill, which was approved by a House-Senate Conference Committee as part of Congress’ Fiscal Year 2010 Consolidated Appropriations Bill.
Montgomery County Housing Fair and Financial Fitness Day Features Assistance for Homeowners and Renters; Space Still Available for Sponsors and Exhibitors
August 31, 2009 Posted by Maryland RealEstateRama
August 31, 2009 - (RealEstateRama) — The Montgomery County Department of Housing and Community Affairs (DHCA) and its dedicated community partners will host the Ninth Annual Montgomery County Housing Fair and Financial Fitness Day on Saturday, October 3, from 10 a.m. to 3 p.m. at the Bohrer Park Activity Center, Summit Hall Farm (next to Gaithersburg High School), 506 S. Frederick Avenue, Gaithersburg.
CARDIN, SNOWE ANNOUNCE BILL TO GUARANTEE QUALITY OF MORTGAGE SECURITIES
August 7, 2009 Posted by MacArthur Foundation
Bipartisan Bill Aims to Help Stabilize Battered Housing Market. WASHINGTON D.C. – U.S. Senators Benjamin L. Cardin (D-MD) and Olympia J. Snowe (R-Maine) today introduced legislation to increase the trustworthiness of the nation’s mortgage security market through the establishment of a Federal Board of Certification for mortgage securities
Statement on Administration Letter to Mortgage Companies
July 13, 2009 Posted by Maryland RealEstateRama
Washington, D.C. - July 13, 2009 - (RealEstateRama) — Today, Congressman Elijah E. Cummings (D-Md.) released the following statement in response to a letter from Treasury Secretary Timothy Geithner and Housing and Urban Development Secretary Shaun Donovan to 25 mortgage servicing firms urging the companies to ramp up their efforts to assist struggling homeowners
Cummings Statement on New Unemployment Numbers
July 6, 2009 Posted by Maryland RealEstateRama
Washington, D.C. - July 6, 2009 - (RealEstateRama) — Congressman Elijah E. Cummings (D-Md.), a member of the Joint Economic Committee, released the following statement in response to new figures from the Bureau of Labor Statistics showing the loss of an additional 467,000 jobs in June
Mikulski Applauds Senate Passage of Bill That Put Funds in the Federal Checkbook to Stop, Prosecute Mortgage Fraud
June 19, 2009 Posted by Maryland RealEstateRama
45 million to fight mortgage fraud included in the FY2009 supplemental funding bill. WASHINGTON, DC - June 19, 2009 - (RealEstateRama) — U.S. Senator Barbara A. Mikulski (D-Md.), chairwoman of the Commerce, Justice, Science Appropriations Subcommittee (CJS), today praised Senate approval of $45 million for the federal checkbook to uncover, prosecute, and punish those responsible for mortgage fraud. These funds were approved as part of the fiscal year 2009 supplemental funding bill and will be used by the Federal Bureau of Investigation (FBI) and the U.S. Attorneys Office to investigate and prosecute mortgage fraud, financial fraud and market manipulation. President Obama is expected to sign the bill into law in the coming days
Attorney General Settles with Vladislav Zagranichny and Community Mortgage Group
May 28, 2009 Posted by Maryland Attorney General
Company Used Attorney General Press Releases to Lure New Customers. BALTIMORE, MD - May 28, 2009 - (RealEstateRama) — Attorney General Douglas F. Gansler today announced that his Consumer Protection Division has reached a settlement with Vladislav Zagranichny and his company, Community Mortgage Group, Inc., regarding their alleged deceptive use of press releases issued by the Office of the Attorney General. The press releases at issue announced the settlements the Office had reached with Household Finance Corporation and Ameriquest Mortgage Company concerning their lending practices.
Five Charged in $70 Million “Dream Home” Mortgage Fraud Scheme
April 28, 2009 Posted by Maryland RealEstateRama
WASHINGTON, DC - April 27, 2009 - (RealEstateRama) — A federal grand jury has indicted four defendants, and an information has been filed against a fifth defendant, for their participation in a massive mortgage fraud scheme that allegedly promised to pay off homeowners’ mortgages on their “Dream Homes,” but left them to fend for themselves, Assistant Attorney General of the Criminal Division Lanny A. Breuer and U.S. Attorney for the District of Maryland Rod J. Rosenstein announced today.
Mikulski Outraged by Mortgage Fraud in Maryland
March 18, 2009 Posted by Maryland RealEstateRama
WASHINGTON, D.C. - March 18, 2009 - (RealEstateRama) — U.S. Senator Barbara A. Mikulski (D-Md.) chairwoman of the Commerce, Justice and Science Appropriations Subcommittee today expresses outrage over the recently released Mortgage Asset Research Institute’s annual report findings, which ranked Maryland fifth in the nation for mortgage fraud.
Free Foreclosure Prevention Workshop to be Held in Silver Spring; One-on-One Housing Counseling Provided
October 27, 2008 Posted by Maryland RealEstateRama
October 27, 2008 - (RealEstateRama) — Persons facing foreclosure and in need of assistance and anyone concerned about keeping their home are invited to attend a free Foreclosure Prevention Workshop to be held on November 8, from 10 a.m. to 2 p.m., at Sligo Middle School, 1401 Dennis Ave., Silver Spring.
Governor O’Malley Welcomes New Residents to Preston Place in Baltimore City
July 30, 2008 Posted by Maryland RealEstateRama
State of Maryland to provide mortgages and down payment assistance to community homebuyers
BALTIMORE, MD - July 28, 2008 - (RealEstateRama) – Governor Martin O’Malley joined Senator Barbara Mikulski, Baltimore City Mayor Sheila Dixon, Maryland Department of Housing and Community Development (DHCD) Secretary Raymond A. Skinner, and representatives from Baltimoreans United In Leadership Development (BUILD) and The […]
ENTERPRISE TESTIFIES ON FORECLOSURE CRISIS BEFORE SENATE COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS
February 8, 2008 Posted by Maryland RealEstateRama
(COLUMBIA, Md., January 31, 2008) – Doris W. Koo, president and chief executive officer of Enterprise Community Partners, testified today before the United States Senate Committee on Banking, Housing, and Urban Affairs.
Better Mortgage Bureau to Put ‘Consumer’ First
January 4, 2008 Posted by Maryland RealEstateRama
Organization now to be called ‘Consumer Mortgage Bureau’ in an effort to better align itself with company mission and core values.
BALTIMORE, Jan. 3 /PRNewswire/ — To give consumers a better idea of its purpose and mission, the Better Mortgage Bureau has decided to change its name to Consumer Mortgage Bureau.
Why the Housing Sector Collapse is Wonderful
November 15, 2007 Posted by Maryland RealEstateRama
BALTIMORE, Nov. 15 /PRNewswire/ — The following statement was written by Porter Stansberry, who is a frequent contributor to www.DailyWealth.com, one of America’s most widely read financial e-letters.
