News
Mortgage

Forty Indicted in Major East Texas Mortgage Fraud Scheme

PLANO, TX - March 16, 2010 - (RealEstateRama) — U.S. Attorney John M. Bales announced today that 40 individuals have been arrested and charged in connection with a major mortgage fraud scheme in the Eastern District of Texas.

Jury Convicts Two in Multi-Million Dollar Mortgage Fraud Scheme

HOUSTON, TX - February 5, 2010 - (RealEstateRama) — A federal jury found David Vasser, 61, a Houston area resident, and Shirely Adger, 52, a Dallas area resident, guilty of wire fraud and conspiracy to commit wire and mail fraud.

State’s $30 million mortgage credit program to help veterans become homeowners

AUSTIN, TX - February 9, 2010 - (RealEstateRama) — Honoring those who preserve and protect the American Dream to finally live it, Governor Rick Perry and the Texas Department of Housing and Community Affairs (TDHCA) have announced the launching of a new homebuyer initiative with a special focus on veterans.

Marchant Unveils “Mortgage E-Verify Act”

Washington, D.C. - February 5, 2010 - (RealEstateRama) — Congressman Kenny Marchant (TX-24) issued the following release today after unveiling his new bill, H.R. 4586 the Mortgage E-Verify Act.

Congressman Al Green Praises Passage of the Wall Street Reform and Consumer Protection

Washington, DC - December 14, 2009 - (RealEstateRama) — Today, Congressman Al Green (TX-09) voted to pass historic legislation that will bring about the biggest changes in financial regulation since the New Deal, by voting in favor of H.R. 4173, the Wall Street Reform and Consumer Protection Act.

Congressman Al Green Urges Mortgage Servicers to Address the Needs of Minority Borrowers

Washington, DC - December 9, 2009 - (RealEstateRama) — Today Congressman Al Green (TX-09) called on private mortgage servicers to better address the needs of struggling minority homeowners during a hearing of the House Committee on Financial Services regarding the current foreclosure crisis.

Attorney General Abbott Takes Enforcement Action Against Dallas-area ‘Mortgage Rescue’ Operation

DALLAS, TX - November 10, 2009 - (RealEstateRama) — Texas Attorney General Greg Abbott today took legal action to obtain restitution for a fraudulent “mortgage rescue” firm’s victims.

Mortgage and Real Estate Broker Sentenced to Prison for Mortgage Fraud

HOUSTON, TX - November 9, 2009 - (RealEstateRama) — Clarence Lewis III, 46, of Houston, has been sentenced to 15 years in federal prison without parole for running a mortgage fraud scheme, United States Attorney Tim Johnson announced today.

Owner of Brownstone Construction Indicted for Mortgage Fraud

HOUSTON, TX - September 3, 2009 - (RealEstateRama) — A 16-count sealed indictment charging Melvin Lendall Brown, the owner of Brownstone Construction, with wire fraud arising from an alleged multi-million dollar mortgage fraud scheme has been unsealed, United States Attorney Tim Johnson and FBI Special Agent in Charge Richard C. Powers announced today.

Former Dallas Cowboys Football Player, Eugene Lockhart, and Eight Others, Charged in Mortgage Fraud Scheme

DALLAS, TX - September 3, 2009 - (RealEstateRama) — A federal grand jury has indicted Eugene Lockhart, Jr., 48, a former player with the Dallas Cowboys, and eight others, on various charges related to a mortgage fraud scheme he and the others allegedly ran in the Dallas area from 2001 through 2005, announced U.S. Attorney James T. Jacks of the Northern District of Texas.