Archives

WASHINGTON, DC - December 14, 2010 - (RealEstateRama) -- Congressman Randy Neugebauer (R-TX), House Financial Services Oversight Subcommittee Chairman, released the following statement today regarding his December 13, 2010 letter to FHFA Director DeMarco

HOUSTON, TX - December 2, 2010 - (RealEstateRama) -- Four employees of Central Capital Financial Group have been sentenced to prison for running a mortgage fraud scheme, United States Attorney José Angel Moreno announced today. United States District Judge Nancy F. Atlas handed down the sentences in federal court in Houston on Monday and Tuesday of this week.

AUSTIN, TX - November 5, 2010 - (RealEstateRama) -- The Texas Department of Housing and Community Affairs (TDHCA) today announced that it has reduced interest rates on mortgage loans offered through its Texas First Time Homebuyer Program to historically low levels, further opening the door to safe and responsible homeownership for qualifying low to moderate income Texans.Interest rates on these 30-year, fixed rate mortgage loans have been set at either 4.20 percent or 4.95 percent, depending on which of two types of loans the borrower selects. Rates had previously been set at 4.99 percent or 5.74 percent, respectively. The assisted rate of 4.95 percent is available with funds for down payment and closing cost assistance, helping families overcome what are often the biggest obstacles to buying a home.

EL PASO, TX - October 6, 2010 - (RealEstateRama) -- Texas Attorney General Greg Abbott today reached an agreement with Wells Fargo & Co. that will provide $5 million in relief to more than 200 Texas homeowners who had “payment option” adjustable rate mortgage loans with the bank.

CORSICANA, TX - July 21, 2010 - (RealEstateRama) -- The fourth member of a multi-county mortgage fraud scheme today pleaded guilty to a first-degree felony for his role in a multimillion dollar enterprise that defrauded government-backed mortgages.

HOUSTON, TX - June 29, 2010 - (RealEstateRama) -- Adrian Levale Cole has pleaded guilty to committing wire fraud and false representation of a Social Security number arising from a $10 million mortgage fraud scheme, United States Attorney José Angel Moreno announced today.

AUSTIN, TX - June 28, 2010 - (RealEstateRama) -- Recognizing the importance of its lender network in meeting its goal of increasing homeownership rates among Texans of all income levels, the Texas Department of Housing and Community Affairs (TDHCA) today announced its “Lenders of the Year” and “Loan Officer of the Year” awards for their participation in and support of TDHCA’s homeownership programs.

Austin, TX - June 11, 2010 - (RealEstateRama) -- The Texas State Affordable Housing Corporation (TSAHC) honors National Homeownership Month by announcing a rate reduction for our First-time Homebuyer Programs which help families achieve their dream of homeownership

AUSTIN, TX - May 21, 2010 - (RealEstateRama) -- The Texas Department of Housing and Community Affairs (TDHCA) announced that beginning today the State will make available the first $50 million under an unprecedented $500 million in new mortgage revenue bond authority.

AUSTIN, TX - May 6, 2010 - (RealEstateRama) -- As the month of April drew to a close, so too did the offer of an $8,000 federal first time homebuyer tax credit for qualified borrowers.

HOUSTON, TX - April 9, 2010 - (RealEstateRama) -- Vincent Wallace Aldridge and Tori Aldridge, both of Fresno, Texas, surrendered themselves to federal authorities as a result of the return of a 19-count indictment arising from an alleged scheme to defraud residential mortgage lenders of more than $3.7 million

SHERMAN, TX - April 1, 2010 - (RealEstateRama) -- U.S. Attorney John M. Bales announced today that a 38-year-old Grapevine, Texas, man has been sentenced to federal prison for his role in a mortgage fraud scheme in the Eastern District of Texas.

TYLER, TX - March 25, 2010 - (RealEstateRama) -- U.S. Attorney John M. Bales announced today that a 47-year-old Tyler, Texas woman has been sentenced to federal prison for a mortgage fraud scheme in the Eastern District of Texas.

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.

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.

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.

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.

Roswell, NM - February 4, 2010 - (RealEstateRama) -- PrimeSource Mortgage, Inc. (PSMI), a leading mortgage brokerage and banking company, and a wholly owned subsidiary of PSM Holdings, Inc. (OTCBB: PSMH) announces the opening of a new office in Belton, TX near the Ft. Hood military base.

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.

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.