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- A.G. Schneiderman Details Results Of Homeowner Protection Program In Buffalo Region
BUFFALO - February 18, 2013 - (RealEstateRama) -- In Buffalo, Attorney General Eric T. Schneiderman today announced the results of the Homeowner Protection Program (HOPP), a $60 million initiative to support housing counselors and legal services providers working with homeowners at risk of foreclosure across the State of New York. Attorney General Schneiderman reported that in just the first three months of the program, 547 at-risk homeowners in the Buffalo-Niagara region have received assistance, and roughly 3,600 have been served throughout New York State. Schneiderman also announced the creation of a statewide hotline 1-855-HOME-456 to provide help for homeowners facing foreclosure.
- C.A.R. launches new tool to help home buyers bridge down payment gap
LOS ANGELES, CA - February 18, 2013 - (RealEstateRama) -- In an effort to provide California home buyers with up-to-date information about available home buyer assistance programs, the CALIFORNIA ASSOCIATION OF REALTORS? (C.A.R.) today launched California Mortgage Resource Directory (http://mortgage.car.org), a powerful search tool that identifies current mortgage programs in communities throughout the state.
- Sixth Circuit Court of Appeals Affirms Dismissal of Kentucky Recording Fee Suit
Reston, Virginia - February 18, 2013 - (RealEstateRama) -- MERSCORP Holdings, Inc. today announced that a three-judge panel of the U.S. Court of Appeals for the Sixth Circuit ruled in favor of MERSCORP Holdings, Inc. and Mortgage Electronic Registration Systems, Inc. (collectively, MERS) and a number of MERS members by affirming a U.S. District Court dismissal of a recording fee suit filed jointly by Christian and Washington County Clerks in Kentucky.
- Sens. Warner, Warren Urge Action on Consumer Credit Reporting
WASHINGTON, D.C. - February 18, 2013 - (RealEstateRama) -- U.S. Sens. Mark R. Warner (D-VA) and Elizabeth Warren (D-MA) today sent a letter to the heads of the Consumer Financial Protection Board (CFPB) and the Federal Trade Commission (FTC) urging them to take action to improve consumer credit reporting. Recent CFPB and FTC reports found that 20 percent of consumers could identify at least one error in a credit report issued by one of the three major credit reporting agencies and that more than five percent of consumers found significant errors. These mistakes could force consumers to pay more for insurance and loans, and could impact their access to security clearance
- Florida-Based Lender Processing Services Inc. to Pay $35 Million in Agreement to Resolve Criminal Fraud Violations Following Guilty Plea from Subsidiary CEO
WASHINGTON, D.C. - February 18, 2013 - (RealEstateRama) -- Lender Processing Services Inc. (LPS), a publicly traded mortgage servicing company based in Jacksonville, Fla., has agreed to pay $35 million in criminal penalties and forfeiture to address its participation in a six-year scheme to prepare and file more than 1 million fraudulently signed and notarized mortgage-related documents with property recorders? offices throughout the United States. The settlement, which follows a felony guilty plea from the chief executive officer of wholly owned LPS subsidiary DocX LLC, was announced today by Assistant Attorney General Lanny A. Breuer of the Justice Department?s Criminal Division and U.S. Attorney for the Middle
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