H.R. 3700, The Housing Opportunity Through Modernization Act, successfully passed through the Senate. This bill, sponsored by Missouri Congressmen Emanuel Cleaver, II and Blaine Luetkemeyer, passed unanimously in the House on February 2, 2016. The bill was later introduced in the Senate by Senator Menendez, Senator Scott, Senator Coons, and Missouri Senator Roy Blunt. It successfully passed on July 14, 2016, and is now on its way to President Barack Obama's desk for signature
U.S. Rep. Blaine Luetkemeyer (MO-03) issued the following release after Housing and Urban Development (HUD) Secretary Julian Castro discussed major changes to the treatment of nonperforming loans during his testimony before the House Financial Services Committee
Cornerstone Mortgage, Inc., a privately-held St. Louis based mortgage-banking firm is excited to announce they have been recognized as one of the fastest growing companies in America, according to the 2015 INC. 500/5000 list.
Soon after U.S. Senator Claire McCaskill called on the Department of Housing and Urban Development to halt evictions on 12,000 Americans at risk of being removed from their homes, the agency announced that it would do exactly that, giving lenders a new option that could allow for widows and widowers to remain in their homes
Attorney General Chris Koster today announced a settlement with Ocwen Financial Corporation of Atlanta and its subsidiary, Ocwen Loan Servicing that will mean principal reductions for Missourians as well as payments for up to 3,400 Missourians who lost their homes to foreclosure.
Jefferson City, MO - June 5, 2013 - (RealEstateRama) -- Attorney General Chris Koster today announced that Missouri borrowers who submitted a valid foreclosure payment claim through the National Mortgage Settlement will receive a payment this month for approximately $1,480.
WASHINGTON, DC - March 29, 2013 - (RealEstateRama) -- Congressman Wm. Lacy Clay (D) Missouri, a senior member of the House Financial Services Committee and Ranking Member of the Subcommittee on Domestic & International Monetary Policy and Technology is cosponsoring H.R. 1077, the Consumer Mortgage Choice Act.
WASHINGTON, D.C. - January 30, 2013 - (RealEstateRama) -- Attorney General Chris Koster today said that Missourians who received mortgage relief, including principal reduction and short sales, for their primary residence may be able to consider the value of the relief received as non-taxable income.
Reston, Virginia - January 16, 2012 - (RealEstateRama) -- MERSCORP Holdings, Inc. today announced that U.S. District Senior Judge Ortrie D. Smith of the U.S. District Court for the Western District of Missouri, Western Division, ruled yesterday in favor of Mortgage Electronic Registration Systems, Inc. (MERS) and other defendants, dismissing a recording fee suit filed by Jackson County, Missouri
Attorney General Koster reminds Missourians about deadline to file foreclosure claims from National Mortgage...
Jefferson City, MO - January 14, 2012 - (RealEstateRama) -- Attorney General Chris Koster is reminding Missourians whose homes were foreclosed on between January 1, 2008, and December 31, 2011, and who qualify under the National Mortgage Settlement, that the deadline for filing a claim is January 18
November 22, 2012 - (RealEstateRama) -- Attorney General Chris Koster today announced that the state of Missouri and Lorraine Brown, former President of DocX, LLC, have reached a plea agreement. Under the agreement, Ms. Brown will plead guilty to one felony count of forgery, one felony count of perjury, and one misdemeanor count of making a false declaration.
Jefferson City, MO - September 27, 2012 - (RealEstateRama) -- Attorney General Chris Koster today filed three separate lawsuits against individuals and their companies for misleading Missouri consumers in connection with mortgage-modification services. The lawsuits were filed against Colleen Kelly, a Missouri resident operating Heartland Loss Mitigation, LLC,; Eric Mader, a Florida attorney operating Mader Law Group, LLC, a Florida company; and Jim Caplan, a Florida attorney operating CAPLAW, P.A., a Florida company
Jefferson City, MO - August 31, 2012 - (RealEstateRama) -- Attorney General Chris Koster announced today that Missouri has received more than $83 million from the joint state-federal mortgage settlement announced in February 2012.
Attorney General Koster announces settlement of criminal proceedings against mortgage surrogate signing company DOCX...
Jefferson City, MO - August 3, 2012 - (RealEstateRama) -- Attorney General Chris Koster today said his office has negotiated a settlement of criminal proceedings against mortgage-services company DOCX and an agreement with DOCX parent company Lender Processing Services, Inc. (LPS). In February 2012, Koster obtained criminal indictments against DOCX related to its alleged role in the mortgage-document surrogate-signing scandal of 2010.
Jefferson City, MO - July 17, 2012 - (RealEstateRama) -- Attorney General Chris Koster announced today that he has deposited $38 million into Missouri’s general revenue fund resulting from his efforts to conclude Missouri’s portion of the national mortgage settlement.