Mortgage
Luetkemeyer Supports Bi-partisan Bill Protecting Affordable Housing Efforts
January 25, 2010 Posted by Missouri RealEstateRama
WASHINGTON, D.C. - January 25, 2010 - (RealEstateRama) — U.S. Rep. Blaine Luetkemeyer (MO-9) is supporting bi-partisan legislation ensuring that certain nonprofits like Habitat for Humanity are protected from troubling mortgage restrictions that could impact the way affordable housing is provided to needy families
Missouri Housing Development Commission Provides Millions in Mortgages and Assistance to First-Time Homebuyers
December 29, 2009 Posted by MHDC
Kansas City, MO - December 29, 2009 - (RealEstateRama) — Even in the face of a challenging economic environment, Missouri Housing Development Commission (MHDC) continues to provide quality affordable housing to the low- and moderate-income residents of Missouri. In addition, due to innovative programs and partnerships, MHDC has been able to continue its lending programs for first-time homebuyers with mortgage revenue bond financings and a commitment to homebuyers for assistance with down payment and closing costs.
Skelton Defends Home Town Banks and Their Customers
December 14, 2009 Posted by Missouri RealEstateRama
WASHINGTON, D.C. - December 14, 2009 - (RealEstateRama) — Today, Congressman Ike Skelton (D-Mo.) submitted the following statement in the U.S. House of Representatives during debate of H.R. 4173, The Wall Street Reform and Consumer Protection Act. Discussing his vote against the measure, Congressman Skelton stated
Seven Northland Residents Indicted in Parkville Mortgage Fraud Scheme
December 3, 2009 Posted by Missouri RealEstateRama
KANSAS CITY, MO - December 3, 2009 - (RealEstateRama) — Matt J. Whitworth, United States Attorney for the Western District of Missouri, announced today that seven Kansas City, Mo., residents have been indicted by a federal grand jury for their roles in a mortgage fraud scheme that involved the purchase of a $605,000 house in Parkville, Mo
Missouri Man Sentenced to Over 11 Years in Major Mortgage Fraud Scheme
November 17, 2009 Posted by Missouri RealEstateRama
CAPE GIRARDEAU, MO - November 17, 2009 - (RealEstateRama) — Russell Todd McBride, of Creve Coeur, was sentenced on a mortgage fraud scheme involving the sale of residential real estate located in Sikeston, MO, Acting United States Attorney Michael W. Reap announced today. After sentencing, the district court remanded McBride to the custody of the United States Marshals to commence serving his sentence.
Show-Me Money: VA Loan Report Teaches Missouri Realtors How to Tap Into Military Lending
November 3, 2009 Posted by VA Mortgage Center.com
With Agent Pools Shrinking, VA Home Loans and Refinances Skyrocketed in FY 09. COLUMBIA, MO - November 3, 2009 - (RealEstateRama) — Veterans and their families are buying homes in record numbers, but only a handful of Missouri real estate agents are capitalizing on that windfall.
Luetkemeyer Joins Call to Expose Government Corruption Within Countrywide VIP Program
October 14, 2009 Posted by Missouri RealEstateRama
WASHINGTON, D.C. - October 14, 2009 - (RealEstateRama) — U.S. Rep. Blaine Luetkemeyer (MO-9), a member of the House Oversight and Government Reform Committee, today made the following statement on Ranking Member Darrell Issa’s call to subpoena all records and documents related to the Countrywide VIP Program in which special mortgage rates were promised to lawmakers in return for political support for what was once the nation’s largest mortgage originator
Treasurer Clint Zweifel Launches Revamped Loan Program at St. Louis Life Science Company
October 7, 2009 Posted by Missouri State Treasurer
October 7, 2009 - (RealEstateRama) — State Treasurer Clint Zweifel will be in St. Louis on Thursday, October 8 to launch the revamped Missouri Linked Deposit Program, a low-interest loan program he administers. Treasurer Zweifel will be at LipoSpectrum, a local life science company specializing in state-of-the-art lipid analysis using patented technology developed at Washington University. LipoSpectrum, located in the St. Louis Enterprise Center’s Midtown location uses the Missouri Linked Deposit Program. Borrowers using the loan program usually save about 30 percent on their interest costs.
St. Louis County Man Sentenced on Fraud Charges for Falsifying Mortgage Loan Application and Illegal Possession of Firearms
October 5, 2009 Posted by Missouri RealEstateRama
ST. LOUIS, MO - October 5, 2009 - (RealEstateRama) — Milton H. Ohlsen III was sentenced to 30 months in prison on bank fraud charges after overstating his income on his home mortgage application, and in a separate case, sentenced to 30 months in prison on a firearms charge, Acting United States Attorney Michael W. Reap announced today. The sentences are to run concurrently. In addition to the prison sentence, Ohlsen was ordered to pay restitution of $99,871
Wichita, Carl Junction Men Plead Guilty to Mortgage Fraud Scheme
October 2, 2009 Posted by Missouri RealEstateRama
SPRINGFIELD, MO - October 2, 2009 - (RealEstateRama) — Matt J. Whitworth, United States Attorney for the Western District of Missouri, announced today that a Wichita, Kan., man and a Carl Junction, Mo., man pleaded guilty in federal court to their roles in a $1.2 million mortgage fraud scheme
Chris Koster and seven other Attorneys General to meet with Treasury Secretary Tim Geithner in Washington, D.C., tomorrow
September 17, 2009 Posted by Missouri RealEstateRama
Jefferson City, MO - September 17, 2009 - (RealEstateRama) –Attorney General Chris Koster will meet with both Secretary of the Treasury Tim Geithner and Attorney General Eric Holder in Washington, D.C., tomorrow to discuss Missouri’s efforts to pursue businesses engaged in mortgage fraud. Geithner and Holder invited Koster and several other Attorneys General from around the nation to meet with them to discuss the problem and possible solutions. Also present at Thursday’s meeting will be HUD Secretary Shaun Donovan and FTC Chair Jon Liebowitz.
MHDC offers up to $13,000 in aggressive refinance program for homeowners
August 28, 2009 Posted by Missouri RealEstateRama
Missouri Housing Development Commission (MHDC) is now offering a refinance program to help Missouri homeowners make their monthly mortgage payments and avoid foreclosure. The program is designed for responsible homeowners who need assistance with the closing costs associated with refinancing their existing mortgage, as well as those who need a reduction in their first mortgage principal balance in order refinance their existing home loan
California Man Pleads Guilty to Mortgage Fraud Conspiracy, Money Laundering $12.6 Million Scheme Involved New, Upscale Homes in Lee’s Summit, Raymore
August 21, 2009 Posted by Missouri RealEstateRama
KANSAS CITY, MO - August 21, 2009 - (RealEstateRama) — Matt J. Whitworth, Acting United States Attorney for the Western District of Missouri, announced that an Anaheim, Calif., man pleaded guilty in federal court today to his role in a $12.6 million mortgage fraud conspiracy that involved 25 upscale residential properties in Lee’s Summit, Mo., and Raymore, Mo.
Former Mortgage Broker Pleads Guilty to $1.2 Million Mortgage Fraud Scheme
August 13, 2009 Posted by Missouri RealEstateRama
SPRINGFIELD, MO - August 13, 2009 - (RealEstateRama) — Matt J. Whitworth, Acting United States Attorney for the Western District of Missouri, announced today that a former mortgage broker pleaded guilty in federal court to his role in a $1.2 million mortgage fraud scheme.
House Passes Rural Homeowners Protection Act Clay’s Legislation Will Help Rural Families Refinance Mortgages Through USDA Guaranteed Loan Program
July 30, 2009 Posted by Missouri RealEstateRama
Washington, DC - July 30, 2009 - (RealEstateRama) — The U.S. House has passed legislation authored by Congressman Wm. Lacy Clay (D) Missouri, which will make refinancing easier for rural homeowners who hold mortgages issued by private lenders. H.R. 2043, the Rural Homeowners Protection Act of 2009, will allow rural families to refinance mortgages obtained from private lenders through a provision of a USDA guaranteed loan program.
