Mortgage

Mortgage

Former Mortgage Broker, California Woman Plead Guilty to Mortgage Fraud

KANSAS CITY, MO - May 25, 2010 - (RealEstateRama) -- Beth Phillips, United States Attorney for the Western District of Missouri, announced today that two more defendants have pleaded guilty in federal court to charges related to mortgage fraud schemes, including a $12.6 million conspiracy that involved 25 upscale residential properties in Lee’s Summit, Missouri and Raymore, Missouri and a property-flipping scheme in Kansas City, Missouri.

Luetkemeyer Supports Bi-partisan Bill Protecting Affordable Housing Efforts

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

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.

Seven Northland Residents Indicted in Parkville Mortgage Fraud Scheme

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

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...

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

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 - (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...

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

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...

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

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...

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.

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Blunt-Klobuchar Bill Will Help More Children Find Homes Through International Adoption...

U.S. Senators Roy Blunt (Mo.) and Amy Klobuchar (Minn.), co-chairs of the Congressional Coalition on Adoption, yesterday introduced the Vulnerable Children and Families Act. The measure would help more children living without families or in institutional care find permanent homes by enhancing U.S. diplomatic efforts around international child welfare and ensuring that intercountry adoption to the United States becomes a more viable and fully-developed option

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The Boulder Group Arranges Sale of Triple Net Lease Dollar General...

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant new construction Dollar General located at 4314 State Route N in Pomona, Missouri for $1,141,000.