Coral Mortgage Operator Sentenced on Multi-Million-Dollar Securities Fraud

ST. LOUIS - March 27, 2012 - (RealEstateRama) -- The United States Attorney’s Office announced today that David Rubin, employee and operator of two local offices of Coral Mortgage Bankers Corporation, was sentenced to five years’ probation, six months home confinement, 200 hours of community service, and ordered to pay restitution in the amount of $1.2 million.

Attorney General’s Office to offer mortgage-settlement forums in every county in Missouri — forums...

Jefferson City, MO - March 12, 2012 - (RealEstateRama) -- Attorney General Chris Koster said today he is sending Assistant Attorneys General into every county in the state during the week of March 26 to provide information to Missouri consumers about the national mortgage settlement and to register with his office Missourians who might qualify to receive benefits under the program.

Attorney General Koster announces Missouri consumers, state to receive more than $196 million in...

Jefferson City, MO - February 13, 2012 - (RealEstateRama) -- Attorney General Chris Koster today announced Missouri’s participation in a landmark national mortgage settlement that will bring more than $196 million to Missouri taxpayers and the state. The joint federal-state agreement addresses allegations of foreclosure abuses, unfair mortgage servicing practices, and fraud by the nation’s five largest mortgage servicers: Bank of America, Citigroup, JPMorgan Chase, Wells Fargo, and Ally Financial.

Attorney General Koster announces 136-count criminal indictments related to robo-signing in mortgage industry

Jefferson City, MO - February 9, 2012 - (RealEstateRama) -- Attorney General Chris Koster today announced that a Boone County grand jury has handed down 136-count indictments against DOCX, LLC and its founder and former president, Lorraine Brown, for forgery and making a false declaration related to mortgage documents processed by DOCX.

Attorney General Koster announces preliminary support for proposed multistate settlement with mortgage servicing industry

Jefferson City, MO - February 9, 2012 - (RealEstateRama) -- Attorney General Chris Koster announced today that he has given preliminary support to a proposed multistate agreement with some of the largest financial institutions in the country to settle civil claims related to the national mortgage foreclosure crisis.

HOPE NOW Assists Homeowners at Kansas City Black Expo

KANSAS CITY, MO - September 20, 2011 - (RealEstateRama) -- HOPE NOW, the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors, articipated in the Kansas City Black Expo this past weekend as part of its ongoing effort to assist the nation’s homeowners..

Kansas Attorney, British Real Estate Speculator Plead Guilty to $52 Million Ponzi Scheme

KANSAS CITY, MO - September 19, 2011 - (RealEstateRama) -- Beth Phillips, United States Attorney for the Western District of Missouri, announced today that a Leawood, Kan., attorney and a real estate speculator in the United Kingdom pleaded guilty in federal today to their roles in a fraud conspiracy that stole more than $52 million from their victims.

AG Koster says major banks will meet today in Jefferson City to discuss ways...

Jefferson City, MO - June 7, 2011 - (RealEstateRama) -- Leaders of major banks, loan servicers and insurers will meet today with Attorney General Chris Koster to discuss ways to help Joplin consumers with mortgage and credit issues caused by the tornado.

Attorney General Koster invites banking leaders to Monday meeting in his Supreme Court office...

Jefferson City, MO - June 2, 2011 - (RealEstateRama) -- Attorney General Chris Koster said today he has invited major banking interests that conduct business in the Joplin area to a meeting in his Supreme Court office in Jefferson City Monday to brainstorm ways to help the many Joplin homeowners who are likely to experience mortgage- and credit-related issues in the coming months.

VA Announces Disaster Assistance After Tornado Outbreaks

WASHINGTON, DC - May 26, 2011 - (RealEstateRama) -- The Department of Veterans Affairs (VA) announced today that special disaster assistance may be available to Veterans with VA-guaranteed home loans who have been affected by recent tornados in Missouri.

Former Woodbury Financial Services Representative Along with a Coral Mortgage Operator Plead Guilty to...

ST. LOUIS, MO - May 2, 2011 - (RealEstateRama) -- The United States Attorney’s Office announced the guilty pleas of Joshua Gould, a former financial representative with Woodbury Financial Services, Inc. and affiliate of Spetner Associates; and David Rubin, employee and operator of two local offices of Coral Mortgage Bankers Corporation.

Koster says settlement with banks over robo-signing should include mortgage mitigation for homeowners

Jefferson City, MO - March 11, 2011 - (RealEstateRama) -- As serious discussions between the banking industry and the 50-state multigroup get underway in Washington, Attorney General Chris Koster said today that any settlement with the nation’s large banks should include substantial mortgage loss mitigation measures. Koster also said he is pleased that the fifty-state investigation into violations of law related to “robo-signing” has developed into a broad effort to stabilize the housing mortgage market.

Missouri Count of Homeless To Take Place January 26

WASHINGTON, D.C. - January 20, 2011 - (RealEstateRama) -- On January 26, The Governor’s Committee to End Homelessness (also known as the Missouri Interagency Council on Homelessness), Missouri Housing Development Commission (MHDC), numerous nonprofit and governmental agencies, and several faith-based organizations will join forces to conduct their Point-in-Time Count, a “snapshot” taken during one specific point in time of the number of unsheltered homeless individuals in the 101 rural counties constituting the Missouri Balance of State Continuum of Care.

MHDC Helps More than 82,000 Missouri First-Time Homebuyers

October 28, 2010 - (RealEstateRama) -- Missouri Housing Development Commission (MHDC) for more than 30 years has provided low-interest, fixed-rate mortgage options to under-served Missouri households. The agency recently marked a significant milestone in its history, having provided a total of $5 billion in mortgages to more than 82,000 first-time homebuyers.

Credit History Fraud Alleged in $3 Million Lee’s Summit Mortgage Scheme

KANSAS CITY, MO - August 5, 2010 - (RealEstateRama) -- Beth Phillips, United States Attorney for the Western District of Missouri, announced that a California woman and a Florida man were indicted by a federal grand jury today for their roles in a credit history fraud that allegedly contributed to a nearly $3 million mortgage fraud scheme in Lee’s Summit, Missouri.


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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