U.S. Government News

Lease2OwnHomes Renter Rip-Off : Brown Obtains Restitution

Wed, 23 Jul 2008 08:01:07 PST

California Attorney General Edmund G. Brown Jr. today announced a $150,000 settlement for aspiring homeowners who had their entire down payments unlawfully seized by Lease2OwnHomes for missing rent on a lease-to-own agreement.

HUD CHARGES PUERTO RICO HOMEOWNER ASSOCIATION WITH DISCRIMINATING AGAINST DISABLED HOMEOWNER

Tue, 15 Jul 2008 07:39:29 PST

The U.S. Department of Housing and Urban Development announced today that it charged a homeowner association in Puerto Rico with housing discrimination for refusing to permit a disabled man to have support railings in the front of his home.

Mortgage Fraud: Seven Broward Residents Charged In $10 Million Mortgage Fraud Indictment

Thu, 10 Jul 2008 12:51:48 PST

The Indictment charges Anthony Dehaney with orchestrating a conspiracy to commit and committing mail and wire fraud, and bankruptcy fraud.

Brown Sues Countrywide For Mortgage Deception

Wed, 02 Jul 2008 12:13:36 PST

California Attorney General Edmund G. Brown Jr. today sued Countrywide Financial, its chief executive Angelo Mozilo, and president David Sambol, for engaging in deceptive advertising and unfair competition by pushing homeowners into mass-produced, risky loans for the sole purpose of reselling the mortgages on the secondary market.

Foreclosure protection offered to displaced families in seven counties in the 'Show Me State

Tue, 01 Jul 2008 07:25:37 PST

Foreclosure protection offered to displaced families in seven counties in the 'Show Me State'

Malicious Mortgage Fraud More Than 400 Charged Nationwide

Thu, 19 Jun 2008 20:37:03 PST

Operation Malicious Mortgage, a massive multiagency takedown of mortgage fraud schemes involving more than 400 defendants nationwide who have been charged over the past three and a half months.

FHA Reaching Out To 675,000 At-Risk Homeowners In Second Phase Of Direct Mail Campaign

Thu, 19 Jun 2008 08:13:58 PST

Hundreds of thousands of homeowners urged to consider safer, more affordable FHA-backed mortgages

HUD ANNOUNCES DISASTER ASSISTANCE FOR THREE MIDWEST STATES

Mon, 16 Jun 2008 20:01:48 PST

Foreclosure protection offered to displaced families in Iowa, Indiana and Wisconsin

Foreclosed Homes: FHA Extends Financing For Immediate Purchase Of Foreclosed Homes

Mon, 16 Jun 2008 07:40:16 PST

In an effort to stabilize declining home values in certain neighborhoods, the Bush Administration today announced a temporary policy that will extend government-backed mortgage insurance and allow for the immediate sale of vacant foreclosed properties.

Risky Loans On Government-Backed Mortgages, HUD Renews Efforts

Tue, 10 Jun 2008 11:39:16 PST

Proposal would help stabilize housing market, protect FHA's financial solvency, and reduce foreclosures

HUD Announces Disaster Assistance For Iowa Storm Victims

Wed, 28 May 2008 08:23:57 PST

Foreclosure protection offered to displaced families in Butler County

Lending Discrimination: HUD Launches Campaign

Tue, 20 May 2008 07:51:43 PST

The U.S. Department of Housing and Urban Development announced today that it has launched a national public service announcement (PSA) campaign that will educate the public, especially minorities, about their rights under the lending provisions of the federal Fair Housing Act.

Mortgage Market Crisis: FTC to Host Conference

Fri, 16 May 2008 03:29:14 PST

The Federal Trade Commission’s Bureau of Economics will host a conference on May 29 to highlight and assess the role of consumer information in the current mortgage crisis from an economic perspective.

MORTGAGE FRAUD: New Analysis of a Rising Threat, The FBI Reports

Tue, 13 May 2008 12:06:16 PST

Mortgage fraud is clearly on the rise. Although there is no central way to track the total extent of the problem, we received 46,717 Suspicious Activity Reports related to mortgage fraud last year--compared to 35,617 in 2006 and just 6,936 in 2003. Only seven percent of these reports documented an exact dollar amount in terms of losses, but even so, the total loss from this seven percent was $813 million.

The Subprime Mortgage Market 2007 Report: The Federal Reserves Reports

Tue, 13 May 2008 12:02:03 PST

Learn about the factors that led to the subprime mortgage crisis, the impact of these developments on the nation and the Twelfth District, and "lessons learned" that may contribute to financial market stability going forward

Foreclosure Mortgage Rescue Scam: FTC Files Charges

Tue, 29 Apr 2008 18:27:09 PST

The Federal Trade Commission has charged Foreclosure Solutions, LLC and Timothy A. Buckley with operating a nationwide mortgage foreclosure "rescue" scam that charged consumers as much as $1,200 to save their homes from foreclosure but failed to do so. The FTC seeks to bar them from further law violations and make them forfeit their ill-gotten gains.

Home Foreclosure: HUD Highlights Bush Administration's Solutions To Save Homeowners From Foreclosure

Tue, 29 Apr 2008 18:21:28 PST

The Bush Administration has put in place responsible solutions to help American families stay in their homes and avoid foreclosure, U.S. Department of Housing and Urban Development Deputy Secretary Roy A. Bernardi said today. Delivering the keynote address at the Federal Home Loan Banks Annual Directors Conference, Bernardi highlighted President Bush's responsible plan to strengthen the economy and help homeowners by allowing HUD's Federal Housing Administration (FHA) to be "a good safeguard against foreclosure.

HUD Charges Louisiana Couple With Housing Discrimination

Wed, 23 Apr 2008 07:41:20 PST

The U.S. Department of Housing and Urban Development today announced it is charging a Louisiana couple with racial discrimination in connection with the sale of a privately owned townhome. HUD claims Reggie and Kimberly Collier complained to a local real estate firm showing the home and threatened to deny the new owners utilities after they observed an African-American woman viewing the property. The African-American woman was, in fact, a sales agent representing prospective homebuyers who were white.

HUD to Expand Mortgage Help for Struggle Families

Thu, 10 Apr 2008 09:12:40 PST

Expanded FHASecure able to help half a million homeowners stay in their homes by cutting mortgage payments.

Foreclosure: Gov. Schwarzenegger Announces $8 Million Grant to Expand Counseling Services to Homeowners at Risk of Foreclosure

Mon, 07 Apr 2008 19:19:18 PST

Governor Arnold Schwarzenegger today announced California homeowners having trouble paying their mortgages will be eligible for counseling to avoid foreclosure as part of a new $8 million grant that will dramatically expand free counseling services to homeowners.