Mortgage

Mortgage

Former Virginia Short Sale Specialist Sentenced to Prison for Mortgage and Tax Fraud

An Ashburn, Virginia, resident was sentenced to prison today for mortgage and tax fraud, announced Acting Assistant Attorney General Caroline D. Ciraolo of the Justice Department’s Tax Division and U.S. Attorney Dana J. Boente of the Eastern District of Virginia.

Hunt Mortgage Group Refinances an Affordable Multifamily Property Located in Sterling, Virginia

Hunt Mortgage Group, a commercial real estate lender, announced today that it has provided an $11.7 million Fannie Mae loan facility to refinance a multifamily property located in Sterling, Virginia. The loan term is 10-years, with seven-years of interest only, amortizing over 30-years. The new facility replaces an existing Hunt Mortgage Group Fannie Mae loan with a Fannie Mae Choice Refinance Structured ARM

Sen. Warner Statement on Fannie & Freddie CEO Pay Raises

U.S. Sen. Mark R. Warner (D-VA), a member of the Senate Banking Committee and Ranking Member of the Banking subcommittee overseeing the secondary mortgage market, released a statement after mortgage finance companies Freddie Mac and Fannie Mae disclosed today that their CEOs will each receive a raise of $3.4 million – bringing their total annual compensation to $4 million, up from $600,000 each of the last two years

KAINE CALLS FOR INVESTIGATION, ACTION TO ADDRESS MORTGAGE INDUSTRY HOUSING DISCRIMINATION IN MINORITY COMMUNITIES

U.S. Senator Tim Kaine joined a group of senators in sending a letter to federal housing, finance, and consumer protection regulators calling for an investigation into potential violations of the Fair Housing Act by banks and lenders neglecting the maintenance of foreclosed homes based on the racial makeup of communities where the properties are located.

Governor Kicks Off 100-Day Challenge to Improve Housing for Individuals with Disabilities

Governor McAuliffe today announced the launch of a 100-day challenge to kick off the Commonwealth’s Housing and Supportive Services (HSS) initiative to increase integrated, independent housing options for people with an intellectual or developmental disability in the Northern Virginia, Hampton Roads and Richmond regions.

Former Short Sale Specialist Convicted of Mortgage and Tax Fraud

An Ashburn, Virginia resident was convicted today by a federal jury on 13 charges related to mortgage fraud, passing fictitious financial instruments, and tax fraud, the Department of Justice announced.

Alexandria First Half Real Estate Tax Bills Mailed

The City of Alexandria has mailed bills for the first half 2015 real estate tax and refuse fee to all property owners and/or mortgage companies. The 2015 real estate tax rate is $1.043 per $100 of assessed value.

VHDA Tax Credit Director Receives EarthCraftVirginia Award

Jim Chandler, Director of the Low Income Housing Tax Credit Program at the Virginia Housing Development Authority, recently received the Visionary Award from EarthCraft Virginia. The award recognizes the outstanding efforts of organizations and individuals for their leadership in sustainable housing

Warner, Corker, Colleagues Urge FHFA Director Mel Watt to Move Beyond Duopolistic Tendencies of...

In a letter today to Federal Housing Finance Agency (FHFA) director Mel Watt, U.S. Sen. Mark Warner (D-VA), U.S. Sen. Bob Corker (R-TN) and a bipartisan group of Senate Banking Committee members raised concerns about the development of the Common Securitization Platform (CSP) and urged the agency to move beyond “the duopolistic tendencies of the past” and adopt changes to ensure the CSP is accessible to not only government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, but also private sector participants

Warner, Kaine, 12 Colleagues Introduce Legislation to Protect DHS Employees from a Targeted Republican...

Today U.S. Sens. Mark Warner and Tim Kaine (both D-VA) joined a dozen colleagues in introducing legislation, the Federal Employee Retroactive Pay Fairness Act of 2015, that would guarantee full pay for federal workers at the Department of Homeland Security (DHS), who could be furloughed because of a lapse in federal funding or agency shutdown.

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Arlington County Board Approves Redevelopment of Former Bob Peck Site

Ballston project incorporates office buildings, affordable housing, ground-floor retail, townhouses ARLINGTON, Va.– The Arlington County Board today approved a mixed-use project for the last unplanned...

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Warner Presses Federal Agencies on Patch Management in Wake of WannaCry

U.S. Sen. Mark R. Warner (D-VA), Vice Chairman of the Senate Select Committee on Intelligence and co-founder of the Senate Cybersecurity Caucus, wrote to Office of Management and Budget Director Mick Mulvaney and Secretary of Homeland Security John Kelly, asking what steps the federal government has taken to ensure that federal IT and contractor systems have installed critical security updates to defend against the WannaCry ransomware that has attacked and disabled hundreds of thousands of computers in 150 countries since Friday.