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Mortgage

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 the Past
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 Shutdown
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.
Moran Proposes COLA Reform for Members of Congress
Representative Jim Moran, Northern Virginia Democrat, Ranking Member on the House Appropriations Interior Subcommittee and senior member of the Defense Appropriations Subcommittee, today introduced an amendment to the Legislative Branch Appropriations Bill for Fiscal Year 2015 that would restructure annual cost of living adjustments for Members of Congress as a housing stipend to reflect the challenges of maintaining a second home in the 5th most expensive real estate market in the country
Alexandria’s First Half Real Estate Tax Bills Mailed May 14
WASHINGTON, D.C. - May 20, 2013 - (RealEstateRama) -- The City of Alexandria has mailed bills for the first half 2013 real estate tax and refuse fee to all property owners and/or mortgage companies. Although the residential refuse fee was decreased to $328 in the FY 2014 Approved Budget, the FY 2013 fee of $336 remains in effect for the first half 2013 real estate tax billing, so a refuse fee of $168 will be shown on the bills for properties subject to the fee
Robert Hurt Statement Following Committee Hearing On Housing Finance System
WASHINGTON, D.C. - April 25, 2013 - (RealEstateRama) -- Congressman Robert Hurt today released the below statement following the Financial Services Committee hearing examining regulatory impediments to private capital investments and a sustainable housing finance system
Former Manager of Virginia Beach Mortgage Brokerage Firm Pleads Guilty to Fraud
NORFOLK, VA - March 19, 2013 - (RealEstateRama) -- David Burrus, Jr., age 39, a former Virginia Beach resident now living in Burns, Tenneesee, pleaded guilty today in Norfolk federal court to conspiring to commit mail and wire fraud in conjunction with mortgage loans he obtained from 2005 through 2007
Sens. Warner, Warren Urge Action on Consumer Credit Reporting
WASHINGTON, D.C. - February 18, 2013 - (RealEstateRama) -- U.S. Sens. Mark R. Warner (D-VA) and Elizabeth Warren (D-MA) today sent a letter to the heads of the Consumer Financial Protection Board (CFPB) and the Federal Trade Commission (FTC) urging them to take action to improve consumer credit reporting. Recent CFPB and FTC reports found that 20 percent of consumers could identify at least one error in a credit report issued by one of the three major credit reporting agencies and that more than five percent of consumers found significant errors. These mistakes could force consumers to pay more for insurance and loans, and could impact their access to security clearance
Prison Time for Mortgage Fraud Appraiser Who Stonewalled Federal Investigators
CHARLESTON, WV - August 23, 2012 - (RealEstateRama) -- A former West Virginia licensed real estate appraiser was sentenced today to one year and six months in federal prison for aiding and abetting wire fraud, announced United States Attorney Booth Goodwin. Mark E. Greenlee, 50, of Charleston, previously pleaded guilty in September 2011. Greenlee admitted that he prepared a false and fraudulent appraisal in 2006 in furtherance of a multi-million-dollar mortgage fraud scheme perpetrated by Deborah L. Joyce and others in the Stonegate subdivision in Hurricane, Putnam County, West Virginia
Utah Man Sentenced to More Than Two Years in Federal Prison on Charges Connected to Multi-Million-Dollar Mortgage Fraud Scheme
CHARLESTON, WV - August 13, 2012 - (RealEstateRama) -- A Utah man was sentenced today to two years and three months in federal prison on charges connected to a multi-million-dollar mortgage fraud scheme involving properties at a Hurricane, West Virginia subdivision, announced U.S. Attorney Booth Goodwin. Michael S. Hurd, 37, of Salt Lake City, Utah, previously pleaded guilty in November 2011 to conspiracy to commit wire fraud and bank fraud. The defendant also previously pleaded guilty to mail fraud arising out of his involvement in a similar fraud scheme in Modesto, California