News
Mortgage

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 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