CHFA Sale of $123 Million in Tax Exempt Bonds to Finance Single Family Mortgages
The Connecticut Housing Finance Authority (CHFA) completed a successful offering of $123 million in Tax Exempt Bonds on Monday, August 4, 2014. The offering was oversubscribed, generating more than $400 million in orders in one day. A significant percentage of the orders or $104 million came from retail and institutional investors in Connecticut, who are familiar with CHFA’s financial strength and track record. Proceeds from the sale of these bonds will be used to finance the Authority’s single family mortgage program
Governor Dannel P. Malloy, Department of Housing (DOH) Commissioner Evonne M. Klein, and Connecticut Housing Finance Authority (CHFA) President and Executive Director Eric Chatman today announced investments of more than $70 million in federal and state funds for 16 affordable housing projects across the state that will transform their communities and build and rehabilitate a total of 694 affordable rental apartments. The funds are expected to generate an additional $116 million in private investments for the projects, bringing the total investments to $186 million in state, federal and private dollars
Rep. Esty Helps Veteran Recover over $16,000 in Social Security Benefits; Avoid Foreclosure
NEW BRITAIN, CT – February 26, 2014 – (RealEstateRama) — This week, Rep. Elizabeth Esty (CT-5) shared a “Constituent Corner” story from Thomas Campbell of Danbury. Mr. Campbell, a former Marine who was awarded a Purple Heart for his service, went months without receiving his Social Security benefits. Two months behind on his mortgage, Mr. [...]
Congresswoman Esty Helps Danbury Family Stay in their Home
NEW BRITAIN, CT - February 14, 2014 - (RealEstateRama) -- This week, Congresswoman Elizabeth Esty (CT-5) shared her second “Constituent Corner” story from Gail and Lew Sirico of Danbury. The Sirico family reached out to Congresswoman Esty’s office after falling behind on their mortgage when Lew got sick and lost his job. Esty’s office helped modify their monthly mortgage payments, which saved the family $5,100 and allowed them to stay in their home during this cold winter
AG Jepsen: Connecticut Joins in $2.1B State-Federal Settlement with Mortgage Servicer Ocwen
WASHINGTON, D.C. - December 19, 2013 - (RealEstateRama) -- Ocwen Financial Corporation and its subsidiary, Ocwen Loan Servicing, have agreed to a $2.1 billion joint state-federal settlement with Attorney General George Jepsen, 48 additional states and the District of Columbia and the federal Consumer Financial Protection Bureau
Attorney General Urges Congress to Again Extend Tax Relief for Distressed Homeowners
WASHINGTON, D.C. - December 19, 2013 - (RealEstateRama) -- Attorney General George Jepsen is once again leading a national effort by state attorneys general who are urging Congress to extend tax relief for consumers who have mortgage debt canceled or forgiven because of financial hardship or a decline in housing values
Gov. Malloy, AG Jepsen and Banking Commissioner Announce Upcoming Mortgage Assistance Event
WASHINGTON, D.C. - October 16, 2013 - (RealEstateRama) -- Connecticut’s distressed homeowners have another opportunity to explore loan modification and foreclosure prevention options with their lenders at a day-long, state-sponsored forum on Tuesday, October 22, 2013, from 10 a.m. to 7 p.m. at the Connecticut Convention Center in Hartford. Free parking will be available for attendees
AG Jepsen: Banks Face Four New Performance Tests under National Mortgage Settlement
WASHINGTON, D.C. - October 2, 2013 - (RealEstateRama) -- The five mortgage servicers included in the National Mortgage Settlement must better address loan modifications, single points of contact with borrowers and billing statement accuracy under four new servicing standard tests, the settlement Monitor announced today
Attorney General: 6,300 Homeowners Helped By National Mortgage Foreclosure Settlement
WASHINGTON, D.C. - August 22, 2013 - (RealEstateRama) -- Attorney General George Jepsen today called the $25 billion mortgage foreclosure settlement with the nation’s five largest mortgage loan servicing companies a “tremendous success” for providing mortgage relief benefits of approximately $450 million to nearly 6,300 Connecticut borrowers
ROCKY HILL, CT - August 9, 2013 - (RealEstateRama) -- The Council of the City of Norwich voted to participate in a special Police Homeownership Program offered by the Connecticut Housing Finance Authority (CHFA). The program will offer a discounted mortgage rate to Norwich police officers who purchase a home in Norwich, as part of a community policing program. Twenty-three towns statewide now participate in the Police Homeownership program, which is open to local police and state police officers who are either first-time homebuyers or have not owned a home in the last three years. CHFA also offers special programs for teachers, which is available to teachers who teach and will live in Norwich, and for military personnel
DeLauro Reintroduces Legislation to Protect American Homeowners
WASHINGTON, DC - June 27, 2013 - (RealEstateRama) -- Congresswoman Rosa DeLauro (D-CT) reintroduced the Regulation of Mortgage Servicing Act today, a bill that will establish clear, national standards for mortgage lenders and help struggling homeowners avoid foreclosure
ROCKY HILL, CT - June 6, 2013 - (RealEstateRama) -- June is National Homeownership Month and while families today face numerous challenges when it comes to obtaining their first home, a recent survey conducted for the Connecticut Housing Finance Authority by The Center for Research & Public Policy (CRPP), found than an estimated TWO-THIRDS of Connecticut renters say they are very or somewhat interested in owning their own home.
Connecticut Homeowners Continue To Benefit from National Mortgage Foreclosure Settlement
WASHINGTON, D.C. - May 21, 2013 - (RealEstateRama) -- Attorney General George Jepsen said Connecticut’s distressed homeowners continue to benefit from first-lien principal reductions and other mortgage relief programs resulting from the $25 billion national mortgage foreclosure settlement announced last year
State Officials Announce Upcoming Mortgage Assistance Event
WASHINGTON, D.C. - April 9, 2013 - (RealEstateRama) -- Connecticut’s distressed homeowners have another opportunity to explore loan modification and foreclosure prevention options with their lenders at a day-long, state-sponsored forum on Wednesday, April 17, 2013, at the Omni New Haven Hotel in New Haven.
Consumer Complaint Resources Available As Required By Lender Processing Services Inc. Settlement
WASHINGTON, D.C. - March 25, 2013 - (RealEstateRama) -- Attorney General George Jepsen is advising consumers that two toll-free numbers are available for questions about faulty mortgage-related documents or field services provided by Lender Processing Services Inc., and its subsidiaries, LPS Default Solutions and DocX.