Mortgage

Mortgage

Strong first-time homebuyer demand drives $185 million CHFA bond sale

The Connecticut Housing Finance Authority (CHFA) plans to offer $185 million in bonds in August due to increasing demand from qualified homebuyers. On August 3, 2016, $145 Million in Fixed Rate Bonds will be sold, and $40 Million in Variable Rate Bonds are scheduled for sale on August 24. Proceeds from the sale will be used to finance about 750 single-family mortgages and refund prior bonds to take advantage of the low interest rate environment.

Ringleader of Mortgage Loan Modification Scheme Sentenced to More Than 9 Years in Federal...

33, of Santa Ana, Calif., was sentenced today by U.S. District Judge Stefan R. Underhill in Bridgeport to 112 months of imprisonment, followed by three years of supervised release, for heading a mortgage loan modification scheme that defrauded more than 1,000 struggling homeowners across the United States

Ringleader of Mortgage Loan Modification Scheme Pleads Guilty

Deirdre M. Daly, United States Attorney for the District of Connecticut, announced that ARIA MALEKI, 33, of Santa Ana, Calif., pleaded guilty today before U.S. District Judge Stefan R. Underhill in Bridgeport to conspiring to defraud homeowners across the United States who were seeking mortgage loan modifications.

Owner of Connecticut Media Agency that Falsely Advertised Mortgage Modification Services is Sentenced

The advertisements included toll-free telephone numbers for mortgage borrowers to call for help modifying their mortgages. In truth, NMHC did not provide mortgage modification services for any homeowners, and operated only as a front. Homeowners who called the toll-free telephone numbers advertised by NMHC were routed to National Media Connection’s clients

CHFA issues RFP for Bond Underwriters

The Authority is requesting Proposals (the “RFP”) from qualified municipal housing bond underwriters, investment bankers or institutions (the “Firms”) to serve as senior manager(s), co-manager(s) and/or selling group member(s) in connection with the issuance or placement of various series of single family and multifamily bonds, debt, certificate or instrument, purchase and sale of securities including but not limited to, mortgage-backed securities for the benefit of its mission.

Owner of CT Media Agency that Advertised Mortgage Assistance Pleads Guilty to False Advertising...

Deirdre M. Daly, United States Attorney for the District of Connecticut, announced that MATTHEW GOLDREICH, 46, of East Lyme, pleaded guilty today in New Haven federal court to a false advertising offense stemming from his production and dissemination of false advertisements for mortgage modification services.

CHFA plans to sell $161 million in Tax Exempt Bonds to finance single family...

The Connecticut Housing Finance Authority (CHFA) plans to offer $161 million in Tax Exempt Bonds next Wednesday July 22, 2015. Proceeds from the sale of these bonds will be used to finance the Authority’s single-family mortgage program

Former West Hartford Attorney Sentenced to Prison for Role in Mortgage Fraud Scheme

Deirdre M. Daly, United States Attorney for the District of Connecticut, announced that GABRIEL SERRANO, 49, of West Hartford, was sentenced today by Judge Alvin W. Thompson to 12 months and one day of imprisonment, followed five years of supervised release, for his role in an extensive mortgage fraud scheme

Sen. Blumenthal, New Haven Mayor Harp Announce Emergency Mortgage Assistance Funds Available

Standing amidst a sea of signs featuring the word “home” in various languages, New Haven Mayor Toni Harp and Connecticut’s U.S. Senator Richard Blumenthal announced today that the Connecticut Housing Finance Authority (CHFA) is accepting applications for Connecticut’s Emergency Mortgage Assistance Program (EMAP)

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

GOV. MALLOY ANNOUNCES FUNDS TO SUPPORT AFFORDABLE HOUSING THROUGHOUT THE STATE

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...

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

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MURPHY CRITICIZES CONTINUED NEGLIGENCE AND ABUSE AT HOMES FOR DEVELOPMENTALLY DISABLED;...

Following continued alarming reports of negligence and abuse at homes for developmentally disabled residents, U.S. Senator Chris Murphy (D-Conn.), a member of the U.S. Senate Health, Education, Labor, and Pensions Committee, committed to introduce legislation to address this issue. The second investigation released today by the Office of the Inspector General (OIG) of the Department of Health and Human Services outlined issues in Massachusetts similar to those found in the OIG investigation into Connecticut, which was released on May 24, 2016

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DeLauro Calls For A National Infrastructure Bank And A Major Investment...

Congresswoman Rosa DeLauro (CT-03) today visited Tilcon Connecticut in to call for the creation of a National Infrastructure Bank. DeLauro has introduced legislation to create such a program, which would help finance the nation’s most critical infrastructure projects, while also creating good paying jobs repairing roads, building bridges, and creating safer and more modern water projects.