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McDonald’s Homeowners’ Foreclosure Assistance Bill Receives Praise, Support at Public Hearing
March 4, 2010 Posted by Connecticut RealEstateRama
March 4, 2010 - (RealEstateRama) — A bill by State Senator Andrew J. McDonald (D-Stamford) that is designed to make banks and other financial institutions work more closely with homeowners during foreclosure proceedings received a strong outpouring of support today during its public hearing before the Judiciary Committee
Real Estate Appraiser Charged with Making False Statement on Mortgage Loan Application
November 19, 2009 Posted by Connecticut RealEstateRama
November 19, 2009 - (RealEstateRama) — Nora R. Dannehy, United States Attorney for the District of Connecticut, today announced that a federal grand jury sitting in Bridgeport has returned an indictment charging THOMAS PRESTON, 49, of Norwalk, with one count of making a false statement on a mortgage loan application.
Governor Rell: New Laws Expand Mortgage Help For Connecticut Homeowners Facing Foreclosure
August 6, 2009 Posted by Connecticut RealEstateRama
More Families Eligible for Governor’s Mortgage Assistance Programs. August 5, 2009 - (RealEstateRama) — Governor M. Jodi Rell today announced that more Connecticut families facing foreclosure will be able to get the financial help they need to stay in their homes thanks to new legislation she has signed into law.
Governor Rell Signs Trio of Bills to Help Connecticut Families Struggling with Mortgages
July 13, 2009 Posted by Connecticut RealEstateRama
July 10, 2009 - (RealEstateRama) — Governor M. Jodi Rell today announced she has signed three important bills that will help more Connecticut families who are struggling to pay their mortgages keep their homes, including a bill making the state’s foreclosure mediation process mandatory – rather than optional – for all foreclosures that began after July 1. The bills also set new standards for mortgage professionals, expand eligibility for state mortgage assistance programs and create the crime of residential mortgage fraud.
Dodd, Frank Ask Regulators to Address 2nd Mortgages Valuation Problems that Discourage Loan Modifications
July 13, 2009 Posted by Connecticut RealEstateRama
July 10, 2009 - (RealEstateRama) — Today Senate Banking Committee Chairman Chris Dodd (D-CT) and House Financial Services Chairman Barney Frank (D-MA) sent a letter to the heads of the bank regulatory agencies asking them to address whether banks are inflating the value of 2nd mortgages on their balance sheets, thereby discouraging proactive efforts to modify and restructure mortgage loans and crippling programs designed to prevent foreclosures.
Governor Rell Announces Plan to Help More Homeowners through the CT FAMLIES Program
March 25, 2008 Posted by Connecticut RealEstateRama
Governor M. Jodi Rell announced today enhancements to the CT FAMLIES refinancing program to assist more homeowners caught up in the sub-prime mortgage crisis in Connecticut. The changes to the program will allow more homeowners to participate in the program and provide more direct assistance to Connecticut families facing foreclosure.
State offers $50m in subprime relief
November 9, 2007 Posted by Connecticut RealEstateRama
Gov. M. Jodi Rell on Thursday announced the state is throwing a $50 million lifeline to subprime borrowers in danger of losing their homes. Rell said the Connecticut Housing Finance Authority will create the $50 million CT Families fund to refinance subprime loans for those who qualify. The money comes from previously issued bonds.
