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Mortgage

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.

Former Connecticut Resident Sentenced to 37 Months in Prison for Mortgage Fraud Offenses

WASHINGTON, D.C. – February 22, 2013 – (RealEstateRama) — David B. Fein, United States Attorney for the District of Connecticut, today announced that ERIC S. SCHERZ, 44, of Stuart, Florida, formerly of Barkhamsted, Connecticut, was sentenced yesterday by United States District Judge Vanessa L. Bryant in Hartford to 37 months of imprisonment followed by three years of supervised release for mortgage fraud offenses

Attorney General Says Help to State Homeowners Running Ahead of Earlier Mortgage Relief Estimates

WASHINGTON, D.C. – February 21, 2013 – (RealEstateRama) — Attorney General George Jepsen said Connecticut’s distressed homeowners are on track to receive significantly more mortgage relief from the $25 billion national mortgage foreclosure settlement than anticipated when the settlement was announced last year.

Connecticut Man Sentenced to More Than 15 Years in Federal Prison for Operating Mortgage Fraud Scheme

WASHINGTON, D.C. – February 13, 2013 – (RealEstateRama) — The United States Attorney for the District of Connecticut announced that William A. Trudeau, Jr., 50, Norwalk, was sentenced today by United States District Judge Janet C. Hall in New Haven to 188 months of imprisonment, followed by five years of supervised release, for operating a mortgage fraud scheme in Fairfield County. In addition, Trudeau’s wife, Heather Bliss, 37, was sentenced today to 30 months of imprisonment, followed by three years of supervised release, for her role in the scheme. Bliss was also ordered to pay a fine of $12,500.

Connecticut Resident Charged with Orchestrating Extensive Mortgage Fraud Scheme

NEW HAVEN, CT – February 1, 2013 – (RealEstateRama) — Filippos “Filip” Milios, 54, of Newington, Connecticut, was arrested today on a federal criminal complaint charging him with bank fraud stemming from his alleged involvement in an extensive mortgage fraud scheme in the greater Hartford area, announced U.S Attorney for the District of Connecticut David B. Fein.

Multistate Settlement Agreement Reached Over Mortgage Document Execution Practices

WASHINGTON, D.C. – January 31, 2013 – (RealEstateRama) — Attorney General George Jepsen today announced a $120 million multistate settlement agreement with Lender Processing Services, Inc. and its subsidiaries, LPS Default Solutions and DocX, over alleged improper practices for executing mortgage-related documents.

Duff Welcomes Funding for Mortgage Job Training Program

December 6, 2010 – (RealEstateRama) — A $1.3 million grant for the state’s Mortgage Crisis Job Training Program is expected to gain approval when the State Bond Commission meets later this week, news that state Senator Bob Duff (D-Norwalk), Senate chair of the General Assembly’s Banks Committee, welcomed today.

McDonald’s Homeowners’ Foreclosure Assistance Bill Receives Praise, Support at Public Hearing

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 – (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

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 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 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

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.