Mortgage

Mortgage

Husband and Wife Sentenced for Mortgage Fraud

May 27, 2011 - (RealEstateRama) -- Former Treasure Valley residents Shane M. Hymas and Laurie Kreschelle Hymas, both age 32, now of American Fork, Utah, were sentenced today in district court in Boise for bank fraud, announced U.S. Attorney Wendy J. Olson.

Department of Finance Offers Tips to Distressed Homeowners on How to Avoid Mortgage Relief...

April 22, 2011 - (RealEstateRama) -- As a part of Financial Literacy Month the Idaho Department of Finance is promoting online resources for homeowners who are behind on their mortgage payments, or who may be at risk of falling behind on their mortgage payments. “Homeowners need to know that federal and state laws are in place to protect them from mortgage relief scams that have sprung up during the mortgage crisis,” said Gavin Gee, Department of Finance director.

Two More Plead Guilty in Ongoing Treasure Valley Mortgage Fraud Case

February 16, 2011 - (RealEstateRama) -- Melody C. Redondo, 32, and Paul G. Redondo, 33, both of Meridian, Idaho, entered guilty pleas today in U.S. District Court in Boise, U.S. Attorney Wendy J. Olson announced. Melody Redondo pleaded guilty to making a false statement to a financial institution, a felony. Paul Redondo pleaded guilty to misdemeanor theft from a financial institution

IHFA announces record low interest rate of 3.75%

BOISE, ID - October 26, 2010 - (RealEstateRama) -- Idaho Housing and Finance Association today announced a 30-year fixed interest rate of 3.75%, the lowest rate in IHFA’s history. This low rate provides opportunity for qualified homebuyers who can choose from FHA, VA, and RD loan products that best meet their needs. Potential homeowners can visit www.IdaMortgage.com, our homeownership resource center, to check their eligibility for a loan.

MILLION DOLLAR JUDGMENT AND FINDINGS OF MULTIPLE VIOLATIONS OF IDAHO LAW ENTERED AGAINST SEATTLE-BASED...

Boise, ID - August 11, 2010 - (RealEstateRama) -- An Ada County judge has ordered more than $1 million in penalties and restitution against Access Mortgage Company, Inc. (Access Mortgage), a Seattle-based mortgage broker, for violating Idaho laws relating to mortgage and financial fraud.

IHFA launches low down payment financing that makes homeownership attainable

BOISE, ID - June 7, 2010 - (RealEstateRama) -- Idaho Housing and Finance Association (IHFA) continues to make homeownership a real possibility for Idahoans with the launch of a new product for creditworthy homebuyers through its IdaMortgage program. The new Affordable Advantage Loan offers a down payment as low as $1,000, and has no mortgage insurance requirement, saving qualified borrowers money on their mortgage payment every month.

California Company Ordered to Cease and Desist Mortgage Modification Solicitations in Idaho

Boise, ID - April 8, 2010 - (RealEstateRama) -- The Idaho Department of Finance announced the issuance of a cease and desist order today against California-based “Relief Law Center,” stemming from alleged unlawful mortgage modification solicitations targeted to Idaho homeowners.

State Mortgage Regulators Announce Launch of “NMLS Consumer Access”

January 28, 2010 - (RealEstateRama) -- Today the Nationwide Mortgage Licensing System & Registry (NMLS)—a mortgage licensing system operated by state financial regulators, including Idaho—is launching “NMLS Consumer Access.” NMLS Consumer Access is a fully searchable website that allows the public to view information concerning state-licensed mortgage companies, branches, and individuals currently licensed through NMLS

Settlement Gains Refunds for Idaho Mortgage Modification Victims

Boise, ID - December 23, 2009 - (RealEstateRama) -- Twelve Idaho homeowners who paid a Meridian man, Paul Clarence Aughtry, IV, for mortgage loan modifications will receive refunds totaling $12,400 as a result of settlement agreements with Attorney General Lawrence Wasden and the Idaho Department of Finance. As a result of the actions, Aughtry is prohibited from engaging in loan modification activities in Idaho.

Minnick supports two credit measures for consumers

Washington, D.C. - December 2, 2009 - (RealEstateRama) -- In these tough times, Idahoans deserve the chance to buy a home or attend college without having to worry about unfair marks from credit agencies.

Department of Finance Orders Meridian Mortgage Loan Modification Company to Cease Further Business Activities

Boise, ID - October 14, 2009 - (RealEstateRama) -- The Idaho Department of Finance announced today the issuance of a Cease and Desist Order against Meridian-based International Co-op LLC for engaging in unlicensed mortgage loan modification activities and for illegally charging distressed Idaho homeowners exorbitant upfront fees.

New Idaho Requirements For Mortgage Loan Originators

Governor Otter Approves Law Implementing New Federally Required Standards. Boise, ID - July 2, 2009 - (RealEstateRama) — Department of Finance Director Gavin Gee announced that new federal standards governing the licensing and oversight of mortgage loan originators took effect in Idaho today, July 1, 2009.

Department of Finance Announces Multi-State Settlement Agreement with Taylor Bean & Whitaker Mortgage Corporation

Model Agreement Will Bring Relief to Homeowners. Boise, ID - June 24, 2009 - (RealEstateRama) — Gavin Gee, director of the Idaho Department of Finance, announced today a formal settlement agreement with Florida-based Taylor, Bean & Whitaker Mortgage Corporation (TBW) regarding “nontraditional” mortgage loans it made in 2006

Permanent Injunction Entered Against Boise Man For Originating Mortgage Loans Without A License

Boise, ID - May 27, 2009 - (RealEstateRama) — An Ada County District Court Judge has entered a permanent injunction against a Boise man for accepting and negotiating residential mortgage loan applications without a license on behalf of Idaho borrowers.

UNLICENSED MORTGAGE LOAN MODIFICATION COMPANY’S FALSE GUARANTEE TO AVOID FORECLOSURE LEAVES DISTRESSED HOMEOWNERS WITHOUT...

Boise, ID - April 27, 2009 - (RealEstateRama) — The Idaho Department of Finance has ordered National Foreclosure Relief, Inc. (National Foreclosure), a Nevada corporation, to cease and desist from offering and selling mortgage loan modification services to Idaho residents. The company apparently targets distressed homeowners seeking to avoid foreclosure on their homes.

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Risch, King Bill to Protect Energy Infrastructure Secures Western Governors’ Association...

U.S. Senators Angus King (I-Maine) and Jim Risch (R-Idaho) today announced that the Western Governors’ Association, a bipartisan group of 19 governors from Western states and 3 governors from Western U.S. territories, has endorsed the Securing Energy Infrastructure Act. The bipartisan legislation, introduced by the Senators earlier this year, seeks to protect America’s electric grid from cyber-attacks. The WGA expressed their support in a letter earlier this month to the Chairs and Ranking Members of the Senate Committee on Energy and Natural Resources and the Subcommittee on Energy.