Department of Finance Warns of Mortgage Modification Scam Targeting Spanish Speaking Idahoans
Boise, ID - August 31, 2011 - (RealEstateRama) -- Gavin Gee, director of the Idaho Department of Finance, today warned that a company calling itself Freedom Companies Marketing, Inc., Freedom Companies, Inc., Freedom Companies Lending, and Freedom Financial Mortgage (Freedom) has been targeting Spanish speaking Idaho homeowners with false promises of a government-guaranteed mortgage loan modification for a large upfront fee.
New Energy-Efficient Apartments are the Answer to High Energy Bills for Renters: The Springs,...
MCCALL, ID - August 23, 2011 - (RealEstateRama) -- With the temperatures close to the 80s in August, it’s is easy to forget the long winters we love so much in McCall, and the high energy bills we don’t really love as much. Residents of The Springs, the new 36 unit affordable housing project in McCall, won’t have to worry about energy bills this winter, though, and can concentrate instead on enjoying the snow outside, or a nice hot chocolate inside their new warm apartments.
U.S. Department of the Treasury, Idaho Housing and Finance Association $13.2 Million Awarded to...
BOISE, ID - August 19, 2011 - (RealEstateRama) -- Idaho Housing and Finance Association (IHFA) announced today the approval of Idaho’s State Small Business Credit Initiative (SSBCI) application by the U.S. Department of the Treasury. The SSBCI program, which supports state-level, small-business lending programs, is an important component of the Small Business Jobs Act signed into law last fall
Meridian Real Estate Agent Sentenced for Mortgage Fraud
BOISE, ID - July 13, 2011 - (RealEstateRama) -- Melody C. Redondo, 33, of Meridian, Idaho, was sentenced today to 15 months in prison followed by five years of supervised release for making a false statement to a financial institution, U.S. Attorney Wendy J. Olson announced. Chief U.S. District Judge B. Lynn Winmill also ordered Redondo to pay $333,403.26 in restitution and perform 80 hours of community service. She pleaded guilty to the charge on February 15, 2011.
IHFA to Oversee Federal Housing Compliance for 18,623 Section 8 Apartment Units
BOISE, ID - July 8, 2011 - (RealEstateRama) -- Idaho Housing and Finance Association (IHFA) was awarded the administration of four Project Based Contract Administration (PBCA) contracts by the U.S. Department of Housing and Urban Development (HUD). Last year, IHFA performed PBCA monitoring on 3,362 apartment units in Idaho. With the new contracts, IHFA will now monitor an additional 15,261
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.
Pocatello area REALTORS® and Lenders to be Honored at STAR Luncheon
POCATELLO, ID - March 29, 2011 - (RealEstateRama) -- Seventy-five Pocatello area REALTORS® are preparing to shine at a luncheon being held in their honor on Thursday, March 31st. The Saluting Top Area REALTORS® (“STAR”) Awards will be given out during the IdaMortgage Appreciation Luncheon. Hosted by Idaho Housing and Finance Association (IHFA), the event starts at noon at the Juniper Hills Country Club in Pocatello.
Former Mullan Woman Pleads Guilty to Contempt for Concealing Sale of Property in Bankruptcy...
March 18, 2011 - (RealEstateRama) -- Former Mullan, Idaho resident Vicki Jean Fehrs, 56, now living in Oregon, pleaded guilty yesterday in U.S. District Court in Coeur d'Alene, to contempt, a misdemeanor, for willfully disobeying a lawful order of a bankruptcy court, U.S. Attorney Wendy J. Olson announced.
$1.29 million from IHFA will help renovate affordable senior housing development
WALLACE, ID - March 18, 2011 - (RealEstateRama) -- A senior development will soon be rehabilitated with the help of funding from Idaho Housing and Finance Association (IHFA). IHFA has awarded $1.29 million in Tax Credit Assistance Program (TCAP) funding to Silver Hills Apartments in Wallace. Part of the American Recovery and Reinvestment Act (ARRA), these funds will allow for the rehabilitation of this 24-unit senior complex. Renovations will include replacement of all flooring, cabinets, plumbing, electrical fixtures, and an upgrade to energy efficient appliances for each of the units. Historical elements of the original building will be restored, the brick will be cleaned, and exterior siding and windows will be replaced. The funding also will help them ensure the development is ADA-compliant. Construction is expected to begin in early May, and the project is expected to be completed this fall.
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
Simpson Supports Terminating Tax Code
Washington, DC - January 28, 2011 - (RealEstateRama) -- Idaho Congressman Mike Simpson is an original cosponsor of H.R. 462, the Tax Code Termination Act. This legislation would abolish the Internal Revenue Code and call on Congress to fundamentally reform the federal tax system
Home for the holidays
CHUBBUCK, ID - November 23, 2010 - (RealEstateRama) -- A Chubbuck woman and her six children have much to be thankful for this holiday season. Ten years ago, Carey Jennings and her children were homeless. Now, they have moved into their new home just in time for the holidays with the help of the Homeownership Voucher (HOV) program. The family was eligible for this program because of their participation in the Housing Choice Voucher (HCV) rental assistance program through Idaho Housing and Finance Association’s Idaho Falls branch office. Jennings, who has received rental assistance for nine years, began to tally up how much she could have put toward a mortgage with the rent she had spent in that time. “Being a single mom, doing it on my own wasn’t an option,” Jennings said. “The extra assistance gave me the opportunity to buy a home.”
Grand reopening of newly renovated Galway Apartments to be held Tuesday
NAMPA, ID - November 16, 2010 - (RealEstateRama) -- Nampa residents are benefiting from newly rehabilitated affordable housing at Galway Apartments. Tomlinson & Associates is celebrating the grand reopening of this 56-unit complex with an open house from 3 to 8 p.m. Tuesday, Nov. 16 on site at Galway Apartments, 2201 W. Karcher Road. A ribbon cutting will be held at 3 p.m., followed by tours of the units and the new clubhouse throughout the afternoon and evening
$8,500 contributed to Finally Home!® Homebuyer Education Program from US Bancorp Foundation
BOISE, ID - November 12, 2010 - (RealEstateRama) -- US Bancorp Foundation recently contributed $8,500 to the Finally Home!® Homebuyer Education Program administered by the Idaho Partners for Home Buyer Education, Inc. (IPHBE, Inc.). US Bancorp has contributed on an annual basis since the program’s inception.