Laws & Taxes
Mortgage Broker Pleads Guilty to Bank Fraud Related to Residential Loan Applications
February 10, 2010 Posted by Oregon RealEstateRama
PORTLAND, OR - February 9, 2010 - (RealEstateRama) — Joel D. Surprenant, 43, of West Linn, Oregon, pled guilty today to the crime of bank fraud. Surprenant is scheduled to appear again before U.S. District Judge Robert E. Jones on May 12, 2010, for sentencing on these charges.
State housing projects get funding boost
December 16, 2009 Posted by OHCS
Salem, OR - December 15, 2009 - (RealEstateRama) — The State Housing Council approved additional funding to housing developers throughout the state, boosting the number of affordable housing units statewide.
House Unanimously Passes Blumenauer Provision, Extends Homebuyer Credit to Americans Serving Abroad
October 8, 2009 Posted by Oregon RealEstateRama
Washington, DC - October 8, 2009 - (RealEstateRama) — The House today passed the Service Members Home Ownership Tax Act of 2009, H.R. 3590, which includes a Blumenauer provision that allows members of the armed services, Foreign Service, and intelligence community to take full advantage of the 2009 First Time Homebuyer Tax Credit.
Blumenauer to Extend First Time Homebuyer Tax Credit to Overseas Government Employees
September 19, 2009 Posted by Oregon RealEstateRama
Washington, DC - September 16, 2009 - (RealEstateRama) — Congressman Earl Blumenauer (D-Ore) today introduced a bill that would allow members of the armed services, Foreign Service, and intelligence community to take full advantage of the 2009 First Time Homebuyer Tax Credit.
Recovery Act awards address low-income housing tax credit financing gaps
September 3, 2009 Posted by OHCS
Salem, OR - September 2, 2009 - (RealEstateRama) — Governor Ted Kulongoski announced awards totaling close to $19 million in American Recovery and Reinvestment Act (Recovery Act) funds that will aid the completion of seven low-income housing projects.
Tax credits available for farmworker housing
July 8, 2009 Posted by OHCS
Salem, OR - July 8, 2009 - (RealEstateRama) – Oregon Housing and Community Services (OHCS) today announced a continuing funding opportunity for farmworker housing.
Oregon’s $27.3 million Tax Credit Assistance Plan approved
July 1, 2009 Posted by OHCS
Salem, OR - June 30, 2009 - (RealEstateRama) – The U.S. Department of Housing and Urban Development (HUD) today approved Oregon’s Tax Credit Assistance Program (TCAP) application, awarding $27.3 million in federal funds to strengthen affordable housing projects throughout the state.
Technical Advisory - Fall 2009 CFC: Preservation
May 7, 2009 Posted by OHCS
Salem, OR - May 6, 2009 - (RealEstateRama) — The long-awaited federal guidance this week for implementing key elements of the stimulus bill creates the opportunity for Oregon Housing and Community Services to move forcefully ahead with a large spring round of its Consolidated Funding Cycle, now underway.
State bans Portland-area mortgage loan originator
April 24, 2009 Posted by Oregon RealEstateRama
Salem, OR - April 24, 2009 - (RealEstateRama) — In an ongoing effort to better protect Oregon mortgage borrowers from fraud, the Department of Consumer and Business Services issued a cease-and-desist order permanently barring Larry Jason Somera of West Linn from the mortgage lending industry after he pleaded guilty in Multnomah County Court to one count of forgery.
Homeowners Should Be Wary of Loan Modification Offers
March 6, 2009 Posted by Oregon RealEstateRama
Salem, OR - March 4, 2009 - (RealEstateRama) — Oregonians facing foreclosure should beware of offers to modify their mortgage loan or find a loan modification for a fee, the Oregon Department of Consumer and Business Services and Department of Justice warned today.
State issues fines, orders in mortgage fraud case
March 1, 2009 Posted by Oregon RealEstateRama
Salem, OR - February 26, 2009 - (RealEstateRama) — In an ongoing effort to increase enforcement of mortgage lending laws, the Oregon Department of Consumer and Business Services levied fines against a mortgage broker and one of its employees for unethical and fraudulent behavior.
Eleven Count Federal Indictment Charges Former Portland Loan Officer with Mortgage Fraud
March 1, 2009 Posted by Oregon RealEstateRama
Portland, Ore. - February 20, 2009 - (RealEstateRama) — U.S. Attorney for the District of Oregon, Karin J. Immergut, announced a federal indictment was filed in U.S. District Court for the District of Oregon charging Kamau Herndon, 37, of Portland, with six counts of wire fraud, one count of mail fraud, three counts of money laundering, and one count of aggravated identity theft in connection with a mortgage fraud scheme.
State denies license, orders mortgage broker to cease and desist
October 20, 2008 Posted by Oregon RealEstateRama
Firm ordered to pay $70,000 in fines for violations of Oregon Mortgage Lender Law
Salem, OR - October 20, 2008 - (RealEstateRama) — In a continuing effort to increase enforcement in mortgage lending, the Oregon Department of Consumer and Business Services issued a cease-and-desist order and assessed $70,000 in fines against NLC of OR Inc., formerly […]
Real Estate Loan Officer Pleads Guilty to Mortgage Fraud Scheme
October 6, 2008 Posted by Oregon RealEstateRama
Portland , Ore. - October 2, 2008 - (RealEstateRama) — Marty Ray Folwick, 50, pled guilty today before United States District Court Judge Garr M. King to four counts of a 15-count federal indictment which was returned by a grand jury on June 12, 2008 . The guilty plea was entered as part of a […]
State takes enforcement action against four mortgage brokers
August 19, 2008 Posted by Oregon RealEstateRama
Cases involve unethical behavior, falsified loan documents, training requirements
Salem, OR - August 19, 2008 - (RealEstateRama) — In its continuing effort to strengthen enforcement in the mortgage lending industry, the Oregon Department of Consumer and Business Services issued cease-and-desist orders and fines against four mortgage companies for violating Oregon’s mortgage lending laws.
