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SIGTARP SHUTS DOWN 85 ONLINE MORTGAGE MODIFICATION SCAMS ADVERTISED ON GOOGLE
November 17, 2011 Posted by Oregon RealEstateRama
WASHINGTON, DC – November 17, 2011 – (RealEstateRama) — The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) today announced that it has shut down 85 alleged online mortgage modification scams that prey on vulnerable homeowners through Web banners and other Web advertisements. SIGTARP investigates mortgage modification schemes in which companies charge struggling homeowners a fee in exchange for false promises of lowering the homeowner’s mortgage through TARP’s housing program known as the Home Affordable Modification Program (HAMP). Google, in cooperation with an ongoing criminal SIGTARP investigation of these scams, has suspended advertising relationships with more than 500 Internet advertisers and agents associated with the 85 alleged online mortgage fraud schemes and related deceptive advertising.
Merkley Urges Obama to Include Mortgage Help, Energy Efficiency Programs in Jobs Agenda
September 6, 2011 Posted by Oregon RealEstateRama
Portland, OR – September 6, 2011 – (RealEstateRama) — Next week, President Barack Obama plans to lay out an agenda to jumpstart the American economy and create jobs. Oregon’s Senator Jeff Merkley is urging him to use that opportunity to take aggressive action to keep families in their homes and to finance energy efficiency renovations to reduce energy use and get Americans back to work.
Bend Mortgage Broker Sentenced to Prison
August 4, 2011 Posted by Oregon RealEstateRama
EUGENE, OR – August 4, 2011 – (RealEstateRama) — Today, Del Barber, Jr., 46, of Bend, Oregon, was sentenced by U.S. District Court Judge Michael R. Hogan to 15 months in prison for mortgage fraud and health care fraud and was ordered to pay over $200,000 in restitution to the victims of his frauds.
Four Indicted in Drug Trafficking, Mortgage Fraud Scheme
July 13, 2011 Posted by Oregon RealEstateRama
PORTLAND, OR – July 13, 2011 – (RealEstateRama) — Two members of an alleged drug trafficking organization were arraigned today on money laundering and marijuana trafficking charges involving the abuse of the Oregon Medical Marijuana Program (OMMP), U.S. Attorney Dwight C. Holton announced. Tu Ngoc Tran, 37, and Minhthy Ngoc Nguyen, aka Minh Thy Nguyen, Minaty Nguyen, Minthy Nguyen, 32, were each indicted on charges of conspiracy to manufacture and distribute more than 1,000 marijuana plants, manufacturing over 100 marijuana plants, and money laundering.
Merkley, Snowe, Reed, Whitehouse Offer Amendment to End Worst Mortgage Abuses
June 14, 2011 Posted by Oregon RealEstateRama
WASHINGTON, DC – June 14, 2011 – (RealEstateRama) — U.S. Senators Jeff Merkley (D-OR), Olympia Snowe (R-ME), Jack Reed (D-RI) and Sheldon Whitehouse (D-RI) offered the Regulation of Mortgage Servicing Act of 2011 as an amendment to the Public Works and Economic Development Reauthorization Bill. The mortgage servicing bill would help homeowners stay in their homes by ending some of the well-documented abuses by mortgage servicers leading to foreclosures, and would produce a positive ripple effect through the economy by reducing the overall number of foreclosures.
Sentencing of Real Estate Agent Concludes Prosecution of Mortgage Fraud Scheme
June 14, 2011 Posted by Oregon RealEstateRama
PORTLAND, OR – June 14, 2011 – (RealEstateRama) — Jennifer Venable, 29, of Beaverton, Oregon, was sentenced by the Honorable Robert E. Jones of the United States District Court on June 8, 2011, to 5 years’ probation and ordered to pay $15,000 in restitution relative to her January 13, 2011 wire fraud conviction.
Merkley, Snowe Introduce Bill to Hold Mortgage Servicers Accountable
May 12, 2011 Posted by Oregon RealEstateRama
WASHINGTON, DC – May 12, 2011 – (RealEstateRama) — U.S. Senators Jeff Merkley (D-OR) and Olympia Snowe (R-ME) today introduced the “Regulation of Mortgage Servicing Act” to help homeowners stay in their homes by making the rules for mortgage servicers more fair and transparent.
Merkley Joins Effort to Protect Servicemembers From Falling Victim to Mortgage Abuses
March 7, 2011 Posted by Oregon RealEstateRama
PORTLAND, OR – March 7, 2011 – (RealEstateRama) — Oregon’s Senator Jeff Merkley joined Senator Sheldon Whitehouse (D-RI) in an effort to strengthen mortgage protections for servicemembers once they return home from duty.
HUD APPROVES $22 MILLION FINANCING PLAN TO REPLACE CRITICAL ACCESS HOSPITAL IN COQUILLE, OREGON
December 7, 2010 Posted by HUD
WASHINGTON, DC – December 7, 2010 – (RealEstateRama) — The U.S. Department of Housing and Urban Development (HUD) today announced a commitment to insure a mortgage loan to the Coquille Valley Hospital District in Coquille, Oregon. The $22 million loan is made possible through the Federal Housing Administration’s (FHA) Section 242 Hospital Mortgage Insurance Program.
Local Mortgage Broker Found Guilty of Bank and Wire Fraud
December 6, 2010 Posted by Oregon RealEstateRama
PORTLAND, OR – December 6, 2010 – (RealEstateRama) — Beniamin Lucian Lucescu, 41, of Portland, Oregon, was convicted yesterday of the crimes of bank fraud and wire fraud following a three-day jury trial. Lucescu is scheduled to appear before U.S. District Judge Michael W. Mosman on February 11, 2011 for sentencing on these charges.
MEDFORD AREA DEVELOPER AND MORTGAGE BROKER CONVICTED OF RACKETEERING, SECURITIES FRAUD AND AGGRAVATED THEFT
November 22, 2010 Posted by Oregon RealEstateRama
November 22, 2010 – (RealEstateRama) — Attorney General John Kroger today announced the conviction of a Medford-area developer and mortgage broker in a complex real estate Ponzi scheme to defraud investors
Massive Mortgage Servicing Problems Exposed
November 17, 2010 Posted by Oregon RealEstateRama
Washington, D.C. – November 17, 2010 – (RealEstateRama) –Oregon’s Senator Jeff Merkley, a member of the Senate Banking Committee, issued the following statement Tuesday after the committee’s hearing on the major problems in the national mortgage servicing industry:
Breaking News – MERS documentation fraud by WaMu/Chase Bank and Other Major Lenders
October 18, 2010 Posted by Nicole O.
October 18, 2010 – (RealEstateRama) — Since I as an Oregonian started investigating my own personal foreclosure and wanting more research and information on the fraud in Oregon regarding false documents and MERS, I decided to expand my research now into investigative journalism for Oregonians. Not one major law firm has yet to be found in any of the major search engines for MERS Fraud perpetrated upon many unsuspecting homeowners in Oregon State.
OREGON ATTORNEY GENERAL JOHN KROGER ANNOUNCES MULTI-STATE INVESTIGATION INTO MORTGAGE FORECLOSURE IRREGULARITIES
October 13, 2010 Posted by Oregon RealEstateRama
October 13, 2010 – (RealEstateRama) — Attorney General John Kroger and the Oregon Department of Consumer and Business Services today announced a multi-state investigation into whether affidavits and other documents have been improperly used as part of the foreclosure process.
Consumers have new tool to check out mortgage lenders
August 4, 2010 Posted by Oregon RealEstateRama
Salem, OR – August 3, 2010 – (RealEstateRama) — Starting this week, Oregonians looking to buy a home or refinance their mortgage can go online to see if a mortgage lender has met stringent new licensing standards.
