A state-federal settlement with mortgage lender and servicer HSBC will provide direct payments to Delaware borrowers for past foreclosure abuses, loan modifications and other relief for borrowers in need of assistance, rigorous mortgage servicing standards, and grants oversight authority to an independent monitor
DOVER, DE - June 18, 2009 - (RealEstateRama) — Gov. Jack Markell today signed a proclamation officially declaring June as “Delaware Homeownership Month”. To help celebrate the First State’s ongoing commitment to homeownership, Governor Markell also announced the Foreclosure Mitigation Initiative – formed through a partnership among federal and state governments, local jurisdictions, legislators, financial institutions, housing counselors, and other for-profit and nonprofit organizations. The Initiative consists of three basic ideas
Delaware State Housing Authority (DSHA) announces the recipient of the 2014 Top Producing Lender Award - Trident Mortgage. Last year, Trident Mortgage successfully secured more than $28.5 million in mortgage loans for 176 families through DSHA’s homeownership programs. This is the sixth year in a row Trident Mortgage has earned DSHA’s Top Producing Lender Award, helping 886 families with more than $139 million in DSHA’s mortgages since 2009.
Delaware Attorney General Beau Biden announced today that the national shadow mortgage registry known as MERS, which was at the center of the housing crisis, has agreed to implement important reforms – including regular reports on the accuracy of its records – as part of a settlement of a lawsuit Biden’s office filed against it last year. Biden filed the suit after hearing from homeowners throughout Delaware who were unable to have meaningful conversations about saving their home and who were unable to find out who owned their mortgage.
Delaware Gov. Jack Markell and Attorney General Beau Biden announced a plan today that will use the funds the state is receiving from the National Mortgage Foreclosure Settlement to help Delawareans who have been hurt by the housing crisis
Wilmington, AR - February 13, 2012 - (RealEstateRama) -- The men and women serving in America’s military will gain important new protections under the multistate mortgage foreclosure settlement reached this week, Delaware Attorney General Beau and two federal officials said today. Biden, whose office took the lead in advocating for and negotiating the new military protections in the landmark settlement, was joined on a national media call by Assistant U.S. Attorney for Civil Rights Tom Perez, and Holly Petraeus, Assistant Director for the Consumer Financial Protection Bureau’s Office of Servicemember Affairs.
WILMINGTON, DE - June 8, 2011 - (RealEstateRama) -- Real Estate Mortgage Network, Inc. (REMN), a national mortgage lender based in River Edge, N.J., is pleased to announce the opening of its latest branch in Wilmington, DE. As REMN’s first branch in the state of Delaware, this new location will help the company better service the needs of region’s home buyers and real estate professionals, including those that live or work in and around the southeastern Pennsylvania, southern New Jersey and eastern shore of Maryland areas, including the regions surrounding Philadelphia and Camden
Dover, DE - March 17, 2011 - (RealEstateRama) -- Attorney General Beau Biden and bipartisan coalition of legislators unveiled five bills today to respond to the home foreclosure crisis in Delaware and help the economy grow . Recent years have seen a record pace of foreclosures in Delaware, with more than 22,000 foreclosure filings since 2007. The state is expected to see another record year in 2011, surpassing the 2010 mark of 6,400 filings.
Washington, Dc - February 12, 2010 - (RealEstateRama) -- This week, Federal Reserve Chairman Bernanke released plans to reduce its emergency lending programs used during the economic crisis. Bernanke detailed actions the Fed may take to reduce its $2.2 trillion balance sheet, including a commitment to purchase up to $1.25 trillion in mortgage-backed securities. The actions from the Fed have been questionable due to lack of transparency and use of emergency powers, outside of Congressional oversight
Wilmington, DE - February 4, 2010 - (RealEstateRama) -- Today, Attorney General Beau Biden announced that Jamaar Manlove, Larry Manlove, Rhonda Manlove, Master Builders for Christ and Vision Builders Christian Center have been charged in a 21-count indictment for crimes related to a mortgage rescue scam. Warrants have been issued for their arrest and racketeering liens have been placed on their assets. This represents what is believed to be one of the largest mortgage rescue fraud indictments in Delaware history. The indictment alleges that Jamaar Manlove ran a criminal enterprise involving theft, money laundering, and forgery in which he preyed on vulnerable homeowners who faced imminent foreclosure. In these scams, struggling homeowners sell their homes to third parties to avoid foreclosure based on the false promise that they can repurchase their homes through a complex sale/lease-back arrangement when their financial situations improve. In reality, this never happens.
Senate Judiciary Committee Hearing on Mortgage Fraud, Securities Fraud, and the Financial Meltdown: Prosecuting...
December 9, 2009 - (RealEstateRama) -- Good afternoon, everyone. I am honored to call to order this hearing of the Senate Committee on the Judiciary. And I thank Chairman Leahy for permitting me to chair this hearing
Attorney General’s Mortgage Fraud Task Force supports August housing workshops to help homeowners and...
Wilmington, DE - August 14, 2009 - (RealEstateRama) -- The Attorney General’s Mortgage Fraud Task Force is supporting two August workshops sponsored by Delaware non-profit housing agencies. These workshops, in Georgetown and Newark, are designed to help homeowners who are worried about missing a mortgage payment, are facing foreclosure, or suspect a foreclosure scam. The FREE workshops are as follows
Office of Finance Announces Second Quarter 2009 Combined Operating Highlights for the Federal Home...
August 13, 2009 - (RealEstateRama) -- The Office of Finance is pleased to announce second quarter 2009 combined operating highlights for the Federal Home Loan Banks. These highlights have been prepared from unaudited financial information of each FHLBank. Current financial reports and other SEC filings for individual FHLBanks can be obtained by searching the EDGAR database
DOVER, DE - June 17, 2009 - (RealEstateRama) — Gov. Jack Markell today signed a proclamation officially declaring June as “Delaware Homeownership Month”. To help celebrate the First State’s ongoing commitment to homeownership, Governor Markell also announced the Foreclosure Mitigation Initiative – formed through a partnership among federal and state governments, local jurisdictions, legislators, financial institutions, housing counselors, and other for-profit and nonprofit organizations. The Initiative consists of three basic ideas
May 19, 2009 - (RealEstateRama) — Delaware State Housing Authority Director (DSHA) Anas Ben Addi today announced that Cynthia Karnai has been promoted to Director of Housing Finance, an essential component of the senior management team of Delaware State Housing Authority. She joined DSHA as the Assistant Housing Finance Administrator in 2005. Ben Addi stated, "DSHA is fortunate to have such a qualified individual join the staff. Her advanced education and housing experience will prove to be invaluable in achieving our goals.”
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