AG Reminds Consumers of Upcoming Claims Deadline in National Mortgage Settlement
Jackson, MS - January 11, 2012 - (RealEstateRama) -- Attorney General Jim Hood reminds Mississippians that all claims applications covered by the National Mortgage Settlement are due January 18, 2013
Mississippi Joins $25 Billion Joint State-Federal Mortgage Servicing Settlement on Foreclosure
Jackson, MS - February 13, 2012 - (RealEstateRama) -- Attorney General Jim Hood today announced Mississippi is part of the $25 billion joint federal-state agreement with the nation’s five largest mortgage servicers over foreclosure abuses and fraud, and unacceptable nationwide mortgage servicing practices. The proposed agreement provides an estimated $47.1 million in direct relief to Mississippi homeowners and addresses future mortgage loan servicing practices.
Two Sentenced for Mortgage Fraud
JACKSON, MS - November 10, 2011 - (RealEstateRama) -- Michael Lance Persac, 37, of Canton, was sentenced in federal court today to serve 30 months in federal prison followed by three years of supervised release for mortgage fraud, U.S. Attorney John Dowdy announced. He was also ordered to pay restitution of $574,413.99, and the Court entered an order of forfeiture in the form of a money judgment for $3,049,969.12. Persac was a mortgage loan originator who previously pled guilty to wire fraud conspiracy as a result of his role in a scheme to submit false documents to lenders in order to get fraudulent mortgage loans approved.
Four Sentenced for Mortgage Fraud
JACKSON, MS - November 7, 2011 - (RealEstateRama) -- Bobby F. Fisher, John W. Emory, III, Joni Lynn Goss, and Matt Howard were sentenced by U.S. District Judge Henry T. Wingate in federal court for crimes involving mortgage fraud, U.S. Attorney John M. Dowdy announced today.
MHC Announces Program to Help Unemployed Mississippians Who are Behind on Mortgage Payments
Jackson, MS - May 12, 2011 - (RealEstateRama) -- The Mississippi Home Corporation (MHC) today announced its Home Saver program to help unemployed Mississippians bring their mortgages current and make monthly mortgage payments for up to 12 months while they look for work. The program’s Education Option assists homeowners for up to 12 additional months if they enroll in a certificate or degree-seeking program to improve their job skills and employability.
Mississippi Joins States Looking Into “Robo-Signers” at Major Mortgage Loan Companies
Jackson, MS - October 18, 2010 - (RealEstateRama) -- Attorney General Jim Hood is joining a 49-state bipartisan mortgage foreclosure working group, as part of a coordinated national effort by states to review the practice of so-called robo-signing within the mortgage servicing industry
Mississippi Home Corporation to Host Financial Health Workshop
Hattiesburg, MS - February 12, 2010 - (RealEstateRama) -- The Mississippi Home Corporation (MHC) will host a Financial Health Workshop on Thursday, February 25, 2010 at the Jackie Dole Sherrill Community Center, 220 West Front Street in Hattiesburg. MHC will host the free workshop from 4:00 p.m. until 7:00 p.m. The workshop will be particularly helpful for individuals who are worried about losing their home, are having trouble making ends meet, who believe they have a mortgage that is unfair, or simply want to learn how to manage their finance better. Attendees will have the opportunity to meet trained counselors who can review their finances, find other programs that can over assistance, and learn how to avoid financial pitfalls in the future.
Former Madison County Real Estate Investor Charged in Mortgage Fraud Scheme
JACKSON, MS - September 11, 2009 - (RealEstateRama) -- United States Attorney Stan Harris, Federal Bureau of Investigation Acting Special Agent in Charge Stephen F. Gomez, Federal Deposit Insurance Corporation - Office of Inspector General Special Agent in Charge Thomas C. McDade, and Madison/Rankin County District Attorney Michael Guest announced today that a federal grand jury has returned a six count indictment against Earline Y. Rawls in connection with a fraudulent mortgage loan scheme. The indictment charges Rawls with one count of conspiracy to commit bank fraud and six counts of bank fraud.
Mississippi Home Corporation Announces Availability of $25 Million to Fund Mortgages Statewide
First Issue of 2009 Reflects Easing Credit Environment. Jackson, MS - August 19, 2009 - (RealEstateRama) -- The Mississippi Home Corporation (MHC) has opened the reservation lines for its $25 million 2009A bond issue, and funds are available to qualified applicants through participating lenders.
Congressman Childers Votes for Crackdown on Mortgage and Corporate Fraud
Washington, DC - May 22, 2009 - (RealEstateRama) — Congressman Travis Childers (D-MS) joined colleagues on both sides of the aisle last night in voting for legislation to strengthen federal law enforcement agencies' ability to fight financial fraud, protect taxpayer money, and help prevent another economic crisis. The bill now heads to the President's desk for his signature.
Mississippi Home Corporation to Host Foreclosure Prevention Workshops Statewide
Counseling Provided for Those in Danger of Foreclosure Jackson, MS—Mississippians facing foreclosure will have the opportunity to talk to experts and seek help at a...
HUD ACCEPTS $350 MILLION MISSISSIPPI PLAN TO PRODUCE THOUSANDS OF AFFORDABLE HOUSING UNITS FOR...
Mississippi will solicit bids to build approximately 12,000 homesWASHINGTON – U.S. Housing and Urban Development Secretary Steve Preston today accepted a $350 million plan...
EastGroup Properties Announces $200 Million Credit Facility and $78 Million Mortgage Loan
Jackson, Mississippi, January 7, 2008– EastGroup Properties (NYSE-EGP) announced today a new four-year, $200 million unsecured revolving credit facility with a group of seven...
Lawmakers may revise mortgage laws in state
JACKSON -Lawmakers will be asked to revise Mississippi's mortgage laws in the wake of a subprime lending crisis that is leading to a record...