Yearly Archives: 2011
After Pressure From Sen. Brown, Fed Rules to Maintain Key Protection for Homeowners
WASHINGTON, D.C. - February 2, 2011 - (RealEstateRama) -- Following pressure from U.S. Sen. Sherrod Brown (D-OH), the Federal Reserve Board announced that it would maintain critical protections for homeowners outlined in the Truth in Lending Act (TILA). In January, Brown and five of his Senate Banking Committee colleagues urged the Federal Reserve to reconsider proposed rules that would eliminate the ability of homeowners to stop foreclosures and rescind predatory home loans.
Portage County Property Owner Ordered to Pay Penalty for Open Burning
January 24, 2011 - (RealEstateRama) -- Ohio EPA has ordered a Portage County resident to pay a $1,250 civil penalty for repeated illegal open burning. Seth Powers was ordered to pay the penalty after open burning solid waste, wood, brush and other materials on property located at New Milford Road and adjacent to the I-76 overpass in Rootstown Township. Powers has a land contract on the residential property.
OHFA BOARD APPROVES OVER $21.5 MILLION FOR DEVELOPMENT AND REHABILITATION OF AFFORDABLE HOUSING
COLUMBUS, OH - January 20, 2011 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) Board yesterday approved $5.6 million in funding through the Housing Development Assistance Program (HDAP) to provide flexible, low-interest financing for affordable housing developments. Funding for HDAP comes from the federal HOME program and the Ohio Housing Trust Fund (OHTF)
Jeffrey St. Martin Sentenced to Six Years In Prison
CLEVELAND, OH - January 19, 2011 - (RealEstateRama) -- County Prosecutor Bill Mason and the Cuyahoga County Mortgage Fraud Task Force operating under authorization of Ohio Attorney General's Office and Ohio's Organized Crime Investigations Commission announced that Jeffrey St. Martin was sentenced to six years in prison. He was ordered to pay $3,089,750 in restitution and $30,000 in forfeiture
Sen. Brown Urges Fed to Maintain Key Protection for Homeowners
WASHINGTON, D.C. - January 4, 2011 - (RealEstateRama) -- U.S. Sen. Sherrod Brown (D-OH) and five of his Senate Banking Committee colleagues urged the Federal Reserve to reconsider proposed rules that would eliminate the ability of homeowners to stop foreclosures and rescind predatory home loans. The proposed rule would prevent homeowners from cancelling mortgages that violate the Truth in Lending Act
