Four Sentenced for Mortgage Fraud Scheme

DAYTON, OH - January 22, 2010 - (RealEstateRama) -- Four participants in an extensive mortgage fraud scheme that affected 210 residential properties including 205 in Montgomery County were sentenced today in federal court by U.S. District Judge Michael R. Barrett.

Columbus Accountant and Realtor Plead Guilty to Mortgage Fraud and Obstruction of Justice Conspiracies

WASHINGTON, DC - January 21, 2010 - (RealEstateRama) -- Dennis G. Sartain of Hilliard, Ohio; and Bonnie Helt, of Columbus, Ohio, pleaded guilty today to conspiring to commit mortgage fraud, money laundering and obstruction of justice, the Justice Department and Internal Revenue Service (IRS)

Seven Indicted in Mortgage Fraud Scheme

CINCINNATI, OH - January 14, 2010 - (RealEstateRama) -- A federal grand jury here has indicted six members of a family and one of their employees charging them with operating a mortgage fraud conspiracy between 2004 and 2009.

Three Men Allegedly Obtained More Than $4.5 Million in Fraudulent Mortgage Loans

DAYTON, OH - November 3, 2009 - (RealEstateRama) -- A federal grand jury here has indicted James L. Mack, 64, a former loan officer at the Centerville branch of Republic Bank, Walter A. Millat, 70, and his son William E. Millat, 49, all of Dayton, charging the three men with operating a scheme to fraudulently obtain more than $4.5 million in mortgage loans by fraudulently orchestrating the purchase and sale of more than 100 properties in the Dayton area between 2001 and 2006.

Kucinich Urges Treasury to Strengthen Re-remic Oversight

Washington, DC - October 1, 2009 - (RealEstateRama) -- Congressman Dennis Kucinich (D-OH) today asked Treasury Secretary Timothy Geithner to address the potential threat to the financial system posed by resecuritization of existing residential mortgage backed securities, informally referred to as ‘re-remic.’

Columbus Man Pleads Guilty to Money Laundering in Connection with Mortgage Fraud Scheme

COLUMBUS, OH - September 14, 2009 - (RealEstateRama) -- Charles E. Townsend, 39, of Columbus pleaded guilty in United States District Court here to one count of money laundering in connection with his involvement in a mortgage fraud scheme that exaggerated property values to out of state investors in order to secure funding for the purchase of properties in primarily low income neighborhoods in Columbus.

Now is the time to make the leap to homeownership

COLUMBUS, OH - August 31, 2009 - (RealEstateRama) -- As a potential homebuyer, you have an incredible opportunity to qualify for the federal first-time homebuyer tax credit of up to $8,000.

Nearly One in Two Mortgages in Ohio is Underwater or Close to it

Columbus, OH - August 20, 2009 - (RealEstateRama) -- Data released today by the Mortgage Bankers Association coupled with analysis of a report released last week by First American CoreLogic spell more trouble ahead for Ohio's housing crisis, and offer fresh evidence for the need for statewide foreclosure reform.

Sixth and Final Conspirator Enters Guilty Plea in Mortgage Fraud Scheme

CINCINNATI, OH - July 29, 2009 - (RealEstateRama) -- Jessica A. Zbacnik, 42, of Monroe, pleaded guilty in United States District Court here for her role in an extensive mortgage fraud scheme that affected 210 residential properties, including 205 in Montgomery County.

Three Charged in Mortgage Fraud Scheme

DAYTON, OH - July 15, 2009 - (RealEstateRama) -- A federal grand jury here has indicted a Waynesville couple, Gregory S. Chew, 41, and Peggy Pierson, age 46, along with Richard Confer Jr., age 42, of West Carrollton, charging the trio for their roles in a mortgage fraud scheme involving multiple counts, including money laundering, structuring financial transactions, conspiracy to launder money, mail fraud, and wire fraud.

Ohio Man Charged in Mortgage Fraud Scheme

Cleveland, OH - June 23, 2009 - (RealEstateRama) - William J. Edwards, United States Attorney for the Northern District of Ohio, announced today that an information has been filed against Paul R. Tomko charging him with one count of mail fraud in connection with mortgage loans that were obtained fraudulently. According to court records, Tomko, age 36, resides in Middleburg Heights, Ohio.

OHFA offers affordable, flexible options during Homeownership Month

COLUMBUS, OH - June 1, 2009 - (RealEstateRama) — Buying a home is no longer a dream. With low sale prices and favorable mortgage rates, attaining homeownership is possible with stable financing and flexible options from the Ohio Housing Finance Agency (OHFA).

Brown to Attend White House Signing Ceremony of Bills Aimed at Preventing Foreclosure and...

WASHINGTON, D.C. - May 20, 2009 - (RealEstateRama) — U.S. Sen. Sherrod Brown (D-OH), Chairman of the Senate Banking Subcommittee on Economic Policy, will attend the White House signing ceremony today of two bills aimed at preventing foreclosures and protecting Ohioans from mortgage fraud. Brown has been an outspoken advocate for federal legislation that makes it easier for homeowners to hold onto their homes by refinancing into more affordable mortgages.

Five Have Entered Guilty Pleas in Mortgage Fraud Scheme

CINCINNATI, OH - May 12, 2009 - (RealEstateRama) — A Dayton father and son pleaded guilty in United States District Court here for their roles in an extensive mortgage fraud scheme that affected 210 residential properties, including 205 in Montgomery County.

New homebuyers can now reduce their tax liability with OHFA’s new Mortgage Credit Certificate

COLUMBUS, OH - February 17, 2009 - (RealEstateRama) — Ohioans can now buy a home and lower their tax liability with a Mortgage Credit Certificate (MCC) from the Ohio Housing Finance Agency (OHFA). OHFA has launched its MCC Program to encourage new homeownership, allowing qualified first-time homebuyers to take a direct tax credit for a portion of their mortgage interest up to $2,000 per year for the life of the mortgage

Homebuyers have more options with new OHFA down payment assistance

COLUMBUS, OH - February 2, 2009 - (RealEstateRama) – Homebuyers can move a step closer to owning the home of their dreams, thanks to a new financial program. The Ohio Housing Finance Agency (OHFA) today announced that it is now offering a Down Payment Assistance Grant to potential homebuyers.

$6 million approved for second mortgage program by Ohio Housing Finance Agency Board

COLUMBUS - June 18, 2008 - Today, the Ohio Housing Finance Agency (OHFA) Board approved $6 million of additional funding for OHFA's Second Mortgage...

OHFA announces lower homebuying rates for Ohio heroes

OHFA’S Ohio Heroes Program targets educators, military personnel and first responders COLUMBUS  - Ohio’s everyday heroes now can receive a lower rate through the Ohio Housing...

HUD Secretary announces more Ohioans turning to affordable, government-backed mortgages

COLUMBUS, OH - February 21, 2008 - Thousands of Ohioans are turning to HUD's Federal Housing Administration (FHA) to find an affordable mortgage refinancing solution, and many more could be helped by bipartisan legislation awaiting final approval by Congress, U.S. Housing and Urban Development Secretary Alphonso Jackson announced today.

Boehner Encourages At-Risk Homeowners to Take Advantage of New Mortgage Program

Washington - Feb 12, 2008 - Congressman John Boehner (R-West Chester) today encouraged homeowners concerned about potential foreclosure to take advantage of a new...


Central Ohio Housing Report – December 2018

While the 2017 housing market was marked by renewed optimism fueled by stock market strength, higher wages and a competitive environment for home sales, 2018 maintained the competitive housing market amid less than stellar stock market performance and rising interest rates while housing affordability dipped to a ten-year low.