Archives

CINCINNATI, OH - January 29, 2010 - (RealEstateRama) -- A two-year investigation by the Greater Cincinnati Mortgage Fraud Task Force has resulted in a seven-count indictment charging two Cincinnati area home builders, a former Huntington National Bank vice president, and a self-employed tax preparer and interior designer with participating in a mortgage fraud scheme to sell four high-end luxury properties to “straw buyers.”

WASHINGTON, DC - January 25, 2010 - (RealEstateRama) -- U.S. Representative John Boccieri (D-Alliance) today announced the U.S. Department of Housing & Urban Development (HUD) awarded more than $126,000 to the Alliance for Children and Families (ACF) through the federal Continuum of Care Homeless Assistance program.

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.

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)

COLUMBUS, OH - January 20, 2010 - (RealEstateRama) -- Today the Ohio Housing Finance Agency (OHFA) Board approved over $49 million of Tax Credit Exchange (TCE) and Tax Credit Assistance Program (TCAP) dollars created in the American Recovery and Reinvestment Act (ARRA) together with more than $4 million from OHFA’s Housing Development Assistance Program (HDAP).

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.

COLUMBUS, OH - January 14, 2010 - (RealEstateRama) -- U.S. Secretary of Housing and Urban Development Shaun Donovan and U.S. Sen. Sherrod Brown (D-OH) visited Columbus today to announce new Recovery Act funds to help rebuild communities devastated by the housing and economic crisis.

COLUMBUS, OH - December 1, 2009 - (RealEstateRama) -- More than $13 million made possible through the American Recovery and Reinvestment Act will support the creation of over 400 units of affordable housing in seven Ohio communities.

Columbus, OH - November 30, 2009 - (RealEstateRama) -- Lisa Patt-McDaniel, Director of the Ohio Department of Development, today announced that 82 agencies were awarded more than $17 million in homeless assistance and prevention grants from the Homeless Assistance Grant Program, administered by the Ohio Department of Development’s Community Development Division.

COLUMBUS, OH - November 19, 2009 - (RealEstateRama) -- Record breaking foreclosure filings and delinquency rates in Ohio were reported today by the Mortgage Bankers Association, confirming assertions by foreclosure reform advocates that the housing crisis is deepening, and prompting calls for the Ohio Senate to begin hearings on reform legislation.

COLUMBUS, OH - November 18, 2009 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) Board today approved the issuance of up to $28 million in Multifamily Mortgage Revenue Bonds.

COLUMBUS, OH - November 16, 2009 - (RealEstateRama) -- At the soon-to-be new home of Mike Decker and Katie Arends, who used the first-time homebuyer federal tax credit to build their first house, U.S. Sen. Sherrod Brown (D-OH) today discussed how the newly extended federal tax credit can help other Columbus community members purchase new homes.

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.

COLUMBUS, OH - November 6, 2009 - (RealEstateRama) -- Funding made possible through the American Recovery and Reinvestment Act (ARRA) will support the creation of over 750 units of new affordable housing in 17 Ohio communities.

WASHINGTON, DC - November 6, 2009 - (RealEstateRama) -- Upon passage today of legislation to extend the first-time homebuyers tax credit, and expand the hombuyers tax credit to all homeowners buying new primary residences, U.S. Congressman John Boccieri (D-Alliance) today issued the following statement:

WASHINGTON, D.C. - November 2, 2009 - (RealEstateRama) -- U.S. Sen. Sherrod Brown (D-OH) announced his support for a bill that would provide for an extension of emergency benefits to unemployed workers and expand the homebuyer tax credit.

WASHINGTON, DC - October 26, 2009 - (RealEstateRama) -- U.S. Representative John Boccieri (D-Alliance) today announced the U.S. Department of Housing & Urban Development (HUD) awarded more than $33,000 to the Stark Metropolitan Housing Authority (SMHA).

COLUMBUS, OH - October 21, 2009 - (RealEstateRama) -- Today, the Ohio Housing Finance Agency (OHFA) released the 2010 Qualified Allocation Plan (QAP) that guides the development of affordable housing throughout the state.

COLUMBUS, OH - October 19, 2009 - (RealEstateRama) -- Ohio's residents who have earned a college degree now have a new option for getting the financial assistance they need to purchase a home.

WASHINGTON, DC - October 13, 2009 - (RealEstateRama) -- Representative Marcia L. Fudge (OH-11) applauded legislation that grants a one-year extension of the first-time homebuyer tax credit for members of the Armed Forces who served overseas in 2009.