Attorney General Sam Olens Reaches $470 Million Joint State-Federal Settlement with HSBC to Address...

Attorney General Sam Olens today announced a $470 million joint state-federal settlement with mortgage lender and servicer HSBC to address mortgage origination, servicing, and foreclosure abuses.The settlement provides direct payments to Georgia 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

Hunt Mortgage Group Finances the Acquisition of a Multifamily Housing Property Located in Atlanta,...

Hunt Mortgage Group, a commercial real estate lender, announced today that it has provided a Fannie Mae DUS loan in the amount of $5 million to finance the acquisition of a multifamily housing property located in Atlanta, Georgia.

Georgia Federal and State Courts Rule in MERS’ Favor

MERSCORP Holdings, Inc. today announced that the United States District Court for the Northern District of Georgia dismissed Dean v. Mortgage Elec. Registration Sys., while the Superior Court of Fulton County granted MERS’ Motion for Summary Judgment in Johnson v. Mortgage Elec. Registration Sys., Inc.

Georgia Real Estate Investor Pleads Guilty to Bid Rigging and Fraud Conspiracies at Public...

A Georgia real estate investor pleaded guilty today for his role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Georgia, the Department of Justice announced

Rep. Tom Graves Votes to Expand Access to Mortgages, Home Ownership

Rep. Tom Graves (R-GA-14) voted today for the Preserving Access to Manufactured Housing Act (H.R. 650) and the Mortgage Choice Act (H.R. 685), legislation that will make it easier for low- and middle- income families to qualify for a mortgage and purchase a home.

Rep. Johnson leads fight in connecting struggling homeowners with HomeSafe Georgia program

Rep. Hank Johnson (GA-04) announced today that there are now more ways to qualify for HomeSafe Georgia, which helps homeowners who are unemployed or underemployed through no fault of their own with up to two years of mortgage payments.

Two Defendants Charged with Mortgage Fraud Scheme Targeting Senior Citizens

On Friday, January 10, 2014, a Fulton County Grand Jury indicted Edmund Chatham, of Roswell, Ga., and Steven Connelly, of Alpharetta, Ga., on one count of Racketeering (O.C.G.A. §16-14-4(a)) for their role in a scheme using senior citizens to fraudulently obtain payouts from mortgage lenders for reverse mortgages

Attorney General Olens Part of $2.1 Billion Settlement with Mortgage Servicer Ocwen

Ocwen Financial Corporation and its subsidiary, Ocwen Loan Servicing, have agreed to a $2.1 billion dollar joint state-federal settlement with Attorney General Sam Olens, 48 additional states and the District of Columbia and the federal government

Department Enters into Consent Order with DeWitt Mortgage Services and Property Management, LLC and...

Atlanta, GA - November 4, 2013 - (RealEstateRama) -- On November 1, 2013, the Georgia Department of Banking and Finance (“Department”) entered into a Consent Order with DeWitt Mortgage Services and Property Management, LLC (“DeWitt Mortgage”), mortgage broker’s license number 22052, NMLS number 159325, located at 7 Plantation Park Dr, Suite 2-A, Bluffton , South Carolina 29910, formerly located at 219 West Bryan Street, Suite 306, Savannah, GA 31401, and its owner, Mark DeWitt, mortgage loan originator’s license number 27102, NMLS number 160478, to resolve allegations pertaining to violations of the Georgia Residential Mortgage Act.

Georgia Department of Banking and Finance Enters into Consent Order with David Lavar Jacobs

Atlanta, Georgia - October 8, 2013 - (RealEstateRama) -- On October 7, 2013, the Georgia Department of Banking and Finance (“Department”) entered into a Consent Order with David Lavar Jacobs, NMLS #258503 to resolve allegations pertaining to violations of the Georgia Residential Mortgage Act

Mortgage Fraud Continues to Decline in Georgia

Atlanta, GA - September 17, 2013 - (RealEstateRama) -- According to the latest figures released by the LexisNexis® Mortgage Asset Research Institute (MARI) in their August 2013 report, mortgage fraud in Georgia continues to decline. Georgia remains outside the top ten for mortgage fraud for all originations and is well below the MFI industry baseline of 100, which is the level of reported fraud and misrepresentations one would expect given the level of loan originations

Order to Cease and Desist Issued to AGF Properties, LLC Becomes Final

Atlanta, Georgia - July 11, 2013 - (RealEstateRama) -- On July 8, 2013, an Order to Cease and Desist issued by the Georgia Department of Banking and Finance (“Department”) to AGF Properties, LLC, located at 1720 Mars Hill Road, #8-290, Acworth, Georgia 30101 became final

60,000 delinquent metro Atlanta homeowners can apply for Making Home Affordable

ATLANTA - June 25, 2013 - (RealEstateRama) -- CredAbility this week is kicking off the Georgia piece of a new national push to help hundreds of thousands of homeowners still struggling to avoid foreclosure. The U.S. Treasury Department recently awarded $9.5 million to nonprofit housing counseling organizations around the country. The largest amount in Georgia went to CredAbility, which will receive $473,000 to help homeowners try to qualify for a loan modification or other foreclosure prevention help as part of the Making Home Affordable program.

National Mortgage Settlement to Begin Payments to Eligible Borrowers Who Lost Homes to Foreclosure

WASHINGTON, D.C. - June 4, 2013 - (RealEstateRama) -- Over 50,000 Georgia borrowers who submitted a valid foreclosure payment claim through the National Mortgage Settlement will receive a check this month for approximately $1,480. The total amount to be paid to Georgia borrowers is $75,828,288.90.

Rep. Johnson No. 1 in helping constituents save their homes

WASHINGTON, D.C. - June 3, 2013 - (RealEstateRama) -- Congressman’s office assisted in HomeSafe GA outreach, helping nearly 700 homeowners prevent foreclosures in the Fourth Congressional District


Mayor Kasim Reed Advances $380 Million in New Transportation Infrastructure Spending...

Mayor Kasim Reed announced today that the Atlanta City Council has voted 13 to 1 to approve a measure to put a special local option sales tax (TSPLOST) referendum on the November ballot to fund transportation related infrastructure projects throughout the City of Atlanta. The ballot referendum will ask Atlanta voters to authorize a 0.4 percent sales tax increase for a five-year period. The TSPLOST is projected to generate approximately $260 million, which will be leveraged to generate additional matching funds.


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