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ATLANTA, GA - May 9, 2011 - (RealEstateRama) -- Several thousand Georgia residents are expected to seek federal assistance for their losses from the severe storms and tornadoes that began April 27, according to disaster recovery officials.

ATLANTA, GA - May 6, 2011 - (RealEstateRama) -- To help people displaced by the recent tornadoes find rental housing, the Georgia Emergency Management Agency (GEMA) and the Georgia Department of Community Affairs (DCA) are encouraging displaced survivors to use www.GeorgiaHousingSearch.org.

Atlanta, GA - April 8, 2011 - (RealEstateRama) --On April 6, 2011, the Georgia Department of Banking and Finance (“Department”) entered into a Consent Order with BDK Mortgage & Investments, Inc. (“BDK Mortgage”), License Number 11800, Nationwide Mortgage Licensing System Number 166983, located at 201 Tallman Drive, Martinez, Georgia 30907 and its owners, Jackie H. Spires and James Spires, to resolve allegations pertaining to violations of the Georgia Residential Mortgage Act and agency rules.

March 25, 2011 - (RealEstateRama) -- A Fulton County Grand Jury returned multiple Residential Mortgage Fraud indictments against ten individuals for their roles in perpetuating mortgage fraud in south Atlanta.

Atlanta, GA - March 23, 2011 - (RealEstateRama) -- On March 21, 2011, an Order to Cease and Desist issued by the Georgia Department of Banking and Finance (“Department”) to Lenox Financial Mortgage, LLC dba www.lenoxfinancial.com dba Technology and Workflow Management Corporation located at 6 Piedmont Center, Suite 500, 3525 Piedmont Center, Atlanta, Georgia 30305 became final.This Order to Cease and Desist was issued by the Department after it obtained evidence that Lenox Financial Mortgage, LLC dba www.lenoxfinancial.com dba Technology and Workflow Management Corporation engaged in residential mortgage brokering/lending activities without a license or under an applicable exemption in violation of O.C.G.A. § 7-1-1002.

Washington, DC - March 17, 2011 - (RealEstateRama) -- Today, the U.S. House of Representatives voted to end the Neighborhood Stabilization Program (NSP). The NSP provides funding to help local communities deal with large numbers of foreclosures and abandoned properties. Congressman Scott opposed this effort to abandon neighborhoods in his district.

WASHINGTON, D.C. - March 17, 2011 - (RealEstateRama) -- This week, the House of Representatives voted to terminate the Neighborhood Stabilization Program, saving $1 billion of taxpayer money. The Neighborhood Stabilization Program was created in the 2008 Fannie Mae and Freddie Mac bailout bill and allocated federal taxpayer dollars to state and local governments to purchase, renovate, rebuild, and resell abandoned and foreclosed property.

March 16, 2011 - (RealEstateRama) -- A Clarke County Grand Jury returned a three count racketeering indictment yesterday against Brian C. Dupree, Marc Canty and Rashid Wilson for conspiring to commit theft by fraudulently inflating real estate values in an Athens subdivision development

Washington D.C. - March 11, 2011 - (RealEstateRama) --Yesterday Rep. John Lewis spoke out on the floor to help save the American Dream for millions of families. Rep. John Lewis made this impassioned statement on the floor of the House yesterday in an effort to defeat this termination of support for people who need it the most. The U.S. House of Representatives was preparing to vote on the Emergency Mortgage Relief Program Termination Act (H.R. 836) and the FHA Refinance Program Termination Act (H.R. 830).

Washington, DC - March 11, 2011 - (RealEstateRama) -- Today, Congressman Westmoreland joined a bipartisan group of his colleagues in the House to terminate the Federal Housing Authority Refinance Program Termination Act. In March 2010, without an act of Congress, the Obama administration announced the creation of the FHA Refinance Program to refinance underwater loans into the FHA using $8 billion in TARP funds. As of February 3, 2011 – almost one year into the program – only $50 million had been disbursed and only 44 loans have been refinanced.

Washington, DC - March 11, 2011 - (RealEstateRama) -- Today the House of Representatives passed H.R. 836, the Emergency Homeowner Relief Program Termination Act. Congressman Westmoreland joined a bipartisan group of his colleagues to support this legislation. The bill terminates the Housing and Urban Development’s Emergency Homeowner Relief Program. The program was initially created in 1975, however not funded until last July with the passage of the Dodd-Frank Act.

Washington, D.C. - March 11, 2011 - (RealEstateRama) -- House Republican Policy Committee Chairman Tom Price, M.D. (R-GA) issued the following statement after the House of Representatives voted this week to end two expensive and ineffective government foreclosure programs. The FHA Refinance Program Termination Act (H.R. 830) and the Emergency Mortgage Relief Program Termination Act (H.R. 836) would save taxpayer dollars while rolling back irresponsible government intervention in the housing market.

March 1, 2011 - (RealEstateRama) -- Attorney General Sam Olens applauded today’s action by the House Judiciary (Non-Civil) Committee to recommend “Do Pass” on HB 237. HB 237, introduced by Representative Rich Golick, would prohibit misstatements with the intent to defraud during the foreclosure process. The bill would also give law enforcement, including the Attorney General, sufficient authority to investigate and prosecute violations

ATLANTA, GA - February 23, 2011 - (RealEstateRama) -- State Representative Brett Harrell (R-Snellville) today announced the introduction of House Bill 291, legislation prohibiting nontax fees from appearing on property tax bills.

WASHINGTON, D.C. - January 19, 2011 - (RealEstateRama) -- Congressman Lynn Westmoreland today was named to two influential subcommittees on the House Financial Services Committee: the Financial Institutions and Consumer Credit Subcommittee and the Insurance, Housing, and Community Opportunity Subcommittee.