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Mortgage

Scalise Helps Pass Resolution to Assist Homeowners Affected by Toxic Chinese Drywall

Washington, DC - December 3, 2009 - (RealEstateRama) — Congressman Steve Scalise successfully worked to pass legislation today that encourages banks and mortgage servicers to work with families affected by toxic Chinese drywall to allow temporary leniency without penalty on payments on their home mortgages. Scalise is a co-sponsor of H.Con.Res. 197 which passed by a vote of 419 – 1.

Vitter Joins Other Senators to Introduce Resolution Urging Mortgage Relief for Homeowners with Contaminated Drywall

Washington, D.C. - November 5, 2009 - (RealEstateRama) — U.S. Senator David Vitter today joined a bipartisan group of U.S. Senators from three states in introducing a resolution that urges banks and mortgage lenders to work with the estimated 1,300 homeowners in 26 states who are dealing with health and safety issues linked to the use of contaminated drywall. The homeowners have reported a range of similar problems with structural corrosion and odors, as well as many common health concerns, including headaches, rashes, burning eyes and nosebleeds.

Former Standard Mortgage Corporation Clerk Charged With Computer Fraud

NEW ORLEANS, LA - August 13, 2009 - (RealEstateRama) — Jodie Hoang, age 34, a resident of Houston, Texas, was charged in a one-count bill of information with computer fraud, announced U. S. Attorney Jim Letten. According to the bill of information, HOANG was an accounting clerk at Standard Mortgage Corporation located in New Orleans. The company had a computer system in place which contained accounting software used in the production and maintenance of mortgages. Part of the defendant’s duties was to process funds received at loan closings. The bill of information alleges that HOANG used the computer system to changed the deposit code for payments made by customers at mortgage closings and then created checks payable to herself or her credit card providers