Items Tagged with 'New Jersey'

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The state of New Jersey is investing $28 million through a series of Low Income Housing Tax Credits that will help build 1,400 affordable apartments for families, seniors and special needs residents across the state.

A condo association in New Jersey is under fire from HUD as it allegedly forced a resident who is sight- and hearing-impaired to use a separate entrance. HUD also alleges that the condo charged the resident’s daughter a fee for walking the assistance animal in the development’s common areas.

JPMorgan Chase is plotting an expansion of its business in the Philadelphia and Delaware Valley area, which includes Philadelphia, the state of Delaware and the southern part of New Jersey. Chase announced Monday that over the next five years, the bank will open up approximately 50 new branch locations and add 300 new employees in the Delaware Valley region.

A New Jersey senator proposes a $1,000 tax credit to help middle-class homeowners pay off their mortgages. With home prices increasing at least twice the rate of inflation, the measure could bring much-needed relief to Garden State homeowners.

Following through on a threat made in January, the states of New York, Connecticut, Maryland, and New Jersey are suing the federal government over the Republican tax reform bill, which President Donald Trump signed into law late last year. At issue is the Tax Cuts and Jobs Act’s elimination of certain state and local tax deductions, which the states claim are disproportionately harmful to their residents.

Banks, credit unions, mortgage lenders, loan originators, title insurers, title, real estate agents, and consumers in the state of New Jersey need to be on the lookout for hackers that are trying to steal mortgage funds during the transaction.

A former detective with the Atlantic Country, New Jersey prosecutor’s office will spend the next 18 months in prison after admitting to participating in a mortgage fraud scheme that defrauded Wachovia and Wells Fargo out of $200,000.

At various points during his tenure as acting director of the CFPB, Mick Mulvaney has made it clear that the bureau will not be run the same way under the Trump administration as it was under the Obama administration. In the wake of those changes, several states have indicated that they are prepared to step in and fill the consumer protection void. You can now count New Jersey among those states.

Five New Jersey residents stand accused of using fake money orders, cashier’s checks, receipts and other documents to fraudulently pay off multiple mortgages and obtain several luxury cars. According to the U.S. Attorney’s Office for the District of New Jersey, the group’s alleged conduct caused more than $3 million in losses.

The former owner of a New Jersey title company will spend the next 12 years in prison after being convicted of defrauding banks out of $1.1 million by using fake loan applications for residential mortgages. In addition to defrauding the banks out of more than $1 million, Mark Andreotti was also convicted of failing to pay more than $450,000 in personal taxes.