Items Tagged with 'New Jersey'

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  • Four states sue federal government over GOP property tax law changes

    New York, Connecticut, Maryland, New Jersey sue over SALT deduction reduction
    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.
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  • New Jersey picks NYC official Paul Rodriguez to lead state’s answer to Mulvaney’s CFPB

    Rodriguez currently serves as acting counsel to NYC Mayor Bill de Blasio
    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.
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  • Five New Jersey residents accused of using fake bank documents to pay off mortgages

    Allegedly paid of multiple mortgages, bought multiple luxury cars
    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.
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  • Former title company owner gets 12 years for mortgage fraud and tax evasion

    Defrauded lenders out of $1.1 million
    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.
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  • New Jersey loan officer charged with facilitating fraudulent mortgages

    Allegedly used his own altered bank statements
    A New Jersey man stands accused of using his position as a loan officer to facilitate fraudulent mortgages. According to the U.S. Attorney’s Office, in one case, Richard Patino approved a loan application in 2013 for an unnamed borrower, but the bank documents that were included in the loan application were actually Patino’s, altered to make it seem like they belonged to someone else.
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  • New York, New Jersey, Connecticut plan to sue federal government over GOP tax bill

    Take issue with elimination of state and local tax deductions
    The states of New York, New Jersey, and Connecticut are planning to sue the federal government over the Republican-led tax reform bill, which President Donald Trump signed into law late last year. Each of the three states’ governors say that their residents will be harmed by the tax plan’s cap on state and local tax deductions.
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  • Direct-to-consumer title insurer OneTitle expands to New Jersey

    Acquires “significant interest” in New Jersey’s Sovereign Title
    Until now, direct-to-consumer title insurer OneTitle National Guaranty Company operated only in the state of New York. But thanks to a “strategic partnership” between OneTitle and New Jersey’s Sovereign Title Agency, OneTitle is expanding into the Garden State.
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