Items Tagged with 'New Jersey'
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  • money cash bills

    Want an extra $1,000 to pay off your mortgage?

    New Jersey senator proposes tax credit relief
    August 3, 2018
    Alcynna Lloyd
    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.
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  • Scales of justice with gavel

    Four states sue federal government over GOP property tax law changes

    New York, Connecticut, Maryland, New Jersey sue over SALT deduction reduction
    July 17, 2018
    Ben Lane
    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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  • building

    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
    March 27, 2018
    Ben Lane
    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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  • Gavel and money

    Five New Jersey residents accused of using fake bank documents to pay off mortgages

    Allegedly paid of multiple mortgages, bought multiple luxury cars
    March 20, 2018
    Ben Lane
    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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  • Prison jail bars

    Former title company owner gets 12 years for mortgage fraud and tax evasion

    Defrauded lenders out of $1.1 million
    March 13, 2018
    Ben Lane
    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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  • Gavel and money

    New Jersey loan officer charged with facilitating fraudulent mortgages

    Allegedly used his own altered bank statements
    February 5, 2018
    Ben Lane
    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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  • IRS building

    New York, New Jersey, Connecticut plan to sue federal government over GOP tax bill

    Take issue with elimination of state and local tax deductions
    January 26, 2018
    Ben Lane
    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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  • house

    Direct-to-consumer title insurer OneTitle expands to New Jersey

    Acquires “significant interest” in New Jersey’s Sovereign Title
    January 16, 2018
    Ben Lane
    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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This month in
HousingWire magazine

Cover Story
September 2018

Back on track: How Tim Mayopoulos fixed Fannie Mae

When Tim Mayopoulos was vetted prior to joining Fannie Mae nearly 10 years ago in the role of general counsel, board members explained it would only take 12 to 18 months for the company to turn around. That isn’t what it took. It took putting Mayopoulos in charge, years later, to turn the company around. And that’s exactly what he did.

Feature

HW Insiders 2018

HousingWire began highlighting the unsung heroes of the mortgage finance industry three years ago, recognizing those who continue to make the dream of homeownership a reality for Americans nationwide. Our editorial board selected each of these 40 professionals for their ability to not only transform their companies, but the industry as a whole.

Commentary

Better serving the Hispanic mortgage market

Steven Lujan
Steven Lujan
 LendingServicing
Hispanics have huge purchasing power in the U.S. and the rate of homeownership among this population has grown every year since 2014, reaching 46.2% in 2017. In fact, Hispanics are the only demographic in the U.S. to increase homeownership rates for each of the past three years and are driving gains in the real estate market overall. By understanding the unique needs and expectations of the Hispanic community and positioning yourself to fulfill those needs, real estate professionals can become an important servicer of this consumer demographic and experience related growth.