Mortgage

Mortgage

Funding Approved to Build or Renovate 1,069 Affordable Rental Units

Thursday afternoon the Arkansas Development Finance Authority awarded $10,911,780  in federal low-income housing tax credits (LIHTC), another $161,091 in state tax credits, $3,131,000 in federal HOME program funds, $1,444,783 in Rural Development Preservation Revolving Loan Funds,  $450,000 in mortgage settlement funds, and $200,000 in Finance Adjustment Factor (FAF) funds to help in the construction or renovation of  affordable rental developments located throughout Arkansas

Eighth District House Prices Rise, Mortgage Delinquencies Fall in Second Quarter 2013

Second quarter 2013 house prices continued to rise modestly while the number of seriously delinquent mortgages fell across the seven states that comprise the Federal Reserve's Eighth District compared with the same time last year, according to the St. Louis Fed’s latest Housing Market Conditions report.

DEADLINE TO FILE FORECLOSURE CLAIMS IS JAN. 18

Attorney General Dustin McDaniel today reminded Arkansans who are eligible for one-time payments from the National Mortgage Settlement that Friday, Jan. 18, is the deadline to file claims to receive those payments

MCDANIEL JOINS SETTLEMENT OVER MORTGAGE FORECLOSURE ABUSES

Attorney General Dustin McDaniel announced today that Arkansas has joined other states and the federal government in a landmark multibillion dollar settlement with five of the nation's largest banks over allegations of fraud and abuse within the mortgage servicing industry

MCDANIEL JOINS SETTLEMENT OVER MORTGAGE FORECLOSURE ABUSES

LITTLE ROCK, AR - February 10, 2012 - (RealEstateRama) -- Attorney General Dustin McDaniel announced today that Arkansas has joined other states and the federal government in a landmark multibillion dollar settlement with five of the nation's largest banks over allegations of fraud and abuse within the mortgage servicing industry.

ATTORNEY GENERAL JOINS MULTISTATE REVIEW OF FORECLOSURES

LITTLE ROCK, AR - November 16, 2010 - (RealEstateRama) -- Attorney General Dustin McDaniel today announced that he has joined a multistate review into possibly improper practices within the mortgage service industry.

Lincoln, Pryor, Snyder Announce Investment to Benefit Arkansas’s Struggling Homeowners

Washington, DC U.S. Senators Blanche Lincoln and Mark Pryor and U.S. Representative Vic Snyder (AR-02) today announced that Arkansas will receive $17,736,991 in U.S. Department of Housing and Urban Development (HUD) funds through the Dodd-Frank Wall Street Reform and Consumer Protection Act that was signed into law in July. The funding will provide loans for homeowners who are behind on their mortgage payments and facing foreclosure.

ATTORNEY GENERAL JOINS MULTISTATE REVIEW OF FORECLOSURES

LITTLE ROCK, AR - October 13, 2010 - (RealEstateRama) -- Attorney General Dustin McDaniel today announced that he has joined a multistate review into possibly improper practices within the mortgage service industry.

WARMER Act Modernizes Veterans’ Home Energy Efficiency

Washington, DC - December 16, 2009 - (RealEstateRama) -- U.S. Representative John Boozman (R-AR) today introduced the WARMER (Warriors Adapting Residences with Mortgages for Energy Renovations) Act to ensure our veterans can finance money-saving energy efficiency improvements to their homes

Lincoln, Pryor, Berry Announce $700,000 for Housing, Education, Small Business Loans

Washington, DC - August 24, 2009 - (RealEstateRama) -- U.S. Senators Blanche Lincoln and Mark Pryor and U.S. Representative Marion Berry (AR-01) today announced that First Bank of the Delta in West Helena has been selected to receive $700,000 through the U.S. Treasury Department’s Bank Enterprise Award (BEA) Program. The funds will help First Bank provide affordable home mortgages, affordable housing development loans, education loans, home improvement loans, and small business loans.

Fact Sheet: Helping Responsible Homeowners Across America

Today, President Bush will visit North Little Rock, Arkansas, and participate in a roundtable discussion with counselors and individuals who have been helped by the Family Service Agency's Consumer Credit Counseling Service (CCCS).

February defaults on loans rise 60%

U. S. home foreclosure filings jumped 60 percent and bank seizures more than doubled in February over the same month the year before as rates on adjustable mortgages rose and property owners were unable to sell or refinance amid falling prices.

Data: U.S. Rep. Snyder Can Act to Save 519 Homes in Congressional District From...

Estimate of Number of Homeowners Who Could Save Home Based on Publicly Available Data from Center for Responsible Lending; Rep. Snyder Urged to Support Pending Bills to Eliminate Unfairness in Mortgage Foreclosure Process

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RUTLEDGE ANNOUNCES IZARD COUNTY MAN SENTENCED FOR PROPERTY THEFT

Arkansas Attorney General Leslie Rutledge today announced the conviction of an Izard County man for property theft by deception. Clifton Davis pleaded guilty in Pulaski County Circuit Court and was sentenced to five years probation and to pay $5,232 in restitution to the Arkansas Medicaid Program, $500 in fines and court costs