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Two More Convicted of Mortgage Fraud

PENSACOLA, FL - September 10, 2012 - (RealEstateRama) -- In February, Pamela C. Marsh, United States Attorney for the Northern District of Florida, announced that nine defendants had been federally indicted for their involvement in several multi-jurisdictional mortgage fraud schemes and that two previously indicted defendants had been sentenced to prison. Today, two additional defendants have been found guilty and now await sentencing.

Monitor Issues Interim Report on Relief Provided to Homeowners Under the National Mortgage Settlement

TALLAHASSEE, FL - August 30, 2012 - (RealEstateRama) -- Today, Joseph Smith, Jr., the national mortgage settlement monitor, released an interim report on homeowner relief that the nation’s five largest mortgage servicers have provided as of June 30. Based upon figures voluntarily provided by the servicers, but not yet verified by the monitor, more than 23,000 Floridians have received an excess of $1.7 billion in relief under the settlement. The relief provided thus far includes first and second lien principal forgiveness, forgiveness of past forbearance, refinancing, and deficiency waivers. The report also details the servicers' progress on reforming their servicing practices as required by the settlement agreement. The interim report includes a timetable for future reports with the monitor’s first audited report expected in April 2013

Two Individuals Convicted in Florida in Foresclosure Rescue Scheme

WASHINGTON, DC - August 3, 2012 - (RealEstateRama) -- The Department of Justice today convicted two defendants for their roles in a South Florida mortgage fraud scheme that took advantage of homeowners on the brink of foreclosure and left many without their homes.

Wells Fargo brings the NeighborhoodLIFT program to Jacksonville to help local housing market recover

JACKSONVILLE, FL - July 5, 2012 - (RealEstateRama) -- Wells Fargo & Company (NYSE: WFC), one of America’s leading community banks and the nation’s largest...

Man Pleads Guilty to a $2 Million Mortgage Fraud

TALLAHASSEE, FL - June 29, 2012 - (RealEstateRama) -- Robert Martin Tolentino, 50, of Grand Rapids, Michigan, pleaded guilty in federal court in Tallahassee today to defrauding SunTrust Mortgage, Inc. on a $2 million mortgage. The guilty plea was announced Pamela C. Marsh, United States Attorney for the Northern District of Florida.

Florida Mortgage Lender, FBC Mortgage, LLC. Is Named Preferred Lender For Maronda Homes in...

Orlando, FL - April 19, 2012 - (RealEstateRama) -- FBC Mortgage, LLC has created a business unit based in Longwood Florida to service the residential mortgage needs for 40 year old National Home Builder Maronda Homes. It is anticipated that the new unit will finance upwards of 1,500 home settlements in the coming year. Mortgage industry veteran Richard Norris was recruited from Maronda to lead this new FBC business unit. “I am very excited about the opportunity to combine FBC’s mortgage expertise with one of the country’s leading affordable home builders,” stated Norris, FBC’s new Builder Division Director.

FBC Mortgage, LLC announces its new business alliance with Gateway Bank

Orlando, FL - April 13, 2012 - (RealEstateRama) -- Gateway Bank of Southwest Florida, headquartered in Sarasota, Florida, has formed a strategic alliance with FBC Mortgage, LLC for residential mortgage lending. Their combined new unit will operate under the Gateway Home Lending name. The current Mortgage Manager for Gateway Bank, Rick Barber, will be heading up this new alliance as manager, and the company will operate mortgage banking operations inside Gateway Bank locations in Sarasota and Manatee counties.

Attorney General Bondi Announces Court Filings in $25 Billion National Mortgage Servicing Settlement

TALLAHASSEE, FL - March 13, 2012 - (RealEstateRama) -- Attorney General Pam Bondi today announced that she, 48 other attorneys general, the District of Columbia and the Department of Justice filed a complaint and proposed consent judgments requiring the nation's five largest mortgage servicers to comply with comprehensive new mortgage loan servicing standards, to provide substantial direct consumer relief and monetary payments, and to submit to an independent monitor, as part of a $25 billion national mortgage servicing joint state-federal settlement

Florida Enters $25 Billion Joint State-Federal Mortgage Servicing Settlement

TALLAHASSEE, FL - February 10, 2012 - (RealEstateRama) -- Attorney General Pam Bondi today formally entered a landmark $25 billion joint federal-state agreement with the nation’s five largest mortgage servicers over foreclosure abuses and unacceptable nationwide mortgage servicing practices. The proposed agreement provides an estimated $8.4 billion in relief to Florida homeowners and addresses future mortgage loan servicing practices. The settlement generally releases civil claims related to robo-signing, other foreclosure-related abuses, and loan origination misconduct, but it provides no release of criminal claims or of claims related to mortgage securitization.

CBRE FORT LAUDERDALE OFFICE PROMOTES TWO PROFESSIONALS

Fort Lauderdale, FL - January 18, 2012 - (RealEstateRama) -- Deanna Lobinsky and Travis Herring of CBRE in Fort Lauderdale office have earned the titles of Senior Vice President and First Vice President, respectively. Broker titles at CBRE reflect quantifiable performance results within their service specialties.

Orlando Mortgage Lender FBC Releases Year End Central Florida Mortgage Report for 2011

Orlando, FL - January 10, 2012 - (RealEstateRama) -- Orlando mortgage lender FBC recently released their yearend Central Florida Mortgage Report for 2011. Based on all of the data 2011 may be viewed as the year the mortgage and housing market leveled out after years of steep declines. Home prices, excluding condos, are up 6% over the preceding 24 months, rates are at all-time lows, and incomes of home buyers is on the rise. Below is an additional list of highlights for 2011:

Orlando Mortgage Lender FBC Mortgage Gives Back to the Central Florida Community this Holiday...

Orlando, FL - December 29, 2011 - (RealEstateRama) -- FBC Mortgage, LLC prides itself on being a valuable partner in the communities they serve by supporting local charitable organizations with both in-kind and monetary donations throughout the year. This holiday season FBC Mortgage in conjunction with their generous staff, families and referral partners have been able to make this a very happy holiday season for local Central Florida families at the Coalition for the Homeless of Central Florida.

Former Destin Mortgage Broker Convicted by Jury on Federal Bank Fraud and Bribery Counts

PENSACOLA, FL - December 19, 2011 - (RealEstateRama) -- Pamela C. Marsh, United States Attorney for the Northern District of Florida, announced that Destin resident Randolph Branham (age 45) was convicted yesterday of conspiracy to commit bank fraud and bribery of a loan officer, following a four-day jury trial. Prior to the trial, four others indicted in the scheme pled guilty, which included Crestview attorney Chris Cadenhead (age 56), two Destin residents, Jackie T. Fair (age 70), Jane M. McDonald (age 58), and former loan officer Larry J. Malone (age 56), of Bainbridge, Georgia.

244,247-SF OFFICE PARK TRADES IN DELRAY BEACH

Delray Beach, FL - December 8, 2011 - (RealEstateRama) -- CBRE announced today the sale of The Arbors Office Park at 1615, 1625 & 1690 South Congress Avenue in Delray Beach to RexxHall Realty. LLC. The three-building office park totals 244,247 rentable square feet and is 45% occupied.

Attorney General Pam Bondi Announces Tampa Mortgage Fraud Guilty Pleas

TALLAHASSEE, FL - November 10, 2011 - (RealEstateRama) -- Attorney General Pam Bondi announced that a Tampa couple has pled guilty to a mortgage fraud racketeering conspiracy. David Barile, 44, and Melissa D. Barile, 35, both of Tampa, were involved in an $8.8 million mortgage fraud scheme prosecuted by the Office of Statewide Prosecution.

CBRE ARRANGES $250 MILLION ACQUISITION FINANCING FOR H&R REIT

Long Island City, NY - November 7, 2011 - (RealEstateRama) -- The CBRE Capital Markets team in Tampa arranged the acquisition financing on Two Gotham Center, a 670,000-square-foot, state-of-the-art, LEED Certified 22-story office building, on behalf of the borrower, H&R REIT. Financing terms of the $250 million loan include a 10-year term and a 4.25% interest rate.

HILLMOOR VILLAGE APARTMENTS SOLD FOR $10.5 MILLION

Port St. Lucie,, FL – October 28, 2011 – Torchlight Investors sold Hillmoor Village Apartments to Finbay Pacific for $10.5 million. Torchlight acquired the property in December 2010 through a lender foreclosure. At that time, the property was 60% occupied. CBRE was engaged in early 2011 for strategic advice on marketing the asset. Per the recommendation of CBRE, Torchlight invested additional capital into the property and increased occupancy to 90%.

Orlando Lender FBC Mortgage, LLC. a winner in the 2011 Orlando Business Journal Small...

Orlando, FL - September 21, 2011 - (RealEstateRama) -- Orlando mortgage lender FBC Mortgage, LLC was a proud winner in the Orlando Business Journal’s 2011 Small Business Awards held on Friday, September 16, 2011. FBC was named the overall winner in the large company category (firms with 61-350 employees) at the OBJ event. FBC Mortgage was one of 94 companies nominated for this honor. The winners this year were chosen based on growth in revenue, number of jobs in the past two years, and corporate community service.

Former Jacksonville Title Agency Owner Pleads Guilty in Mortgage Fraud Scheme

JACKSONVILLE, FL - August 22, 2011 - (RealEstateRama) -- U.S. Attorney Robert E. O’Neill announces that Cynthia Darlene Strickland (age 45, Jacksonville) pleaded guilty on Thursday to bank fraud. Strickland was a licensed title agent and the owner of Premier Title Group, Inc., a title agency in Jacksonville. She faces a maximum penalty of 30 years in federal prison.

Orlando Lender FBC Mortgage, LLC. a winner in the OBJ 2011 Best Places To...

Orlando, FL - August 17, 2011 - (RealEstateRama) -- Orlando mortgage lender FBC Mortgage, LLC was a proud winner in the Orlando Business Journal’s 2011 Best Places to Work on Friday, August 12, 2011. FBC was named a winner in the medium company category (firms with 51 – 150 employees located in the Central Florida area) at the OBJ’s event at the Wyndham Orlando Resort. FBC Mortgage was one of 152 companies nominated in the 2011 Best Places To Work competition.

Popular Government & Nonprofit Press Releases

Colombia tops all Foreign Searches for Miami Real Estate

Colombia continues to lead all foreign countries searching for South Florida real estate, according to new data from the MIAMI Association of REALTORS® (MIAMI). The South American nation finished as the top international country using MIAMI’s search portal, www.Miamire.com, in May 2016. Colombia has now led the rankings for six consecutive months

Recent Government & Nonprofit Press Releases

Buchanan Slams “Nightmarish” Conditions at VA Nursing Homes

Congressman Vern Buchanan today demanded answers from the Department of Veteran Affairs after reports of deplorable conditions and neglect at VA nursing homes across the nation.