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Of 26 locally published legal notices regarding foreclosure actions, 14 involved properties in Pottstown PA, four in Limerick, two in Lower Pottsgrove, two in Upper Pottsgrove, and one in West Pottsgrove
Mortgage Archive
GMH Mortgage Names Rose As Eastern Sales Vice President
NEWTOWN SQUARE PA – GMH Mortgage Services LLC, a national mortgage banker headquartered in Newtown Square PA, said Thursday (Dec. 6, 2012) it named Joel Rose as vice president of its eastern division’s retail sales. Rose has more than 20 years of experience in the mortgage industry, and most recently worked at GMAC, where he
Mortgage Interest Deductions Help Homeowners, NAR Replies
WASHINGTON DC – Federal income tax deductions for home mortgage interest took a hit Saturday (Jan. 1, 2011) in The Washington Post newspaper, which published an editorial titled “Trim the Excessive Tax Subsidy for Real Estate.” Lawrence Yun, chief economist for the National Association of REALTORS, responded by describing how mortgage interest deductions benefit primarily
Mortgage Service Practices Probe Results Expected In 2011
ALLENTOWN PA – As homeowners around the country continue to struggle to fend off foreclosure proceedings, a working group of attorneys general and banking officials from all 50 states has been gathering evidence in a probe of potentially improper or illegal lending and servicing practices, according to an article written by reporter Tim Darragh and
Got A Foreclosure Complaint? Let Attorney General Know
HARRISBURG PA – Pennsylvania homeowners are being urged by the state Attorney General to file complaints concerning questionable or improper mortgage foreclosures. AG Tom Corbett said on Oct. 6 (2010) the filings would be included in an ongoing investigation by his office’s Bureau of Consumer Protection to determine if laws were violated by lenders or
Gov. Rendell Signs Two New Mortgage Bills Into PA Law
HARRISBURG PA – Two additional bills aimed at preventing mortgage fraud were signed into law Monday (June 29, 2009) by Pennsylvania Gov. Ed. Rendell, joining a package of five laws approved last year to target different aspects of the same problem. The two latest pieces of legislation were spurred by a case in Berks County
Pennsylvania Regulators Take Action Against Mortgage Firms
HARRISBURG PA – Pennsylvania’s Department of Banking is taking a tougher line against mortgage brokers that either refuse to comply with regulations or are not licensed to practice in the state. Last week it took enforcement against seven different companies. On Friday (May 22, 2009) it issued a cease-and-desist order against U.S. Mortgage Group Inc.,