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DENVER - September 3, 2012 - (RealEstateRama) -- Michael Jacoby age 44, of Castle Rock, Colorado; Derek Zar, age 30, of Commerce City, Colorado; and Susanne Zar, age 58, of Frederick, Colorado, were found guilty yesterday (August 30, 2012) by a jury for wire fraud, bank fraud, and money laundering, the U.S. Attorney’s Office, the Federal Bureau of Investigation, and IRS-Criminal Investigation announced. The guilty verdicts were the result of a four-week trial before Visiting U.S. District Court Judge Kathryn H. Vratil. Jacoby was taken into custody immediately after the jury returned the guilty verdict. They are scheduled to be sentenced by Judge Vratil on December 10, 2012

February 13, 2012 - (RealEstateRama) -- Colorado U.S. Senator Michael Bennet released the following statement after the announcement of a $25 billion deal states reached between the U.S. Department of Housing and Urban Development, the U.S. Department of Justice and the country’s largest mortgage servicers over foreclosure abuses and servicing problems. The settlement provides over $200 million in relief to Colorado—most of which should directly benefit struggling homeowners.

DENVER, CO - December 19, 2011 - (RealEstateRama) -- After deliberating for less than four hours, a federal court jury found Vicki Dillard Crowe, aka Vicki R. Dillard, age 32, of Denver, guilty of mail and wire fraud in connection with a mortgage fraud scheme, U.S. Attorney John Walsh, FBI Special Agent in Charge James Yacone and U.S. Postal Inspector in Charge Oscar Villanueva announced. Crowe pocketed close to $1,000,000 during the course of her fraudulent scheme. The jury trial, heard before U.S. District Court Judge Marcia S. Krieger, lasted approximately two weeks. During the course of the trial the government called over 50 witnesses. Crowe is scheduled to be sentenced by Judge Krieger on March 19, 2012.

DENVER, CO - December 7, 2011 - (RealEstateRama) -- Three men were recently sentenced for implementing a mortgage fraud scheme, United States Attorney John Walsh, FBI Special Agent in Charge James Yacone and IRS Criminal Investigation, Special Agent in Charge Sean Sowards announced. U.S. District Court Judge Philip A. Brimmer sentenced Cedric Lipsey, age 36, of Denver, a licensed real estate agent, to serve 63 months in federal prison. Losses to the mortgage lenders caused by the fraud totaled over $4.2 million. Lipsey was also ordered to pay restitution to the victims of his crime. Judge Brimmer sentenced Philip A. Martinez, age 36, of Denver, a mortgage broker, to serve 50 months in federal prison. Martinez was also ordered to pay restitution to the victims of his crime. And in a separate but related case, Judge Brimmer sentenced licensed appraiser David Vukovinsky, age 49, of Castle Rock, to serve 12 months and one day in prison and pay restitution.

DENVER, CO - December 2, 2011 - (RealEstateRama) -- Real Estate Mortgage Network, Inc. (REMN), one of the largest, privately held non-bank lenders in the US, is pleased to announce the opening of their first Denver area retail location. As REMN’s first branch in the state of Colorado, this new location will help the company better service the needs of the region’s year round residents, vacation home buyers and real estate professionals.

Columbus, OH - November 4, 2011 - (RealEstateRama) -- Red Mortgage Capital, LLC has provided one of the nation’s first Fannie Mae DUS ARM 7-6 (“Fannie Mae 7-6”) structured product loans for a 46-unit/52-bed Memory Care Facility located in Louisville, Colorado.

DENVER, CO - July 4, 2011 - (RealEstateRama) -- Denver resident David Joseph Lawless, age 30, was named in a sealed criminal complaint on Monday, June 27th, on charges of arson of a building and other real property and use of a destructive device during and in relation to a crime of violence, the Department of Justice and the Lakewood Police Department announced today.

October 6, 2010 - (RealEstateRama) -- The Colorado Bureau of Investigation plans to add six new fraud unit positions to pursue mortgage fraud in Colorado with a new $1.7 million grant that was awarded this month from the Bureau of Justice Assistance of the U.S. Department of Justice, CBI Director Ronald C. Sloan announced.

August 13, 2010 - (RealEstateRama) -- Gov. Bill Ritter today announced he has appointed five new members to the Board of Mortgage Loan Originators. The Governor appointed three people to terms expiring Aug. 10, 2012: Julie I. Piepho of Fort Collins, Cheryl L. Dingwell-Keckritz of Colorado Springs and Leslie J. Mitchell of Denver

DENVER, CO - July 12, 2010 - (RealEstateRama) -- Shawn R. Tieskotter, age 37, of Greenwood Village, Colorado, and Craig D. Patterson, age 30, of Littleton, Colorado, each pled guilty before U.S. District Court Judge Robert E. Blackburn Wednesday to one count of mail fraud related to a mortgage fraud scheme. Tieskotter and Patterson were indicted by a federal grand jury in Denver on March 10, 2010. On May 20, 2010, a superseding indictment was filed. Both defendants pled guilty on July 7, 2010, and are scheduled to be sentenced by Judge Blackburn on November 12, 2010

Washington, DC - April 29, 2010 - (RealEstateRama) -- At a time when mortgage credit markets are still uncertain, Michael Bennet, U.S. Senator for Colorado, introduced a bill that will bolster Rural Housing Service loan programs on the brink of insolvency and ensure that families in Colorado's rural communities have the access to the credit they need to buy, build and repair their homes.

Washington, DC - April 8, 2010 - (RealEstateRama) -- Michael Bennet, U.S. Senator for Colorado, today sent a letter encouraging the U.S. Treasury Department to make common-sense improvements to its mortgage loan modification program that would help Coloradans from losing their homes to foreclosure. The Home Affordable Modification Program (HAMP) provides assistance to allow families facing foreclosures to stay in their homes, and the changes Bennet is pushing for would further improve the program's ability to help struggling homeowners.

Washington, DC - March 1, 2010 - (RealEstateRama) -- Michael Bennet, U.S. Senator for Colorado, today sent a letter to the U.S. Treasury Department encouraging them to forbid mortgage providers from initiating or continuing the foreclosure process until they determine whether a homeowner is eligible for mortgage loan assistance through the Home Affordable Modification Program (HAMP). The Treasury is reportedly considering this change as part of its loan modification program

DENVER, - September 8, 2009 - (RealEstateRama) -- Cedric Lipsey, age 35, and Philip A. Martinez, age 34, both from Denver, Colorado, were indicted by a federal grand jury last week on charges of wire fraud as part of a mortgage fraud scheme, U.S. Attorney David Gaouette, FBI Special Agent in Charge James Davis, and IRS Criminal Investigation Special Agent in Charge Christopher M. Sigerson announced. Lipsey was arrested by federal agents without incident. He appeared in U.S. District Court in Denver on August 31st, 2009 for an initial appearance, where he was advised of the charges pending against him. He appeared in court again today, where U.S. District Court Magistrate Judge Kristen L. Mix authorized his release on a $50,000 property bond

Washington, DC - May 21, 2009 - (RealEstateRama) — Michael Bennet, U.S. Senator for Colorado, today joined President Obama and congressional leaders at a ceremony at the White House to sign the Helping Families Save Their Homes Act into law. The legislation, which received overwhelming support in Congress, will help to keep Colorado families in their homes and strengthen the housing market by providing more tools to homeowners and loan servicers to stem the tide of home foreclosures