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Washington, DC - October 28, 2011 - (RealEstateRama) -- Congresswoman Waters (CA), Ranking Member on the Subcommittee on Capital Markets and Government Sponsored Enterprises, today led 15 of her colleagues in the House of Representatives, renewing her call for U.S. bank regulators to publicly release information regarding the steps that mortgage servicers are taking to prevent illegal foreclosure practices.

LOS ANGELES, CA - October 13, 2011 - (RealEstateRama) -- Charles Dunn Company, one of the largest full-service regional real estate firms in the Western United States, has named Tracy Taft as business development account executive. The 15-year commercial real estate industry veteran will be responsible for outreach to property owners and middle-market investors in order to expand the firm’s brokerage, property management and distressed assets activity.

Irvine, CA - October 11, 2011 - (RealEstateRama) -- Faris Lee Investments, the nation’s largest retail-specialized investment advisory firm, has recently closed several single-tenant NNN leased property sales totaling more than $6.5 million including a property occupied by Del Taco in McKinney, TX, a property occupied by Carl’s Jr. in Newhall, Calif., and a property occupied by Wells Fargo in Stallings, NC. With this recent deal activity, the firm has completed a total of 20 single-tenant, NNN leased retail property transactions this year valued in excess of $50 million, proving that the single-tenant property category continues to be in demand by investors.

IRVINE, CA - October 11, 2011 - (RealEstateRama) -- Faris Lee Investments has expanded its Investment Banking platform with the addition of 25-year real estate industry veteran Terry Thompson who will lead a national focus on institutional client growth as well as account management as managing director, business development. For Faris Lee, this year marked an increased emphasis on positioning the firm’s investment sales expertise and capital markets intelligence on a national level as part of an integrated investment services platform that encompasses Faris Lee Investment Banking, Faris Lee Capital, and Faris Lee Advisors. Thompson’s hiring is an important element in the firm’s overall services platform delivery to Faris Lee’s growing institutional client base across the U.S.

SACRAMENTO, CA - September 30, 2011 - (RealEstateRama) -- A federal grand jury returned an indictment on Sept. 28, 2011, charging Valeri Mysin, 31, of Citrus Heights, Calif.; Angela Shavlovsky, 52, of Sacramento, Calif.; Nikolay Katinskiy, 28, of Lynwood, Wash.; Michael Kennedy, 44, of Miami Beach, Fla.; Alexander Kokhanets, 34, of Roseville, Calif.; Boris Murzak, 38, and Zinaida Murzak, 40, both of Sacramento; and Vitaliy Tuzman, 31, of West Sacramento, Calif., with conspiracy to commit mail fraud in connection with a mortgage fraud scheme involving the purchase of seven homes. Katinsky and Kennedy were also charged with money laundering in connection with the scheme, announced U.S. Attorney for the Eastern District of California Benjamin B. Wagner. Shavlovsky, Katinskiy, and Kennedy were arrested by FBI agents yesterday afternoon, and Kokhanets, Boris Murzak, and Zinaida Murzak were issued a summons. They are expected to be arraigned before the U.S. Magistrate judge today at 2:00 p.m.

Fresno, CA - August 29, 2011 - (RealEstateRama) -- U.S. Senator Barbara Boxer (D-CA) today reacted favorably to press reports that the Obama Administration is considering new measures to slow down foreclosures and boost the economy by taking steps similar to S.170, the Helping Responsible Homeowners Act. This bipartisan bill will help up to two million Americans to refinance their mortgages at historically low interest rates, keeping them in their homes and boosting economic growth.

SAN FRANCISCO, CA - August 19, 2011 - (RealEstateRama) -- Attorney General Kamala D. Harris today announced that the California Department of Justice, in conjunction with the State Bar of California, has sued multiple entities accused of fraudulently taking millions of dollars from thousands of homeowners who were led to believe they would receive relief on their mortgages.

FRESNO, CA - July 29, 2011 - (RealEstateRama) -- United States Attorney Benjamin B. Wagner announced that a federal grand jury returned a two-count indictment today charging Tony Huy Havens, 37, of Modesto, with conspiracy to commit mail fraud and mail fraud in a mortgage fraud scheme.

July 29, 2011 - (RealEstateRama) -- United States Attorney Laura E. Duffy announced that Matthew “Beau” La Madrid was sentenced today by U.S. District Court Judge William Q. Hayes to serve a lengthy federal prison term in connection with his operation of the Plus Money Premium Return Funds (“PRF”) and related real estate investment and mortgage fraud schemes. The defendant entered his guilty plea on January 3, 2011.

Washington, DC - July 21, 2011 - (RealEstateRama) -- Congresswoman Waters (CA), Ranking Member on the Subcommittee on Capital Markets and Government Sponsored Enterprises, today led 11 of her colleagues in the House of Representatives urging U.S. bank regulators to publicly release information regarding the steps that mortgage servicers are taking to prevent illegal foreclosure practices. An identical letter was sent by U.S. Senator Robert Menendez (NJ), Chairman of the Senate Subcommittee on Housing, Transportation, and Community Development, and nine additional Senators.

SACRAMENTO, CA - July 20, 2011 - (RealEstateRama) -- United States Attorney Benjamin B. Wagner announced today the unsealing of an indictment charging seven real estate professionals with conspiracy to commit wire fraud in connection with a mortgage fraud scheme. The indictment was returned by a federal grand jury on July 14, 2011.

La Jolla, CA. - July 19, 2011 - (RealEstateRama) -- The number of California homes that went into foreclosure fell to a four-year low last quarter, the result of a more stable housing market as well as policy changes in the mortgage servicing industry, a real estate information service reported.

PASADENA, CA - July 18, 2011 - (RealEstateRama) -- Real Estate Mortgage Network, Inc. (REMN), is continuing its retail expansion in Southern California with the opening of a new office in Pasadena. The office will be led by Los Angeles lending industry veteran Tami Murphy, who joins REMN as the company’s latest Branch Manager. Murphy will report directly to fellow industry veteran, Kevin Hoyt, who joined REMN as the company’s Western Regional Retail Manager earlier in April.

LOS ANGELES, CA - July 11, 2011 - (RealEstateRama) -- Six Los Angeles County residents have been charged for their roles in a mortgage fraud scheme that used fraudulent loan applications and supporting documents to convince lenders to fund approximately 20 loans that resulted in approximately $4 million in losses.

LOS ANGELES, CA - June 27, 2011 - (RealEstateRama) -- Charles Dunn Company, one of the largest full-service regional real estate firms in the Western United States, has been selected to market National City Tower, an historic adaptive reuse development that includes 93 residential lofts that are approximately 95 percent occupied, as well as ground floor and basement retail space. The 12-story, 118,162 square foot property is being offered at $32.75 million.

LOS ANGELES, CA - June 24, 2011 - (RealEstateRama) -- More than 30,000 California families will face higher down payments, higher mortgage rates, and stricter loan qualification requirements if conforming loan limits on mortgages backed by the Federal Housing Administration (FHA), Fannie Mae, and Freddie Mac are reduced beginning October 1, 2011, according to analysis by the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.).

LOS ANGELES, CA - June 23, 2011 - (RealEstateRama) -- Charles Dunn Company, one of the largest full-service regional real estate firms in the Western United States, has completed the $2,475,000 sale of a 5,550 square foot office building located at 417 S. Beverly Dr. in Beverly Hills, Calif.

Irvine, CA - June 23, 2011 - (RealEstateRama) -- Faris Lee Investments, the nation’s largest retail investment advisory firm, has completed the $16.5 million sale of Westchester Place, a two-story 50,861-square-foot retail center located at 8820-8844 South Sepulveda Blvd. in Los Angeles. Built in 2007 and situated on 1.71 acres, tenants include: Bed Bath & Beyond, Starbucks Coffee, Wells Fargo and Movement Performance Institute.

SACRAMENTO, CA - June 20, 2011 - (RealEstateRama) -- U.S. Attorney Benjamin B. Wagner announced that a grand jury returned a nine-count indictment today against Alonzo Jackson Brown III, 44, of Fairfield, charging him in connection with an investment fraud scheme and a mortgage fraud scheme.

June 13, 2011 - (RealEstateRama) -- “More than two years after the Home Affordable Modification Program (HAMP) was launched, I am pleased that the Administration has finally decided to take enforcement seriously and penalize three servicers who have, as a matter of standard practice, foreclosed on millions of homeowners, often without properly screening them for modifications or otherwise following program rules.