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Area seniors are invited to Senior Scam Jam, a free workshop in Prestonsburg to learn how to protect themselves from financial fraud and scams. The event is being held from 9 a.m. – 2 p.m. Thursday, Aug. 20. Registered participants will be provided with lunch, take-home materials and a chance to win door prizes. Topics include cybercrime, mail fraud, reverse mortgages, identity theft, medicare fraud and investment fraud

WASHINGTON, D.C. - September 25, 2013 - (RealEstateRama) -- Attorney General Conway and Lexington Mayor Jim Gray today announced that more than $750,000 will be provided to Lexington initiatives that help displaced families, prevent foreclosures and create affordable housing. The Office of the Attorney General provided funds it recovered after settling a lawsuit with Lender Processing Services, Inc. (LPS) and two of its subsidiaries over allocations of "robo-signed" mortgage loan default servicing documents.

WASHINGTON, D.C. - August 22, 2013 - (RealEstateRama) -- Kentucky Attorney General Jack Conway today announced that the nation's five largest mortgage servicers continue to provide direct relief to homeowners in Kentucky and across the country as part of the historic national mortgage foreclosure settlement. According to the fifth and final post-settlement report released today by the independent settlement monitor, 1,833 Kentucky homeowners received more than $63.7 million in settlement-related relief from Ally/GMAC, Bank of America, Citi, Chase and Wells Fargo through June 30, 2013. Borrowers each received an average of $34,771 in assistance

WASHINGTON, D.C. - June 4, 2013 - (RealEstateRama) -- Kentucky Attorney General Jack Conway today announced the distribution of more than $11 million to 7,801 eligible borrowers in Kentucky for mortgage servicing abuses. Checks to borrowers who submitted valid claims will be mailed June 10 through June 17, 2013.

WASHINGTON, D.C. - May 21, 2013 - (RealEstateRama) -- Kentucky Attorney General Jack Conway today announced that the nation’s five largest mortgage servicers continue to provide direct relief to homeowners in Kentucky and across the country as part of the historic national mortgage foreclosure settlement. According to the fourth post-settlement report released today by the independent settlement monitor, 1,757 Kentucky homeowners received more than $61.1 million in settlement-related relief from Ally/GMAC, Bank of America, Citi, Chase and Wells Fargo through March 31, 2013. Borrowers received an average of $34,806 in assistance

Reston, Virginia - February 18, 2013 - (RealEstateRama) -- MERSCORP Holdings, Inc. today announced that a three-judge panel of the U.S. Court of Appeals for the Sixth Circuit ruled in favor of MERSCORP Holdings, Inc. and Mortgage Electronic Registration Systems, Inc. (collectively, MERS) and a number of MERS members by affirming a U.S. District Court dismissal of a recording fee suit filed jointly by Christian and Washington County Clerks in Kentucky.

LOUISVILLE, KY - November 26, 2012 - (RealEstateRama) -- A Jeffersonville, Indiana man was sentenced in United States District Court this week by District Judge Charles R. Simpson, III to 15 months in prison and ordered to pay $487,111 in restitution after pleading guilty to engaging in a conspiracy, with five indicted co-defendants, to commit bank and wire fraud. In court, Dane Little admitted to intentionally devising a scheme to defraud various banks and mortgage lenders by submitting fraudulent mortgage loan information in the purchase of 19 properties in Louisville, Kentucky and Jeffersonville, Indiana, totaling nearly $5 million dollars announced David J. Hale, United States Attorney for the Western District of Kentucky.

FRANKFORT, KY - February 13, 2012 - (RealEstateRama) -- Today the Department of Financial Institutions (DFI) announced it is participating in the $25 billion national mortgage settlement reached in response to significant and far-reaching problems discovered in the residential mortgage servicing industry.

FRANKFORT, KY - October 4, 2011 - (RealEstateRama) -- The Department of Financial Institutions (DFI) urges consumers to take time during Financial Planning Week, Oct. 3-9, 2011, to re-evaluate personal goals and the financial paths to achieve them.

LOUISVILLE, KY - February 25, 2011 - (RealEstateRama) -- David J. Hale, United States Attorney for the Western District of Kentucky, announced today that a federal grand jury in Louisville returned a superseding indictment against six Kentuckiana men charging them with one count of engaging in a conspiracy to commit bank and wire fraud by intentionally devising a scheme to defraud various banks and mortgage lenders by submitting fraudulent mortgage loan information in the purchase of 19 properties in Louisville, Kentucky and Jeffersonville, Indiana totaling nearly $5 million dollars.

October 13, 2010 - (RealEstateRama) -- Attorney General Jack Conway announced today that his office and attorneys general from 48 other states have formed a multistate group to inquire whether or not individual mortgage servicers have improperly submitted affidavits or other documents in support of home foreclosure actions filed in state court. The facts uncovered in the investigation will dictate the scope of the inquiry

FRANKFORT, KY - October 1, 2010 - (RealEstateRama) -- Gov. Steve Beshear, along with Kentucky Housing Corporation (KHC) Chief Executive Officer Richard L. McQuady, today announced that Kentucky will receive additional funding from the U.S. Treasury Department to help unemployed and underemployed homeowners pay their mortgages as they seek work. Kentucky originally expected to receive $55.6 million, but received notification today that that state will receive an additional $93.3 million for a total of $148.9 million.

FRANKFORT, KY - August 11, 2010 - (RealEstateRama) -- Gov. Steve Beshear, along with Kentucky Housing Corporation (KHC) Chief Executive Officer Richard L. McQuady, today announced that Kentucky will share $2 billion in federal assistance to help unemployed and underemployed homeowners pay their mortgages as they seek work, along with 16 other states and the District of Columbia. Kentucky is eligible for this assistance as a result of having sustained unemployment rates at or above the national average during the last 12 months.

FRANKFORT, KY - June 14, 2010 - (RealEstateRama) -- The Kentucky Department of Financial Institutions (DFI) today issued a cease and desist order against a mortgage company called Home Ownership Possibilities for Everyone LLC (HOPE) in Louisville, Ky.

FRANKFORT, KY - June 11, 2010 - (RealEstateRama) -- The Kentucky Department of Financial Institutions (DFI) today issued a cease and desist order against a mortgage company called Home Ownership Possibilities for Everyone LLC (HOPE) in Louisville, Ky. The order prohibits HOPE from engaging in the mortgage business in Kentucky. The order states the company operated as a mortgage loan broker, but was not licensed or exempt from licensure; charged illegal upfront fees; and made misrepresentations, concealed facts or engaged in business that has tended to work as a fraud.