Hawaii | Page 9 | National Mortgage Professional Magazine


The HAMB 2014 Annual Conference and Trade Show is set for Thursday, Aug. 28 at the Japanese Cultural Center of Hawaii, located at 2454 Beretania Street in Honolulu, Hawaii.
For more information, call (808) 783-4442 or visit www.hamb.org.

The Hawaii Association of Mortgage Brokers 2012 Annual Conference is set for Wednesday-Friday, May 30-June 1 at the Sheraton Waikiki Hotel, located at 2255 Kalaukaua Avenue in Honolulu, Hawaii.
►Click here for the Attendee Registration Form for the event.
►Click here for the Schedule of Events.
►Click here for information on the 2012 HAMB Annual Conference Golf Tournament.
For more information, visit HAMB.org.

The Hawaii Association of Mortgage Brokers (HAMB) 2011 Annual Conference is set for Thursday-Friday, Aug. 4-5 at the Sheraton Waikiki Hotel, located at 2255 Kalakaua Avenue in Honolulu, Hawaii. The event will include four hours on each day of CE classes with David Luna of Mortgage Educators. In addition, there will be breakout sessions covering various mortgage industry topics soon to be announced. The conference will also include continental breakfasts, lunch on both days, a charity virtual auction and a cocktail party.
For more information, click here for the registration packet, or e-mail Conference Committee Co-Chairs Steve Higa at steve@ptfinancial.com or Jodie Tanga at jodie@pacrimmtg.com.

The Hawaii Association of Mortgage Brokers will host its 2010 Annual Conference, "Don't Toy With Us ... We're Licensed & Educated!" from Thursday-Friday, June 3-4 at the Sheraton Waikiki Hotel. 
For more information on this event, visit the HAMB 2010 Annual Conference page.

Two indictments of 13 Oahu residents and one from the state of Washington on mortgage fraud related charges have been unsealed with the arrests of 10 of the 14 defendants. A federal grand jury had returned the indictments on Aug. 11, 2010, but they had remained sealed. One indictment charged 10 defendants in 56 counts of conspiracy, wire fraud, and false statements on loan applications, while the other named four defendants in 33 counts of the same nature. The 14 named defendants are:
Life imprisonment for each of two counts of willfully communicating classified national defense information to the PRC with the intent that it be used to the advantage of the PRC or to the injury of the United States:
►Estrelita "Esther" Garo Miguel
►Jennifer Garin Miguel 
►Yolie Castillo Tiburcio 
►Vinah Ceriales Morales 
►Geraldine Garin Miguel Lukela 
►Teresita "Tessie" Faeldonea Sorino
►Mary Ann Lapenia 
►Stephen Elmer Callo 
►Felicidad "Felicia" Tabalbag Corpuz (from Washington)
►Albert Lonoikauakini Joy 
►Atlantica Kahaunani "Nani" Tanuvasa 
►Lene Tanuvasa Jr. 
►Samantha Michel 
►Michelle Lee Malulani Kama 
Florence T. Nakakuni, United States Attorney for the District of Hawaii, said that according to the indictments, the purposes of the conspiracies and fraud schemes were to defraud lending institutions and others by submitting loan documents containing false information.
The two indictments allege that certain defendants recruited individuals to apply for mortgage loans and to sign loan documents containing false representations, and that some defendants were loan officers who submitted fraudulent loan applications. In reliance on the false statements, the lending institutions funded the loans, and some of the defendants then distributed the loan proceeds, as well as collected their standard fees and commissions.
For the conspiracy count, the defendants face a maximum period of imprisonment of five years and a maximum fine of $250,000. For the wire fraud counts, the defendants face a maximum period of imprisonment of 20 years and a maximum fine of $250,000. For the false statement on loan application charges, the defendants face a maximum period of imprisonment of 30 years and a maximum fine of $1,000,000. Charges in an indictment are merely accusations, and each defendant is presumed innocent unless and until proven guilty.
At the arraignments, trial dates were set for Oct. 13, 2010, for the 10 and four defendant cases before Chief United States District Judge Susan Oki Mollway and United States District Judge J. Michael Seabright, respectively.
The case resulted from an investigation by the Federal Bureau of Investigation (FBI) and Internal Revenue Service (IRS)—Criminal Investigation Division. The prosecution is being handled by Assistant United States Attorney Clare Connors.
For more information, visit http://honolulu.fbi.gov.

Countdown To Buy, a next generation online real estate marketplace that offers fair and effective solutions to buy and sell properties, has announced that it has entered its 19th state with residential properties now being featured in the Florida marketplace. These recently foreclosed properties, which were added by an existing client, will range in price from $111,000 to over $174,000 and are located in Miami, Clewiston and Middleburg, Fla. 
“Homebuyers and investors in Florida have a large selection of distressed properties to choose from during a time when interest rates are still very favorable,” said Jim Hodson, chief executive officer of Countdown To Buy. “Countdown To Buy’s online marketplace helps everyone get to decisions quicker by providing direct access to independently prepared valuation reports to help inform buyers and agents about the condition of an “as-is” property that is in foreclosure. Our process also accelerates the sales cycle as prices reduce one percent per day until a sealed offer meets the daily price. When that match occurs the offer is automatically accepted by the seller through our offer management system.”
For a video simulation of how the Countdown To Buy process works, please visit the Company’s website at www.countdowntobuy.com or click the following "How It Works" link.
In addition, Countdown To Buy received a new group of foreclosed properties located in Maryland and Hawaii from an existing client.
“We are pleased to have now featured foreclosed properties in 19 states on our innovative online marketplace, which is a significant milestone in less than six months since our launch,” said Tom Furey, managing partner of Countdown To Buy. “Our unique ability to create a win-win-win transaction for the buyer, seller, and the agent community is the sort of change the real estate industry needs to restore confidence and trust in the marketplace.”
All properties in Florida, Maryland and Hawaii can be researched, open house dates viewed and showings scheduled with real estate agents through the Company’s Web site at www.countdowntobuy.com.

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ING Mortgage is the operating name of ING Bank, fsb in the Wholesale Lending channel. ING Mortgage is backed by ING, a global financial institution.