Former Ore. mortgage broker sentenced to 2 years

Fed Pulls The Plug On Mortgage Purchases
The Federal Reserve will stop buying mortgage-backed securities this week, ending a massive program that’s been helping the housing market recover. The Fed has bought more than $1.2 trillion of mortgage-backed securities in all.

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‘Gangster’ admits mortgage fraud
An alleged Glasgow gangster admits defrauding more than £250,000 by lying about his income on mortgage applications.

Read more on BBC News

Former Ore. mortgage broker sentenced to 2 years
A former Oregon mortgage broker has been sentenced to two years in federal prison after pleading guilty to identity theft for making false loan applications to buy homes for his girlfriend.

Read more on AP via Yahoo! Finance