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.
Read more on NPR
‘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
Man gets 6 years in flipping scam
Man gets 6 years in flipping scam
The last of 10 people was sentenced yesterday in a $25 million mortgage-fraud case that netted the scammers as much as $1 million a year each.
Read more on The Columbus Dispatch
Categories: mortgage meld Tags: flipping, gets, scam, years
Repossesions of homes at highest level for 14 years
Repossesions of homes at highest level for 14 years
The number of people who lost their homes soared to a 14-year high in 2009, new figures show. Related Stories Mum’s tears for her ‘warrior’ soldier son Bus attacks spark pull-out threat Prosthetic gaffe leaves man with two left feet MI5 chief denies staff withheld detainee file Paramedic assaulted giving first aid
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Categories: mortgage meld Tags: Highest, homes, level, Repossesions, years
SEC’s Khuzami Needs Results After Biggest Overhaul in 30 Years
SEC’s Khuzami Needs Results After Biggest Overhaul in 30 Years
In less than a year as head of the Securities and Exchange Commission’s enforcement division, Robert Khuzami has led the agency’s biggest overhaul in at least three decades. This year will show whether he succeeded in restoring the SEC’s credibility as Wall Street’s sheriff.
Read more on BusinessWeek
Calif. woman gets 3 years for huge mortgage fraud
Calif. woman gets 3 years for huge mortgage fraud
A former Beverly Hills real estate appraiser has been sentenced to three years in federal prison for her role in a massive mortgage fraud.
Read more on AP via Yahoo! Finance
Q4 GDP Rose 5.7%, Best In Six Years And Above Views
Q4 GDP Rose 5.7%, Best In Six Years And Above Views
Gross domestic product rose at a 5.7% annual rate in Q4, the highest in six years, the Commerce Department said Friday. But analysts expect growth to slow as consumers keep a lid on spending.
Read more on Investor’s Business Daily via Yahoo! News
Ex-prosecutor admits fraud, gets 3 years probation
Ex-prosecutor admits fraud, gets 3 years probation
CONCORD – A former Hillsborough County prosecutor who admitted to lying on mortgage applications for more than $600,000 in loans was sentenced Wednesday to three years on probation, and fined $100, federal court records show.
Read more on The Nashua Telegraph
Categories: mortgage meld Tags: admits, Exprosecutor, fraud, gets, probation, years
FSA removes director’s approval to hold senior positions for two years
FSA removes director’s approval to hold senior positions for two years
The Financial Services Authority (FSA) has revoked the approval of a Durham-based director of a mortgage broker firm, preventing him from holding senior positions in the financial services industry for at least two years.
Read more on UK Financial Services Authority
Categories: mortgage meld Tags: approval, director's, hold, positions, removes, senior, years