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14 Aug 2014, 5:04 pm by Allison Tussey
According to filed documents and statements made in court, Bailey was a former sales manager with Homes America in Hudson, N.C. [read post]
4 Aug 2014, 7:42 am by Pete Strom
Bank of America Ordered to Pay $1.3 Billion for Mortgage Fraud On Wednesday, July 30th, a federal jury ruled that Bank of America would pay $1.27 billion in civil penalties for mortgage fraud and bad home loans sold to Fannie Mae and Freddie Mac, which in part triggered the Great Recession in 2008. [read post]
29 Jul 2014, 5:01 pm by Sabrina I. Pacifici
Debt in America by Caroline Ratcliffe, Signe-Mary McKernan, Brett Theodos, Emma Kalish, Additional Authors. [read post]
26 Jul 2014, 6:16 am by Mark S. Humphreys
" This high-cost version of property insurance protects the homes of uninsured borrowers. [read post]
23 Jul 2014, 7:34 am by Allison Tussey
Early in 2011, defendant Sophia Atias had defaulted on some $750,000 in a mortgage and home equity loan secured by a home she owned at 83 Cathedral Avenue, Hempstead, New York, which sat adjacent to the high school. [read post]
22 Jul 2014, 7:32 am by Allison Tussey
Kevin Lauricella, 29, Thousand Oaks, California, a former Bank of America employee was sentenced to 30 months in federal prison for taking more than $1.2 million in bribes to approve artificially low-price short sales of properties on which the bank held mortgages. [read post]
15 Jul 2014, 5:29 am by Mark Astarita
The bank took a $3.7 billion charge in the second quarter ended June 30 to cover the cost of the settlement.Citigroup was among lenders including Bank of America Corp. investigated by the Justice Department for allegedly misrepresenting the quality of mortgage-backed bonds as home prices plummeted in 2006 and 2007. [read post]
13 Jul 2014, 1:41 am by rhapsodyinbooks
  Significantly, their capital was largely in short term borrowings that could flee with the merest hint or rumor of insolvency, while their assets were primarily in longer term instruments like home mortgages or the complicated securities derived from or backed by such mortgages. [read post]
23 Jun 2014, 8:39 am by Allison Tussey
Darryl Glasco, 55, Pendleton, New York, who was convicted of bank fraud, was sentenced to six months home detention and four years supervised release for his role in a mortgage fraud scheme wherein fraudulent appraisals were submitted to lenders inflating property values. [read post]
12 Jun 2014, 8:43 am by John Elwood
– it’s all a distraction from America’s fastest-growing spectator sport, Relist Watch. [read post]
11 Jun 2014, 8:36 am by Allison Tussey
Finally, in Tucson, Arizona, a middle-aged couple on the brink of divorce, but too sickly and too broke to move forward with the proceedings, united in their fight to save their major marital asset, their home, but were fleeced out of their mortgage payments by a foreclosure rescue scammer. [read post]
10 Jun 2014, 11:37 am by Bill Ward
Municipalities will then be responsible for compensating lenders for a value greater than that of the home securing the mortgage. [read post]
10 Jun 2014, 7:38 am by Allison Tussey
Furthermore, the indictment alleges that, even after the HUD investigation into Bailey and Homes America became known, Parris, Sparrow and McKeown continued the scheme at other PHG locations. [read post]
28 May 2014, 7:05 am by Jim Butler
” — Owner/Operator in reference to the forecast of typical mortgage loan/value ratios. [read post]
23 May 2014, 11:37 am by The Book Review Editor
And so the Guatemalan army carried out what may have been the most brutal counterinsurgency campaign in Latin America. [read post]
13 May 2014, 7:10 pm by Jordan Pascale, P.L.
It assigned the mortgage and note to Federal Home Mortgage Corporation (Freddie Mac). [read post]
9 May 2014, 11:22 am by Stephen Gottlieb
Actually, the government should stop encouraging the suburbanization of America. [read post]
28 Apr 2014, 7:14 am by Robert Kraft
Previous VA loans are assumable, and there are no mortgage insurance premiums. [read post]