Mortgage Lenders News

Ex-mortgage broker convicted in $2.4M mortgage scheme

The Federal Reserve’s unexpected decision to maintain its current bond-buying program spells good news for mortgage volumes over the near term, according to Fitch Ratings. In recent months, mortgage.

This means the House will not consider a government-sponsored enterprise bill by year-end, showing the challenges officials still face in reforming the sustainability of the mortgage finance system..

Mortgage brokers keep up-to-date with the latest product offerings from lenders. See 6 reasons to use a mortgage broker in this article. skilled negotiators: mortgage brokers’ skill and experience, combined with their relationships with lenders,help them.

Unless both sides of the aisle can reach a compromise or one side folds, the government will have its first shutdown in 17 years, creating even more uncertainty for the already uncertain mortgage..

Mortgage broker, lender and real estate agent Marco Laureti has been convicted in a $20 million mortgage fraud scheme in south florida. laureti was found guilty of one count of conspiracy to commit wire fraud and seven counts of wire fraud affecting washington mutual, according to the Daily.

 · An Alberta ex-mortgage broker convicted of 23 counts of fraud and theft got his appeal dismissed by the province’s Court of Appeal late last week. In late February last year, Brandon Antonini was sentenced to four and a half years in prison over a bogus bridge financing scheme that bilked $2.4 million from five investors.

Looking at Mortgage Companies in Florida? Mistakes to Avoid – New Florida Mortgage

A Miami title agent and former mortgage broker was found guilty late yesterday, Feb. 4, 2013, for her role in a "reverse mortgage" fraud scheme in connection with a loan worth more than $400,000, announced Assistant Attorney General Lanny A. Breuer of the.

Fury noted that the prosecution’s key witness, William Barksdale, a convicted Levittown mortgage broker who had orchestrated the plan, had testified McGhee misstated her income to the mortgage company to obtain a mortgage on Fryar’s Springfield Township house, to retrieve it from foreclosure.

Mortgage rates remained largely unchanged from last week after bouncing around from July to August on market uncertainty as to whether the Federal Reserve will taper its bond-buying program. Mortgage.

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Fixed mortgage rates fell to a nine-week low this past week, following the Federal Reserve’s announcement that it will maintain its bond-buying program to keep homebuyer affordability elevated. The 30.