A bit about contruction and mortgages…
Mark Raphael Rice, Atlanta, Georgia, was issued a Cease and Desist Order by the Georgia Department of Banking and Finance for making misrepresentations in loan files submitted to mortgage lenders and for possessing loan documents signed in blank by bor…
Justin L. Stuckey, 34, Fort Wayne, Indiana, is charged in a five count Indictment with wire fraud for acts which occurred April 17, 2002, through June 21, 2002. Stuckey owned and operated Maximum Mortgage, a mortgage brokerage company doing business …
Willie Collins and Freddie Johnson separately pleaded guilty (Collins Plea, Johnson Plea) to multiple counts of aggravated identity theft and mail fraud in connection with obtaining fraudulent mortgage loans on a Cherokee Triangle residence. Two other …
A thirty-eight count federal grand jury indictment was unsealed against 12 people: Lutrell Maurice Sharpe, 39, Micah Lynn Bowens, 38; Jennifer Sue Sellers (licensed Nevada real estate agent), 29; Marcus Vyncyn Dozzell, 33; Charles William Dozzell…
James Lytle, Lake Geneva, Wisconsin, is scheduled to plead guilty to defrauding mortgage lenders by making false representations in loan applications relating to the creditworthiness of borrowers and the appraised value of 19 properties. The In…
James Lytle, Lake Geneva, Wisconsin, plead guilty to defrauding mortgage lenders by making false representations in loan applications relating to the creditworthiness of borrowers and the appraised value of 19 properties. The Information allege…
Local· Auctions, Price Cuts, Punctuate 2007 RE Market [MPR]· Burbs Pay Big Bucks for Big City Ambitions [Strib]Elsewhere Otherwise· How to Clean an Apartment Before Moving Out [wikihow]· Fed Guidance on Credit Cards is Weak [creditslips]· The Problem With Good Faith Estimates [raincityguide]· Decide to Buy in 5 Seconds or Less? [Matrix]· How to Hire and Agent When Moving from Out of State [WSJ]…
Last Week:As we noted, rates moved up again on a combination of technical factors and the fact that money flowed from bonds to stocks throughout the week.This Week:The Fed Minutes (Wed) and GDP numbers (Thurs) will hold the markets attention early on, but we expect Friday’s PCE (personal consumption expenditure) index - the Fed’s favorite yardstick for inflation - and employment report to be the numbers with the most market moving potential. Risks continue reside on the upside for mortgage rates this week, though an inflation friendly PCE number could help rates recover some lost ground.This Week’s Economic Calendar [barron’s]…
Richard A. Maize, 53, Beverly Hills, a West Los Angeles, California mortgage banker, agreed to plead guilty to federal criminal charges in a massive mortgage fraud scam that caused more than $18.5 million in losses to banks, including his former employ…
Michelle Cochrane, 45, Folsom, Louisiana, pled guilty to a Bill of Information in connection with an on-going federal investigation into a “house-flipping” scam. The Information charged the defendant with conspiracy to make false statements t…