EL PASO, Texas — A Horizon City man claims a mortage company took advantage of him at the most vulnerable time in his life. The bank foreclosed on his home and he needed help, but he said a mortgage company just took more of his money and didn’t …
Angelo Surveo Williams and Teresa Marie Wilson were found guilty Monday of racketeering and using false pretenses to acquire $20,000 or more after a weeklong mortgage fraud case. Racketeering, the most serious charge, carries a maximum penalty of 20 …
Freddie Mac’s losses narrowed to $6.3 billion in the third quarter, but the government-controlled mortgage finance company didn’t need a federal cash infusion. Freddie Mac’s losses narrowed to $6.3 billion in the third quarter, but the government …
As if border security and immigration issues weren’t keeping the U.S. Attorney’s Office for the District of Arizona busy enough, mortgage fraud has become epidemic, according to Dennis Burke, who assumed the office just seven weeks ago. A great deal …
CHICAGO–(BUSINESS WIRE)–Nuveen Investments, a leading global provider of investment services to institutions and high-net-worth investors, today announced plans for a public offering of a new closed-end fund, Nuveen Mortgage Opportunity Term Fund …
Alliance Party finance spokesperson Professor Jim Flynn says the government has to think outside the square to prevent ordinary New Zealanders losing their houses during the economic crisis because they can’t afford their mortgage payments. In the …
NEW YORK (AP) – Four New York City homeowners have filed a lawsuit charging they were denied access to a federal home-refinancing program. The plaintiffs are homeowners in Brooklyn and Queens who have mortgages serviced by Aurora Loan Services. They …
WASHINGTON (AP) – Government controlled mortgage provider Fannie Mae said Monday the U.S. Treasury has blocked its plans to sell more than $2.5 billion in low-income housing tax credits. In a regulatory filing Monday, Fannie Mae, formally known as …
A federally chartered credit union in New York is challenging a tax that the state imposes on mortgage origination, arguing that its federal charter preempts any state taxation. The $2.6 billion Hudson Valley Federal Credit Union brought a complaint …
A small local lender has cut its mortgage rates despite official warnings about the risks of low rates. Chong Hing Bank (1111) said yesterday it is offering mortgage rates as low as prime minus 3.8 percent, or an effective rate of 1.45 percent, for …
