A defendant in a $14 million bank fraud indictment has pleaded guilty to mortgage fraud. Wildor Washington Jr., 39, of Leawood pleaded guilty to one count of conspiracy, seven counts of wire fraud and three counts of money laundering. In his plea …
MEXICO CITY -(Dow Jones)- Mexican mortgage company Hito said Friday it placed 3 billion pesos ($230 million) in securities backed by mortgages granted by state workers housing fund Fovissste. The sale was the first public offering of the Bonhito …
Nine months ago, the Obama administration offered banks $75 billion in taxpayer money to rework troubled mortgages. Yet so far, $75 billion hasn’t been enough to compel many lenders to permanently reduce monthly mortgage payments for millions of cash …
CENTER HARBOR, N.H. — Allegations of fraud and missing money are being made after a Meredith, N.H., mortgage company closed down. Investors are scrambling to find millions that they’re owed, and construction projects financed by Financial Resources …
They are the buy-to-let tycoons who became one of Britain’s wealthiest couples by acquiring an empire of hundreds of homes. At one point Fergus and Judith Wilson even overtook the Beckhams in a husband and wife Rich List, with a personal fortune …
NEW YORK -(Dow Jones)- Agency mortgage-backed securities ended the day at their lowest risk premiums since before the failure of two Bear Stearns hedge funds in July 2007 set off a precipitous decline, according to FTN Financial. The bonds, bundled …
Seven people face 53 counts of conspiracy, wire fraud and money laundering in a mortgage-fraud scheme involving more than 100 Northern California properties, federal prosecutors said Friday. A grand jury indictment claims that from October 2004 …
Despite falling housing prices, the limits on what are considered conforming mortgages won’t change for 2010. The Federal Housing Finance Agency has set the maximum amount on conforming mortgages for single family homes, condos and condominiums at …
It was a busy day in the rates market yesterday. Although several data releases needed to be digested, the main event was the 30 year bond auction. Recently, while demand for shorter maturity Treasury notes has proven stable in the “post-November 4 …
Despite falling housing prices, the limits on what are considered conforming mortgages won’t change for 2010. The Federal Housing Finance Agency has set the maximum amount on conforming mortgages for single family homes, condos and condominiums at …
