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The Federal Housing Administration’s single-family mortgage guarantee program moved dramatically from having a net savings to costing taxpayers money as higher-than-expected borrower defaults hit the.
Nationstar Mortgage Holdings (NSM) faces a $35 million lawsuit after backing away from plans to sell $150 million in home loans. It all started when Nationstar offered hundreds of residential.
Mortgage rates cooled off this week, showing mortgage rates easing along as the market remains uncertain about how long the Federal Reserve’s aggressive bond-buying program will ultimately last. This.
Belfort ran a classic “pump and dump” scheme: his brokers would convince clients to. I had a hard time believing he was for real,” says Koppe, a willowy, blonde ex-mortgage broker and single mum.
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U.S. District Court judge ann aiken sentenced Peter Wilkinson, 43, of Eugene, Ore., and six others for their respective roles in a $7 million mortgage fraud scheme, the U.S. Department of Justice said.
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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.
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The biggest issue is the recent spike in mortgage rates, which could ultimately tighten the economic recovery – leading to a major setback since the Federal Reserve changed its QE program last year.
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