Firm's Ex-Officials Charged With Fraud Washington Post, United States The Securities and Exchange Commission yesterday charged former top executives at one of the big beneficiaries of the housing boom, American Home Mortgage Investment Corp., with accounting fraud and making false disclosures at the start of the mortgage ... ENFORCEMENT PROCEEDINGS - SEC Sues Former Officers of American ... SEC charges ex-American Home Mortgage executives |
Archive for April, 2009
Firm's Ex-Officials Charged With Fraud - Washington Post
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Tougher mortgage rules often leave condo sellers in a bind - Los Angeles Times
Tougher mortgage rules often leave condo sellers in a bind Los Angeles Times, CA New mortgage industry policies are forcing lenders to look more closely at the makeup of entire complexes before extending loans to prospective buyers or to people who want to refinance. The increased scrutiny is making it tougher to buy -- and hence ... |
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Foreclosure Prevention Plan Expanded to 2nd Mortgages - Washington Post
 ABC News | Foreclosure Prevention Plan Expanded to 2nd Mortgages Washington Post, United States By Renae Merle The Obama administration unveiled an expansion of its $75 billion foreclosure prevention plan yesterday, providing new subsidies to mortgage lenders and investors. Under the expanded plan, some homeowners could see their payments fall ... US Govt Unveils New Mortgage Modification Incentives U.S. offers 1% second-mortgage rates via modification plan US GOVTS: Treasury To Modify Second Lien Mortgages |
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Mortgage rates hold steady; Texas sees slight rise from previous week - Bizjournals.com
 Nurido | Mortgage rates hold steady; Texas sees slight rise from previous week Bizjournals.com, NC The average rate for a 30-year, fixed-rate mortgage remained steady last week, with Texas' rate rising slightly. For the week ended April 26, the average rate for a 30-year, fixed-rate mortgage in Texas was 5.03 percent, up 0.3 percent from the week ... Refinancing a Mortgage from an ARM to a Fixed Rate Mortgage 30-Year Mortgage Rates Remain Low The Truth About Mortgage Refinancing Revealed By Tennessee ... |
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Mortgage broker Victor Thomas Clavizzao sentenced in fraud case - Bizjournals.com
 Tampa Tribune | Mortgage broker Victor Thomas Clavizzao sentenced in fraud case Bizjournals.com, NC US District Court Judge James S. Moody sentenced Victor Thomas Clavizzao of St. Petersburg to five years in federal prison along with fines and restitution of $8 million for his part in a mortgage fraud scheme that affected 13 properties in 2006 and ... Victor Clavizzao sentenced to five years for mortgage fraud Unlicensed broker gets 5 years in mortgage fraud |
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Feds Charge Metro Dream Homes Officers - Washington Post
 ABC News | Feds Charge Metro Dream Homes Officers Washington Post, United States As Henri Cauvin reports for The Post, Williams and three other top Dream Homes participants have been indicted by a federal grand jury in the alleged mortgage fraud scheme, which the Justice Department says was worth $70 million. ... 5 charged in 'nightmare' $70M mortgage scheme Charges brought in alleged $70M Md. mortgage fraud scheme Indictments in local mortgage scam |
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Opposition could derail mortgage-modification proposal - SmartBrief
Opposition could derail mortgage-modification proposal SmartBrief, DC "I hope we can muster the courage and find the votes, although I know it will be hard. It's hard to imagine that today the mortgage bankers would have clout in this chamber, but they do," Durbin said. Washington Post, The (28 Apr.) On Tap: Credit Card Holders' Rights, Mortgage Relief Credit Union group rebuffs mortgage relief plan Cramdown vote expected with housing bill |
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Senate to Vote on Plan Bolstering Mortgage-Fraud Prosecutions - Bloomberg
 The Southern Ledger | Senate to Vote on Plan Bolstering Mortgage-Fraud Prosecutions Bloomberg By James Rowley April 28 (Bloomberg) -- The US Senate is poised to approve legislation giving the government more power to prosecute mortgage and financial fraud and creating a commission to investigate the causes of the economic crisis. ... Senate oks $490 million to fight mortgage cons US Senate passes financial fraud bill US Senate nears vote on financial fraud bill |
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Wilbur Ross, Richard LeFrak team on public-private plan - MarketWatch
Wilbur Ross, Richard LeFrak team on public-private plan MarketWatch Assured Guaranty Ltd. and American Home Mortgage Servicing Inc. will also be part of the group. Both companies are controlled by Ross. American Home Mortgage is the largest independent servicer of subprime mortgages and Alt-A loans, with 525000 loans ... Invesco, WL Ross To Commit $1B To Treasury's PPIP Effort >IVZ Invesco and Ross to invest $1 billion in bank assets Invesco and Wilbur Ross Group to Purchase $1 Billion in Distressed ... |
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DC-based company took investors for $70M in mortgage scheme … - Washington Examiner
DC-based company took investors for $70M in mortgage scheme ... Washington Examiner, DC Federal authorities say a District-based company promising to pay off the mortgages of its investors, was actually a Ponzi scheme that robbed more than 1000 home owners of $70 million. Metro Dream Homes was founded by Andrew Hamilton Williams Jr., ... |
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