· It is amortizing $4.5 million of flotation costs on the 10% bonds over the issue’s 30-year life. Schumann’s investment bankers have indicated that the company could sell a new 22-year issue at an interest rate of 8 percent in today’s market.
Case-Shiller: Home prices continue to slow as housing stalls The Dove: Keep interest rates low Real Estate – Listings, Housing News and Advice from AOL. – Read the latest real estate news, find homes for sale, and get advice from leading real estate experts for homebuyers, homeowners and sellers. · According to the latest case-shiller home price index, price gains slowed to their lowest level in five months at the end of January. Year over year, the 10-city S&P composite showed that prices were up 13.5 percent at the end of January, while the 20-city composite rose just 13.2 percent.
· More than 400 real estate industry players have been indicted since March – including dozens over the last two days – in a Justice Department crackdown on incidents of mortgage fraud.
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The FBI estimates, however, that the actual number of mortgage fraud cases was closer to 36,000 for the fiscal year ended September 30, 2006, compared with 22,000 the previous year. 5 More than half of the current investigations involve expected losses greater than $1 million, and financial institutions represent 57 percent of the victims.
FBI Issues Mortgage Fraud Notice in Conjunction With Mortgage Bankers Association. Since September 2002, the number and types of investigations have increased from 436 to 1,036. Of these current cases, 51% involve expected losses in excess of $1 million, and 57% involve our federally insured financial institutions as victims.
Banks push harder to sideline Richmond eminent domain plan BofA and DOJ mortgage settlement deadlocked Fully extinguished second liens under HAMP hard to come by · Can I Get A Second Mortgage Modification? January 28, 2014 6 Comments You previously fell behind on your home loan then diligently worked with your lender to successfully mend default with the help of a loan modification.NAR existing home sales increase 2.1% in October The National Association of Realtors (NAR. annual rate of existing home sales in October rose by 1.4% to a seasonally adjusted annual rate of 5.22 million from a total of 5.15 million in September..Bank of America agreed to this record penalty to settle lawsuits and investigations. It then marketed those residential mortgage-backed securities to. DoJ sent just over $6 billion of that to the Treasury Department, which.To the two pessimistic sides in ongoing peace talks, John Kerry quoted Nelson Mandela, who said of challenges: "It always seems impossible until it is done." U.S. Secretary of state john kerry closed.Treasury to pay investors triple for HAMP principal reductions IRS provides guidance on HAMP principal reductions. been the Principal Reduction Alternative (HAMP-PRA).. in which the loan principal balance is reduced. These payments range from 18 percent.
FBI Federal Bureau of Investigation. Financial Institution/Mortgage Fraud News. What We Investigate.. Three Massachusetts Men Charged in Connection with Multi-Year Mortgage Fraud.
The FBI said in an annual report that pending investigations. 5 million foreclosures were initiated, with a similar number expected this year. The FBI said mortgage origination schemes have.
wfg national title insurance company names new head of Dallas-Fort Worth division Portland-based WFG National Title Insurance Company has named Brandon Baker president of its Dallas-Fort Worth division. As such, Baker will manage the day-to-day administrative operations for the DFW market, including working with the WFG team to establish short and long-term goals, plans and strategies.
ABA Certificate in Fraud Prevention Page Content In-depth training on the applicable U.S. laws and regulations governing fraud, and an overview of the types.
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Two Indicted in Sweeping Mortgage Fraud Investigations.. today that this indictment represents the latest charges brought in a wide-ranging series of on-going federal criminal investigations into mortgage fraud in rhode island.. special agent in Charge of the Boston Division of the FBI;.
Is the FHA about to cut mortgage insurance premiums again? Ultimate guide to Upfront and Monthly Mortgage Insurance Premiums (MIP/PMI) rates for FHA purchase loans and (streamline) refinances.. FHA charges both an upfront mortgage insurance premium and monthly mortgage insurance on almost all the loans it insures. On December 23, 2011 the President signed into law Temporary payroll tax cut Continuation Act of 2011 which required FHA to increase the.Fannie Mae ranks top servicers FEDERAL NATIONAL mortgage association fannie mae annual Report (10-K) Item 1. Business. Enter your Email for a Free Trial: The following is an excerpt from a 10-K SEC Filing, filed by FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE on 2/26/2009.. servicers that service loans held in Fannie Mae MBS trusts or in our portfolio will be.