Blog Posts - Mortgage



Three Tips for Finding the Best Mortgage Deal

For the first time since the end of 2015, the 30-year fixed rate mortgage average, provided by Federal Reserve Bank of St. Louis, crossed the 4% mark at the beginning of December 2016. It was well below the 4% mark for most of 2016. The translation i...
by PRO FINANCE BLOG on Dec 10, 2016

If It’s December, Then It’s Time For County Government To Try And Get Fiscally Healthy On The Back Of Real Estate [del.icio.us]

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by The Political Commentator on Dec 2, 2016

Guilty Pleas in Miami Condo Conversion Fraud

Orlando Ortiz, 53, Luis Enrique Tur, 47, Jeffrey Todd Canfield, 49, Rafael Amador, 34, Osvaldo Sanchez, 40, Mirna Pena, 54, and Pedro Reynaldo Allende, 66,all residents of Miami-Dade County, Florida, pled guilty to one count of conspiracy to commit b...
by Mortgage Fraud Blog on Dec 1, 2016

Down Payment Assistance Results in Guilty Plea

Aleksandr Kovalev, 53, Rocklin, California, pleaded guilty to wire fraud involving financial institutions in connection with a mortgage fraud scheme involving the purchase of at least 31 properties. According to court documents, Kovalev was in the b...
by Mortgage Fraud Blog on Dec 1, 2016

Loan Officer Sentenced to 28 Months in Prison

Mark F. Friend, 62, Stockton, California was sentenced by U.S. District Judge Garland E. Burrell Jr. to two years and four months in prison and ordered to pay $1,889,379 in restitution for conspiracy to commit bank fraud in relation to a mortgage f...
by Mortgage Fraud Blog on Dec 1, 2016

Sentence for False Lien Payoff from Mortgage Proceeds

Stevie McDonald, 42, Winter Haven, Florida, was sentenced to 15 months in federal prison for bank fraud related to his role in a mortgage fraud conspiracy. As part of his sentence, the Court ordered him to pay restitution to J.P. Morgan Chase Bank i...
by Mortgage Fraud Blog on Dec 1, 2016

Indictments in Mortgage Elimination Scheme

Bruce Lewis, 65, Jacqueline Graham, 47, Anthony Vigna, 59, Rocco Cermele, 54, and Paula Guadagno, 58, were indicted and charged with conspiracy to commit bank fraud, wire fraud, and mail fraud in connection with a debt-elimination scheme to defraud...
by Mortgage Fraud Blog on Dec 1, 2016

Another Sentence in Mortgage Loan Mod Scheme

Michelle Lefaoseu, also known as “Michelle Bennett,” “Michelle Lee” and “Michelle Page,” 42, Huntington Beach, California, was sentenced to 12 months and one day of imprisonment, followed by one year of supervised release, for participati...
by Mortgage Fraud Blog on Nov 9, 2016

CPA Pleads Guilty in Mortgage Fraud Scheme

Barry Horrow, 68, Glenn Mills, Pennsylvania, pled guilty to 4 counts of bank fraud. As part of his guilty plea, Horrow, a Certified Public Accountant who owned and operated his own accounting company, Horrow and Associates, which operated in both De...
by Mortgage Fraud Blog on Nov 9, 2016

Sentences in Maryland Mortgage Fraud Schemes

Alexander Sivels, II, real estate consultant, 32, Baltimore, Maryland and Christopher A. Kwegan, real estate agent, 59, Randallstown, Maryland, were each sentenced to 27 months in prison, followed by three years of supervised release, for relat...
by Mortgage Fraud Blog on Nov 9, 2016

How Do I Refinance a Mortgage?

Readers: This is article 16 of 25 from my no-nonsense “Mortgage Basics” quick-reference series. There is very little difference between getting a mortgage and refinancing it; in fact, the processes are virtually identical. If you’ve...
by Len Penzo dot Com on Sep 2, 2016

Is The Mortgage Market Facing The Unintended Consequence Of A Fed Inspired Liquidity Crisis? [del.icio.us]

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by The Political Commentator on Aug 25, 2016

Answers to Common Questions About Reverse Mortgages

If you’ve heard of reverse mortgages, the chances are good that’s it’s been in a negative context. First, there are the commercials with celebrity spokespeople that are a popular target for ridicule. Then, there’s the controve...
by Doable Finance on Aug 18, 2016

Hot Kansas City Real Estate Market Continues through 2nd Quarter of 2016

The Jason Brown Group During the 2nd quarter of 2016, the volume of home sales has continued to rise and home sales prices have followed. As it has for around a year now, the supply of homes for sale is failing to meet the buyer demand for homes. Not...

Five Ways To Get The Money You Need for Your Dream Home

Homeownership is a dream shared by many. But, unless you’ve managed to save up a pretty significant amount of cash, chances are that your road to homeownership will be paved with multiple monthly installments. Whether you want to buy an elegant...
by Doable Finance on Aug 3, 2016

Real Estate – The Ultimate Forced Savings Plan

Real estate prices have been sky high, jumping out of reach for many first-time home buyers. If they could build their savings fast enough, high enough, they could get into their first home with no problem. As it turns out, getting into your first ho...
by Debt Free Living Guru on Jul 28, 2016

Avoid the cancellation and foreclosure of properties under Pag-IBIG housing loans

We chanced upon this announcement at the official website of Pag-IBIG, which is basically a reminder that delinquent Pag-IBIG housing loan borrowers still have a chance to avoid cancellation (under CTS) and foreclosure (with mortgage loan) of their h...

Finishing Finances: Have You Covered all the Costs of Building Your Own Home?

Building your own home can be one of the most fulfilling projects you ever take on. However, if you underestimate your costs, it can quickly become a nightmare. Here are some of the less obvious expenses that general contractors know about, but your...
by Doable Finance on Jul 26, 2016

Former state office candidate admits mortgage scam, faces 3 years in prison | NJ.com

Former state Senate and Assembly candidate Bruce Alston faces up to three years in prison and $133,500 in restitution after pleading guilty today to theft by deception stemming from a 27-count indictment alleging a sophisticated mortgage fraud scheme...
by Mortgage Fraud Blog on Jul 26, 2016

Ex-appraiser sentenced to 6 years for mortgage fraud | TribLIVE

A Shaler man whose original eight-year sentence was overturned by a federal appeals court was sentenced Monday to six years in prison for his role in a multimillion dollar mortgage fraud scheme. A Pittsburgh federal jury convicted Jason Moreno, 33, o...
by Mortgage Fraud Blog on Jul 22, 2016


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