Ex-NASA employees admit to luxury home mortgage fraud scheme
HOUSTON – A Missouri City couple who once worked at NASA admitted Friday to running a years-long mortgage fraud scheme tied to the financing of … Read more
Mortgage
FBI Launches Criminal Probe into New York AG Letitia James for Mortgage Fraud
ALBANY, N.Y. — The FBI has opened a criminal investigation into allegations that New York Attorney General Letitia James falsified mortgage records related to property … Read more
Watch: Reporters visit Virginia homes at center of New York AG James’ mortgage fraud scheme
The Daily Caller News Foundation (DCNF) visited two properties in Norfolk, Virginia, owned by New York Attorney General Letitia James, amid allegations of mortgage fraud … Read more
New York AG Letitia James reportedly facing federal mortgage fraud charges
NEW YORK – New York Attorney General Letitia James, a prominent political figure known for her aggressive and questionable legal pursuits against President Donald Trump, … Read more
Pennsylvania attorney general sues mortgage brokers over kickback scheme
HARRISBURG, Pa. — Pennsylvania Attorney General Michelle Henry has filed a civil lawsuit against Lehigh Valley-based mortgage brokers and their manager, Barry Newhart, accusing them … Read more
New Jersey Bank engaged in discriminatory mortgage redlining practices, report
TRENTON, N.J. — Attorney General Matthew J. Platkin and the Division on Civil Rights (DCR) released a report on Tuesday revealing findings of unlawful mortgage … Read more
Real Estate Investor Admits to $54.7 Million Mortgage Fraud Scheme
TRENTON, NJ – Aron Puretz, a 53-year-old real estate investor from New Jersey, pleaded guilty today to participating in a sophisticated mortgage fraud conspiracy. Over … Read more
Chicago Businessman Pleads Guilty to Federal Fraud Charge in Connection With Reverse Mortgage Scheme Targeting Elderly Homeowners
MARK STEVEN DIAMOND schemed with others to induce homeowners to unwittingly obtain reverse mortgage loans to pay for purported home repairs that Diamond offered to … Read more
New Jersey Mortgage Lending Employees Charged in Fraud Scheme
NEWARK, NJ – Christopher J. Gallo, 44, of Old Tappan, New Jersey, and Mehmet A. Elmas, 32, a U.S. citizen residing in Turkey, have been … Read more
Home Sales Drop In March As Mortgage Rates Surge Over 7%
Existing home sales shrank in March as consumers respond to continuing price increases and rising mortgage rates. Sales for existing homes fell 4.3% in March … Read more
Baltimore County Man to Pay Off Mortgage with $50K Powerball Win
BALTIMORE, MD – A Baltimore County resident has claimed a $50,000 prize from the Powerball drawing on March 27, with plans to use his winnings … Read more
UK house prices beat forecasts as mortgage rates edge down
By David Milliken LONDON (Reuters) -British house prices rose this month more than economists had expected, adding to signs that the squeeze from high interest … Read more
US new home sales rebound in December as mortgage rate retreat
WASHINGTON (Reuters) – Sales of new U.S. single-family homes increased strongly in December, boosted by declining mortgage rates and a persistent shortage of previously owned … Read more
US mortgage rates fall to 8-month low, says Freddie Mac
By Amina Niasse NEW YORK (Reuters) – U.S. mortgage rates fell this week to the lowest since May 2023, Freddie Mac reported on Thursday, providing … Read more
South Jersey Politician Charged in Mortgage Fraud Scheme
TRENTON, N.J. – Nathaniel Anderson, deputy mayor of Willingboro Township, and Chrisone D. Anderson, a business associate, have been charged with orchestrating a fraudulent mortgage … Read more
Mortgage rates tick up for a second week -Freddie Mac
By Amina Niasse NEW YORK (Reuters) – Mortgage rates edged higher for a second week, a survey released on Thursday showed, but they remain near … Read more
Mortgage rates continue to soften – Freddie Mac
By Amina Niasse NEW YORK (Reuters) – Mortgage rates fell to a six-month low this week to the lowest figure since June, indicating relief has … Read more
US 30-year mortgage rate drops to 6.83%, its lowest since June
By Ann Saphir (Reuters) – The interest rate on the most common type of U.S. home mortgage dropped last week to 6.83%, its lowest since … Read more
US mortgage rates fall below 7% for first time since August
(Reuters) – The average interest rate on the most popular U.S. home loan fell this week to below 7% for the first time since August … Read more
US mortgage rates fall to nearly 4-month low – Freddie Mac
(Reuters) – Interest rates on the most common type of U.S. home loan fell for a sixth straight week to the lowest in almost four … Read more
Apartment REITs see silver lining as high mortgage rates force tenants to stay put
By Ananta Agarwal (Reuters) – Real estate investment trusts (REITs) that own and manage apartments are expected to see a bump in their revenue from … Read more
Muddy Waters is short Blackstone Mortgage Trust REIT
By Nell Mackenzie LONDON (Reuters) – Blackstone’s Mortgage Trust shares fell as much as 9% on Wednesday after short-selling hedge fund Muddy Waters said that … Read more
US commercial mortgage distress rises in November on office woes -KBRA
By Matt Tracy (Reuters) – Late payments on U.S. commercial property loans rose in November, driven by growing distress among office properties, according to a … Read more
Bank of America pays $12 million fine for misreporting mortgage data
By Jonathan Stempel (Reuters) -Bank of America agreed to pay a $12 million fine to settle U.S. regulatory charges it routinely submitted inaccurate information about … Read more
Bank of Spain Governor sees no need to extend mortgage support
MADRID (Reuters) – Bank of Spain Governor Pablo Hernandez de Cos on Monday said he did not see the need at the moment for banks … Read more
Sberbank CEO expects ‘serious cooling’ in Russian mortgage market
By Elena Fabrichnaya MOSCOW (Reuters) – Russia’s biggest bank Sberbank expects a sharp cooling of the mortgage market following an expected 80% rise in mortgage … Read more
Bank Loan Brokers Caught in Mortgage Crisis Fraud
BOSTON, MA – Ted Capodilupo, Joseph Masci, and Brian Ferris faced sentencing today for orchestrating a scheme to deceive a local bank and the U.S. … Read more
$10 Million Settlement Reached After Nationstar Mortgage Mishap
PHILADELPHIA, PA – In a joint endeavor, Attorney General Michelle Henry led a coalition of 50 Attorneys General to announce a $10 million settlement with … Read more
Mortgage rates reach highest since November 2000 – MBA
By Amina Niasse NEW YORK (Reuters) – U.S. mortgage interest rates rose to the highest since November 2000 last week, helping to drive home loan … Read more
Australia’s Computershare to sell US mortgage portfolio for $720 million
By Rishav Chatterjee (Reuters) -Australia’s Computershare said on Tuesday it was selling its U.S. mortgage services arm to asset manager Rithm Capital for $720 million, … Read more
UK home-buyer demand inches up as mortgage rates fall: Zoopla
By David Milliken LONDON (Reuters) – More Britons made enquiries with estate agents about potential house purchases over the past four weeks as mortgage rates … Read more
Portugal approves 30% cut in mortgage rates for struggling borrowers
By Sergio Goncalves LISBON (Reuters) -Portugal’s government said on Thursday that banks must discount the benchmark six-month Euribor rate by 30% when calculating mortgage interest … Read more
US looks to offload $13 billion of mortgage bonds seized from SVB, Signature – Bloomberg News
(Reuters) – The U.S. government is looking to offload nearly $13 billion of mortgage bonds it amassed from Silicon Valley Bank and Signature Bank following … Read more
Real Estate Investor Gets 2 Years for Mortgage Fraud
NEWARK, NJ – Anthony Garvin, a 53-year-old real estate investor from Jersey City, was sentenced to 24 months in prison today for his role in … Read more
HSBC to raise mortgage rates in Hong Kong; property stocks fall
By Xie Yu and Selena Li HONG KONG (Reuters) -HSBC Holdings will raise its mortgage rates in Hong Kong by a maximum of 50 basis … Read more
Canada’s mortgage stress test is ‘imperfect’; review ongoing -regulator head
TORONTO (Reuters) – The head of Canada’s banking regulator said on Thursday its mortgage stress test was “imperfect” and “incomplete” as homeowners on a variable … Read more
China’s Beijing, Shanghai ease mortgage rules for first-time home buyers
BEIJING (Reuters) -China’s Beijing and Shanghai on Friday announced that they would allow home buyers to enjoy preferential loans for first-home purchases regardless of their … Read more
Chinese cities ease mortgage rules to revive property sector
BEIJING (Reuters) – Major Chinese cities have said they will allow people to take preferential loans for first-home purchases regardless of their credit records, in … Read more
US judge tosses most of Commerzbank $1 billion mortgage lawsuit against BNY Mellon
By Jonathan Stempel NEW YORK (Reuters) – A U.S. judge on Monday dismissed most of a lawsuit where Germany’s Commerzbank sought to hold Bank of … Read more
Mortgage lender Better’s shares sink in grim Nasdaq debut
By Hannah Lang and Lance Tupper (Reuters) -Shares in Better Home & Finance Holding plummeted more than 93% on Thursday as investors snubbed the online … Read more
U.S. 30-year mortgage shoots up to decades-long high – Freddie Mac
By Safiyah Riddle (Reuters) – Rates on the most popular U.S. home loan hit the highest level since 2001 on Thursday, according to Freddie Mac’s … Read more
Mortgage lender Better set for Nasdaq debut in test for choppy markets
By Hannah Lang (Reuters) – SoftBank-backed Better, the digital mortgage lender which hit the headlines in 2021 after laying off 900 employees on Zoom, is … Read more
Mortgage Rates Reach A 20-Year High Following Interest Rate Hikes
Mortgage Rates Reach A 20-Year High Following Interest Rate Hikes Will Kessler on August 17, 2023 The average 30-year fixed-rate mortgage hit a 20-year high … Read more
US mortgage delinquency rates fall to all-time low
By Safiyah Riddle (Reuters) – U.S. mortgage delinquency rates fell to a record low in the second quarter due to a strong job market and … Read more
U.S. mortgage rates spike to highest since November, approach 22-year high
By Safiyah Riddle (Reuters) – The average U.S. 30-year mortgage rate jumped to a nine-month peak on Wednesday and hit the second-highest rate since 2001, … Read more
NYSE parent ICE beats estimates but shares fall on mortgage unit outlook
By Pritam Biswas and Laura Matthews (Reuters) – Intercontinental Exchange on Thursday reported second-quarter profit above Wall Street estimates as higher trading volumes at the … Read more
UK mortgage approvals and consumer credit jump unexpectedly in June: BoE
By Andy Bruce and David Milliken LONDON (Reuters) -British lenders approved more mortgages than expected in June and net unsecured lending to consumers shot up … Read more
Angelo Gordon-backed REIT in $300 million bid for Western Asset Mortgage
By Anirban Sen NEW YORK (Reuters) -AG Mortgage Investment Trust Inc, a real estate investment trust (REIT) managed by Angelo Gordon & Co, said on … Read more
US 30-yr mortgage rate tops 7% for first time since last fall
(Reuters) – The interest rate on the most popular U.S. home loan leapt back over 7% last week for the first time since last fall … Read more
Canada regulator proposes banks hold more capital to tackle mortgage risks
(Reuters) -Canada’s banking regulator on Tuesday proposed changes to capital adequacy guidelines that would require lenders and mortgage insurers to hold more funds to better … Read more