Massachusetts mortgage company founder jailed for defrauding Ginnie Mae out of $2.5 million

Foreclosure fraud whistleblower wins $18 million settlement The founder and president of a defunct Massachusetts mortgage company pleaded guilty this week to defrauding Ginnie Mae out of approximately $2.5 million.. According to the U.S. Attorney’s Office for the District of Massachusetts, Robert Pena pleaded guilty on Wednesday to one count of conspiracy and six counts of wire fraud.

Flagstar Bancorp announces mass layoff PR Spin Falls Short Bank of America spokesman put a PR spin on its public announcement about the mass layoffs, saying that the reason. had resulted in the bank becoming better off. The layoffs were.Friday’s job report doesn’t look promising FHA Mortgage Workout Lacks Incentives and Creates Problems: Industry Sources Development (HUD), was created by the National Housing Act of 1934.. the borrower defaults on the mortgage, FHA is to repay the lender the. industry.4 Prior to the creation of FHA, few mortgages exceeded. lack the funds to make a large down payment or otherwise have.. Issues for Congress.6 ways to keep your home safe HUD fines firstbank mortgage partners for maternity-related discrimination Minneapolis housing continues to thrive The median sales price was $208,757, a 17.2% increase from July 2012. The price growth is largely due to a shift in sales type. Foreclosures and short sales made up 45.4% of all sales activity as.2017 HW Vanguard: Kyle Kamrooz  · HW Pick: “The Artists’ And Writers’ Cookbook” By Natalie Eve Garrett Posted on 10/26/2016 by Harlem World Magazine – Leave a reply The Artists’ and Writers’ Cookbook is a collection of personal, food-related stories with recipes from 76 contemporary artists and writers.Is fracking about to bust housing in North Dakota? That part of the equation is just common sense and is indirectly linked to the ongoing scientific health debate over fracking. In the real world, housing prices rise and. will be a devastated.Fair Lending and maternity leave discrimination. A mortgage veteran with over 35 years in the industry informed me that she was once required to confirm whether women were on birth control as a prerequisite to applying for a mortgage – she called it the "pill disclosure"..ARMs outperform fixed-rate mortgage investments Here’s where housing finance investment is heading HOUSING FINANCE SYSTEM IN INDIA: AN OVERVIEW Housing being one of the three basic needs of life always remains in the top priorities of any person, society and economy. As a human being, an individual needs his own space and privacy, which can be provided by the ownership of a house. The home is the basic unit of the society. HomeCaliber Home Loans acquires Cobalt Mortgage Norris brings 20 years’ experience to his new role, having previously served in a business development capacity at Caliber Home Loans. In speaking to his ability to build upon his talents and previous.Also note that both fixed-rate mortgages and ARMs require active participation. Just because your loan has a fixed rate doesn’t mean you don’t have to keep an eye on rates. If rates move lower, you may lose out if you don’t refinance your fixed-rate mortgage. So it’s not as set-it-and-forget-it as it appears.6 ways to keep your home safe and save energy while on vacation. 6 ways to keep your home safe and save energy while on vacation. If you have a summer vacation planned, check out these simple tips that will help you save money and energy while you hit the road..Trulia reveals best home-searching season LONDON, April 30, 2014 /PRNewswire via COMTEX/ — LONDON, April 30, 2014 /PRNewswire/ — Earningsource.com provides investors with earnings schedule updates throughout the earnings season. Co. Inc.. · Although it’s too early to draw long-term conclusions, several restaurants along the streetcar line report seeing mild to significant increases in traffic and customers.

The loan is being offered as part of the company’s flagship product, which is called the Doctor Loan. The loan is available to medical doctors, dentists and veterinarians. The Doctor Loan also.

Massachusetts mortgage company founder jailed for defrauding Ginnie Mae out of $2.5 million Posted by: Linked To Author in News 10 days ago 0 3 Views The founder and president of a defunct Massachusetts mortgage company will spend nearly three years in prison after admitting to defrauding Ginnie Mae out of approximately $ 2.5 million.

Massachusetts mortgage company founder jailed for defrauding Ginnie Mae out of $2.5 million April 24, 2019 / in Uncategorized / by Lindsay The founder and president of a defunct Massachusetts mortgage company will spend nearly three years in prison after admitting to defrauding Ginnie Mae out of approximately $2.5 million.

Starting A Mortgage Lending Company Massachusetts mortgage company founder jailed for defrauding Ginnie Mae out of $2.5 million – The founder and president of a defunct massachusetts mortgage company will spend nearly three.

BOSTON – The president and founder of a Falmouth mortgage company was sentenced yesterday in federal court in Boston in connection with defrauding the Government National Mortgage Association (Ginnie Mae) out of approximately $2.5 million.

OpenClose names Ken Ellis director of business development RMBS issuance soars past estimations Registers of Deeds ask Iowa AG to postpone servicer settlement Freddie Mac economist sees sunny economy in second half Reports that exceeded expectations kept rates low: economist. CHICAGO (MarketWatch) — Economic reports that were better than expected kept mortgage rates low this week, Freddie Mac’s chief economist said on Thursday. The 30-year fixed-rate mortgage averaged 5.22% for the week ending Aug. 6, down from 5.25% last week and 6.52% a year ago,Is fracking about to bust housing in North Dakota? This article shows mathematically that the north dakota crude-oil boom will become a bust within a decade. A "bust" in nonrenewable resource extraction from the Earth is defined to begin at the time when extraction of the resource peaks and then falls to negligible amounts over a time period. crude-oil extraction data for North DakotaQuestions and Answers on Medicaid Estate Recovery for Long-Term Care Under OBRA ’93 by Faith Mullen at aarp public policy institute introduction After almost two months in the hospital during the summer of 1996, Mr. Clark entered a nursing home.Just this past winter, Cleco and AEP subsidiary SWEPCO announced that Louisiana’s Dolet Hills coal facility will switch to operating only four months of the year. The utilities’ own estimations.OpenClose has announced that industry veteran Ken Ellis has been hired as director of business development. Ellis will be responsible for selling the company’s multi-channel LenderAssist LOS platform.

The president and founder of a Falmouth mortgage company was sentenced in federal court in Boston in connection with defrauding Ginnie Mae out of $2.5 million. Read on for more details.

After four months of leaving the benchmark interest rate for standard mortgage modifications at an 18-month high, Fannie Mae and Freddie Mac recently announced that they are cutting the benchmark rate.

Massachusetts mortgage company founder jailed for defrauding Ginnie Mae out of $2.5 million Former Bankrate CFO admits to defrauding shareholders out of $25 million New York foreclosure firm.

In July of this year, Fannie Mae reported that many lenders are still applying credit overlays on loans despite efforts from both the FHFA and Federal Housing Administration to reduce the practice of.

LoanLogics names new CEO LoanLogics, a recognized technology leader in loan quality management and performance analytics, recently introduced HMDA Audit, a new module for the company’s LoanHD Loan Quality Management platform designed to help lenders comply with current and new reporting requirements under the Home Mortgage Disclosure Act (HMDA), set to take effect in January 2018.