Roseville Wealth Advisor Lee Loomis Sentenced to 12 Years in Prison for Investment Fraud Scheme. According to court documents, from 2006 through 2008, Loomis was president of Loomis Wealth Solutions, a business operating in California, Illinois, Washington and elsewhere. Through seminars and face-to-face meetings,
Countrywide’s Mozilo may face lawsuit over subprime mortgages AIG plans to take mortgage insurer United Guaranty public Insurer AIG in mortgage lending push. been exposed to the housing market through its mortgage insurance business, United Guaranty Corporation.. on american international group Inc when a new.Diane Tomb named CEO of ALTA ALTA Names New CEO Tuesday, May 21, 2019 Share | The American Land Title Association has named Diane Tomb as its new Chief Executive officer. Ms. Tomb previously served as the executive director of the national rental home council. She also served as president and CEO of the National Association.LOS ANGELES (AP) – Federal prosecutors won’t file a fraud lawsuit against former Countrywide Financial chief executive Angelo Mozilo over the sale of billions of dollars’ worth of subprime loans.
The Goldman, Scarlato & Penny law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating McKinley Mortgage Co. LLC’s alleged real estate scheme. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees.
"Fraud for Profit" which is sometimes referred to as "industry insider fraud" because it typically requires at least the cooperation, if not the participation, of an appraiser, real estate broker, mortgage broker or other real estate professional. Such cooperation or participation does not always require any action on the part of the.
Former Fishers investment manager Keenan Hauke was sentenced Friday to 10 years in federal prison for securities fraud. Hauke admitted masking huge losses in a hedge fund he operated that resulted in.
A former mortgage company employee who admitted to helping an Illinois state judge carry out a mortgage fraud scheme for two investment properties in Chicago was sentenced Tuesday to seven months.
Real estate investor gets 7 years in $15M mortgage fraud scheme – They then caused the sales prices for the properties-located in Wildwood Crest and North wildwood. good credit scores but lacked the financial resources to qualify for mortgage loans. The.
Flippers got a bad rap over the years because some mortgage brokers and agents were in cahoots with disreputable investors. It is one of the ways that flipping schemes worked: Parties involved Flipping involved four parties: the appraiser, the investor (or real estate agent), a mortgage broker and a straw buyer — all four knew each other.
The latest transactions in long island commercial real estate. Enter your user name and password in the fields above to gain access to the subscriber content on this site. Your subscription includes.
The cure to zombie foreclosures How To buy zombie foreclosures. If you want to learn how to buy zombie foreclosures, there is no better place to start than by talking to a title officer. After all, title issues are the primary reason a home ends up being called a zombie foreclosure in the first place.Negative equity rate drops at a record pace Collateral Analytics adds John Duchouquette as svp collateral analytics adds John Duchouquette as SVP – Real. – Collateral Analytics, which develops analytic products and tools to support financial institutions, investment banks, appraisers, real estate brokers, and real property capital market activities, added John Duchouquette as senior vice president focusing on executive account management and developing new markets.Just two weeks ago we noted that a record 25% of vehicles being traded in for used car purchases had negative equity of $3,635. Now, according to the latest report from Edmunds, the new car market isn’t any better off with 32% of trade-ins having an average negative equity balance of $4,832.
who owned and operated USA Properties, was convicted in a mortgage fraud scheme that involved his. the McKanrys sold 12 real estate properties through Enders, prosecutors said, for a total of $2.7.
Unemployment rate improves across nation FHA’s Montgomery says more flexible condo rules are coming Even more solicitous was Dan Mead. Whatever the problems might have been, Verizon says it’s working to prevent them from happening again. "We are taking a number of steps, working closely with our.With 2016 unemployment rates of 2.7%, New Hampshire and South Dakota replaced North Dakota as the states with the lowest unemployment rates – the Bureau of Labor Statistics reported on Tuesday.