Forty-nine year old Michael O Keefe - Citywide Mortgage Company President, pled guilty before US district judge Ivan Lemelle for divulging false statements during his transaction with the American Department of Housing and Urban Development (HUD).
The charge, pled by O’Keefe,…
The U.S. District Judge Loretta Preska sentenced Tahir Ali Khan, the leader of a ring which used fake identification documents, to fourteen years of imprisonment for bilking more than 50 financial institutions of more than $ 24 million. Along with…
Lenders, who represent more than 50 % of the mortgages in Britain, have failed to sign up the flagship mortgages support scheme from the government.
Nationalized banks were the only big groups to join the project after pressure from ministers to…
A Salt lake City-based financial services firm - Select Portfolio Servicing and Wells Fargo Bank were amongst first mortgage lenders to have participated in Obama’s program to assist troubled homeowners save on their loans.
The Obama administration’s $ 75 billion foreclosure…
Twenty- nine year old Henry Obilo from Florida’s Miami was held guilty by the jury in a bank fraud conspiracy. Obilo is likely to face maximum three decades in prison, a fine of approximately $ 17 million and five years…