Mortgage | refinancing

BALTIMORE (AP) ” A judge has sentenced a broker to more than three years in prison for her role in a mortgage fraud scheme that resulted in nearly $5 million in fraudulent loans .The Maryland U.S. attorney’s office says 60-year-old Mary Anne Dean , of Severna Park, Md., was sentenced Tuesday to 37 months in prison for conspiracy to commit wire fraud in connection with the scheme, which ultimately    .. more …

The Amarillo-area housing market logged its best first quarter for home sales since 2008, a residential broker said.The first quarter this year also was the third consecutive quarter in which results exceeded the prior year’s performance, Coldwell Banker Amarillo broker Randy Jeffers said.”We started seeing the market turn in September,” Jeffers said. “Every month since September, we have seen an    .. more …

The Mortgage Advice Bureau broker helped Henna Rai become the first borrower to take out a NewBuy mortgage with Nationwide.She completed on a two bedroom apartment in Peterborough Cambridgeshire, built by Bovis Homes.Rai said: “I’m in a bit of a daze really. I was really shocked that we managed to get it all done so quickly. I still need to get my stuff moved in but I couldn’t be happier.”I was    .. more …

Finding a new home is not easy. There are various factors which play their part. Firstly, one needs to find out the right property with a long term potential and secondly, one needs to search for mortgage brokers who can help one have the best deal. Given that it is such an important decision (especially when most mortgages run into two to three decades), it becomes imperative that one dexterously    .. more …

A real estate broker, who stole mortgage loan proceeds received during real estate closings, was sentenced Wednesday to serve more than four years in federal prison.Jean Teresa Hoffert, 60, from Emmetsburg, received the prison term after a July 5, 2011, guilty plea to one count of mail fraud.At the guilty plea hearing, Hoffert admitted defrauding others out of money and causing the United States    .. more …

A Rockingham mortgage broker who defrauded clients out of $1.2 million and diverted the money to prop up his scam and for his own personal use has been found guilty.Mark Booty was on trial in the District Court fighting eight fraud charges.A jury today found him guilty.The State alleged that from August 2007 to March 2009 Booty told customers of his supposedly legitimate investment scheme,    .. more …

A Rockingham mortgage broker was yesterday found guilty of defrauding clients out of $1.2 million in a Ponzi-style investment scheme.Mark Booty was convicted by a District Court jury of eight counts    .. more …

The sanctions screening company said brokers who fail to carry out the checks on clients risked prosecution and a seven year jail term.It also claimed that the majority of mortgage broker networks appeared to be lax on financial sanctions checks and did not inform broker members of the legal requirement to screen clients for sanctions.Financial services firms have a legal obligation under the    .. more …

Mortgage shopping requires a keen eye for details and dedication. One must have the patience to ask for quotes from different lenders. Everything must be thoroughly checked: the type of home loan, the mortgage rates, the mortgage term, etc. People need to realize that the money they pay for their rent can be used to pay off a mortgage. There have been many researches done to find out which type of    .. more …

DALLAS , April 16, 2012 /PRNewswire/ –Thanks to fewer bank failures , mortgage-related casualties fell. If the trend continues, this year’s count could land under a hundred for the first time since 2006. From Jan. 1 through March 31, Mortgage Daily tracked 27 mortgage-related business closings. Among the total were 16 FDIC-insured banks — including some that weathered the Great Depression.The    .. more …