A California real estate investor was arrested for defrauding a bank out of nearly $100 million by falsifying title policies to inflate the value of his pledged collateral. According to an affidavit filed with the complaint, Mahender Makhijani controls Cantor Group V...
Ginnie Mae announced that it issued $54.9 billion in total mortgage-backed securities (MBS) during May, resulting in net portfolio growth of $20 billion. Last month’s issuance included $52.9 billion in Ginnie Mae II MBS and $1.9 billion in Ginnie Mae I MBS, including...
Equiton, a Canadian private real estate investment and asset management firm, is expanding into the US with the opening of its new office in Dallas. Located in the Trammell Crow Center in the heart of downtown Dallas, the office will serve as the headquarters for...
MAXEX, a digital exchange for trading residential mortgage loans through a single centralized clearinghouse, has hired John McNeill as chief financial officer (CFO), based in the company’s Atlanta headquarters. In his new job, McNeill will lead the company’s financial...
The drama involving UWM Holdings Corporation’s (NYSE: UWMC) attempt to acquire Two Harbors Investment Corp. (NYSE: TWO) took a new twist as the Two Harbors issued a bold challenge to its persistent suitor. While the board of Two Harbors said it continued to urge...
A Georgia man was sentenced to four years in prison for scamming real estate investors on a phony Costa Rican property deal and defrauding college football fans seeking tickets for University of Georgia (UGA) games. According to the charges brought against him,...
Joint Venture to Convert DC Office Property into Multifamily Community
