A former Illinois contractor avoided prison time when a judge sentenced him to three years of supervised release, 200 hours of community service and a $9,500 fine for his role in a bank fraud scheme involving straw buyers and overvalued properties. The Belleville...
The Department of Justice (DOJ) is dropping its efforts to investigate the Federal Reserve and its chairman, Jerome Powell, over cost overruns on the central bank’s headquarters. Sen. Thom Tillis (R-NC), a member of the Senate Banking Committee, vowed to block...
The national mortgage delinquency rate declined by 37 basis points (bps) in March to 3.35%, although it was 14 bps above last year’s level, according to data from Intercontinental Exchange Inc. (NYSE: ICE). Prepayment speeds (SMM) were up by 24 bps from February to...
Elected officials in Florida’s Hillsborough County have told the Tampa Bay Rays that they cannot meet the team’s demand to approve a financing deal on a proposed new stadium by June 1. According to a WUSF report, the county said questions about funding, risk and the...
Hedge fund executive Ken Griffin is pushing back at New York Mayor Zohran Mamdani’s attempt to single him out as a luxury real estate owner who is not paying his fair share of taxes. Last week, Mamdani used a social media video filmed in front of the Central Park...
An initiative to gather voter signatures for a November referendum on abolishing Ohio’s property taxes is falling short of its goals. WJW reports the Committee to Abolish Property Tax in Ohio needs to secure more than 413,000 signatures from at least half of Ohio’s 88...
