Two men were arrested on charges of money laundering, conspiracy to commit money laundering, and conspiracy to commit theft by deception in a scheme tied to a high-value New Jersey real estate transaction. The investigation into the case began last December when the...
Mortgage credit availability increased slightly in May according to new data from the Mortgage Bankers Association (MBA). The trade group’s Mortgage Credit Availability Index (MCAI) inched up by a scant 0.1% to 108.0 in May; the index was benchmarked to 100 in March...
The Baltimore City Council has voted to advance a property tax relief measure that critics claim will raise taxes for some homeowners. WBFF reports the measure reduces the property tax rate by 1 cent for every $100 of assessed property value. Thus, the plan would...
Canada’s federal government is providing over $112 million in funding for the construction of a new 217-unit multifamily property in Toronto. Located at 389 Cleveland Street, the project is a 15-story residential building with a ground-floor commercial retail unit....
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 mortgage banking industry has been reconfigured with merger and acquisition news involving two pairs of prominent originators. American Pacific Mortgage (APM) and Synergy One Lending announced a merger that the companies said would expand their national presence...
Film Producer Charged with Defrauding Investors to Finance Real Estate Deal…
