CLEVELAND – Authorities say two Ohio men have pleaded guilty to mortgage fraud crimes covering $50 million in real estate transactions, $44 million in fraudulent loans and $31 million in profits. Prosecutors say Uri Gofman, Anthony Capuozzo and businesses they operated pleaded guilty Wednesday in Cleveland in what investigators call one of the nation’s largest…
Read More
Dec
26
2 Ohio men plead guilty in huge mortgage fraud
Dec
21
Countrywide to Pay $335M Over Discrimination Case
Bank of America’s (BAC: 5.23, +0.06, +1.16%) Countrywide Financial unit agreed on Wednesday to pay $335 million to settle allegations it discriminated against minority homebuyers by steering them toward dangerous subprime mortgages. According to the Department of Justice, it marks the largest residential fair lending settlement in history. Covering actions between 2004 and 2008, the …
Read More
Dec
16
Georgia Couple Pleads With Bank of America in Music Video
A frustrated Georgia couple whose closing date for a Bank of America loan has been delayed three times decided to plead their case through song in a homemade music video that quickly caught the bank’s attention. The couple, Ken and Meredith Williams, has been waiting 79 days to close a loan for a new house.…
Read More
Dec
16
Fannie Mae, Freddie Mac Top Executives Charged With Fraud
Three years after taxpayers footed the bill to bail out mortgage giants Fannie Mae and Freddie Mac, the top six executives at the government-supported lenders were charged by the Securities and Exchange Commission with fraud for failing to disclose billions of dollars in risky subprime mortgages. “Investors were robbed of the opportunity to make informed…
Read More
Dec
10
HOA Removes Home Owner’s Virgin Mary Statue
ROBINSON TOWNSHIP (KDKA) — The Vasko home is full of religious icons. Some of them have seasonal significance and some don’t, but all of them are inside the home for now. “I had a Blessed Mother statue sitting out here,” Steven Vasko said. He placed the statue just…
Read More
