Shares of Washington Mutual tumbled a little over 17 percent today as a result of a probe initiated by New York Attorney General Andrew Cuomo. Subpoenas were issued today by Cuomo to Fannie Mae and Freddie Mac, two large government-sponsored mortgage investors, to investigate mortgages that they purchased from Washington Mutual. Cuomo alleged [...]
Entries Tagged as 'mortgage fraud'
Were the Banks Complicit in the Mortgage Fraud?
November 7th, 2007 · 3 Comments
Tags: Miami mortgage fraud · mortgage fraud
Miami-Dade County Implements Mortgage Fraud Task Force
November 2nd, 2007 · 12 Comments
Miami-Dade County implemented a Mortgage Fraud Task Force division to combat the high number of mortgage fraud cases in Miami-Dade County. The Mortgage Fraud Task Force website reveals that the division will be comprised of the following five committees:
Law Enforcement Committee - responsible for the detection, investigation, apprehension and prosecution of the mortgage fraud [...]
Tags: Miami mortgage fraud · mortgage fraud
Governmental Intervention in the Housing Market
September 1st, 2007 · 1 Comment
Yesterday, President Bush discussed his plan to aid homeowners at risk of losing their homes. Most of the plan focused on assisting borrowers to refinance their adjustable-rate loans to more conventional loans provided by the Federal Housing Authority.
I took a look at his recommendations and of particular interest to me was his proposal to [...]
Tags: Miami Foreclosures · Miami condos · Miami mortgage fraud · Miami real estate · Preforeclosure · The Club at Brickell Bay · Vue at Brickell · mortgage fraud · mortgage news · short-sale
Miami Condo Index - Brickell - August 2007
August 18th, 2007 · 4 Comments
I just finished compiling the data for this month’s Miami Condo Index for Brickell. Last month I revealed that the 18 buildings below had a total of nine closed sales from June 19, 2007 to July 18, 2007. That number surprised myself and many others who follow the real estate market in Brickell. [...]
Tags: Atlantis · Brickell Condos · Brickell on the River · Bristol Tower · Emerald at Brickell · Four Seasons Residences · Imperial at Brickell · Jade · Miami Condo Index - Brickell · Neo Vertika · One Miami · Santa Maria · Skyline on Brickell · Solaris at Brickell · The Club at Brickell Bay · The Mark on Brickell · The Palace · The Sail on Brickell · Villa Regina · Vue at Brickell · mortgage fraud
Vue at Brickell - Overpriced or Insanely Overpriced?
May 24th, 2007 · 9 Comments
I’d have to go with the latter on this one. A look at the current inventory of condo units for sale at the Vue at Brickell will show that the average price per square foot that these units are currently listed for is over $550. $550 per square foot! That’s for a [...]
Tags: Brickell Condos · Miami mortgage fraud · Vue at Brickell · mortgage fraud · real estate market news
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