Looks like the Carlsbad based real estate consultant, John J. Borzellino will be downsizing to a new 48 square foot, government funded home: a federal prison cell. Borzellino (aka John J Ross) was sentenced to 5 years in federal pen and ordered to pay more than $4,000,000 in restitution for running a multi-million dollar mortgage […]
Could this be the first in a wave of trouble headed for the two government owned leviathans??
Charles “Ed” Haldeman Jr. Steps Down! Freddie Mac’s Chief Executive Officer, Charles “Ed” Haldeman Jr., will be stepping down from his position by the end of the year. This unforseen, and frankly shocking, turn of events has led to much speculation regarding why he is stepping down. While the specifics aren’t yet known, and Mr. […]
With Gold at record highs, and property falling to unprecedented lows, where should a consumer put his/her confidence?
Reports indicate that the FHFA lacks the staff to adequately monitor mortgage giants Fannie Mae and Freddie Mac.
The Federal Housing Finance Agency sues 17 big banks alleging that the mortgage-backed securities they sold violated securities laws.
What you need to know about upcoming changes to FHA loans
John Drayman, former Glendale Councilman, is still dealing with the FBI investigation of his condominium renovations.
By Nelson D. Schwartz The federal agency that oversees the mortgage giants Fannie Mae and Freddie Mac is set to file suits against more than a dozen big banks
A Glendale man defrauded the city out of $18,492.
