• Gavel-justice-law-legal

    Former Cantor Fitzgerald mortgage bond trader charged with securities fraud

    InvestmentsLending

    David Demos accused of defrauding firm that managed TARP funds


  • InvestmentsLending

    David Demos accused of defrauding firm that managed TARP funds

    A former mortgage bond trader at Cantor Fitzgerald stands accused of committing securities fraud by allegedly overcharging customers for residential mortgage-backed securities, a collection of federal agencies announced Friday. Among the victims of this alleged scheme are asset managers and firms affiliated with or subsidiaries of recipients of funds from the Troubled Asset Relief Program, the government said.

This month in
HousingWire magazine

Cover Story
December/January 2017

What will the mortgage industry look like with a new sheriff in town?

While other state and federal regulatory bodies overlap in their regulation of the mortgage industry, the very particular consumer focus of the CFPB is not duplicated by any other body. Will deregulation mean a return to the Wild West lending atmosphere that led to the financial crisis? What happens next? We asked John Socknat, partner at Ballard Spahr, to weigh in on what mortgage lenders and servicers can expect from a Trump administration.

Feature

2016 HW Vanguard Award winners

LendingReal EstateServicing

Commentary

State of the private money industry

InvestmentsLending