U.S. Treasury Secretary Jack Lew warned Congress in a letter Friday that his department will begin implementing ‘extraordinary...
The U.S. Department of Housing and Urban Development will close its offices nationwide on Friday, May 24th. The news comes as a...
Alejandro Curbelo, a Florida loan officer, recently pleaded guilty to one count of conspiracy to commit wire fraud in a mortgage fraud scheme that ended in more than $6.5 million in losses.
Working for Great Country Mortgage Bankers, Curbelo admitted to conspiring with others to submit false Federal Housing Administration mortgage applications for unqualified borrowers, offering them cash-back incentives to purchase condominium units in two South Florida complexes.
Curbelo will face a sentence of up to 20 years in prison on June 25.
— Paul Dang
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