FHFA announces 2016 conforming loan limits

FHFA announces 2016 conforming loan limits

Much of U.S. left unchanged; limits increase in 39 ‘high-cost’ counties

Game changer? Quicken Loans takes mortgage lending fully digital

Launches Rocket Mortgage

Google launches mortgage comparison tool with Zillow

LendingTree will also bring mortgages to Google

Items Tagged with 'TARP'


U.S. settles with deceased man’s estate, recovers fraudulently obtained TARP funds

Estate of former owner of One Financial to pay Fed $4 million
The estate of Layton Stuart, the late president and owner of One Financial Corporation, will pay the U.S. government $4 million to settle a lawsuit that accused Stuart of defrauding the federal government out of $17.3 million from the Troubled Asset Relief Program. Before Stuart's death in 2013, he allegedly used federal money to fund an extravagant lifestyle for himself and his family.
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Exec at center of first TARP bank failure gets 8 years in prison

Fraud scheme cost taxpayers more than $300 million
The bank executive at the center of one of the largest bank failures in recent years will spend the next 8 years in prison for his part in a scheme that cost the American taxpayers more than $300 million. Here's the tale of Ebrahim Shabudin and United Commercial Bank.
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SIGTARP snares seven schemers for massive mortgage fraud

Charges include mail fraud, bank fraud, aiding and abetting
Seven California residents now face federal charges for their roles in an alleged mortgage fraud scheme that defrauded lenders of more than $3 million. According to court documents, the defendants conspired to defraud mortgage lending companies and financial institutions by making false statements on loan applications and short-sale applications.
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Kentucky man to spend 12 years in prison for insane fraud scheme

Defrauded IRS of $53M, bribed bank execs; didn't stop there
A Kentucky man will spend the next 12 years in federal prison for leading a spectacularly massive scheme that involved defrauding the Internal Revenue Service of $53 million, bribing senior bank executives, the fraudulent purchase of an insurance company and the defrauding of insurance regulators and an investment bank.
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Loan officer sent to federal prison for bank fraud

Bank was recipient of TARP funds
A former loan officer at a Kansas bank, which received funds from the government as part of the Trouble Asset Relief Program, will spend the next six months in federal prison after pleading guilty to one count of bank fraud.
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