Two Broward County residents have pleaded guilty to making false statements on a real estate settlement form in connection with a mortgage fraud scheme. Monique Mitchell of Pembroke Pines and Sheldon Martin of Plantation entered the plea Thursday in West Palm Beach federal court. Sentencing is scheduled for July 21. They face up to five years in prison.
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The housing market is signaling there will be an economic recession by the 2020 election, according to Benn Steil, director of international economics at the Council on Foreign Relations.
This week, the average U.S. fixed rate for a 30-year mortgage jumped to 3.69%. That’s still more than a percentage point lower than the 4.85% of the year-earlier week.