A federal jury has convicted a 42-year-old Bellevue man accused in a mortgage fraud scheme, the U.S. Attorney’s Office announced Monday. Charged in November, Mark Steven Ashmore stood accused of using two companies he owned — Equity Solutions Northwest and Remarkable Properties LLC — and connections in the mortgage industry to conduct the wide-ranging fraud. Late Monday, a U.S. District Court in Seattle convicted Ashmore of conspiracy and three counts of wire fraud following a five day jury trial, according to the U.S. Attorney’s Office statement. The jury deliberated about four hours before returning its verdict.
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United Wholesale Mortgage announced Tuesday it is rolling out a new loan program that offers borrowers an interest rate as low as 1.99% for both purchase mortgages and refinances.
On Wednesday night the FHFA rolled out a new adverse market refinance fee of 0.5%, which will be assessed for loans sold to Fannie Mae or Freddie Mac after Sept. 1.