Everyone has likely heard of mortgage loans. If you have ever even considered owning your own home, you’ve surely come across them. Mortgage loans are essentially the monetary means to pay for a house of your own. they are usually given to you by a bank or mortgage lending company. They [...]
An indictment says suspects used straw buyers to gain control of properties used as residential-care homes for the elderly.
Source:Four charged in East Bay $20 million mortgage-loan scheme (Alameda Times-Star)
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July 29 (Bloomberg) — Cyrela Brazil Realty SA Empreendimentos e Participacoes and Gafisa SA advanced the most in the Bovespa index after Brazil’s central bank said growth in mortgage lending accelerated last month.
Source:Cyrela, Gafisa Advance as Mortgage Growth Accelerates (Update1) (Bloomberg.com)
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Four owners of residential care homes were arrested today after being indicted on charges stemming from an alleged far-reaching mortgage loan fraud scheme, the U.S. Attorney’s office announced.
Source:Owners indicted in $20M mortgage fraud case (KGO-TV Bay Area)
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Cyrela, the country’s biggest homebuilder, rose 4.8 percent to 22.53 reais at 2:36 p.m. New York time. Gafisa , the second- largest, added 4.5 percent to a one-month high of 27.17 reais.
Source:Cyrela, Gafisa Advance as Mortgage Growth Accelerates (Update2) (Bloomberg.com)
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