Loan mortgage – PC Only Yazilim http://pconlyyazilim.com/ Sat, 06 Aug 2022 19:55:14 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://pconlyyazilim.com/wp-content/uploads/2021/11/profile-120x120.png Loan mortgage – PC Only Yazilim http://pconlyyazilim.com/ 32 32 FEDERAL HOME LOAN MORTGAGE CORP: Amendments to Articles or Rules; Change of fiscal year, financial statements and supporting documents (Form 8-K) https://pconlyyazilim.com/federal-home-loan-mortgage-corp-amendments-to-articles-or-rules-change-of-fiscal-year-financial-statements-and-supporting-documents-form-8-k/ Tue, 02 Aug 2022 21:30:09 +0000 https://pconlyyazilim.com/federal-home-loan-mortgage-corp-amendments-to-articles-or-rules-change-of-fiscal-year-financial-statements-and-supporting-documents-form-8-k/ Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change of fiscal year. Efficient July 28, 2022the statutes of Freddie Mac (formerly known as Federal Mortgage Corporation on Home Loans) have been modified. The changes to the bylaws are summarized below: • Section 3.3 has been revised to no longer require a notice of meeting […]]]>

Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change of fiscal year.

Efficient July 28, 2022the statutes of Freddie Mac (formerly known as
Federal Mortgage Corporation on Home Loans) have been modified. The changes to the bylaws are summarized below:

• Section 3.3 has been revised to no longer require a notice of meeting for a shareholder for whom (a) notice of two consecutive annual meetings and all notices of meetings in between, or (b) all notices within 12 months, were returned undeliverable or could not be delivered.

•Section 3.6 has been revised to allow for an entirely virtual annual meeting.


•Section 6.1 was revised to increase the number of days prior written notice is
required by a shareholder who wishes to inspect corporate records from five to
10.

•Sections 8.1 have been revised to prohibit indemnification for violations of securities laws.

In addition, various ministerial changes have been made in the regulations to update certain titles of directors and officers.


The preceding summary description of the amendments is qualified in its entirety
by reference to the full text of the amendments, as included in the amended and
restated Bylaws. A copy of the company's amended and restated Bylaws, which has
been marked to show all amendments as compared with the prior version of the
company's Bylaws, is included as Exhibit 3.1 to this Current Report on Form 8-K,
and is incorporated into this Item 5.03 by reference.


Item 9.01. Financial statements and supporting documents.


(d) Exhibits.
The exhibits listed in the Exhibit Index below are being submitted with this
report.

Exhibit Number                Description of Exhibit

         3.1                    Bylaws of the Federal Home Loan Mortgage

Company, as amended and updated

                              July 28, 2022, marked to show all amendments 

compared to the previous version of

                              Freddie Mac's Bylaws
         104                  Cover Page Interactive Data File (embedded 

in the Inline XBRL document)

_________________________________________________________________________________________________________

Form Freddie Mac 8-K

————————————————– ——————————

© Edgar Online, source Previews

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FEDERAL HOME LOAN MORTGAGE CORP: Regulation FD Disclosure, Financial Statements and Exhibits (Form 8-K) https://pconlyyazilim.com/federal-home-loan-mortgage-corp-regulation-fd-disclosure-financial-statements-and-exhibits-form-8-k-2/ Mon, 01 Aug 2022 07:00:00 +0000 https://pconlyyazilim.com/federal-home-loan-mortgage-corp-regulation-fd-disclosure-financial-statements-and-exhibits-form-8-k-2/ Item 7.01. FD Regulation Disclosure. On August 2, 2022, Freddie Mac announced that it has commenced a fixed-price cash tender offer (the "Offer") for the purchase of certain STACR® (Structured Agency Credit Risk) Debt Notes. The Offer is being conducted upon the terms and subject to the conditions set forth in an offer to purchase […]]]>

Item 7.01. FD Regulation Disclosure.


On August 2, 2022, Freddie Mac announced that it has commenced a fixed-price
cash tender offer (the "Offer") for the purchase of certain STACR® (Structured
Agency Credit Risk) Debt Notes. The Offer is being conducted upon the terms and
subject to the conditions set forth in an offer to purchase and related notice
of guaranteed delivery, each dated as of August 2, 2022. The Offer will expire
at 5 p.m. New York City time on Monday, August 8, 2022 unless extended or
earlier terminated.

A copy of the press release announcing the Offer is being furnished with this
report and is incorporated herein by reference. The information in this report,
including information contained in the exhibit submitted herewith, shall not be
deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act
of 1934, or otherwise subject to the liabilities of Section 18, nor shall it be
deemed to be incorporated by reference into any disclosure document relating to
Freddie Mac, except to the extent, if any, expressly set forth by specific
reference in that document.


Item 9.01. Financial statements and supporting documents.


(d) Exhibits.
The exhibits listed in the Exhibit Index below are being submitted with this
report.

Exhibit Number                Description of Exhibit

         99.1                   Press Release, dated August 2, 2022, issued by Freddie Mac
         104                  Cover Page Interactive Data File (embedded

in the Inline XBRL document)

_________________________________________________________________________________________________________

Form Freddie Mac 8-K

————————————————– ——————————

© Edgar Online, source Previews

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Federal Home Mortgage (OTCMKTS:FMCC) shares drop below the 200-day moving average of $0.72 https://pconlyyazilim.com/federal-home-mortgage-otcmktsfmcc-shares-drop-below-the-200-day-moving-average-of-0-72/ Sat, 30 Jul 2022 08:00:56 +0000 https://pconlyyazilim.com/federal-home-mortgage-otcmktsfmcc-shares-drop-below-the-200-day-moving-average-of-0-72/ Federal Home Loan Mortgage Co. (OTCMKTS:FMCC – Get Rating) stock price broke below its 200-day moving average during Friday’s session. The stock has a 200-day moving average of $0.72 and is trading as low as $0.55. Federal Home Loan Mortgage shares last traded at $0.55, with volume at 1,357,742 shares. Performance of Federal Mortgage Stocks […]]]>

Federal Home Loan Mortgage Co. (OTCMKTS:FMCC – Get Rating) stock price broke below its 200-day moving average during Friday’s session. The stock has a 200-day moving average of $0.72 and is trading as low as $0.55. Federal Home Loan Mortgage shares last traded at $0.55, with volume at 1,357,742 shares.

Performance of Federal Mortgage Stocks on Home Loans

The company has a market capitalization of $359.29 million, a PE ratio of 7.90 and a beta of 2.17. The stock has a 50-day moving average price of $0.58 and a 200-day moving average price of $0.72.

Federal Home Loan Mortgage (OTCMKTS: FMCC – Get Rating) released its quarterly results for the last time on Thursday, April 28. The company reported earnings per share of $0.04 for the quarter. The company had revenue of $5.85 billion in the quarter. Federal Home Loan Mortgage had a negative return on equity of 21.94% and a net margin of 17.69%.

Federal Home Mortgage Corporation Profile

(Get an assessment)

Federal Home Loan Mortgage Corporation operates in the secondary mortgage market in the United States. The Company purchases single-family and multi-family residential mortgages issued by lenders, and invests in mortgages and mortgage-related securities. It operates through two segments, single-family and multi-family.

Further reading



Get news and reviews for Federal Home Loan Mortgage Daily – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for Federal Home Loan Mortgage and related companies with MarketBeat.com’s FREE daily newsletter.

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Why should you read financial news to find a cheap mortgage? https://pconlyyazilim.com/why-should-you-read-financial-news-to-find-a-cheap-mortgage/ Fri, 29 Jul 2022 06:36:30 +0000 https://pconlyyazilim.com/why-should-you-read-financial-news-to-find-a-cheap-mortgage/ Posted on July 29, 2022 If you’re about to buy a house or a car, you might think your options are limited. In truth, there is lots of lenders out there who can grant you a loan at an affordable rate. With the right amount of research, finding the best loan isn’t too difficult. If […]]]>

Posted on July 29, 2022

If you’re about to buy a house or a car, you might think your options are limited. In truth, there is lots of lenders out there who can grant you a loan at an affordable rate. With the right amount of research, finding the best loan isn’t too difficult.

If you used a Usda Loan Mortgage Calculator | Fairly funded mortgage and decided to go with a budget to lend a mortgage then you should watch some financial news because it is full of educational and informative articles related to financial markets and institutions.

Let’s see why reading financial news is beneficial when it comes to getting the best possible loan.

You can Read more about the different types of loans

The first thing to do if you are trying to find a cheap loan is to research different types of loans. If you are interested in a mortgage loan, for example, you can read more about the different types of mortgage loans. It’s also a good idea to learn more about other types of loanstoo.

For example, if you are interested in a car or personal loan, you can find out about the different types of personal loans. This can help you identify the type of loan that would work best for you and your financial situation.

You will be aware of the current interest rates

Another important aspect of finding a cheap loan is to keep an eye on current interest rates. If rates go up, you may find it harder to get a loan, as some lenders may charge you more.

You can use financial news to keep an eye on interest rates and see if they are rising or falling. If rates go up, you might want to apply for a loan before it gets more difficult.

You will know who are the best lenders

Financial news can also help you identify lenders with the best loans. Some lenders are better than others, and you can use financial news to know which lenders are the best. You can also use financial news to find out which lenders offer the best interest rates.

If you know which lenders offer cheap loans, you can shop around and compare rates before deciding which lender to go with. It may help you save money on interest and make your loan more affordable.

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As mortgage lending declines, banks look for new ways to attract https://pconlyyazilim.com/as-mortgage-lending-declines-banks-look-for-new-ways-to-attract/ Wed, 27 Jul 2022 23:46:07 +0000 https://pconlyyazilim.com/as-mortgage-lending-declines-banks-look-for-new-ways-to-attract/ The weather in Auckland is cold and gray, but the solar panels are still flying off the shelf. Banks are now competing for customers to take out low-interest or interest-free loans to make their homes warmer, prompting many Kiwis to make the decision to go solar. It comes as Reserve Bank data shows there was […]]]>

The weather in Auckland is cold and gray, but the solar panels are still flying off the shelf.

Banks are now competing for customers to take out low-interest or interest-free loans to make their homes warmer, prompting many Kiwis to make the decision to go solar.

It comes as Reserve Bank data shows there was about $6 billion in new residential mortgages in June, up from $8 billion in the same period last year.

The drop affects both first-time home buyers and other homeowners, which is good news for the Reserve Bank’s goal of curbing inflation, but forces banks to look for new ways to attract customers.

Auckland owner Peter Clarkson sees home heating improvement loans as a great opportunity to switch to solar power and reduce the amount spent on electricity.

“[It’s] a very good investment, to encourage people to get solar power, electricity keeps going up and that makes it more affordable for the normal person,” he said.

Westpac is now extending its “Warm-Up” loan by offering 0% interest.

Westpac chief executive Cathrine McGrath said the extension would save New Zealanders money and improve their homes.

“It’s $40,000, so you can do great things to make your home drier and warmer and it also helps the environment.

“It really makes sense to lend for home improvement, it lowers the cost of builds, it helps make homes warmer, and in the process, it makes Aotearoa better because we rely less on the traditional forms of heating and energy,” McGrath said.

ANZ and KiwiBank also offer sustainable loans.

Andrew Eagles of the Green Building Council wants to see more Kiwis use these loans to make their homes warmer.

“30-40% of Kiwi homes are damp and moldy, the more options the better, we would like to see more Kiwis insulate those homes, making them warm for their whānau,” he said .

“For every dollar invested in home insulation, the New Zealand healthcare system gains $5.”

As many choose to make their homes warmer in an environmentally friendly way, the demand for solar panels has skyrocketed as the need for traditional energy sources declines.

Guy Coleman of Harrisons says the number of people working from home is driving these requests.

“People working from home and using electricity from home, not electricity from the company, so they have the electric bill and went ‘we have to do something about this’ and so that prompted many people to contact us,” Coleman said.

Homes and buildings account for 20% of New Zealand’s greenhouse gas emissions.

There are now calls for these offers to go further.

“What we see in much of Europe are these offers complemented by a government subsidy because that makes them much more accessible for Kiwi whānau,” Eagles said.

Coleman said he “would love to see some government action as well.”

While retail banks are throwing money at customers, the Reserve Bank is trying to reduce the amount of cash floating in the economy to reduce demand and inflation.

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Bank of Hawaii Q2 earnings beat expectations, but mortgage bank revenue tumbles https://pconlyyazilim.com/bank-of-hawaii-q2-earnings-beat-expectations-but-mortgage-bank-revenue-tumbles/ Tue, 26 Jul 2022 02:58:52 +0000 https://pconlyyazilim.com/bank-of-hawaii-q2-earnings-beat-expectations-but-mortgage-bank-revenue-tumbles/ Bank of Hawaii Corp. beat analysts’ expectations for second-quarter earnings and made record filings, but net profit still fell 15.8% as the company said today it released 13.6 million less to its loan loss reserve than in the prior year quarter. . The state’s second-largest bank, like every other financial institution, had set aside money […]]]>

Bank of Hawaii Corp. beat analysts’ expectations for second-quarter earnings and made record filings, but net profit still fell 15.8% as the company said today it released 13.6 million less to its loan loss reserve than in the prior year quarter. .

The state’s second-largest bank, like every other financial institution, had set aside money for possible loan losses during the COVID-19-induced downturn before it began returning that money to its income statement. As interest rates climb and put pressure on new owners, Bankoh only released $2.5 million from its reserve last quarter, compared to $16.1 million in the second quarter of 2021. L The spread saved the bank $56.9 million, or $1.38 per share, in the April-June period from $67.5 million, or $1.68 per share, during of the quarter of the previous year. Still, the bank’s earnings easily beat the consensus estimate of $1.34 a share from analysts polled by Thomson Reuters.

“Bank of Hawaii performed well during the second quarter of 2022,” Chairman and Chief Executive Officer Peter Ho said in a statement. “Net interest margin increased, driven by strong core loan growth and higher interest rates. At the same time, asset quality continued its healthy and stable trend, and capital and liquidity remained strong, positioning us well for the future.

Bankoh’s stock rose $1.40, or 1.8%, to $78.35 after the earnings release.

Deposits hit a record high of $21 billion, up 4.2% from the prior year period, while loans rose 7.6% to $13 billion during the of the same period. Net interest margin, which measures the difference between what the bank pays out in deposits and what it generates in loans, improved 10 basis points to 2.47% last quarter. The bank’s revenue also rose 4.2% to $175.1 million, a top analyst consensus estimate of $173.5 million.

“Our robust and consistent loan and deposit growth provides the foundation for sustainable growth in our NII (net interest income) and margin, which are further bolstered by rising interest rates,” said Bankoh Chief Financial Officer Dean Shigemura said on the company’s earnings conference call. . “Our loan to deposit ratio remains low compared to our regional and local peers. This gives us the ability to continue to grow our assets as well as greater pricing flexibility. As we continue to grow, we have maintained our balance sheet position sensitive to interest rate fluctuations and continue to benefit from higher rates.

High interest rates have, however, put pressure on the bank’s mortgage banking income, which includes refinancings and fees collected on sales of mortgages. Mortgage bank revenue fell 59.2% to $1.3 million from $3.1 million in the previous quarter.

“Rising rates obviously had an impact on our mortgage business, on home equity and on the residential market, but a lot of the growth you saw in the second quarter was kind of in arrears or of pipeline that was built before some of this rate increase,” Ho said on the earnings call. “So we think we’re likely to see a drop in application volumes, certainly in the mortgage business residential, probably in home equity as well.Although I would say that as people are hesitant to refinance first mortgages on a refinance basis, this tends to push companies towards their home equity and incentivize people with existing lines of credit to finance their existing lines.

The bank also announced that it was maintaining its dividend at 70 cents per share. It will be payable on September 15 to shareholders of record at the close of business on August 31.


BASS RESULTS ARROW

Second quarter net

$56.9 million

Net of the previous year

$67.5 million

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Federal Home Mortgage (OTCMKTS:FMCC) shares drop below the 200-day moving average of $0.73 https://pconlyyazilim.com/federal-home-mortgage-otcmktsfmcc-shares-drop-below-the-200-day-moving-average-of-0-73/ Fri, 22 Jul 2022 07:17:44 +0000 https://pconlyyazilim.com/federal-home-mortgage-otcmktsfmcc-shares-drop-below-the-200-day-moving-average-of-0-73/ Federal Home Loan Mortgage Co. (OTCMKTS:FMCC – Get Rating) fell below its two hundred-day moving average during Thursday’s trading. The stock has a two hundred day moving average of $0.73 and is trading as low as $0.62. Federal Home Loan Mortgage shares last traded at $0.63, with volume of 855,248 shares changing hands. Performance of […]]]>

Federal Home Loan Mortgage Co. (OTCMKTS:FMCC – Get Rating) fell below its two hundred-day moving average during Thursday’s trading. The stock has a two hundred day moving average of $0.73 and is trading as low as $0.62. Federal Home Loan Mortgage shares last traded at $0.63, with volume of 855,248 shares changing hands.

Performance of Federal Mortgage Stocks on Home Loans

The stock’s 50-day moving average is $0.59 and its 200-day moving average is $0.73. The stock has a market capitalization of $408.04 million, a PE ratio of 8.97 and a beta of 2.17.

Federal Home Loan Mortgage (OTCMKTS:FMCC – Get Rating) last released quarterly earnings data on Thursday, April 28. The company reported earnings per share (EPS) of $0.04 for the quarter. Federal Home Loan Mortgage had a net margin of 17.69% and a negative return on equity of 21.94%. The company posted revenue of $5.85 billion for the quarter.

Federal Home Mortgage Corporation Profile

(Get a rating)

Federal Home Loan Mortgage Corporation operates in the secondary mortgage market in the United States. The Company purchases single-family and multi-family residential mortgages issued by lenders, and invests in mortgages and mortgage-related securities. It operates through two segments, single-family and multi-family.

See also



Get news and reviews for Federal Home Loan Mortgage Daily – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for Federal Home Loan Mortgage and related companies with MarketBeat.com’s FREE daily newsletter.

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Maxwell’s Español Mortgage Solution Is Bilingual, ‘Builds Confidence’ https://pconlyyazilim.com/maxwells-espanol-mortgage-solution-is-bilingual-builds-confidence/ Thu, 21 Jul 2022 19:51:42 +0000 https://pconlyyazilim.com/maxwells-espanol-mortgage-solution-is-bilingual-builds-confidence/ Borrowers with limited English proficiency would be more likely to pass the complex application process, allowing lenders to close loans faster and increasing loan officer output. In a changing real estate market, Inman’s advice and expertise are never more valuable. From our events to our daily news coverage and hands-on journalism, we’re here to help […]]]>

Borrowers with limited English proficiency would be more likely to pass the complex application process, allowing lenders to close loans faster and increasing loan officer output.

In a changing real estate market, Inman’s advice and expertise are never more valuable. From our events to our daily news coverage and hands-on journalism, we’re here to help you grow your business, adopt the right tools, and earn money. Join us in person in Las Vegas at Connect and use your Select subscription for all the information you need to make the right decisions. When the waters get choppy, trust Inman to help you navigate.

Small and medium-sized mortgage lenders now have access to a tool designed to provide better services to Latino buyers with limited English proficiency, with the launch of a Spanish point-of-sale platform by the provider of Maxwell Mortgage Technology.

Other point-of-sale platforms offer more limited help for Spanish-speaking borrowers — either a translated landing page or subtitles in loan applications, according to Maxwell. In many cases, borrowers need bilingual loan officers to guide them through applications.

Rutul Dave

“When we looked at the landscape of current point-of-sale systems, they’ve done very little to support the growing Hispanic-American population,” Maxwell co-founder and CTO Rutul Davé told Inman. “The approach has generally been to offer a member of staff who can help guide and translate through the process.”

Maxwell’s Español Mortgage Solution allows borrowers to complete mortgage applications in Spanish or English, providing the ability to switch between languages ​​at any time.

Loan officers can work in English, and Maxwell’s point-of-sale platform integrates with lenders’ back-end loan origination systems, ensuring compliance with uniform residential loan application requirements.

Davé said Maxwell’s Español Mortgage Solution benefits from the input of the company’s Spanish-speaking mortgage processors and underwriters, who helped ensure that translations provided the necessary cultural context and retained industry-specific context and nuance.

The end result is that borrowers are more likely to navigate through the complex application process using behind-the-scenes technology, allowing lenders to automate the process of retrieving supporting documents such as verification of income and assets, he said.

“My first interaction with the loan officer, or in the process, is this loan application, and that plays a big part in building that trust and comfort,” Davé said.

Maxwell says lenders using its POS are achieving application submission rates of over 90% and its mortgage platform is enabling lenders to close loans 13 days faster and increase their loan officer production by more. by 15%.

Although inventory shortages and rising home prices have reduced their buying power, Hispanic and Latino home buyers make up a significant share of the market, according to the National Association of Hispanic Real Estate Professionals (NAHREP). .

Source: US Census data and National Association of Realtors / National Association of Hispanic Real Estate Professionals 2021 State of Hispanic Homeownership Report.

While the Hispanic homeownership rate is approaching 50%, Latinos made up 68% of new homeowners in 2015, NAHREP estimates. Inventory shortages and rising house prices have since reduced the Latin American share of new homeowners to just 18.1% in 2021.

But Latin America’s share of new home ownership is expected to rebound as demographics “age” in their early years of home buying. Nearly two-thirds (64.3%) of Latinos are 40 or younger, according to NAHREP’s 2021 State of Hispanic Homeownership Report.

Founded in 2015, Denver-based Maxwell Financial Labs Inc. and its subsidiary, Maxwell Lender Solutions Inc., operate as “Maxwell,” providing services to more than 300 mortgage lenders, banks, and credit unions .

Maxwell announced a $52.5 million raise in October that it said would allow it to hire new talent in its product, engineering, sales and marketing departments.

In December, Maxwell launched a new product, Maxwell Processor Edge, designed to help small and midsize mortgage lenders use machine learning to speed up the document review process and detect errors before loans are underwritten.

Other offerings include Maxwell Diligence, which allows lenders to outsource their quality control and due diligence, and Maxwell Capital, a service designed to help lenders sell their loans in the secondary market.

Get Inman’s Extra Credit newsletter delivered straight to your inbox. A weekly summary of all the biggest news in the world of mortgages and closings delivered every Wednesday. Click here to subscribe.

Email Matt Carter

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Federal Home Loan Mortgage (OTCMKTS:FMCC) Stock Price Breaks Below 200-Day Moving Average of $0.74 https://pconlyyazilim.com/federal-home-loan-mortgage-otcmktsfmcc-stock-price-breaks-below-200-day-moving-average-of-0-74/ Thu, 14 Jul 2022 13:18:57 +0000 https://pconlyyazilim.com/federal-home-loan-mortgage-otcmktsfmcc-stock-price-breaks-below-200-day-moving-average-of-0-74/ Shares of Federal Home Loan Mortgage Co. (OTCMKTS:FMCC – Get Rating) fell below its two-hundred-day moving average during Wednesday’s trading. The stock has a two hundred day moving average of $0.74 and is trading as low as $0.44. Federal Home Loan Mortgage shares last traded at $0.47, with volume at 1,697,282 shares. The stock’s fifty-day […]]]>

Shares of Federal Home Loan Mortgage Co. (OTCMKTS:FMCC – Get Rating) fell below its two-hundred-day moving average during Wednesday’s trading. The stock has a two hundred day moving average of $0.74 and is trading as low as $0.44. Federal Home Loan Mortgage shares last traded at $0.47, with volume at 1,697,282 shares.

The stock’s fifty-day simple moving average is $0.60 and its 200-day simple moving average is $0.74. The stock has a market capitalization of $302.60 million, a PE ratio of 6.65 and a beta of 2.17.

Federal Home Loan Mortgage (OTCMKTS: FMCC – Get Rating) last reported quarterly earnings data on Thursday, April 28. The company reported earnings per share (EPS) of $0.04 for the quarter. Federal Home Loan Mortgage had a negative return on equity of 21.94% and a net margin of 17.69%. The company posted revenue of $5.85 billion for the quarter.

About the Federal Mortgage (OTCMKTS: FMCC)

Federal Home Loan Mortgage Corporation operates in the secondary mortgage market in the United States. The Company purchases single-family and multi-family residential mortgages issued by lenders, and invests in mortgages and mortgage-related securities. It operates through two segments, single-family and multi-family.

Further reading



Get news and reviews for Federal Home Loan Mortgage Daily – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for Federal Home Loan Mortgage and related companies with MarketBeat.com’s FREE daily newsletter.

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New York man pleads guilty in mortgage fraud scheme https://pconlyyazilim.com/new-york-man-pleads-guilty-in-mortgage-fraud-scheme/ Wed, 13 Jul 2022 11:55:28 +0000 https://pconlyyazilim.com/new-york-man-pleads-guilty-in-mortgage-fraud-scheme/ As part of the scheme, Jacob Deutsch provided false rent records and forged leases to victim financial institutions and their appraisers, who either overstated the number of tenants by listing fictitious tenants or others who did not live there. not actually, or wrongly inflated the amount of rent paid. by the occupants, officials described. Read […]]]>

As part of the scheme, Jacob Deutsch provided false rent records and forged leases to victim financial institutions and their appraisers, who either overstated the number of tenants by listing fictitious tenants or others who did not live there. not actually, or wrongly inflated the amount of rent paid. by the occupants, officials described.

Read more: New Jersey man gets nine years in prison for mortgage fraud

“Jacob Deutsch tricked the inspectors into thinking unoccupied apartments were occupied by staging the apartments with furniture and getting BHPM employees to falsely tell the inspectors they lived there and lie to the inspectors if asked if there were any vacancies,” the statement said. “For example, a rent register and summary of income and expenses submitted by Jacob Deutsch to CBRE Capital Markets, Inc. (“CBRE”) in June 2018 incorrectly indicated that 16 Evergreen Avenue was 100% occupied when in fact, not a single tenant resided there at the time. Jacob Deutsch later emailed CBRE photos of money orders and checks purporting to reflect rent payments from bogus tenants on the falsified rent lists at 16 Evergreen Avenue to show proof of rent payment while in fact, the money orders and checks had been purchased by Aron Deutsch or employees of BHPM under the direction of Aron Deutsch.

Jacob Deutsch also provided the victimized financial institutions with false and inflated tax returns and financial statements for the properties, doctored bank statements, doctored or forged documents exaggerating the purchase price of various multi-family dwellings, as well as checks and doctored invoices showing false or overstated capital improvements. to these properties, the affidavit noted.

“The false information provided by Jacob Deutsch prompted the victim financial institutions to grant loans that they would not otherwise have granted on the terms requested, or for amounts greater than those they would have authorized if they had received truthful information. “, wrote officials. “Furthermore, the misinformation prompted Freddie Mac and Fannie Mae to purchase the resulting loans from the victim financial institutions and prompted HUD to issue a mortgage insurance commitment to a victim financial institution.”

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