Cook County's first elected Filipina judge goes on trial on mortgage fraud charges

O'Brien allegedly used fraudulently obtained mortgage loan proceeds to buy an investment property in the 600 block of West 46th Street in Chicago and then lied on applications to refinance the mortgage on the property as well as on a second investment property in the 800 block of West 54th Street in
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The largest lenders and servicers have long dominated the mortgage industry, but it's gradually becoming easier for small and midsize companies to do business with Fannie Mae and Freddie Mac. Greater parity in the guarantee fees charged to large and small lenders has created more incentive for
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President Donald Trump plans to nominate California tax attorney Charles “Chuck” Rettig to head the Internal Revenue Service as it implements the nation's tax code revamp, according to a person familiar with the deliberations. Charles Rettig. Source: Hochman, Salkin, Rettig, Toscher & Perez, P.C..
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The European Securities and Markets Authority (ESMA) has released it's guidelines on product governance under the second Markets in Financial Instruments Directive (MiFID II). MiFID II requires firms to ensure that the products they manufacture and/or distribute are designed to meet the needs of an
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“Knowing the right questions to ask when applying for your first home mortgage is critical,” said Dan Reed, Vice President of Lending for AAA. “Finding a trusted mortgage lender who will not only find the best loan for you but thoroughly explain the terms of the loan options available is [important].”.
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The Federal Housing Finance Agency (FHFA) has extended the deadline for feedback on whether government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac should consider alternative credit scoring models beyond the current Classic FICO requirement. The FHFA is “seeking input on all
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The new housing policy is part of Prince Mohammed bin Salman's Vision 2030 for economic transformation in Saudi Arabia. The Saudi Arabian government will monitor conditions and adjust policies “to ensure there is no bubble” in the housing market, Alhogail said. “As you know, when you launch a
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Recent stock market volatility may further constrain jumbo lending, while inflation concerns have lenders paying close attention to rising mortgage rates. “It could have an effect on those prospective homebuyers who were thinking of cashing out some of their capital gains in the equity market to put
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The Danish government and its parliamentary ally have agreed to 5 billion kroner ($830 million) of tax cuts, Ritzau reported, citing Finance Minister Kristian Jensen. The deal is a fraction of the 23 billion kroner initially targeted by Prime Minister Lars Lokke Rasmussen. He was last month forced to
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While Israel seeks peace, it's prepared for any scenario, Prime Minister Benjamin Netanyahu said Tuesday, following a tour of the Golan Heights. “I don't advise anyone to test us,” Netanyahu said. He and ministers from the security cabinet toured the area, captured from Syria during the 1967 Middle
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SEC Chair Jay Clayton left the door open to asking for more Congressional authority at a Senate Banking hearing this morning. He said that request could come after SEC has consultations with a Treasury Department working group on cryptocurrencies. The SEC definitely has a need for more computer
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The city has been grappling with questions about the public trust doctrine since at least 2013, when city attorneys and planners were informed by a title company that it could not provide title insurance on the property due to the OHWM question. The DNR's official ruling is as follows: The Department
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Movoto Real Estate welcomes one of its newest additions to its brand-new Bay Area brokerage, Tung Nguyen, a highly-rated broker with a charitable side. While Nguyen has been in … For more information see our news and press resources and real estate market trends. Sell your home with Movoto or
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Global Financial Magazine ranked DNB as the 39th safest bank globally in 2017. The ranking was based on the long-term foreign currency ratings issued by Fitch Ratings, Standard & Poor's and Moody's Investors Service. According to the European Banking Authority, DNB has the greatest resilience to
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In the wake of the financial crisis, the nonprofit Neighborhood Assistance Corporation of America toured the U.S. helping struggling homeowners modify their mortgage payments to fend off foreclosure. Now in its latest venture, NACA is launching a new program to help borrowers get affordable home
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“Home prices continue to rise as a result of aggressive monetary policy, the economic and jobs recovery and a lack of housing stock,” CoreLogic President and CEO Frank Martell said. “The largest price gains during 2017 were in five Western states: California, Idaho, Nevada, Utah and Washington.”.
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Home prices during December were up 6.6 percent from the previous year and up 0.5 percent from the previous month, according to new data from CoreLogic. December marked the fifth consecutive month that home prices were up by more than six percent on a year-over-year basis. Four states
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He continued: “We are ceasing what we're currently doing in the housing sector in a professional and planned way, because we believe it is not adding value. “Rather than continue to offer a broken solution to a broken market, we are stepping away to listen to what consumers actually want. “There are
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South Africa's parliament agreed to delay President Jacob Zuma's state-of-the-nation speech scheduled for Thursday with the ruling party to debate whether to push him to step down. The annual speech will probably happen in the next week, National Council of Provinces Chairwoman Thandi Modise
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