The team has also traced the money trail, as the stolen funds were transferred at lightning speed from Tom’s bank in West Michigan to a bank in Maine to another depository in South Florida. a home.
Co-conspirators employed at lenders such as Countrywide and New Century Mortgage made sure that loan applications. years and that Florida had become "one of the key playgrounds" where fraudulent.
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The product Jahangiri sells, the reverse mortgage, is a mirror image of its home financing. with almost 13,300 loans approved by the FHA, or 25 percent of the market, Reverse Market Insight.
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Is that some piece of rosy propaganda put out by housing lobbyists to stimulate more home buying? Not unless you consider Federal Reserve economists to be shills for the real estate industry. The Fed.
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