Home/ Mortgage Fraud/ Broker Sentenced for Fraudulent ApplicationsBroker Sentenced for Fraudulent ApplicationsApril 23, 2009 — Leave a comment Lorraine Miller, 45, New Orleans, has been sentenced in federal court by U. S. District Judge Ivan Lemelle to three (3) months incarceration and nine (...
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For example, experts used to worry about more than $1 trillion in ten-year CMBS [commercial mortgage–backed securities] loans made before the crash that would expire over the next few years. McCoy: Speakers at the symposium still mentioned the “wall of CMBS,” but with less fear and ...
Citibank NA on Tuesday again asked a New York judge to toss a proposed class action accusing the bank of ignoring pervasive problems with residential mortgage-backed securities, saying precedent from a recent state appellate ruling supports its contention that the suit is inadequately pled. ...