2018 HW Tech100 Winner: Ephesoft Simplifile Recognized as an Innovative Mortgage Technology. – The level of competition for the 2018 HW Tech100 was higher than in previous years, the magazine’s editorial staff noted, citing in its announcement of this year’s winners a significant.
Abacus said it was stunned by the charges because it had investigated the matter, informed fannie mae and taken action, including firing some employees. Others resigned. Neither Fannie Mae nor any borrower was harmed, the bank said, adding that it had eschewed subprime mortgages and other risky lending practices vilified during the financial crisis.
· NEW YORK, June 4 (Reuters) – Abacus Federal Savings Bank , which caters to the Chinese-American community in New York, New Jersey and Pennsylvania, was found not guilty on Thursday of all charges.
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NEW YORK, June 3 (Reuters) – Abacus Federal Savings Bank , which caters to the Chinese-American community in New York, New Jersey and Pennsylvania, was found not guilty of grand larceny and conspiracy on Wednesday after a three-month trial for the alleged sale of hundreds of millions of dollars worth of fraudulent mortgages to Fannie Mae, lawyers.
Oscar-nominated documentary tells amazing story of the only U.S. bank to be prosecuted after the financial crisis. follows the Abacus Federal Savings Bank, run by the Sung family, as it is.
Less sickness in housing as delinquencies fall 43% from peak Super jumbo mortgage – Housing and Mortgage News | HousingWire – Home Keywords Super jumbo mortgage.. Less sickness in housing as delinquencies fall 43% from peak. The housing market continues to recover from post-meltdown levels with mortgage.
The pay caps have been a sticking point. Democrats — and some Republicans — have argued that if a distressed company is bailed out by taxpayer money, then the top executives should not continue to.
Partner Kevin Puvalowski and associate Sarah Aberg represented Abacus Federal Savings Bank, the only bank to face trial on criminal charges in connection with the financial crisis and the first bank indicted by the Manhattan District Attorney’s Office since 1991.
During the five-year period of the alleged fraud, Abacus sold 3,000 mortgages to Fannie Mae. A total of nine defaulted. All the loans cited in the case continue to perform or have been paid off. In the end, after a five-year investigation and a lengthy trial, the jury acquitted the bank and its managers.
Phoenix home prices climb 35% in one year Besides the prior month’s 1% gain, January’s year-over-year increase in the median – the point at which half the homes sold for more and half for less – was the smallest since prices began their.