Anthony Affatati of Parkland, Florida, pleaded guilty to charges related to two separate fraud schemes, one of them a multi-million dollar mortgage fraud scheme. According to documents filed with the court and statements made during the plea, Affatati became involved in mortgage fraud and purchased his Parkland home through a straw buyer who provided false financial information to the mortgage lender to secure the loan on Affatati's behalf. In a separate case, Affatati also pleaded guilty to conspiracy to sell fraudulent securities to the public. Sentencing has been set for Jan. 8, 2009.
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A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
July 3 -
Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
July 2 -
The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
July 2 -
A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
July 2 -
The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
July 2 -
The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
July 2









