Genevieve Simmons of the Bronx, New York, pleaded guilty before U.S. District Judge Lawrence M. McKenna in Manhattan federal court to falsely obtaining Section 8 federal housing subsidies. According to Lev L. Dassin, acting U.S. attorney for the Southern District of New York, Simmons worked as a correction officer with the New York City Department of Correction from approximately 1990 through 2008. From April 2003 through March 2007, Simmons received Section 8 housing subsidies from HUD by falsely claiming that she was unemployed. These housing subsidies are intended for individuals who meet low-income and other eligibility requirements. By misrepresenting that she had no employment income, Simmons pled to obtaining more than $40,000 in federal housing subsidies to which she was not entitled.
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The promotion offers rate cuts as much as 25 basis points on new-home purchases as well as rate-and-term and cash-out refinance loans from May 4 through May 17.
8h ago -
"In looking at eight currently available proprietary RM products, there is a distinct relationship between HECM growth rates and proprietary product availability," Reverse Market Insight said.
8h ago -
The top bullet point in Two Harbors' rejection notice is the Mizuho credit facility does not constitute committed financing for UWM to pay for the deal.
10h ago -
The combination adds to a wave of broader merger and acquisition activity that includes an ongoing bidding war over RoundPoint Mortgage owner Two Harbors
May 4 -
The litigants, with some of the industry's deepest pockets, may be filing the rare cases to flag and potentially punish bad brokers, one expert said.
May 4 -
Market watchers think Jerome Powell will maintain a low-key presence on the Fed board as he awaits the release of an inspector general report examining cost overruns at the central bank's headquarters.
May 1










