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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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









