Mortgage company president charged with stealing $3 million from Ginnie Mae

Mortgage company president charged with stealing $3 million from Ginnie Mae

Mortgage Company President Charged with Defrauding Ginnie Mae. Robert Pena, president and founder of the now-defunct Mortgage Security Inc., was charged in federal district court in Boston for allegedly bilking Ginnie Mae out of nearly $3 million. MSI was an approved participant in the Ginnie Mae mortgage-backed securities program, pooling eligible single-family mortgages and selling the.

Home Prices Off More than 20 Percent Nationally: Report Amazon security workers to be laid off after rebid. –  · The Los Angeles-based company won a security contract with Amazon seven years ago. At that time, more than 200 security workers were laid off.

GMFS also retain mortgage servicing rights on Fannie Mae, Freddie Mac and Ginnie Mae securitization. acquisition of GMFS. The company incurred interest expense of $4.4 million for the fourth.

Mortgage company president charged with stealing $3 million from Ginnie Mae Failed bank’s board member jailed for defrauding TARP of $7 million Ben Lane is the Editor for HousingWire.

Mortgage Company President Sentenced for Defrauding Ginnie Mae BOSTON – The president and founder of a Falmouth mortgage company was sentenced yesterday in federal court in Boston in connection with defrauding the Government National Mortgage Association (Ginnie Mae) out of approximately $2.5 million.

Republican jobs bill aims to repeal Dodd-Frank Congress passed legislation Tuesday to revise parts the Dodd-Frank financial reforms that were enacted in 2010. The bill headed to President Trump’s desk, however, is not the sweeping.

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The Company also estimates it will incur a total pre-tax charge of $5.2 million related to this restructuring. Covered under the agreement are certain mortgage loans serviced for both Fannie Mae.

CoreLogic slashes 2014 mortgage origination estimate by 10% mortgage originations drop 31 Percent in 2014, HMDA Data. – Mortgage Originations Drop 31 Percent in 2014, HMDA Data Finds. Market Studies, News, Origination. With a nearly perfect estimate, CoreLogic determined that mortgage originations were.

BOSTON – The president and founder of a Falmouth mortgage company pleaded guilty wednesday to defrauding the federal government’s mortgage program out of approximately $2.5 million. Robert Pena, 68, of Falmouth, pleaded guilty in federal court in Boston to one count of conspiracy and six counts of wire fraud.

Top Government national mortgage association officials spent $3.9 million on a public relations campaign designed to create positive images for themselves, including a magazine piece on how one of them avoided obesity.. "The majority of the charges related to Ginnie Mae’s president.

DiNello, president and. income fell to $61.3 million, as compared to $64.4 million for the third quarter 2014. The decrease in net interest income was attributable to lower interest income from the.

The president of a Falmouth, Massachusetts-based mortgage servicing company was arrested on Thursday for allegedly embezzling $3 million in payments on home loans that were sold as securities.

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