Trump wants his foes prosecuted for a crime experts say is hard to prove
President Donald Trump is wielding a new tool in his fight against political and policy foes: alleging mortgage fraud. New York Attorney General Letitia James on Thursday was indicted on charges of alleged bank fraud and making false statements to a financial institution regarding a mortgage loan. That followed Trump's allegation that Federal Reserve Governor Lisa Cook lied on a mortgage application, which he is using as grounds for attempting to fire her. Meanwhile, the Democrat who led Trump's first impeachment trial, Senator Adam Schiff, is now under criminal investigation for similar accusations.
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NY Attorney General Letitia James Indicted On Federal Mortgage Fraud Charges
A federal grand jury in the Eastern District of Virginia has indicted New York Attorney General Letitia James on charges of bank fraud and making false statements to a lending institution, according to court documents. The indictment alleges that James misrepresented a property in Norfolk, Virginia, as her primary residence when applying for a mortgage, despite maintaining her principal residence in New York.
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Top lenders, tech firm hit with lawsuit over alleged mortgage price-fixing
Federal suit alleges Optimal Blue enabled lenders to coordinate mortgage pricing nationwide. A federal class-action lawsuit claims that mortgage technology provider Optimal Blue and nearly 30 major lenders-including Rocket Mortgage, United Wholesale Mortgage, Wells Fargo, and JPMorgan Chase-worked together for years to increase mortgage rates and fees for millions of homebuyers. The suit, filed in Nashville, Tennessee, alleges that since at least 2019, these lenders used Optimal Blue's analytics software to share private, real-time pricing information and coordinate mortgage rates, violating federal antitrust laws.
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US 30-year fixed mortgage rate falls; prospective buyers stay on the sidelines
U.S. mortgage rates fell this week, but an uncertain economic outlook and tepid hiring are keeping prospective homebuyers on the sidelines. The average rate on the popular 30-year fixed-rate mortgage dropped to 6.30% from 6.34% last week, mortgage finance agency Freddie Mac said on Thursday. It averaged 6.32% during the same period a year ago.
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Missouri woman who tried to fraudulently sell Elvis Presley's former home, Graceland, sentenced to 4 years in prison.
It might be one of the most famous estates in America, but its notoriety didn't dissuade a Missouri woman from trying to fraudulently sell Memphis landmark Graceland, the former home of Elvis Presley. The scheme was designed to wrest millions of dollars away from Presley's family, according to a report by The New York Times that cites court documents (1) detailing how Jeanine Findley, 54, attempted to foreclose on Graceland.
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Brent Scheer to lead Knox Title, CEO BJ Fast departs
Brent Scheer will replace Fast, whose office is in Bentonville. Scheer's office will be in Little Rock. He starts Dec. 1. Knox Title operates six title brands from more than 45 offices across nine states. The company has more than 265 employees. One of the brands, Lenders Title Co., has 13 offices across Arkansas. The other brands include American Abstract Title Co., Nu World Title Co., Preservation Title Co., Precision Title Co. and United Title of Louisiana.
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