Star Reliable Mortgage operators sentenced

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The United States Attorney’s Office for the Middle District of Pennsylvania, announced that the former owner/operator of Four Star Mortgage Service, who previously worked as a mortgage broker for First Advantage Mortgage Company, was sentenced today by Senior U.S. District Court Judge Edwin M. Kosik to spend two years in prison for participating in a scheme to fraudulently inflate mortgages during 1999 through 2005.

Star Mortgage video Three sentenced to prison for running scam in Bakersfield. – Juan Curiel, 38, of Visalia, was sentenced to three years and five months in prison, and Santiago Palacios-Hernandez, 48, of Salinas was sentenced to two years and nine months in prison.

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He will be sentenced in August. Prosecutors say McElveen, a BB&T; branch manager in Rowland, stole the identities and used the proceeds for rental cars, hotel rooms and to pay his delinquent mortgage,

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On January 26, 2009, Nicholas Cosmo, founder of Agape World, surrendered to federal authorities in connection with a suspected $380 million Ponzi scheme. Previously convicted of fraud in 1999, Cosmo surrendered at the long island railroad train station in Hicksville, N.Y. and was sentenced to 50 years imprisonment.

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The principal operator of a major California-based mortgage fraud scheme has been sentenced to 24 years in prison.

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Chief U.S. District Judge Lawrence J. O’Neill sentenced Martin Calzada, 30, of Norwalk, to nine years in prison; Juan Curiel, 38, of Visalia, to three years and five months in prison; and Santiago Palacios-Hernandez, 48, of Salinas, to two years and seven months in prison.

Starwood’s Sternlicht says real estate health tied to tech

Average mortgage rates hold steady amid global trade disputes 1 hour ago admin Market reaction to the trade dispute with China led to a modest decline in mortgage rates this week, but that shouldn’t affect home sales in the coming months, Freddie Mac said.