Here’s how much a commercial mortgage broker can make in South Florida
From the winter issue: As commercial real estate plugs along, commercial brokers, leasing agents and lenders are banking on...
mortgage brokers
Mortgage broker gets 15 years for $20M fraud scheme
Marco Laureti did the crime and now he will do serious time. Convicted of leading a $20 million mortgage...
Mortgage broker convicted in $20M mortgage fraud scheme
Mortgage broker, lender and real estate agent Marco Laureti has been convicted in a $20 million mortgage fraud scheme...
No more mortgage brokers for Wells Fargo
Although buying loans from independent mortgage brokers makes up only 5 percent of mortgage giant Wells Fargo’s loan originations, its announcement yesterday that it will stop buying those loans altogether could mean trouble for...
New shortage of mortgage brokers in Florida thanks to increased regulations
Mortgage brokers are fleeing Florida in droves, the Miami Herald reported, with the number of brokers down 90 percent...
Tax credit spurs mortgage profit: MBA
Marina Walsh Independent mortgage bankers nationwide saw profits surge during the second quarter of the year, according to the Mortgage Bankers Association, which reported an average profit of $917 on each loan originated, up...
Despite restrictions, appraisal fraud booms
For anyone who assumed that the toughened real estate appraisal rules imposed on the mortgage market last year would mean less monkey business in home valuations, here’s a shocker: Fraudulent appraisals actually soared in...
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