A man who pleaded guilty to felony charges stemming from a massive foreclosure scam that prosecutors said defrauded Southern California homeowners out of millions was sentenced Tuesday to 12 years in prison.
This hacienda-style ranch house is part of a sprawling development in Okeechobee, Fla., that offers quail hunting and amenities such as a 600-foot zip line across a lake.
Sales of previously occupied U.S. homes rose last month to the highest level in more than 1½ years, while the inventory of unsold homes contracted to a level economists consider healthy, positive signs for housing.
Some of the most attentive pupils at a home-improvement class in Far Rockaway, Queens, are homeowners who are facing the imminent threat of foreclosure..
According to a key historical measure, rates should be even lower. The wide spread between mortgage rates and mortgage-backed bonds suggests the gears of the banking system are gummed up.
Email
