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I f you have trouble finding something for that special person who has everything, how about a new chia pet. The old saying, "Give a man a gun and he can rob a bank; give a man a bank and he can rob the world." This 25-year old didn't have either. "Loan officer John Incandela, 25, of Palm Beach, was sentenced Monday to 41 months in prison, three years of supervised release and ordered to pay more than $1.9 million in restitution for his role in a reverse mortgage scheme , the U.S. Department of Justice...

I saw a poor old lady fall over today on the ice!! At least I presume she was poor - she only had $1.20 in her purse. That is probably not enough to invest in the hundreds of billions, or trillions, that might be up for sale if Fannie & Freddie begin liquidating their portfolios . Not only that, but there are 15 F&F-related bills in the House, little interest in the Senate about doing anything soon, and the NAR and mortgage-related groups arrayed against House Republicans, who are now looking...

Banks Prefer Cash Buyers in REO Sales; Freddie Mac Streamline Refi Program; Originator Capacity Constraints; Comments on Property Flipping...

Out here in California, some in the business have been following the case of 28-yr old Garret Gililland III. Originally from the Sacramento area, he was just captured in Spain and brought back to California to face charges of a $100 million mortgage fraud ring. ...