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Home | Media

Senior RMBS Trader Convicted of Fraud

Foreclosure, REO, News, Webcast

The office of the Special Inspector General for the Troubled Asset Relief Program announced that Jesse Litvak, a registered broker-dealer and former managing director at New York investment bank Jefferies & Co., Inc. was sentenced today to 24 months in federal prison and ordered to pay a $1.75 million dollar fine in connection to his conviction for defrauding consumers trading in residential mortgage backed securities.

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Homes “Seriously Underwater” Down in Second Quarter

Foreclosure, REO, News, Webcast

In a positive sign for the housing market, RealtyTrac reported Thursday a decrease nationwide in homes that were classified as “seriously underwater”, down to 9.1 million homes in the second quarter of 2014, representing 17.2 percent of all homes nationwide. The number is a decrease from the 17.4 percent of underwater homes recorded in the first quarter

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DSNews Webcast: Friday 6/20/2014

Ellie Mae revealed new figures on its mortgage originations, while home sales and prices continued to rise in the month of May--coming up on this weekend’s News Wrap.

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DS News Webcast: Thursday 6/19/2014

Natural disaster risk for homes is the topic of a new report released today, while a major bank pays a hefty fee to the federal government to settle allegations of lending and servicing misconduct-- coming up on Thursday’s News Wrap.

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