The suspect in the Times Square bombing attempt defaulted on a $200,000 mortgage on his Connecticut home and the Shelton property is now in foreclosure, according to court records. The foreclosure records show Faisal Shahzad took out the mortgage in 2004, and that he co-owned the home with a woman named Huma Mian. Chase Home Finance LLC sued Shahzad, 30, in September to force the foreclosure. The case is pending in Milford Superior Court.
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While many homebuilders, such as D.R. Horton and Tri Pointe Homes, significantly reduced the number of new home starts over the last quarter amid sluggish homebuyer demand, Smith Douglas Homes Corp. is taking a different approach, akin to that of Lennar. Pace over price. The builder’s strategy reflects a commitment to affordability and serving the […]
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HousingWire on Tuesday announced the launch of the HousingWire Mortgage Rankings, a new performance intelligence product designed to provide a clear, data-driven view of mortgage origination activity across the U.S. The rankings benchmark mortgage originators based on observed production, offering a standardized view of performance across geographies, loan types and channels. Historically, the mortgage industry has lacked […]