0 minute readA Pennsylvania man pleaded guilty to a criminal charge Thursday in a $136m fraud scheme that forced US Mortgage Corp into bankruptcy when it was revealed, prosecutors said. In a statement, the US Attorney’s office in Newark, NJ, said Leroy Hayden, the Pine Brook, NJ, the company’s servicing manager, pleaded guilty.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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The story for the housing market over the past three years has been, “Home sales are down, home prices are up.” Because inventory was so restricted after the pandemic, prices pushed higher even as demand weakened. That story may finally be inverting as unsold inventory of homes is now great enough that home prices are […]
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Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio