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UBS to Pay $230 Million to N.Y. in Mortgage Securities Probe – UBS Group AG agreed to pay $230 million to resolve a New York state probe into the Swiss bank’s marketing and sales of residential mortgage-backed securities. initial principal balance of more than.
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You Probably Can’t Get the Mortgage Interest Tax Deduction, So Why Should Anyone Else? – The 10 percent who still use it are mostly wealthy people who. This means you could be super rich and get a $1.5 million-dollar mortgage, but would only be able to deduct half of your mortgage.
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An 80 10 10 or "piggyback" loan describes two loans that are opened simultaneously, usually to purchase a home. One loan "piggybacks" on top of another to cover a bigger percentage of the home’s purchase price. The first mortgage is for 80% of the purchase price. Then a second loan is opened at for a value of 10% of the price.
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18 arrested in $10 million mortgage-fraud case – SFGate – Federal agents in Northern California arrested 18 people Wednesday on charges of defrauding banks and lenders with bogus mortgage loan applications. The losses totaled at least $10 million from.