Sandy Hook Real Estate News
Real Estate news for Sandy Hook, CT continually updated from thousands of sources.
Saturday | via Greenwich Citizen
A federal judge sentenced Stamford resident Christopher Brecciano , to 14 months in prison Friday for a mortgage fraud scheme involving dozens of properties in Fairfield County. Brecciano, 37, acted as a closing attorney for at least 50 mortgages that were based on false information - including fake deeds and verifications of down payments - to lenders, according to a statement from the U.S. Attorney's District of Connecticut office. Comment?
Friday Oct 2 | via WTNH
A Stamford attorney has been ordered to serve 14 months in prison for his role in a mortgage fraud scheme involving dozens of properties in Fairfield County. According to court documents, between 2006 and 2010, Brecciano participated as the closing attorney in a conspiracy that involved the purchase of multiple single and multi-family properties. Comment?
Wednesday Sep 30 | via Rochester Business Journal
M&T Bank Corp. has received regulatory approval for its merger with Hudson City Bancorp Inc., a deal that will stretch the Buffalo-based bank's presence across downstate New York and New Jersey. Officials from M&T Bank announced the plans Wednesday, noting that the transaction is expected to be completed on or around Nov. 1, pending approval of the New York State Department of Financial Services and the satisfaction of customary closing conditions. Comment?
Friday Sep 25 | via Patch.com
Hudson City Savings Bank, which has several branches in Fairfield and Westchester counties, has settled a Justice Department and Consumer Financial Protection Bureau complaint that it engaged in a pattern or practice of "redlining" in predominantly black and Hispanic neighborhoods in its residential mortgage lending practices. The "redlining'' allegedly occurred from at least 2009 to 2013, when Hudson City failed to serve the credit needs of majority black and Hispanic neighborhoods throughout its major market areas, including the Bridgeport area, New Jersey, New York City and surrounding counties, and the Philadelphia area, according to the Justice Department. Comment?
Thursday Sep 24 | via The Hartford Courant
Mortgage discrimination against black and Hispanic communities has led to a proposed $32.75 million settlement between Hudson City Savings Bank and the federal government. The New Jersey-based lender located branches, chose mortgage brokers and marketed loans that discouraged borrowers in predominantly minority communities, the Consumer Financial Protection Bureau and the U.S. Justice Department said Thursday. Comment?
Thursday Sep 24 | via Greenwich Citizen
A Hudson City Savings Bank sign on Putnam Avenue in Greenwich. The bank was fined $5.5. million and ordered to grant $27 million in loans to minorities after it discriminated against black and Hispanic neighborhoods by denying fair access to mortgages, federal officials said on Thursday. Comment?
Aug 13, 2015 | via Daily Mail
Mystery of Connecticut businessman and his wife missing more than a week - and now it emerges the husband was millions f dollars in debt and lost a home to foreclosure Jeanette Navin, 55, and Jeffrey Navin, 56, were reported missing August 7 by family who told police they have not been seen since August 4 Jeffrey Navin is president of a Westport-based trash-hauling company; wife Jeanette has been school library aide for 18 years The couple's family released a statement downplaying financial woes and saying they still have money on their bank accounts A middle-aged Connecticut business owner and his librarian wife have been missing for more than a week, and now new information has merged revealing that the husband was more than $2million in debt. Comment?
Aug 13, 2015 | via KAUZ
The president of the University of Texas has ordered that a statue of Confederate President Jefferson Davis be removed from the center of campus, but that statues of other Confederate figures will stay. The University of Texas will move a statue of Confederate President Jefferson Davis away from the center of campus, but statues of other Confederate figures will remain, school president Greg Fenves announced Thursday. Comment?
Jul 22, 2015 | via The Westport Daily Voice
Coldwell Banker's Tamar Lurie, an award-winning Realtor affiliated with the company's Greenwich office, once again ranked among the nation's top real estate professionals out of hundreds of thousands of agents across the country. With close to $100 million in sales volume in 2014, Lurie was ranked No. Comment?
Jul 16, 2015 | via Banker & Tradesman
Business conditions in the First District were reported as balanced or improving, according to the Federal Reserve's latest Beige Book report. The First District includes all of New England except for Connecticut's Fairfield County. Comment?
8 min ago | via West Australian
A stream of weak manufacturing data, the fall in the yuan and a stock market rout have painted a gloomy picture of the world's second largest economy over the past few months. But for the property market in China's boomtown of Shenzhen, thing's couldn't be better. Comment?
28 min ago | via Silicon Alley Insider
Nicholas Struk, Robert DeRosa and Mike Cornette quit Australian bank Macquarie late last month and are set to join Cantor after a period of gardening leave, according to people familiar with the matter. The traders all joined Macquarie in 2012 , and also worked together at Bear Stearns, the investment bank acquired in a rescue takeover by JPMorgan early in the financial crisis. Comment?
33 min ago | via Cape Gazette
Berkshire Hathaway HomeServices Gallo Realty provides this monthly analysis of the real estate market in Sussex County, Delaware. Whether you are buying, selling or just have an interest in the market, we hope you will find this analysis useful. Comment?
44 min ago | via OregonLive.com
Thanks to record-low interest rates, now has never been a better time to build a new home. Bankrate.com said fixed rate mortgages have slowly fallen over the last year, from 4.5 percent to 3.68 percent - where they are expected to hold steady for the remainder of this month. Comment?
47 min ago | via Seeking Alpha
I've been covering American Capital Mortgage and noticed they had a substantial position in forward starting interest rate swaps. The impact is material and investors should be aware of the economic cost of hedging even when the cost does not flow through adjusted numbers. Comment?
Copyright © 2015 Topix LLC