Jere Parkhurst was indicted in 2011 on 27 counts of money laundering and wire fraud after a group of middle-class Valley investors gave prosecutors information indicating Parkhurst could not maintain his promised 20 percent return after the housing market collapsed, nor the court-ordered payments they were to receive when the scheme fell apart.
Read more: Real-estate investor pleads guilty to count of wire fraud in Ponzi scheme
 |
| Mortgage And Real Estate News | ||
| Mortgage Rates Are Actually MUCH Higher This Week This article is not intended to report on the weekly Freddie Mac rate survey, but we'll have to reference it in order to participate in reality. To be fair, Freddie's survey is perfectly real, but it'... | ||
| Non-QM, DSCR, Automatic QC Tools; Hedging a Pipeline is Difficult at Best W... “Over the course of 18 years, it costs over $235,000 for parents to raise a child... and that's just for the alcohol.” Here in Dallas, plenty of people aren’t drinking, and instead they are wondering ... | ||
| Wild Ride For Mortgage Rates, Should Spill Into Tomorrow Too For anyone remotely tuned into financial news, it will come as no surprise that this has been a crazy week and today has been a crazy day. This is just as true for stocks as it is for the bond m... | ||
| Fannie's Firings; Valuation, Trading Tools; Builders and Housing Policy; Co... How ‘bout some good news? Last week’s apps skyrocketed, and… Builders are sitting on a pile of unsold homes and are slashing prices and offering mortgage rate deals! It sure is hard to have a “steady ... | ||
 |
 |
Posts
