from-the-institutions

FDIC sells $491M in distressed mortgages; Roundpoint Mortgage pays $34M for 50 percent stake

WASHINGTON - The Federal Deposit Insurance Corp. has sold $490.7 million in troubled mortgage loans from 19 banks that failed between August 2008 and March 2009 as it works through an inventory of assets from the institutions it has taken over.

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FDIC sells $491M in distressed mortgages; Roundpoint Mortgage pays $34M for 50 percent stake

from-the-institutions

S. Fla. minister, wife sentenced in $6 million mortgage scheme

A Miami-Dade minister was sentenced Wednesday to 20 years and his wife to 4 ½ years in prison for their convictions in a $6 million mortgage scheme fueled by drug money.

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S. Fla. minister, wife sentenced in $6 million mortgage scheme