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Cusumano Real Estate Group Acquires Jefferson at Toluca Lake

BURBANK, Calif.—-Cusumano Real Estate Group, the largest owner of multi-family properties in the Eastern San Fernando Valley, and an industry leader in the construction, acquisition and management of upscale apartment complexes, has purchased the 145-unit residential apartment community currently known as “The Jefferson at Toluca Lake” from developer JPI of Dallas, TX.

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Cusumano Real Estate Group Acquires Jefferson at Toluca Lake

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Generation Mortgage Announces Low 4.99% Rate Reverse Mortgage

Generation Mortgage Companyâ¢, the largest privately owned reverse mortgage retailer and wholesaler in the United States, today announced a new 4.99% fixed interest rate reverse mortgage product, offering seniors a long-term lower interest rate option.

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Generation Mortgage Announces Low 4.99% Rate Reverse Mortgage

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Mortgage-fraud crackdown nets 485 arrests

Authorities have arrested 485 people since March in the largest nationwide mortgage-fraud crackdown of its kind, the Justice Department said Thursday. During the enforcement effort, 1,215 criminal defendants responsible for $2.3 billion in losses faced some…

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Mortgage-fraud crackdown nets 485 arrests

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Mortgage Company Chief Indicted In TARP Fraud

A federal grand jury has indicted the chief executive of what was once among the largest privately held mortgage lending companies in the country for allegedly engaging in a fraud scheme that misappropriated $1 billion from the government’s Troubled Assets Relief Program and other targets.

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Mortgage Company Chief Indicted In TARP Fraud

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Mortgage Company Chief Indicted In TARP Scheme

A federal grand jury has indicted the head of what was once among the largest privately held mortgage lending companies for allegedly scheming to steal over half a billion dollars from the government’s Troubled Assets Relief Program.

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Mortgage Company Chief Indicted In TARP Scheme

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Ebby Halliday again tops North Texas real estate firms

Dallas-based Ebby Halliday Realtors has been at the top of the list of the largest North Texas real estate sales firms for decades.

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Ebby Halliday again tops North Texas real estate firms

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Parkmerced owners say they’ll survive loan woes

The commercial real estate meltdown has caught up with one of the largest apartment complexes in the country - San Francisco’s Parkmerced. The loan on the property is headed for default, according to the development’s owner. “Parkmerced and its lenders…

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Parkmerced owners say they’ll survive loan woes

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Reed Smith Gets 7 Real Estate Attorneys From Pepper Hamilton

Reed Smith has hired away part of the Pittsburgh office of Pepper Hamilton, taking seven real estate attorneys and seven staff members — one of the largest lateral groups to make a move in Pennsylvania in recent months.

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Reed Smith Gets 7 Real Estate Attorneys From Pepper Hamilton

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Bank of Montreal alleges huge mortgage fraud

The Bank of Montreal is suing hundreds of people in Alberta, including lawyers, mortgage brokers and four of its own employees, in what is one of the largest alleged cases of mortgage fraud in Canadian history.

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Bank of Montreal alleges huge mortgage fraud

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MetLife Expects Commercial Real Estate to Rebound (Update3)

MetLife Inc., the largest U.S. life insurer, said there are signs of a recovery in the commercial real estate market after property values dropped about 40 percent from their peak.

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MetLife Expects Commercial Real Estate to Rebound (Update3)

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