Finance & Mortgage

Mortgage News: Freddie Mac to Buy Loans with Down Payments as Low as Three Percent

Director of the Federal Housing Finance Agency Mel Watt, has instructed his company and Freddie Mac to buy loans with down payments as low as three percent.

Dixon Real Estate News: Real Estate Seller Sentenced to Federal Prison for Mortgage Fraud Scheme

Former real estate salesman Hubert Rotteveel was sentenced to three years and four months of imprisonment for one count of mail fraud. Senior U.S. District Judge William B. Shubb passed the sentence last Tuesday.

Celebrity Real Estate: The Fun and Funky Cobble Hill Townhouse of Beastie Boy Mike D Gets $5.5M

The Post reports that the funky Cobble Hill townhouse of Beastie Boy Mike D, aka Michael Diamond, has been sold for $5.5 million, just $150,000 under the asking price.