During my 37 years in the mortgage lending industry, I have seen many economic swings that have stimulated both dramatic increases and decreases in mortgage lending volume. I live in Albuquerque, N.M., and our volume of purchase money lending opportunities in 2008 were only 35 percent of what they were at our peak in 2006.Read more

United States Attorney A. Brian Albritton announced that U.S. District Judge Henry Lee Adams Jr., has sentenced Juan Carlos Gonzalez (age 51, of Jacksonville, Fla.) to seven years in federal prison for conspiring to commit wire and bank fraud. The court also entered a money judgment against Gonzalez for $6,296,303.65, the amount that Gonzalez obtained from the fraud. Gonzalez had pleaded guilty on Nov. 25, 2008.Read more