British authorities have seized diamond-encrusted Rolex watches, flashy necklaces, and gold and silver from the safe deposit box of a fugitive wanted for his alleged role in a £50 million ($64 million) mortgage scam. So reports Reuters.

Since the COVID-19 outbreak, the normal way of doing things is being redefined on a daily basis. Many financial experts consider this global pandemic to be a “black swan” event.

Several loan officers have inquired: Why is the cost of jumbo financing so high at this time? For the past few years, it has been the same as conforming pricing and sometimes even lower than conforming. Now it is much higher--if you can find it at all. Why has this market changed so much?

Lee Farkas, who was chairman and majority owner of the Florida mortgage firm Taylor, Bean and Whitaker, has been granted release from prison nine years into a 30-year sentence. So reports the Orlando Sentinel.