Review Mortgage Lenders

Abacus Mortgage Loans

Address: 15188 NW Central Dr Portland, OR 97229
Oregon license#: ML-2616 NMLS#: 225036
Abacus Mortgage & Loans in Portland, OR is a private company categorized under Mortgage Brokers Arranging for Loans, Using Money of Others. Our records show it was established in 1997 and incorporated in Oregon. Current estimates show this company has an annual revenue of $500,000 to $1 million and employs a staff of approximately 1 to 4.

LTV Breaking News - Goldman Sachs Abacus Mortgage Deal stirs controversy [Live from New York]

Oscar-nominated documentary tells amazing story of the only US bank to be prosecuted after the financial crisis

Steve James is the veteran director of Chicago-based documentaries “ Hoop Dreams ,” “ Life Itself ,” “ The Interrupters ” and the forthcoming 10-part docu-series, “ America to Me .” But his first Oscar nomination for best documentary has come with a film set in the Chinese immigrant community of New York.

James’s PBS Frontline film “ Abacus: Small Enough to Jail ” follows the Abacus Federal Savings Bank , run by the Sung family, as it is indicted by the Manhattan District Attorney’s office on fraud charges connected to the 2008 financial crisis. The bank held one of the nation’s lowest default rates, and its founder, Thomas Sung, the family patriarch, subjected its loan practices to rigorous testing and standards.

But in 2009, a loan officer named Ken Yu was found to have falsified documents and accepted bribes by borrowers, setting off the Sungs’ suspicions. He was promptly fired, and the Sungs — Thomas’s daughters Jill and Vera help run the bank — reported the incident to Fannie Mae, referred the case to the FBI and hired an investigator to root out any more wrongdoing.

Annaly Capital Management Inc (NYSE:NLY) Shorts Increased By 15.49% As Of Nov 8, 2018

It was registered an increase on Annaly Capital Management Inc (NYSE:NLY)’s shares shorted with 15.49%. In November was published NLY’s total 58.88M shares shorted by FINRA. Previously was reported up change of 15.49% from 50.98M shares. Previous NLY’s position will need 8 days to restore. It has 7.33M average volume.

NLY is touching $10 during the last trading session, after increased 0.70%.Currently Annaly Capital Management, Inc. is downtrending after 17.93% change in last November 8, 2017. NLY has 9.64M shares volume. The stock underperformed the S&P 500 by 33.55%.

Annaly Capital Management, Inc. owns a portfolio of real estate related investments in the United States.The firm is worth $13.14 billion. The firm invests in various types of agency mortgage-backed securities and related derivatives to hedge these investments; and residential credit investments, such as residential mortgage loans and non-agency mortgage-backed assets within securitized products.The P/E ratio is 3.91. It also originates and invests in commercial mortgage loans, securities, and other commercial real estate investments; lends customized debt financing to middle-market businesses; and operates as a broker-dealer.