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Great Ajax Corp. (NYSE:AJX) Experiences Heavy Trading Volume

As of the end of the quarter Rhumbline Advisers had bought a total of 2,415 shares growing its holdings by 15.6%. The value in dollars increased from $203,000 to $251,000 a change of $48,000 quarter to quarter. As of quarter end First Trust Advisors Lp had disposed of 409 shares trimming its stake by 3.0%. The value of the investment in Great Ajax Corp. went from $177,000 to $184,000 a change of 4.0% since the last quarter.

On November 22 analysts at Raymond James added AJX to its research portfolio with an initial rating of “Outperform”. On November 9 the company was downgraded from “Buy” to “Neutral” with a current price target of $14.50 by Nomura.

Equity analyst Nomura lowered the price target and downgraded the stock on November 9 changing the price objective from $18.00 to $14.50 and moving the rating from “Buy” to “Neutral”. On October 20, 2016 JMP Securities began coverage of the stock setting a rating of “Market Perform”.

Brazen leader of massive mortgage modification scheme gets 20 years

Earlier this year, a federal jury convicted Araya, Henderson, and Seko of multiple counts of mail fraud, wire fraud, and conspiracy to commit mail and wire fraud.

According to SIGTARP Christy Goldsmith Romero, Araya, Henderson, and Seko participated in a fraud scheme that preyed on more than 3,000 distressed homeowners.

Araya acted as the scheme’s ringleader and used much of the money taken from distressed borrowers to lead an extravagant lifestyle, which included purchasing expensive vehicles, a racehorse, and a variety of luxury goods.

Araya also used the money to fund his personal travel and a reality television show he produced called “Make It Rain.TV.”

Court documents showed that from at least March 2011 through September 2014, Araya and his co-conspirators targeted struggling homeowners and convinced them to provide thousands of dollars each in exchange for “mortgage modification” assistance. But no assistance came.

Does anyone know much about Affiliated Mortgage Company in Monroe, LA?

My new mortgage has just been sold to this company. Since I will be making monthly payment to this company for many years to come, I would like to know more about it but can't seem to be able to find out much from the Internet.