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First Class Mortgage LLC - Aiea, HI

First Class Mortgage LLC 808-486-3133

Zacks: Federal Agricultural Mortgage Corp. Class C (AGM) Given Consensus Recommendation of “Strong Buy” by ...

Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Farm & Ranch, USDA Guarantees, Rural Utilities, and Institutional Credit. The Farm & Ranch segment purchases and retains eligible mortgage loans that are secured by first liens on agricultural real estate; securitizes eligible mortgage loans, and guarantees the timely payment of principal and interest on securities representing interests in or obligations secured by pools of mortgage loans; and issues long-term standby purchase commitments on designated eligible mortgage loans. The USDA Guarantees segment purchases portions of certain agricultural, rural development, business and industry, and community facilities loans guaranteed by the United States Department of Agriculture (USDA).

Ex-Fiat Chrysler executive gets 5.5 years in prison for UAW scandal

ROCHESTER HILLS — Former Fiat Chrysler executive Alphons Iacobelli was sentenced to 5 1/2 years in federal prison for tax evasion and his role in a scheme to siphon millions from the UAW-Chrysler National Training Center in Detroit.

Iacobelli, 58, of Rochester Hills, was sentenced seven months after pleading guilty to one count of conspiracy to violate the Labor Management Relations Act and one count of subscribing a false tax return. He agreed to pay $835,523 in restitution.

“The court’s sentence recognizes the serious harm done to rank-and-file union members who were betrayed by their UAW leadership, who were bribed by Fiat Chrysler and its executives,” U.S. Attorney Matthew Schneider said in a statement. “Labor management corruption poisons and undermines the collective bargaining process, and today’s sentence demonstrates that it will be vigorously prosecuted.”

According to the federal complaint, Iacobelli — who was involved in the conspiracy from 2009 through June 2015 — conspired with others at FCA to make prohibited payments of more than $1.5 million and provide other items of value for the personal use of senior UAW officials.