Shares of Popular Inc. jumped Friday after the Puerto Rico-based bank said it plans to sell $1.17 billion of U.S. mortgage assets to affiliates of Goldman Sachs Group Inc.
Puerto Rican bank Popular Inc. said Friday it will sell mortgages and servicing assets from its U.S. mortgage subsidiary Popular Financial Holdings to affiliates of Goldman Sachs Group Inc.
Federal law enforcement agents have charged Magile Cruz, who has numerous aliases, in a $24 million mortgage fraud scheme involving 79 properties in Miami-Dade and Broward counties.
Troubled U.K. mortgage lender Bradford & Bingley says it swung to a loss in the first half of the year after further asset write-downs and a sharp rise in bad-debt losses.
