| Federal Tipoffs Involving Iowa Newsletter for Tuesday May 07, 2024 ( 2 items ) |
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Federal Home Loan Bank of Des Moines: $25 Million in Grant Funds Allocated to New Mortgage Rate Relief Product to Provide Affordable Homeownership
DES MOINES, Iowa, May 7 -- The Federal Home Loan Bank of Des Moines, a district bank in the Federal Home Loan Bank System, issued the following news:
The Federal Home Loan Bank of Des Moines (FHLB Des Moines) launched a new product, Mortgage Rate Relief, which will provide $25 million in grant funds to those seeking affordable homeownership. This product is designed to make homeownership attainable for borrowers at or below 80% of the Federal Housing Finance Agency's (FHFA) Underserved Areas Da
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U.S. Attorney for the Northern District of Iowa: Cedar Falls Office Manager Sentenced to Federal Prison for Wire Fraud
CEDAR RAPIDS, Iowa, May 6 -- The office of the U.S. Attorney for the Northern District of Iowa issued the following news release:
A Cedar Falls office manager who stole approximately $250,000 in a two-year period was sentenced on May 2, 2024, to over two years in federal prison. Teresa Mae Chiappone, formerly known as Teresa Mae Combs, Teresa Mae Hughes, and Teresa Mae King, age 57, from Waterloo, Iowa, received the prison term after a September 19, 2023 guilty plea to one count of wire fraud.
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