Mortgage and Financial News From 2009-4-9 Page 01
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N.J. man accused in $80M mortgage fraud due in court - Asbury Park Press
NEWARK — A New Jersey man who federal authorities say cheated investors and mortgage lenders out of $80 million in a real estate Ponzi scheme is due in federal court today. Wayne Puff is charged with wire fraud and obstructing justice. The 60-year ...
2009-04-09 10:58:00 -
Former loan officer gets prison for mortgage fraud scheme - Gainesville Times
Andrew John Smith, 29, of Cleveland, was sentenced today by U.S. District Judge William C. O'Kelley in Gainesville to serve more than three years in prison on a federal charge of conspiracy to commit bank, wire and mail fraud arising from a mortgage ...
2009-04-09 04:34:00 -
Cleveland man sentenced for mortgage fraud scheme (AccessNorthGA)
GAINESVILLE - A Cleveland man will spend the next three years in prison after being sentenced Thursday for a multi-faceted mortgage fraud scheme.
2009-04-09 05:03:14 -
The Most Objectionable Of Documents (Washington Post)
Q: Last week, I went to settlement on my first house. The settlement clerk at the title company had me sign a number of papers, most of which I did not understand. One was an Internal Revenue Service form that appeared to give carte blanche to the holder to access my income tax returns. When I questioned why I had to sign this form, I was told "the lender wants it." I was also told not to fill ...
2009-04-09 06:24:54 -
Making Mortgage-Backed Securities Safer (BusinessWeek)
One of the hard-learned lessons from the global financial bust is that home lenders should not be allowed to pawn off their risk on investors indiscriminately.
2009-04-09 06:25:47 -
Bond set for Sauk Village woman accused of municipal theft (The Times of Northwest Indiana)
CHICAGO | A Sauk Village woman is accused of stealing more than $100,000 from the Village of Hazel Crest -- her former employer.
2009-04-09 07:30:21 -
Ga. attorney charged in multi-million Ponzi scheme (Cherokee Tribune)
Robert P. Copeland, 48, a Marietta attorney, has been charged of stealing $28 million through a Ponzi investment fraud scheme, according to the U.S. Attorney's Office in Atlanta.
2009-04-09 07:37:46 -
Pomona-based Community Mortgage Funding Names Andrea M. Blais as CEO - Businesswire.com
POMONA, Calif.--( BUSINESS WIRE )--Community Mortgage Funding LLC (CMF), a credit union-owned mortgage company located in Pomona, Calif., has named Andrea M. Blais, CMB, as CEO, effective March 30. Blais brings more than 20 years of experience in the ...
2009-04-09 12:09:00 -
Mortgage Insurer Triad's Payment Woes Fall To Fannie, Freddie - CNN Money
CHICAGO -(Dow Jones)- More than half of troubled mortgage insurer Triad Guaranty Inc.'s (TGIC) $17 billion of risk in force is written on mortgages owned by Fannie Mae (FNM) and Freddie Mac (FRE), while Bank of America (BAC) and Wells Fargo (WFC) are ...
2009-04-02 09:40:00 -
Housing chief says refinancing program is working - Philadelphia Inquirer
Citing low mortgage rates and increases in refinancing numbers, U.S. Housing Secretary Shaun Donovan said yesterday that the two-month-old Making Home Affordable program was beginning to work. In a conference call from Washington, Donovan said ...
2009-04-09 04:41:00 -
Stocks Rally on Wells Fargo News, Data - BusinessWeek
U.S. stocks jumped in active trading Thursday, driven by financial stocks after Wells Fargo ( WFC ) projected better-than-expected first-quarter earnings. Some surprisingly good economic data also propelled stocks higher before Easter weekend ...
2009-04-09 04:27:00 -
Homeownership Initiative Presentation Is April 16 - Chattanoogan
A Homeownership Initiative: featuring Loris Jones Gibbs-Vice President of Affordable Housing/ Industry Affairs for Glenworth Financials Mortgage Insurance will be held on April 16 at 8 p.m. The topic will be falling mortgage rates. The event will be ...
2009-04-09 05:17:00 -
(AFX UK Focus) 2009-04-09 23:25 UPDATE 1-PREVIEW-Life insurers in tough spot, may get Fed aid (Interactive Investor)
By Lilla Zuill
2009-04-09 05:54:14 -
Lenders See Surge In Refinancing (KETV 7 Omaha)
Mortgage lenders said they're seeing a surge of refinancing as interest rates approach historic lows.
2009-04-09 05:54:21 -
Obama Should Assemble a Super Team (BusinessWeek)
Even though President Barack Obama has been in office just three months, his policies are already bearing fruit, despite unprecedented systemic problems. While gross domestic product will still be negative for some time, the rate of deterioration is slowing.
2009-04-09 06:22:55