Mortgage and Financial News From 2009-5-14 Page 01
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Tenant paid thousands in rent for condo that was in foreclosure - St. Petersburg Times
Tampa real estate agent Lori Polin played a key role in one of the state's "most dramatic'' mortgage fraud schemes, according to Florida's attorney general. Polin is still an agent — and she's still engaged in questionable dealings, an angry tenant ...
2009-05-14 05:11:00 -
Five people charged in $14 million mortgage fraud case - Milwaukee Journal Sentinel
Five people from Wisconsin and Illinois have been charged in a 24-count federal indictment with committing a $14 million mortgage fraud. A grand jury last month indicted Paul J. Zaleski, 60, formerly of Richmond, Ill., Michael Pembroke, 45, of Twin ...
2009-05-06 07:58:00 -
$2M fine in mortgage fraud case - MSN MoneyCentral
The Minnesota Department of Commerce on Monday said it revoked the mortgage originator license of Michael Prieskorn, fining him $2.2 million for his role in an alleged mortgage fraud scheme. The department says Prieskorn helped run a scheme in which ...
2009-05-11 06:19:00 -
Real estate agent admits mortgage fraud - United Press International
GREENBELT, Md., May 14 (UPI) -- A Maryland real estate agent admitted Thursday to participating in a $16 million scheme that defrauded homeowners trying to fend off foreclosure. Wilbur Ballesteros, 33, of Lanham, Md., pleaded guilty in federal court ...
2009-05-14 07:13:00 -
AG McCollum To Run For Governor (WJXT Jacksonville)
TALLAHASSEE, Fla. -- Republican Attorney General Bill McCollum plans to announce Monday that he's running for governor instead of seeking a second term, a political source close to McCollum said Thursday.
2009-05-14 09:31:34 -
Need a loan? First check your personal loan score (rediff.com)
This central registry will help banks, financial institutions and non-banking finance companies get mortgage details of consumers before issuing loans against property. The personal loan score will provide details on the likelihood of customers becoming 91 days delinquent on a personal or consumer loan over the next 12 months. It will range between 300-900, indicating the levels of default. A ...
2009-05-14 11:29:09 -
NIAGARA COUNTY: Residency question raised (Niagara Gazette)
Dem Party chair says NT representative is living in Pendleton.
2009-05-14 11:38:02 -
Trampled Green Shoots (GoldSeek.com)
The so-called ‘Green Shoots’ have been trampled by people walking to their Unemployment Insurance Offices to collect jobless claims in order to pay their bills. The so-called ‘Green Shoots’ have been trampled been people walking (or running) away from their homes as they are being foreclosed.
2009-05-14 11:44:57 -
Danger in Wall Street?s Shadows (New York Times)
Timothy Geithner?s plan to regulate derivatives includes much-needed reform, but reopens a dangerous loophole.
2009-05-15 12:01:16 -
Treasury rolls out relief for more homeowners facing foreclosure - Tri-City Herald
WASHINGTON The Obama administration unveiled new programs Thursday designed to make it easier for homeowners who owe far more than their houses are now worth to sell those homes at a loss and have their remaining debt forgiven. The programs ...
2009-05-14 04:21:00 -
Genworth 1st-qtr results fall on investment losses - MSNBC
RICHMOND, Va. - Investment losses and subprime mortgage impairments drove Genworth Financial Inc. to a first-quarter loss, and the insurer said Thursday it plans to sell up to 49 percent of its Canadian mortgage insurance business to raise cash. The ...
2009-05-06 07:58:00 -
FOX 5 Money: Mortgage Help - Myfoxdc.com
WASHINGTON, D.C. - Keeping up to 9 million Americans from losing their homes. That's the objective of the making home affordable program. On Thursday, Treasury Secretary Tim Geithner and Housing Secretary Shaun Donovan said 58,000 homeowners have ...
2009-05-14 05:19:00 -
Genworth leads life insurance stocks rally - Reuters
NEW YORK, May 14 (Reuters) - Shares of Genworth Financial ( GNW.N ), a provider of mortgage and life insurance, led a rally in U.S. life insurance stocks on Thursday. Raymond James, in a research report, said it was raising its 12-month share target ...
2009-05-14 02:41:00 -
Genworth jumps as analyst raises price target - Boston Globe
Last week, Genworth reported a first-quarter loss largely due to subprime mortgage impairments and investment losses. But Chief Executive Michael D. Fraizer told The Associated Press that the company is poised for growth in its life insurance ...
2009-05-14 05:47:00 -
The Savvy Consumer: Time may be right for a reverse mortgage - Fort Worth Star-Telegram
John Thomas faced two major issues when he was laid off March 31 — losing his healthcare coverage and making his house payment. He says he’s solving them both by taking out a reverse mortgage. The unusual loan structure allows people 62 and older ...
2009-05-14 07:20:00