Mortgage and Financial News From 2009-7-28 Page 01
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41 Arrested In Latest Mortgage Fraud Scams - CBS 4 South Florida
According to Federal Prosecutors, 41 people have been charged in the latest round of South Florida mortgage fraud schemes. The latest scheme involves six cases and some $40 million in fraudulent mortgages. Some involve fraud at almost every level of ...
2009-07-28 06:41:00 -
MSHDA program benefits first-time homebuyers - Alpena News
Qualifying first-time homebuyers could realize some savings through an old resurrected program offered through the Michigan State Housing Development Authority. The Mortgage Credit Certificate Program was reactivated and opened on July 13. The ...
2009-07-28 05:59:00 -
Home loss, lender profit - Times Union
Policymakers often say it's a good deal for lenders to cut borrowers a break on mortgage payments to keep them in their homes. But, according to researchers and industry experts, foreclosing can be more profitable. The problem is that modifying ...
2009-07-28 11:06:00 -
Dodd, Conrad: Mortgage discounts are 'courtesy' - The Washington Times
Mr. Dodd refinanced two mortgages with Countrywide in 2003 - his home in Connecticut and a residence in Washington. Mr. Conrad acquired mortgages in 2004 for a vacation home in Delaware and an apartment building in Bismarck in his home state of North ...
2009-07-28 11:28:00 -
Many facing mortgage fraud charges - Herald Tribune
MIAMI - Forty-one people are facing a variety of charges involving some $40 million in bogus loans in schemes that underscore an epidemic of mortgage fraud in South Florida, federal prosecutors said Tuesday. The six separate cases illustrate the ...
2009-07-28 11:56:00 -
Feds push mortgage holders to modify more home loans - The State
The Obama administration, scrambling to get its main housing initiative on track, extracted a pledge from mortgage company executives to improve their efforts to assist borrowers in danger of foreclosure. In an all-day meeting Tuesday at the Treasury ...
2009-07-28 10:45:00 -
Mortgage Servicers Are Under Pressure to Modify More Loans - Wall Street Journal
"We are on track to meet our goals," Treasury Secretary Timothy Geithner said Tuesday. "Still, too many homeowners are at risk of foreclosure right now." The plan is one of the cornerstones of the Obama administration's effort to stabilize the ...
2009-07-28 08:29:00 -
Be sure you're shopping for an online mortgage the right way - Washington Examiner
Be sure you're shopping for an online mortgage the right wayWashington ExaminerOnline mortgages have their fans and critics: Borrowers like the convenience of shopping for mortgages without ever leaving home, while real estate agents ...
2009-07-29 12:02:56 -
Where's the forclosure relief? - Pioneer Press
Where's the forclosure relief?Pioneer Press... he landed a part-time job and started collecting some rent from his adult son, who had moved back home. With a modification of his primary mortgage, ...and more »
2009-07-29 12:03:10 -
Rally in Superior stirs 'Extreme Makeover' excitement - Duluth News Tribune
Rally in Superior stirs 'Extreme Makeover' excitementDuluth News TribuneThey're probably struggling to put food on their own tables and to pay the mortgage. Yet they will show up by the hundreds to help a family they have never ...and more »
2009-07-29 12:09:41 -
In the rough: Some Minnesota credit unions abandoned conservative ... - In-Forum
In the rough: Some Minnesota credit unions abandoned conservative ...In-ForumThey did not engage in some of the most extreme lending practices that took down hundreds of specialized mortgage brokers, such as issuing loans without ...
2009-07-29 12:11:18 -
Collapse at 7005 Antelope Street Extension - Channel 7 Daily News
Channel 7 Daily NewsCollapse at 7005 Antelope Street ExtensionChannel 7 Daily NewsThis was the scene at 7005 Antelope Street Extension when 7News arrived at the residence inside the home we found one of the young family members, ...
2009-07-29 12:14:17 -
Fort Myers foreclosure-relief firm investigated for fraud - The News-Press
Fort Myers foreclosure-relief firm investigated for fraudThe News-PressLee's median sales price peaked at $322300 for an existing home in December 2005. In June 2009 the median price was $87900, according to the Florida ...
2009-07-29 12:16:04 -
Dr. Murray -- Asleep on His Mortgage Payments - TMZ.com
Dr. Murray -- Asleep on His Mortgage PaymentsTMZ.comMore bad news for Dr. Conrad Murray -- the bank is trying to foreclose on his Las Vegas home ... the one that was filled with DEA agents yesterday. ...
2009-07-29 12:23:05 -
· Public records for July 28, 2009 - Daytona Beach News-Journal
· Public records for July 28, 2009Daytona Beach News-JournalMaura J. Brown, real property; Federal Home Loan Mortgage Corp. v. Nancy Khong, real property; Amtrust Bank v. William Stansell, real property; ...
2009-07-29 12:23:37