Mortgage and Financial News From 2010-1-6 Page 01
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Man gets 7 years in mortgage fraud - Indianapolis Star
Robert A. Penn has been sentenced to seven years in prison for heading a multimillion-dollar mortgage fraud scheme in the Indianapolis area that victimized hundreds of investors and homebuyers. Penn, formerly of Indianapolis, was sentenced late ...
2010-01-05 11:27:00 -
Investigator Exclusive: Cleveland Heights made it easier for mortgage ... - WKYC
CLEVELAND HEIGHTS -- Problems began as soon as Brynna Fish got the keys to her Cleveland Heights home -- clogged drains, mold. Then there was the roof. "As soon as the snow started to melt, my roof started to leak," she said. Fish bought her home ...
2010-01-06 10:22:00 -
2 NC men sentenced in $6M mortgage fraud scam - Worcester Telegram & Gazette
The Star-News of Wilmington reports Wednesday that Daniel Rooks was sentenced to 7 1/4 years in prison, while Alford Rooks received five years of probation. Both Whiteville men pleaded guilty June 1 to conspiracy charges. Federal prosecutors say ...
2010-01-06 05:25:00 -
AIG Sells Canadian Mortgage Unit - Zacks.com
With about C$274 million ($263 million) in assets, the AIG United Guaranty Mortgage Insurance Company Canada is the second-largest private mortgage-insurance provider in Canada. The Ontario Teachers’ Pension Plan, the largest single-profession ...
2010-01-06 07:56:00 -
Mortgage Insurer Sues Countrywide Finance - Courthouse News Service
Republic Mortgage Insurance Co. says it has found more than 1,500 Countrywide loans containing "material misrepresentations." In its complaint in New York County Court, Republic claims that Countrywide is disputing attempts by two of its mortgage ...
2010-01-06 01:11:00 -
U.S. senate banking chief Chris Dodd to resign - Regina Leader-Post
WASHINGTON -- U.S. Senate Banking Committee Chairman Christopher Dodd's decision not to seek reelection highlights the vulnerability of President Barack Obama's Democrats in this election year -- particularly as they push for passage of landmark ...
2010-01-06 08:20:00 -
Home Buyers Who Don't Delay Can Save on Closing Costs New RESPA ... - PR Inside
SAN DIEGO, CA -- (Marketwire) -- 01/06/10 -- Consumers will no longer be left in the dark about the closing costs involved to complete the sale or purchase of a home -- costs that account for an average of five percent of the purchase price. Changes ...
2010-01-06 08:56:00 -
VETERANS Q&A with JIM STRICKLAND, #2 for 2010 - VA Watchdog dot Org
My lender is Bank of America, and I’m sure you have heard that they are the worst to ... since the appeal started I have been having more flash backs and at least one night mare of getting shot at. went to the VA psychologist for a PTSD 101 course ...
2010-01-06 08:20:00 -
Home Buyers Who Don't Delay Can Save on Closing Costs - Investors Business Daily
Your agent may strongly recommend that you include optional services like a home inspection and home warranty. 2. On the Good Faith Estimate, did the lender use vendors who know your market well? It's a good idea to shop for alternatives that might ...
2010-01-06 08:56:00 -
Vetoed foreclosure mediation bill resurfaces - Minneapolis Star Tribune
With the foreclosure crisis overstaying its welcome in neighborhoods across Minnesota, advocates are trying again to get a foreclosure mediation bill on the books. Minnesota Attorney General Lori Swanson, flanked by Rep. Debra Hilstrom, DFL-Brooklyn ...
2010-01-06 09:32:00 -
Housing help from state available in Machesney Park - Rockford Register-Star
Lenders in Machesney Park are National City, AMCORE, Blackhawk, Union Savings and Alpine banks as well as Wells Fargo Home Mortgage, according to information provided by the village.
2010-01-06 10:29:00 -
City seeks to add fine to foreclosure law - Providence Journal
PROVIDENCE — Banks or lenders that do not attempt to renegotiate mortgages with homeowners, as currently required by city ordinance, could now face a $2,000 fine, under amendments the City Council will consider at a special meeting on Thursday ...
2010-01-06 10:00:00 -
Meet your new neighbors, the Squatters - Minneapolis Star Tribune
C oon Rapids housing inspector Leya Drabczak visited the house almost weekly for more than six months. The woman who lived there never answered the door -- even when she was home. "She had furniture and plants," Drabczak said. "She had an 'ab-ductor ...
2010-01-06 10:07:00 -
Recent controversies overshadow Chris Dodd's career - CNN
Dodd faced deaths of sister and Sen. Kennedy, was treated for prostate cancer last year Democrat is Connecticut's longest-serving senator He suffered blows to reputation in the past year, was facing tough re-election bid Throughout his career, Dodd ...
2010-01-06 10:15:00 -
New database should help homebuyers check up on mortgage brokers - Star News Online
The state – and the public – will soon be able to follow the bad apples and the good in the mortgage lending business wherever they go and whatever they do. Under the SAFE Act passed by Congress in 2008, federal and state regulators of the ...
2010-01-06 07:30:00