Ahearn: Subprime mortgage horse out of barn

Story date: 2007-10-07 06:00:00
Added on: 2007-10-07 07:00:14

Greensboro News & Record - Get the whole thing appraised for $140,000 and find a mortgage company to pony up. Multiply this by 20, and before you can say ... If something that's worth $70,000 is appraised at $140,000, it's just plain fraud," he said. "And a double-wide's a double ...


Read more...

Related Stories:

• Subprime mortgage horse is out of the barn

  Greensboro News & Record - ... 50,000 double-wide, or better yet, let's call it a "modular home." Stick it on a...
  2007-10-06 11:55:00

• Job, work-hour cuts take toll in Toledo blue-collar ZIP codes

  Toledo Blade - But Lucas County tax records show it appraised at $42,000, and a few years ago the couple were able...
  2007-12-23 01:27:00

• Property price overestimates 'common'

  News.com.au - He said one vendor could have missed out on thousands of dollars if they had followed the advice of an...
  2007-09-20 03:17:00

• Sonoma County home seizures hit record in 2007

  Press Democrat - ... the total from a year earlier and nearly double the previous record of 400 in 1996,...
  2008-01-22 10:48:00

• FDIC proposal would double insurance cost (The Daily Record)

  Starting in April, the cost to Maryland banks to provide Federal Deposit Insurance Corp. coverage could easily double under a proposal by...
  2008-10-07 04:21:28

• Wells Fargo Reports Record Annual Revenue With Double-Digit Revenue ...

  MSN MoneyCentral - Many of our businesses continued to post double-digit, year-over-year revenue growth, including business direct, wealth management, credit and debit...
  2008-01-16 05:02:00

• Commentary: The Danger in Double Dips (EETimes)

  The summer has brought the likelihood of a double-dip recession, which could mean slow or nonexistent growth for two years or more....
  2008-07-02 08:24:41

• DeMarrais: Investors still have options (The Record)

  The Federal Reserve's dramatic move to lower interest rates last Tuesday is expected to make borrowing less expensive, and that's a good...
  2008-01-27 06:05:19