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Fair Game - The Inflatable Loan Pool
16:02:13 | 21/06/2010 - Source:
AMID the legal battles between investors who lost money in mortgage securities and the investment banks that sold the stuff, one thing seems clear: the investment banks appear to be winning a good many of the early skirmishes.
The Disgusting $1.5 Billion Mortgage Fraud Scheme Perpetuated By Lee Farkas
12:53:35 | 21/06/2010 - Source: Queerty
Lee Farkas, the gay chairman of the home lender Taylor, Bean and Whitaker Mortgage Corp., stands accused of fleecing Colonial Bank of more than $1.5 billion in a scheme involving "fake or fraudulent mortgage loans," which helped bring Colonial to its knees last year.
Abolition of HIPS pegs back house prices
08:43:59 | 21/06/2010 - Source: Telegraph.co.uk
The average cost of a property in England and Wales rose by just 0.3 per cent during the five weeks to June 12, following a 0.7 per cent jump in asking prices during the previous month, according to property website Rightmove.
NYT: Cost of seizing Fannie and Freddie surging
20:24:55 | 20/06/2010 - Source: MSNBC News
Is now an ideal time to buy a home, given that mortgage rates are at record lows? With Michael Moskowitz, Equity Now president, and Fred Glick, US Loans Mortgage LLC.
Canada's economy is suddenly the envy of the world
16:10:23 | 20/06/2010 - Source: WAOW
Canada thinks it can teach the world a thing or two about dodging financial meltdowns.
No financial meltdowns here, Canada boasts, and world leaders want in on the secret
16:10:22 | 20/06/2010 - Source: KSWB-TV San Diego
In this photo taken June 7, 2010, Canada's Finance Minister Jim Flaherty speaks to reporters at The International Economic Forum of the Americas in Montreal.
FHA reviewing reverse mortgages
11:50:57 | 20/06/2010 - Source: Http
Herea s a sobering message for anyone who has a federally insured reverse mortgage or plans to apply for one: If you dona t pay your property taxes or hazard insurance premiums, the risk of losing your house to foreclosure is about to increase.
Ex-Delray commissioner's Ponzi scheme charges are 'out of context' with past life
07:41:22 | 20/06/2010 - Source: Palm Beach Post
Charlotte Gilmore Durante, 66, was charged with aggravated white collar crime, organized scheme to defraud greater than $50,000, 23 counts of grand theft over $20,000, three counts of grand theft over $100,000, 30 counts of grand theft and one count of money laundering.
Fannie and Freddie told to delist
03:31:32 | 20/06/2010 - Source: Toronto News.Net
The Federal National Mortgage Association, otherwise known as Fannie Mae, has told the New York stock exchange it intends to delist.
Low mortgage rates spur refinancing, but not like in the past
00:31:48 | 20/06/2010 - Source: Chattanooga Times Free Press
Michael Ja'anini thought he had secured an attractive mortgage rate of 5.75 percent when he bought his East Ridge home nearly eight years ago.
Arrests in Alleged Mortgage Fraud
20:27:10 | 19/06/2010 - Source: KXNT-AM Las Vegas
Hundreds of people have been arrested in what authorities say is being called a oeOperation Stolen Dreams.a The nationwide effort has netted 123 Southern Nevada arrests since March.
Two North Metro Atlanta men among those arrested and sentenced in federal mortgage fraud probe
16:17:45 | 19/06/2010 - Source: Atlanta Journal-Constitution
Two metro Atlanta men, including a former appraiser and a closing attorney were among the nearly 500 people arrested since March in a federal crackdown on mortgage fraud.
The Fed: Fed in tough spot if growth slows
12:03:13 | 19/06/2010 - Source: MarketWatch
After blazing away to combat the severe global recession, the Federal Reserve now finds itself with its back against the wall, with little ammunition or room to maneuver if the economy were to weaken significantly, analysts said.
Commercial mortgage-backed loan delinquencies increase
07:53:29 | 19/06/2010 - Source: Jacksonville Business Journal
More than one-quarter of all multifamily loans in Jacksonville financed with commercial mortgage-backed securities are 60 days or more delinquent, according to the commercial real estate information provider Trepp LLC .
Nevada Real Estate Crash Sinks Another Bank | Problem Bank List
03:44:47 | 19/06/2010 - Source:
June 18, 2010 - Nevada Security had lent heavily at the peak of the market on construction and development loans in Reno, Nevada, which subsequently experienced a major crash in real estate values. Nevada Security was also blindsided by the failure of...