Man arrested in mortgage fraud case (Atlanta Journal-Constitution) The U.S. Marshal's Task Force has arrested another suspect in an alleged mortgage-fraud scheme that involved buying and selling homes in Atlanta's West End neighborhood using false and inflated appraisals and ghost buyers. A total of 12 people were indicted on state racketeering and mortgage fraud charges a month ago. Eight have been arrested, including Ekue Satchivi, who was picked up Thursday. ...
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Mortgage system crumbled while regulators jousted (Seattle Post-Intelligencer) Federal bank regulators fought over turf with state agencies while America's mortgage lending system grew increasingly unstable and then fell apart.
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Lenders: Most buyers can still qualify for mortgage (Montgomery Advertiser) To paraphrase Mark Twain, the death of loans and credit have been greatly exaggerated, according to some central Alabama mortgage lenders.
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Direct to Borrowers: Title Insurance for Sale Online (Washington Post) In the midst of the worst financial crisis since the 1930s, one that originated in the home mortgage market, it is nice to be able to report some good news. EnTitle Direct Insurance is now selling title insurance directly to borrowers online, with premiums that it claims undercut existing insurers by about 35 percent.
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Leawood real estate agent pleads guilty in mortgage fraud scheme (BizJournals) A Leawood real estate agent pleaded guilty to several charges related to a mortgage fraud scheme that federal prosecutors say bilked lenders for more than $12 million in home loans.
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Will mortgage plan help you? (The Nashua Telegraph) The prospect of mortgage debt forgiveness will entice hundreds of thousands of homeowners into picking up the phone to play the home-preservation game of "Let's Make a Deal," beginning this fall. The federal government's Hope for Homeowners plan started Oct. ...
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Strongsville man guilty of mortgage fraud (The Sun Star) Robert Huff of Strongsville has been found guilty of mortgage fraud involving a newly constructed house in Solon. After a two-day trial, Huff, 46, was found guilty of two mortgage fraud-related crimes -- theft by deception and security a writing...
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Choosing the Right Mortgage (BellaOnline) It’s in the news and everywhere we turn. It’s all about the mortgage industry and how it is falling apart. The reality is that the unconventional types of mortgages have created problems and are probably a thing of the past.
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Mortgage relief plans offer some help (The Monterey County Herald) The prospect of mortgage debt forgiveness will entice hundreds of thousands of homeowners into picking up the phone this fall to play the home-preservation game of "Let's Make a Deal." The federal government's Hope for Homeowners plan started Oct.
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Midomi Maker Melodis Hears $7 million (Red Herring) Music recognition application maker hooks up with a $7 million funding round led by TransLink Capital.
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