In this difficult economic time, distressed homeowners need to be wary of schemes that offer to help them for a substantial fee. Instead of paying $1,000 to $4,000 up front for "foreclosure rescue," homeowners can get help for free, either throu
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Bills address state mortgage fraud problems (The Fresno Bee)
Posted by mortgage 801 days ago (Editorial)
Editorial: Crack down on mortgage fraud (The Sacramento Bee)
Posted by mortgage 801 days ago (Editorial)
California is the No. 1 state for mortgage fraud, according to the FBI's annual mortgage fraud report for 2008.
Norwegian towns sue Citigroup over subprime loss (AFP via Yahoo! News)
Posted by mortgage 911 days ago (Editorial)
Seven Norwegian towns, some clustered around the Arctic Circle, have sued US banking giant Citigroup for more than 200 million dollars of losses plus damages linked to the sub-prime mortgage crisis, their lawyer said Tuesday.
Worse than subprime? Other mortgages are imploding slowly (Detroit Free Press)
Posted by mortgage 957 days ago (Editorial)
WASHINGTON ? Call it son of subprime. Experts warn that a new wave of mortgage foreclosures may be coming soon and could rival the default rates for subprime mortgages and slow efforts to find bottom in a prolonged national housing slump.
Franklin Credit hitting the streets to urge mortgage paybacks (BizJournals)
Posted by mortgage 960 days ago (http://us.rd.yahoo.com)
The subprime mortgage company that brought Huntington Bancshares Inc. to its knees is pounding the pavement in an attempt boost collections on mortgages it services for the Columbus bank.
New Consumer Agency Would Revamp Mortgage Oversight (Nasdaq)
Posted by mortgage 960 days ago (http://us.rd.yahoo.com)
WASHINGTON -(Dow Jones)- A proposed new consumer protection agency would have vast powers to overhaul U.S. mortgage lending practices, upending current federal rules aimed at protecting home buyers.
SEC Charges Ex-Countrywide CEO Mozilo with Fraud (SmartPros Accounting)
Posted by mortgage 966 days ago (Editorial)
June 5, 2009 (Associated Press) WASHINGTON - Angelo Mozilo, the man who rode the housing boom to build Countrywide Financial Corp. into a California colossus of high-risk mortgage lending, has been charged with civil fraud and illegal insider trading by federal regulators who accuse him of deceiving shareholders and profiting on confidential information.
Live Blogging Ken Lewis on Capitol Hill (New York Times)
Posted by mortgage 966 days ago (Editorial)
Bank of America ?s chief executive, Kenneth D. Lewis, testified Thursday before the House Committee on Oversight and Government Reform, which is looking into his bank?s acquisition of Merrill Lynch . Mr. Lewis told lawmakers that he was pressured by the government to complete the deal.
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