Mortgage and Financial News From 2008-5-2 Page 01
Previous Day: 2008-05-01
Return to the mortgage news archive home.
Page: 1 2 3 4 5 6 7 8 9 10 11 12 13
-
Banker charged with fraud, identity theft - Herald Tribune
SARASOTA — A banker was charged with fraud after police say she took out a $50,000 loan in a customer's name. Authorities arrested Roberta Olson, a senior banker at RBC Centura, at a branch on Ringling Boulevard. She was charged with grand theft ...
2008-05-02 10:36:00 -
Mortgage fraud could become a specific crime - News-Leader.com
Jefferson City -- Missouri lawmakers gave final approval Thursday to legislation that creates the specific crime of mortgage fraud. The legislation defines mortgage fraud as making false statements or failing to disclose material facts. It creates ...
2008-05-02 12:41:00 -
Ex-Club Owner Pleads Guilty in Mortgage Scams - Washington Post
The former owner of a string of Washington area nightclubs and restaurants pleaded guilty yesterday to federal mail fraud and false-testimony charges relating to a series of real estate scams that netted him more than $3.8 million. John A. Tsiaoushis ...
2008-05-01 09:43:00 -
Modifying loan can cost less than foreclosure - Elkhart Truth
John X had his home foreclosed this year. It cost the investor who held the mortgage about $40,000 to foreclose. It would have cost only $25,000 to make the mortgage affordable to the borrower through a reduction in the interest rate. Modifying the ...
2008-05-01 05:00:00 -
UPDATE 1-Triad and Lightyear agree to form new company - Reuters
NEW YORK, May 2 (Reuters) - Triad Guaranty Inc (TGIC.O: Quote , Profile , Research ), a mortgage insurer that has suffered significant losses in the housing crisis, said on Friday it plans to stop writing new business after setting up a new insurance ...
2008-05-02 02:53:00 -
Wells Fargo buys Flatiron insurance premium finance company - MSN MoneyCentral
Wells Fargo & Co. has purchased Flatiron Credit Co. Inc. and its operating subsidiaries from TD Banknorth N.A., one of the nation's largest insurance premium finance companies. The terms of the transaction were not disclosed. Flatiron Credit Co. and ...
2008-05-02 03:15:00 -
GMAC to Pay Record Yield on Australia Mortgage Bonds (Update1) - Bloomberg
May 1 (Bloomberg) -- GMAC LLC , the U.S. auto and home-loan lender controlled by Cerberus Capital Management LP, is offering a record-high yield margin for the Australian market to sell mortgage-backed bonds, three people familiar with the deal said ...
2008-04-29 05:56:00 -
Housing Plan Could Have Limited Reach - Washington Post
A plan to spare homeowners from foreclosure would aid about 500,000 households over the next four years, far fewer than its Democratic authors have predicted, according to an estimate released yesterday by the Congressional Budget Office . Aides to ...
2008-05-02 08:23:00 -
Online mortgage service not secure (Miami Herald)
The Florida Attorney General's office has warned customers that there has been a breach of security at LendingTree, the online mortgage service, and that customers' personal and financial information may have wound up in the wrong hands.
2008-05-02 11:01:34 -
County treasurer has million-dollar headache (Orange County Register)
Huge personal legal bill has hurt Chriss Street but 'has not broken him,' lawyer says.
2008-05-02 12:20:16 -
SET upbeat as week finishes (Bangkok Post - Thailand's English news)
Thai stocks gained 1.29% yesterday on growing optimism that the US sub-prime mortgage crisis may be easing. Thursday's move by the US Federal Reserve to cut interest rates by 0.25 percentage points, together with easing pressure on oil prices, also helped spur sentiment.
2008-05-02 06:04:28 -
Feds outline condo fraud scheme (Minneapolis-St. Paul Star Tribune)
Investigators describe an elaborate scam at the Sexton project in downtown Minneapolis that included laundering illegal profits through a lawyer in Australia.
2008-05-02 06:41:25 -
Guilty Plea In Mortgage Fraud Scheme (WCPO Cincinnati)
Prosecutors say a man who worked for a title agency reported fraudulent numbers on closing documents.
2008-05-02 08:10:16 -
Guilty Plea In Mortgage Fraud Scheme (The Kentucky Post)
A Cincinnati man has pleaded guilty in a mortgage fraud scheme. Investigators say Steven Gittinger admitted to conspiracy to commit bank fraud and money laundering charges.
2008-05-02 08:12:35 -
N.Y. Judge Files $10 Million Defamation Suit Against Attorney, Newspaper (Law.com)
Daily News columns and related blog postings falsely accusing the judge of improperly presiding over a case involving a lawyer who had defended him before a judicial conduct commission. The judge claims the articles were "grossly irresponsible" and show an indifference to his "rights and reputation."
2008-05-02 09:08:57