Forecast on homes hurts Dow
A major home builder’s warning of weakness in next year’s housing market chilled Wall Street on Tuesday, halting the stock market’s latest winning streak at four sessions.
read more…
Group faces fraud lawsuit (Reg Req'd) A group of appraisers, speculators, front men and "mortgage hustlers" perpetrated a "massive scheme of fraudulent real estate transactions," a major lender charged in a racketeering lawsuit Tuesday.via
Street traders keep a step ahead "Hello, sister, I got strawberries," the vendor hissed, looking around furtively outside a shabby shopping centre in Harare's northern suburbs.read more...
Dream home destroyed by mortgage fraud 9:05 AM (WCNC Charlotte) Dream homes are turning to nightmares for dozens of homeowners in Gaston and Cleveland counties because of questionable loans. The state attorney general is now going after the mortgage broker
Pending Home Sales Fall By 1.1% in September A real-estate gauge dropped last month a signal that the market will be roughly flat for the next few months, the National Association of Realtors says.read more...
Mortgage Crisis Roughs up IndyMac (BusinessWeek) The mortgage lender, which provides "Alt-A" loans, suffers as the mortgage crisis spreads read more...
Police: Group ran $12M mortgage fraud ring in Broward (Miami Herald) Using stolen identities and straw buyers to apply for bogus home loans, 11 people from South Florida ran a multimillion-dollar mortgage fraud and property flipping scheme in Broward County, authorities