‘Universal Default’
An increasing number of credit card issuers are including this term in their contracts with customers.
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Synagogue project manager charged "It's a pretty heinous thing to do, especially to a religious organization" A 58-year-old Freeburg man appointed by Congregation Beth-El to oversee construction of its new synagogue is accused
Colorado mortgage fraud declines (BizJournals) Colorado slipped to ninth place nationwide in terms of mortgage fraud in 2006, continuing a decline seen since 2004, according to a report released by the Mortgage Asset Research Institute.read
Mortgage industry needs more layoffs, analysts say (The Arizona Republic) The mortgage industry still isn't out of the woods and faces substantially more layoffs, according to a report.read more...
'Liar loans' threaten to prolong mortgage crisis (The Times of Northwest Indiana) In the mortgage industry, they are called "liar loans" -- mortgages approved without requiring proof of the borrower's income or assets. The worst of them earn the nickname "ninja loans,"
Enticing deals in the mortgage crisis often are too good to be true (San Francisco Chronicle) Constance Smith Bridgewater was in default on her mortgage payments, and she was desperate to keep the snug two-bedroom house in San Francisco's Portola district where she lives with her
Ameriquest employee pleads guilty to defrauding company, investors A former account executive at Ameriquest Mortgage Co. pleaded guilty Monday to conspiring to defraud the mortgage lender and investors using $4 million in fraudulent loans, the U.S. Attorney's office