Artistic fraud on top of mortgage fraud? (St. Petersburg Times) Matthew Cox, the former Tampa mortgage broker who was the alleged mastermind of a multimillion-dollar mortgage fraud scheme, dazzled women with his talent as a painter.read more...
Short-, long-term rates' proximity may mean trouble (Reg Req'd) The convergence between long-term and short-term interest rates is one of the strongest developments in Wall Street history, says Investech Research Market Analyst newsletter .read more...
Tax accountant sentenced in $21-million mortgage fraud case (Detroit Free Press) A Dearborn Heights man, convicted of stealing $21 million in a mortgage fraud scheme, was sentenced in federal court Thursday to five years in prison.read more...
U.S. mortgage rates edge up following Fed rate hold (Market Watch) CHICAGO (MarketWatch) -- As median house prices slipped, mortgage rates edged up, according to Freddie Mac's weekly survey.
Hiring to Your Market ERICA IS GROWING INCREASINGLY diverse. Mostly as a result of immigration, minorities increased as a share of all households from 21 percent in 1993 to 27 percent in 2003.read more...
GMAC spent $410,000 lobbying on mortgage rules (AP via Yahoo! Finance) Automotive and mortgage lender GMAC LLC spent $410,000 in the first quarter lobbying on several bills related to mortgage lending and other issues, according to a disclosure report.read more...
Almost half of first-time buyers are opting for a 35-year mortgage, according to figures from Bank of Ireland. About a quarter of first-time buyers opted for the 35-year term in 2004 and just 4% in 2000.
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