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Family claims reverse mortgage a scam (News 8 Austin) AUSTIN An East Austin family is entangled in lawsuits over a reverse mortgage process they claim is a scam to make them lose their home. FULL STORY >> Updated: 9/26/2007
Midday Business Report: NovaStar mortgage unit selects president (Kansas City Star) NovaStar Financial Inc. today said David A. Pazgan has been selected president and chief executive officer of the company?s NovaStar Mortgage unit.read more...
French country look allows for lots of versatility The Sexson family's River Highlands house was once like a big piece of blank paper.read more...
FBI begins inquiry into mortgage firm (AAP via Yahoo!7 News) The FBI begins an inquiry into the largest US mortgage lender, Countrywide Financial, for suspected securities fraud, reports say.read more...
Association of banks sues Spitzer over probe into lending practices NEW YORK - An association of leading commercial banks and a federal agency sued Attorney General Eliot Spitzer on Thursday, saying his probe into the lending practices of national banks
Housing market primed for mortgage fraud (ABC 7 Chicago) Subprime loans, which dramatically increased after 2003, are a considerable factor influencing mortgage fraud due to their higher failure rate, according to the FBI's 2007 mortgage fraud report.read more...