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UK props up wounded mortgage lender Northern Rock (Reuters via Yahoo! News)   Britain's financial authorities stepped in to rescue mortgage lender Northern Rock on Friday as the group, which has lent aggressively to home buyers, fell victim to the sharp rise


Mortgage crisis could hit economy: Fed's Kroszner (Reuters via Yahoo! News)   Turmoil stemming from subprime mortgage delinquencies could dampen demand for homes and ultimately slow U.S. economic growth, Federal Reserve Governor Randall Kroszner said on Thursday.read more...


Home Seller Beware of Buyer?    Q: DEAR BOB: I have had much work done to my home without permits. When I sell the house, is this a case of "buyer beware," or could there


Billings owner takes the leap with 1st business after doing plenty of homework  Sue Rydquist gazed at her husband's mahogany plywood and envied it for one of her projects.read more...


Caliber's IPO raises less-than-planned $150 mln  Caliber Global Investment said on Thursday it raised $150 million in its initial public offering, less than the $250 million planned, as trading in its shares started in London.via


Men plead guilty to mortgage fraud (Helena Independent Record)  Two men pleaded guilty in federal court in Helena Friday to scheming to defraud mortgage companies and wire fraud involving about $686,000.read more...

November 29th, 2006

Mortgage fraud busted

A Brooklyn mortgage fraud ring duped homebuyers and lenders by falsifying documents and overstating property values, ruining the credit of many people who bought homes in minority neighborhoods, New York …
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