Yen rises amid fears over US mortgage market (FT.com via Yahoo! News)
The yen climbed on Tuesday amid concerns that problems in the US subprime mortgage market could spill over into the wider economy.
read more…
Roswell duo headed to prison for mortgage fraud (BizJournals) A metro Atlanta couple have been sent to jail on charges of bank fraud and conspiracy to commit mortgage fraud, bankruptcy fraud, identity theft, money laundering and obstruction of justice.read
Property dealer may lose millions for fraud A FORMER estate agent who built up a multi-million-pound property empire of more than 400 houses after making fraudulent mortgage applications is likely to be stripped of 4m today.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
Luminent explores options amid mortgage turmoil (bizjournals.com via Yahoo! Finance) Turmoil in the mortgage markets snared another victim Monday.read more...
Borrowers Abandon Mortgages as Prices Drop Concerns are growing that homeowners who can afford to pay their mortgages may walk away from their residences amid falling housing prices. read more...
Housing Bust Impact: Office Leasing From the Orange County Register: Office landlords vulnerable to housing woes Orange County's office market is one of the most highly exposed markets in the nation to the housing industry,