Centenarian gets 25-year mortgage (EARTHtimes.org)
Actuarial experts must be rolling their eyes since word got out that a British lender has granted a 25-year mortgage to a 102-year-old man.
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FBI arrests 4 Mobile County residents in mortgage fraud scheme (Reg Req'd) Federal agents have arrested four Mobile County residents accused in a secret indictment of conning a bank out of nearly $1 million in a mortgage scam.read more...
Guilty plea in housing projects fraud case Aaron R. Dare, 37, of Albany, faces 27 years in prison and/or a fine of up to $750,000 and other penalties when he is sentenced March 6, 2007.Commentread more...
Business notebook Buyout: Medley Global Advisors, a hedge-fund advisory firm founded by former George Soros partner Richard Medley, is being bought by management and private equity firms Boston Ventures Management and Castanea
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Judge sentences man to 6 years for mortgage fraud (Sun-Sentinel) Defense says no one lost any money Yes, he broke the law. But did a Broward man labeled an "economic outlaw" by federal prosecutors cause real financial
Why interest-rate changes come as a surprise, and why they don't The Federal Reserve cuts a key interest rate. And the markets go through the roof! That's what's supposed to happen, right? But it doesn't always work that way. via