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Problems Persist at Fannie, Freddie   Fannie Mae and Freddie Mac have made progress toward correcting financial weaknesses, but tight government supervision is needed as the mortgage giants emerge from accounting scandals, a federal regulator said


UBS to shut hedge fund unit after mortgage market losses (Boston Globe)  LONDON -- UBS AG , the world's biggest asset manager, is winding down John Costas's hedge-fund unit after 11 months of trading and returning client money because of losses attributed


Pioneer Natural Makes Production Payment  Associated Press Pioneer Natural Makes Production Payment 04.18.2005, 05:34 PM Oil and gas producer Pioneer Natural Resources Co.via


Novice Buyers Face Bounty of Choices, But No Sure Bargains  read more...


Be Careful Conducting Background Checks  When they went to a Port of the Islands land auction in 1994, Gianna and Felice Clai never dreamed they'd make a winning bid and eventually live on the lot


Fannie Mae Hit Hard by Slumping Mortgage Market (Washington Post)  Fannie Mae, the giant mortgage funding company, today reported that deterioration in the housing market led to a sixfold increase of its expenses during the third quarter for loan delinquencies

June 16th, 2007

Shady Web sites fueling mortgage fraud (Moldova.org)

An increasing number of shady Web sites are offering to make insolvent home buyers in the United States more attractive to lenders.There is a whole underground world—an online cottage industry—that has grown up that allows anyone to commit mortgage fraud, said Constance Wilson of Interthinx, a financial fraud detection firm.The sites offer better credit scores by linking customers to a …

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