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Another Mortgage Refinancing Wave? (GoldSeek.com)  "Big surge in price of US homes fuels fears of bubble," writes the Financial Times newspaper. Meanwhile, another major news wire did a weekend report on the top 10 U.S.


Debt levels and late payments rise  Consumers took on greater levels of debt in recent months, but some signs indicate they may be starting to ease off their "charge it!" ways, according to a study of


Commissioners discuss building code   At a special meeting on Monday, the commissioners of Rehoboth Beach discussed adopting a resolution to hold a public hearing with regards to building heights and architectural embellishments.via


American Bank purchase doubles mortgage business (BizJournals)  American Bank Holdings has acquired United Federal Mortgage in a bid to ramp up its retail mortgage business nationwide.read more...


Annual Existing Home Sales Prices Tumble   Annual existing home prices declined in August for the first time in more than a decade as sales fell for a fifth straight month.Commentread more...


How to buy a Treasury bill  You can get them either through a broker or at TreasuryDirect online, says Dr. Don.read more...

June 25th, 2007

General Assembly creates new residential mortgage fraud felony (The Daily Comet)

RALEIGH, N.C. The General Assembly agreed Monday night to legislation designed to make it easier to prosecute residential mortgage fraud in North Carolina by defining the practice and punishing, in particular, multiple offenders.

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