2 more ‘flippers’ admit charges
Two mortgage brokers have agreed to enter guilty pleas in a multimillion-dollar real estate mortgage “flipping’’ scheme, according to documents filed in U.S. District Court in Cincinnati on Thursday.
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Federal prosecutors drop fraud charges against mortgage giant Fannie Mae's (Miami Herald) Fannie Mae fraud charges dropped Mortgage finance giant Fannie Mae avoided criminal prosecution over its alleged multibillion-dollar accounting fraud, the latest twist in a saga of intrigue involving a politically
Virginia man pleads guilty to mortgage fraud (AP via Yahoo! Finance) A northern Virginia businessman has pleaded guilty to conspiracy to commit money laundering in connection with a mortgage fraud scheme.read more...
Interest Rate Roundup Here's a look at the state of interest rates on five common consumer banking products and the latest rates from Bankrate.com's weekly national survey of large banks and thrifts.read more...
Auburndale Denies Annex Plan read more...
Anworth Mortgage Moves Along According to Plan (Indie Research via Yahoo! Finance) There was no surprise on the bottom line from Anworth Mortgage Asset, which pre-announced results last month.read more...
Paragon's says upbeat on outlook Mortgage lender The Paragon Group of Companies reported a 10.5 percent rise in full-year profit on Wednesday, in line with forecasts, and flagged a "fairly healthy recovery" in key sales