Overstating income helped sink mortgage industry (Long Beach Press-Telegram)
It’s become clear that financial shenanigans are partly to blame for bogging down the mortgage industry. The depth of the quagmire has been the great unknown.
read more…
Blame for mortgage meltdown deflected (The Columbus Dispatch) WASHINGTON ? Charges of blame were flying yesterday for the meltdown of the high-risk mortgage market as pressure mounted for Congress to do something about rising foreclosures among homeowners unable
Mortgage Fraud Ring Dupes Las Vegas Home Sellers (KLAS-TV) The FBI has identified Nevada as one of the top ten mortgage fraud hot spots in the nation. According to the FBI mortgage fraud costs lenders more than $1 billion
Pulling back on the hammer (Reg Req'd) There are signs that the turbo-powered home construction market in North Texas may be about to slow down.read more...
District shares school plans By Jeni Lewis Marshfield News-Herald While learning about the two new elementary school buildings being constructed with Marshfield School District referendum money, the public had a few questions for designers
Buying Foreclosure Properties Has Its Rewards, but Also Risks Rising interest rates are sending more homeowners into foreclosure, prompting bargain-hunting investors to descend on courthouse auctions across the country. Some novices may be sorry they did. read more...
House prices fall for 11th month House prices in England and Wales fell for the 11th month in a row during August as the property market downturn continued, figures showed.read more...