Ex-mortgage broker sentenced to prison (East Valley Tribune) A former Phoenix mortgage broker was sentenced to 42 months in federal prison for bilking four senior citizens out of more than $400,000 in a residential mortgage loan operation
Is BidRent.com the Priceline of rental properties or just smoke and mirrors? "We now have over 1,000 listings in San Diego" When a press release landed in my e-mail to announce the launch of BidRent.com -- a free, online auction site
Footing the Bill Innovative Cultural Center event invites partygoers to 'Cut the Rug' for restoration "Cut the Rug" design courtesy of the Scranton Cultural Center Pulling up old carpeting and replacing it with a fresh floor covering is an onerous, often-expensive tasks that finds even
Confidence 'low' in house market Confidence in the UK housing market remained static for the fourth month running in July, according to a survey.read more...
Mortgage rates up for 2nd straight week (CNN Money) Mortgage rates edged higher for the second week in a row, which could bode well for the housing market, a survey said Thursday.read more...
FBI arrest four in Mobile mortgage fraud scheme (al.com) MOBILE, Ala. (AP) ? Four south Alabama residents are charged in a federal indictment with bilking Regions Bank out of almost one (m) million dollars in what prosecutors called a
“The temptation of Washington is to say that anything short of a massive government intervention in the housing market amounts to inaction. I strongly disagree with that sentiment”
The economy is listing. So it must be time to bail.
While there is little enthusiasm for government bailouts in general, voters are increasingly demanding immediate government relief as the economy ebbs.
The Fed-engineered bailout of investment banker Bear Stearns and other assistance to financial institutions has further raised expectations. To some, the $30 billion JP Morgan-Bear Stearns deal also raised a fairness issue: Should the government bail out a prestigious investment bank while doing little to address the hardships of Americans facing foreclosures on their homes, or caught in other troubled segments of the economy, such as laid-off factory workers? Read more
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