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World Stocks Fall After Wall Street Drop   European and Asian stocks plummeted Wednesday after Wall Street chalked its second-biggest point decline in four years and rattled already nervous markets worldwide.Commentread more...


ATP Oil & Gas: Meet goals, win free mortgage for a year (BizJournals)  ATP Oil & Gas Corp. is challenging its 66 employees to meet a set of goals by next year -- and offering a reward for achieving the goals of a


Broker Commissions Add To the Real-Estate Bubble  As U.S. home prices soared in recent years so did the fees charged by agents. But the number of real-estate agents has grown even faster than their earnings.read more...


Wachovia to enter German mortgage market (bizjournals.com via Yahoo! Finance)   Wachovia Corp. plans to expand into Germany's mortgage market this year, Reuters reports, citing a company official's remarks to a German newspaper.read more...


Put a Lid on Rising Mortgage Payments (Ridgecrest Daily Independent)  (ARA) - Do you have a balloon mortgage that is coming due or an adjustable rate mortgage payment that has been steadily creeping up as interest rates change?read more...


Beijing's bank defines second mortgage (People's Daily)  The Bank of Communications (BOC)' Beijing branch has recently given its own definition of a "second" mortgage, which will base on the house property of the applicant rather than the

May 10th, 2008

Mortgage fraud bill proposed (Gloucester County Times)

TRENTON Legislation aimed at curbing mortgage fraud has been introduced by fourth district Assemblymen Paul Moriarty and Sandra Love. The bill (A-2679) would make residential mortgage fraud a crime punishable by up to five years in prison and fines of up to $15,000.

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