Mortgage scheme netted millions, feds say (The Record) Two Bergen County men were arrested today and two co-conspirators were being sought in what authorities said was a multimillion-dollar mortgage fraud and property-flipping scheme involving rental properties in Paterson.read
Crooks want to be you (Reg Req'd) Identity theft. Mail fraud. Telephone scams. All part of our world today and only getting worse, according to Tony Esposito, an investigator for the United States Postal Inspection Service.via
Tokyo stocks open lower on concerns over US mortgage crisis (EARTHtimes.org) Tokyo - Tokyo stocks continued to lose Monday morning due to lingering concerns over the US subprime mortgage crisis. The 225-issue Nikkei Stock Average fell 154.84 points, or 0.94 per
Interest rate cut sparks mortgage approval rise (Guardian Unlimited) Mortgage approvals rose substantially in August after the Bank of England cut the interest rate for the first time in two years, official figures showed today.read more...
Rates on 30-year mortgages hit lowest level in 14 months Rates on 30-year mortgages fell again this week, dropping to the lowest point since April 2004, according to a nationwide survey.via
a Calculating Classic Dale Kern would be lost without his HP 12c calculator. "I use it every day," said Kern, a real estate broker with Commercial Associates in Corvallis.read more...
Northern Rock revealed yesterday that the number of mortgage borrowers in arrears has increased sharply since the bank was nationalised, as tougher economic conditions bite.
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