Fraud booms with mortgage market As the U.S. housing market hits record highs, mortgage fraud appears to be rising from California to Florida, according to mortgage industry researchers and federal law enforcement agencies.read more...
UK mortgage demand continues to weaken - BBA (Sharewatch) LONDON (AFX) - Weaker mortgage demand continued in April, the British Bankers' Association said today. The BBA found that net mortgage lending in April rose by 4.0 bln stg, some
Inside a mortgage lender's loan spree (International Herald Tribune) Documents and interviews show that the entire operation was intended to wring maximum profit out of the mortgage lending boom no matter what it cost borrowers.read more...
Sector Snap: Mortgage Lenders Fall (AP via Yahoo! Finance) Shares of mortgage lenders continued their decline Tuesday after a report revealed home prices in the second quarter fell by the steepest rate in two decades.read more...
Fairfield attorney convicted in $2.5M bank fraud A Fairfield lawyer, accused of bilking at least 17 clients out of $2.5 million, has been convicted of bank fraud.Commentread more...
Baptist conventions pledge $1 billion in Katrina relief In the largest cooperative effort of its kind, three historically African-American Baptist denominations have agreed to raise $1 billion for ongoing recovery efforts in the wake of Hurricane Katrina.read more...
An Idaho bank officer and four others accused of masterminding a mortgage scam were indicted in Boise on Wednesday on charges of defrauding an Idaho bank of $20 million, according to federal prosecutors.
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