Market In Slump, But Scams Abound
WASHINGTON You might assume that with home purchases and new mortgage volume off by 30 percent or more in many markets during the past year, loan fraud would be down as well.
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Chanhassen broker pleads guilty to racketeering in $2.5 million mortgage fraud case (Minneapolis-St. Paul Star Tribune) The owner of a Chanhassen mortgage brokerage has pleaded guilty to a Hennepin County charge of racketeering in a $2.5 million mortgage fraud case.read more...
Interest Rate Roundup Here's a look at the state of interest rates on five common consumer banking products and the latest rates from Bankrate.com's weekly national survey of large banks and thrifts.read more...
Price tag in mortgage crisis is looking like real money (Los Angeles Times) With effects reverberating throughout the economy, pressure grows for the Fed to cut interest rates further. But that wouldn't necessarily prevent a recession. The mortgage meltdown is
NY's Spitzer Indicts 8 on Mortgage Fraud (Fox News) New York Attorney General and the state's banking department indict 8 on mortgage fraud.read more...
Housing growth slowing, or just chillin'? When County Judge-Executive Rob Rothenburger looked over the county's receipts for building permits, he noticed the county took in less than half of the money in October that it did
2 Major Condo Projects Canceled Citing slow sales and a cooling real estate market, two major developers are abandoning plans for two condominium projects in the Washington region. read more...
August 30th, 2008
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