April 2010

Miami minister and his wife sentenced to prison for mortgage scams

A Miami-Dade minister was sentenced Wednesday to 20 years and his wife to 4 ½ years in prison for their convictions in a $6 million mortgage scheme fueled by drug money. Garry and Yvonne Souffrant, both 33, who formerly lived [...]


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California hotel foreclosures rise as unemployment has curbed travel

April 1 (Bloomberg) — Hotel foreclosures in California climbed 27 percent in the first quarter from a year earlier as unemployment cut business travel. Foreclosures, including the 469-room Los Angeles Marriott Downtown, rose to 79 properties from 62 in the [...]


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The permanant home loan crisis

Last Friday the White House announced its latest plan to prevent mortgage foreclosures, and earlier this week the famous Case-Shiller index found mostly flat home prices in January with analysts warning about a new wave of foreclosures to come. You [...]


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