NEW YORK (Source: Newsone Written by Casey Gane-McCall) – Former NYPD Officer Jorge Arbaje-Diaz was just sentenced to 20 years in jail for robbing drug dealers.
CINCINNATI -(Source: wlwt) – Two people accused of cheating banks out of nearly $3 million admitted their actions on Tuesday.
(Source: All Access) – BEASLEY Talk WSBR-A (MONEY/TALK RADIO)/BOCA RATON brokered show host ANTHONY F. CUTAIA has been charged by Federal prosecutors with defrauding investors by creating a Ponzi scheme. CUTAIA hosted “Talk About Mortgages and Real Estate,” on a [...]
MANHATTAN (Source: CN) – A real estate attorney on was sentenced to 5 years in prison for a $23 million mortgage fraud scheme. Cheddi Goberdhan “worked closely with corrupt loan officers of GuyAmerican Funding, a mortgage brokerage firm in Queens,” [...]
(Source: The Atlantic Wire By Adam Clark Estes) – The nation’s five biggest mortgage lenders are anticipating paying at least $20 billion in order to make nice on allegations of foreclosure abuse. Based on recent conversations he’s been leading with [...]
(Written byJERRY FLEAGLE is president of the Iowa Grocery Industry Association) – When millions of Americans are out of work and businesses struggle to remain viable, it is crazy for Congress to pave the way for higher costs to consumers [...]
(Source: Wall Street Journal By Shira Ovide) – Count this as the smartest thing Meredith Whitney has said in years.
(Source: Bloomberg Business Week) – A heavily-lobbied battle pitting bankers against merchants over the fees stores must pay banks when a customer swipes a debit card has reached the Senate floor.
(Source: Wall Street Journal By Mark Gongloff) – Continuing her appearance on CNBC, Meredith Whitney was asked about Jamie Dimon’s warning to Ben Bernanke yesterday that too much regulation could hurt the recovery and was maybe already keeping banks from [...]
BEIJING (Source: Wall Street Journal BY LINGLING WEI ) — Bank of China Ltd. has received its first approval to bring yuan it raised in Hong Kong back to mainland China in a rare move that is part of Beijing’s [...]
(Source: San Francisco Chronicle) – Go ahead, ask me anything about cash, credit, savings and so on – I’ll do my best to provide the information you need to get ahead. There’s one subject that drives me nuts, though. Federal [...]
(Source: Metro UK) – Going into the red through student loans or on a first credit card makes them feel important and self-empowered.
(Source: LoanSafe.org by Moe Bedard) – Hey James Toufic Assali, are you a flaming idiot or just a selfish OC prick blinded by greed? Come on dude, you must either have a prison death wish or you simply like to [...]
(Source: NASDAQ by JR Hevron) – Be wary of anyone who promises that they can “fix” your mortgage for you. Anything they “claim” they can do, you can do better.
WASHINGTON -(Source: The Wall Street Journal)- Government-controlled mortgage company Fannie Mae (FNMA) on Monday detailed a list of new rules for home mortgage servicers aimed at fixing widespread problems in the foreclosure process.
PORTLAND, Ore. (CN By DEE MOORE ) – Bank of America and Mortgage Electronic Registration Systems broke the law when they failed to record every time the trust deed for a couple’s home mortgage changed hands, a federal judge found [...]
TAMPA BAY, Florida (Source: WTSP Written by Noah Pransky ) – Considering how much time people spent searching for the perfect home, they often spend little time searching for the perfect mortgage. Rates fluctuate depending on the broker.
(Source: DSNews By: Carrie Bay) – The Great Recession has exacerbated the housing affordability challenges that had been building for a half-century, according to researchers at the Joint Center for Housing Studies of Harvard University.
(Source: New York Times By MICHAEL J. DE LA MERCED) – Goldman Sachs has agreed to sell its Litton Loan Servicing unit to the Ocwen Financial Corporation for about $263.7 million, ending its ties to an industry steeped in controversy.
(Source: The Wall Street Journal) – Almost 40 percent of US homeowners who took out second mortgages — extracting cash from their residences to cover everything from vacations to medical bills — were underwater on their loans, more than twice [...]
(Source: The wall Street Journal BY ROBBIE WHELAN ) – Almost 40% of homeowners who took out second mortgages—extracting cash from their residences to cover everything from vacations to medical bills—are underwater on their loans, more than twice the rate [...]
(Source: By LESLIE BERKMAN The Press-Enterprise) – In the wake of failed attempts at loan modifications, delinquent homeowners increasingly are taking what many consider the next best step to avoid foreclosure: a short sale.
(Source: Bloomberg By Hui-yong Yu) – Lone Star Funds, the investment firm run by John Grayken, raised $5.5 billion for a fund to buy commercial-property assets as real estate values recover, according to a person with knowledge of the situation.
(source: MoneyWatch By Ilyce Glink) – When will home prices rise? That’s the question of the week. Unfortunately, there are no easy answers. Many local markets around the country are taking baby steps towards recovery. But it doesn’t look like [...]
NEW YORK -(Source: The Sacramento Bee) – Real estate experts in New York City say the market for five-figure rentals is strong.
(Source: BNet By Alain Sherter) – Federal Reserve Governor Daniel Tarullo is making waves by saying that large financial firms should be required to hold a lot more capital to avoid a repeat of the banking crisis. His comments sent [...]
(Source: BBC) – US Treasury Secretary Timothy Geithner has told US banks to accept new financial regulations instead of asking Congress to weaken them.
(Source: The Wall Street Journal)–Greek banks could not only survive a mild rescheduling or extension of the nation’s sovereign debt burden, but the move would restore confidence in the lenders, a senior Greek banking executive said Tuesday.
(Source: The Orange County Register By MARILYN KALFUS) – Law enforcement officials are looking for the owner of a Costa Mesa-based mortgage refinance company and escrow business who is charged in a loan modification scheme that preyed on victims in [...]
(Source: Los Angeles Times) – Authorities are seeking the owner of a Costa Mesa mortgage company who is charged in a large loan modification scam that targeted out-of-state victims, some of them elderly.
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