Mortgage and Financial News From 2007-8-26 Page 12
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Despite turmoil, buyers can secure mortgages (The Morning Call)
From the headlines, you might think that lenders will never offer another mortgage.
2007-08-26 07:36:16 -
Cornered by mortgages (Provo Daily Herald)
The walls are bare, the closets are empty, and Connie and Timothy Pent and their two teenage children are living out of boxes as they wait for a dreaded knock at the door of their three-bedroom house in Ocala, Fla.They've fallen behind in payments on their home loan, and their lender told them in July that foreclosure was imminent.
2007-08-26 08:08:12 -
Borrowers face their adjustable-rate mortgages (Everett Herald)
Borrowers caught short through adjustable-rate mortgages are scrimping, raiding their savings and taking on second jobs to avoid losing their homes.
2007-08-26 07:15:01 -
Kissimmee nonprofit 'concerned' over checks
Orlando Sentinel - Carlos Morales, supervisor of the Orange County Consumer Fraud Unit, said this case should serve as a warning to many area Hispanics, who have proved vulnerable to mortgage fraud, pyramid schemes and other financial scams. "The scam fiesta has just ...
2007-08-26 12:35:00 -
University of Akron apologizes for error in plans to buy hotel
San Francisco Examiner - Heavy rains help Ohio's failing corn and soybean crops 2 hrs 4 mins ago - This week's heavy rains helped Ohio's corn and ... general craft crackdown on gambling machines Blue Jackets, Peca Agree on 1-Year Deal Nine indicted in central Ohio mortgage fraud ...
2007-08-26 12:13:00 -
Homeowners facing foreclosure beware of surplus funds scam
Atlantic City Press - A southern New Jersey man has become the first to be sued by the state under the Consumer Fraud Act for misleading consumers into paying him outlandish fees after losing their homes to foreclosure. Once the mortgage, fees and taxes are paid ...
2007-08-26 07:16:00 -
Prince George's Fairy Tale Unravels For Woman at Center of Fraud Probe
Washington Post - Patti LaBelle serenaded Jackson, 39, a former exotic dancer turned mortgage broker, and her groom, Kurt Fordham, 38. Later ... Secret Service 's Washington field office, said the agency is investigating Metropolitan for possible fraud, but he would ...
2007-08-26 05:21:00 -
Fraud, greed run lending
San Gabriel Valley Tribune - AS reporters peel away the onion layers of the subprime mortgage crisis, what they are finding really stinks: Fraud. Greed. Little oversight. Financial Times reporters Saskia Scholtes and Brook Masters found that most borrowers in this ...
2007-08-26 03:48:00 -
FBI details housing fraud case
Record - Appraisal uses higher-priced comparable properties to justify valuation. • Seller, loan officer or real estate agent offers to "take care of everything." Source: Ralph Roberts co-author of "Protect Yourself from Real Estate and Mortgage Fraud ...
2007-08-26 06:54:00 -
Fraud, greed run lending (Pasadena Star-News)
Fraud. Greed. Little oversight. Financial Times reporters Saskia Scholtes and Brook Masters found that most borrowers in this already risky venture overstated their incomes and more than half overstated what they earned by 50 percent or more.
2007-08-26 06:00:22 -
Today's Most E-Mailed Stories
Detroit News - Now, if you have the means -- meaning your mortgage, car and life insurance and light bill have been paid -- then go right ahead. But, really, what's the difference between a $200 and a $50 pair of sneakers? The box? We all want to make enough money ...
2007-08-26 05:50:00 -
State Reviews Title Insurance Practices
The Ledger - Title insurance is usually required in real estate sales to protect buyers from such things as liens, unpaid taxes or other problems in gaining a clear title to a property. Mortgage lenders require it, but the buyer pays the premium, which last year ...
2007-08-25 09:54:00 -
State's job in mortgage crisis a tricky balance
Newark Star-Ledger - So, why did it take the New Jersey Department of Banking and Insurance until April 13 -- more than three weeks later -- to order the California-based lender to cease operations in the state and revoke its license? It has been a recurring theme since ...
2007-08-26 04:24:00 -
Sleep well knowing your entire deposit is insured
St. Petersburg Times - ... week to announce that its FDIC-insured deposits are safe no matter what happens in the mortgage market. I'm sure some Countrywide depositors were relieved by that reminder, but it had to be unsettling for those whose accounts exceed the insurance ...
2007-08-26 04:17:00 -
Foreclosure 'rescue' deals shackle homeowners
Miami Herald - Now she had a mortgage bigger than $250,000 to satisfyTaxes and insurance hadn't been paid. Gainer had to buy her house again at a higher price. Perez, meanwhile, was getting impatient. While Gainer cobbled together financing, Perez feared that ...
2007-08-26 04:24:00