Mortgage and Financial News From 2007-11-13 Page 13

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  • Dillon Read (19): Through the Via Dolorosa

    Scoop - This includes questions about the $59 billion plus that went missing from HUD, billions lost through HUD mortgage fraud and how those cash and financing flows related to the money that bought Dillon’s Cornell Correction stock and other private ...
    2007-11-12 10:32:00

  • Wis. Lawmakers: Homeowners Are Swindled

    Forbes - Many end up getting evicted anyway because their new rent is much higher than their previous mortgage. The scam artists learn ... Backed by the Legal Aid Society of Milwaukee, Kirk sued the woman last month in Milwaukee County Circuit Court for fraud. ...
    2007-11-13 02:10:00

  • Miranda Kerr's ex in court

    News.com.au - Asset Finance Service Pty Ltd, a mortgage broking business Camilleri ran as sole director, sourced lending capital from ... It was an extremely traumatic time,'' one source told Confidential. The fraud matter will return to the Downing Centre ...
    2007-11-13 09:09:00

  • Foreclosure freefall

    Fort Wayne Journal Gazette - Indiana’s dismal record in mortgage-foreclosure rates suggests something should have been done long ago to educate borrowers and address mortgage fraud. Still, the efforts of a legislative panel are welcome. The Interim Study Committee on Mortgage ...
    2007-11-13 02:50:00

  • Kerry Pushes for Increased Lender Oversight in Wake of $76 Million ...

    Forbes - ... of small business lenders and called on the Bush Administration to strengthen its commitment to preventing future fraud ... for minorities, women and veterans are more important than ever as we brace for the full fallout from the sub-prime mortgage ...
    2007-11-13 02:53:00

  • Cheaper homes inflated the most during the boom

    BusinessWeek - In print and online, the Hot Property team first wrote about the potential downside of lenders pushing riskier, "option ARM" mortgages and the rise in mortgage fraud back in 2005—well ahead of many other media outlets. Hot Property was a finalist ...
    2007-11-13 12:51:00

  • Mortgage fraud task force sets up command center in Cleveland

    WKYC - CLEVELAND (AP) -- A mortgage fraud task force has opened a Cleveland command center because of the high number of local cases. Federal, state and Cuyahoga County agencies will fill the office with seven full-time and six part-time staff. County ...
    2007-11-13 02:10:00

  • Vacant homes send crime rocketing

    CNN Money - ATLANTA (AP) -- Eighty-five bungalows dot the cul-de-sac that joins West Ontario Avenue and East Ontario Avenue in Atlanta. Twenty-two are vacant, victims of mortgage fraud and foreclosure. Now house fires, prostitution, vandals and burglaries ...
    2007-11-13 01:20:00

  • Empty Houses Home to Crime As Loans Fail (AP via Yahoo! Finance)

    Eighty-five bungalows dot the cul-de-sac that joins West Ontario Avenue and East Ontario Avenue in Atlanta. Twenty-two are vacant, victims of mortgage fraud and foreclosure. Now house fires, prostitution, vandals and burglaries terrorize the residents left in this historic neighborhood called Westview Village.
    2007-11-13 10:45:36

  • Mortgage fraud task force sets up command center in Cleveland (WFMJ Youngstown)

    CLEVELAND (AP) - A mortgage fraud task force has opened a Cleveland command center because of the high number of local cases. Federal, state and Cuyahoga (ky-uh-HOH'-guh) County agencies will fill the office with seven full-time and six part-time staff.
    2007-11-13 12:08:24

  • Mortgage-fraud task force opens command center in Cleveland (The Plain Dealer)

    A task force hacking through the Cleveland area's tangled web of mortgage fraud has so much work that it has opened a full-time, high-tech command center.
    2007-11-13 01:52:17

  • Mortgage fraud task force sets up command center in Cleveland (WKYC Cleveland)

    CLEVELAND (AP) -- A mortgage fraud task force has opened a Cleveland command center because of the high number of local cases.
    2007-11-13 02:19:22

  • Ahead of the Bell: Fannie and Freddie

    CNBC - NEW YORK - A Lehman Brothers analyst downgraded shares of mortgage companies Fannie Mae and Freddie Mac on Monday, expecting lower home prices to cause continued turmoil in the credit markets. Fannie Mae on Friday said its third-quarter loss more ...
    2007-11-12 05:29:00

  • MBIA Surges on Report Buffett May Provide Capital (Update1)

    Bloomberg - MBIA prior to today was down 52 percent this year, and Ambac 70 percent, amid investor concern about writedowns related to mortgage-linked securities the companies guarantee. Moody's Investors Service and Fitch Ratings are scrutinizing ...
    2007-11-13 02:31:00

  • BlackRock CEO: Credit crunch not over

    CNN Money - feed://rss.cnn.com/rss/money_news_companies.rss ... Chief Executive Laurence Fink offered a bleak outlook for the ongoing credit crisis Tuesday, warning that more mortgage ...
    2007-11-13 09:24:00

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