Mortgage fraud nets man 17-year prison sentence (The Arizona Republic)
A Haitian man was sentenced Monday to nearly 17 years in prison for leading a mortgage fraud scheme in Phoenix that authorities say cost banks about $9.5 million.(Tue, 16 Mar 2010 00:41:35 GMT)
Commercial Mortgage Debt Rallies as TALF Ending: Credit Markets (Bloomberg)
March 15 (Bloomberg) -- Commercial mortgage-backed bond returns are accelerating as the Federal Reserve ends support for the $700 billion market, showing growing confidence that loan defaults won’t derail the economic recovery.(Mon, 15 Mar 2010 17:02:35 GMT)
Nabbing a Bargain-Basement Mortgage Before Rates Rise (WallStreet Journal via Yahoo! Finance)
Is it time to rush out and buy a house before mortgage rates go up? Rates are expected to rise at least modestly during the rest of this yearbut the rise could be much steeper.(Mon, 15 Mar 2010 14:11:52 GMT)
Man’s mortgage scam in Phoenix costs banks $9.5 million (ABC 15 Phoenix)
Officials said the Haitian man ran the mortgage fraud scheme from 2005 to 2007.(Tue, 16 Mar 2010 04:00:35 GMT)
Phil Capitano says he has paid mortgage (New Orleans Times-Picayune)
Kenner mayoral candidate Phil Capitano, target of a foreclosure lawsuit filed in January, said Monday he has brought his mortgage paymentsup to date. Phil Capitano"I paid it; it's all current," he said. JPMorgan Chase Bank started foreclosure proceedings against...(Mon, 15 Mar 2010 22:56:01 GMT)
Former Waynesville man convicted in $7.9 million mortgage scheme (Dayton Daily News)
DAYTON — A former Waynesville man was convicted of charges relating to a mortgage scheme that prosecutors said netted him more than $7.9 million and involved 57 property investors and 246 residential properties throughout greater Dayton.Gregory S. Chew, 42, was convicted Monday, March 15, after a 15-day trial in federal court.(Mon, 15 Mar 2010 20:49:10 GMT)
Mortgage relief program popular, arduous (The Ithaca Journal)
A year after the federal government launched the Homeowner Affordability and Stability Plan, interest in the government's mortgage relief program is still strong.(Tue, 16 Mar 2010 03:06:54 GMT)
Mortgage approvals fall by half (Guardian Unlimited)
Just 32,000 mortgages were approved in January compared to 62,800 in December, the CML said, as first-time buyers deserted the market The number of mortgages approved for house purchases fell by almost half in January, as the reintroduction of stamp duty on homes costing more than £125,000 hit the market, the Council of Mortgage Lenders (CML) said today. A total of 32,000 homebuyer loans worth ...(Mon, 15 Mar 2010 21:57:04 GMT)
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