Selling Mortgage Leads News for 06/23/2008



$2.2 million mortgage fraud scheme leads to federal indictments (The Tennessean)
GALLATIN -- Miles Jackson Black and Jeffrey Dunn Hathcock, both of Gallatin, have entered guilty pleas in federal court to conspiracy to commit wire fraud and bank fraud as part of an elaborate mortgage-fraud scheme. The alleged fraud involved the purchase of 22 luxury homes in Gallatin and Hendersonville by unqualified "straw" buyers, officials said. The trial of a third defendant in the case, ...

Mortgage meltdown may spawn more suits (Business Insurance)
The litigation tentacles reaching out of the subprime mortgage mess could entwine corporate prey well beyond the financial institutions and individuals blamed for creating the debacle and resulting credit crisis, some insurance and legal experts say...

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Forum Editorial: Conrads judgment in question - In-Forum

Earthtimes (press release)

Forum Editorial: Conrads judgment in question
In-Forum, ND - Jun 21, 2008
E Did he know he was on Countrywides VIP list, and therefore eligible for a discount that amounted to a savings of $10700 on his vacation home mortgage? .
Fargo Forum: Conrad Did Nothing Wrong, Republicans Are EUROver The . Reiten Television KXMB Bismarck
Kent Conrads EURQuidEUR For Countrywides EURQuoEUR Is Being Overlooked . KXMC
all 91 news articles
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(AFX UK Focus) 2008-06-23 10:24 Hong Kong shares close weaker as China Mobile, CNOOC, cushion fall - UPDATE (Interactive Investor)
HONG KONG (XFN-ASIA) - Share prices closed weaker in an erratic session as bargain hunting and interest in China Mobile, CNOOC and other utilities helped to cushion the market's early losses on the back of Wall Street's poor performance last Friday and rising crude prices...

State leads no longer in home mortgage fraud (The Florida Times-Union)
More aggressive audits have helped Georgia shed the dubious distinction of being the nation's leader in mortgage fraud, but the state remains a hot spot for the crime...

Vets dream of day when road leads elsewhere (The Star-Ledger)
Stan Kuchar and John Clemente, two Vietnam vets from Bergen County, say they have this dream. They'll be throwing back a beer at the Rock Bottom Brewery in Bethesda, Md., celebrating the idea they'll never be back there again...

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Home Not-So-Sweet Home - New York Times

New York Times

Home Not-So-Sweet Home
New York Times, United States - 6 hours ago
EURFor be it ever so humble,EUR he wrote, EURthere really is no place like home, even if it does come with a balloon payment mortgage.EUR And the belief that youre .
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Mortgage meltdown leads to 2 arrests at Bear Stearns (Seattle Times)
It was April 2007, and two Bear Stearns hedge funds run by Ralph Cioffi and Matthew Tannin were piling up losses in the subprime-mortgage...

Justice Dept. crackdown on mortgage fraud leads to more than 400 indictments (The Herald-Mail)
WASHINGTON (AP) More than 400 real estate industry players have been indicted since March including dozens over the last two days in a Justice Department crackdown on incidents of mortgage fraud nationwide that have contributed to the countrys housing crisis. The FBI put the losses to homeowners and other borrowers who were victims in the schemes at over $1 billion...

Mortgage fraud crackdown leads to 400 indictments (News 8 Austin)
More than 400 real estate industry figures have been indicted since March, as part of a crackdown on mortgage fraud nationwide...

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Mortgage Rates Up and Airfares Skyrocket - WXIA-TV

Mortgage Rates Up and Airfares Skyrocket
WXIA-TV, GA - 5 hours ago
But in Metro Atlanta home mortgage rates are continuing below the national average of 6.42%, again signaling a good time to buy or refinance. .
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Tax bills going up, home values going down - Indianapolis Star

Tax bills going up, home values going down
Indianapolis Star, United States - 4 hours ago
Then there's the ballooning mortgage foreclosure rate. It is tempting for those of us not caught up in that crisis personally to be sympathetic, .
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Housing slump shaping up to be 'worst in a generation': Report . - MarketWatch

TheTimes

Housing slump shaping up to be 'worst in a generation': Report .
MarketWatch - 7 hours ago
Coverage of home buying and selling, housing prices, mortgage information and home improvement. In short, local markets are dealing with drops in housing .
Harvard report: Housing outlook remains bleak San Diego Union Tribune
Over the horizon, a housing recovery CNNMoney.com
US housing rebound to be prolonged: Harvard study Reuters
Boston Herald
all 36 news articles
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Mortgage rates on rise, as are fears for housing - San Diego Union Tribune

Mortgage rates on rise, as are fears for housing
San Diego Union Tribune, United States - 19 hours ago
Let's take a median-priced home in San Diego, valued at $380000. While a home buyer with a 5.8 percent mortgage would pay $2230 per month on that home, .
Put a firewall on falling home prices Houston Chronicle
all 2 news articles
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Texas leads nation in FHA-backed home loans 2:52 PM CT (Dallas Morning News)
Texas leads the country in the volume of home loans insured by the Federal Housing Administration. And Fort Worth and Dallas have some of the highest volumes in the country, FHA Commissioner Brian Montgomery said Thursday...

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Ask the Experts: Pay down mortgage or add to 401(k)? - Sacramento Bee

Ask the Experts: Pay down mortgage or add to 401(k)?
Sacramento Bee,  USA - Jun 22, 2008
A: Having "no home mortgage" has been ingrained in our minds forever. Owning your home free and clear was a significant accomplishment, a goal that implied .
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Bridal gown? Caterer? How about a mortgage? (New London Day)
Long Island, N.Y. - As they seek ways to offset the downturn in home sales, real estate and mortgage brokers have recently started courting first-time..

Sub-prime Litigation Faced by Mortgage Lenders in Bankruptcy - International Law Office

Sub-prime Litigation Faced by Mortgage Lenders in Bankruptcy
International Law Office, UK - Jun 21, 2008
In Morgan Stanley Capital Holdings v American Home Mortgage Corp Morgan Stanley said it purchased more than $519 million in loans originated by American .
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BusinessWise briefs - Cincinnati Enquirer

BusinessWise briefs
Cincinnati Enquirer, OH - 1 hour ago
If you itemize deductions, you are generally able to deduct points you pay to obtain a home mortgage when you purchase your home. .
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NEWS FROM HOME - Arizona Daily Star

NEWS FROM HOME
Arizona Daily Star, AZ - Jun 22, 2008
"The hundreds of millions of dollars of fraud, particularly home-mortgage fraud, that we're seeing around the country not only damages financial .
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