Mortgage and Financial News From 2007-10-26 Page 25
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Noll pleads guilty to fraud in real estate scheme
St. Louis Business Journal - Michael Noll pleaded guilty to wire and mail fraud charges in connection with a million dollar mortgage fraud scheme involving Floyd Irons and John Mineo Jr., U.S. Attorney Catherine Hanaway said Wednesday. Irons, the former Vashon High School ...
2007-10-25 11:43:00 -
Appraiser testifies about inflated price for Shields’ home
Kansas City Star - Two appraisers valued the Kansas City home of Katheryn Shields and Philip Cardarella at $1.2 million, about $500,000 more than its listed sales price. One of them was working with the FBI. The other later was charged with mortgage fraud conspiracy ...
2007-10-25 12:19:00 -
Jeremy Duda - DAILY HERALD
Daily Herald - Utah ranks as one of the biggest hot spots in the country for mortgage fraud and several high-profile cases have brought recent attention to the issues. To help combat the problem, state and federal officials announced a new task force that will ...
2007-10-26 12:01:00 -
Karma: +453/-1065
Daily Herald - Utah ranks as one of the biggest hot spots in the country for mortgage fraud and several high-profile cases have brought recent attention to the issues. To help combat the problem, state and federal officials announced a new task force that will ...
2007-10-26 12:01:00 -
Mortgage fraud probe widens
Record - SACRAMENTO - A federal probe into an alleged mortgage fraud scheme in Stockton widened Thursday as another man was indicted on charges he took part in a ring that illegally flipped more than 100 homes, the U.S. Attorneys Office announced. Jose ...
2007-10-25 11:54:00 -
Hong Kong shares close higher with main index above 30,000 points ...
Forbes - Lower rates mean cheaper mortgage loans which in turn will fuel demand for homes and drive up sales at property companies. Also, a record shortage in supply of completed residential projects has put upward pressure on prices. Major property agents in ...
2007-10-26 03:43:00 -
Noll pleads guilty to fraud in real estate scheme (BizJournals)
Michael Noll pleaded guilty to wire and mail fraud charges in connection with a million dollar mortgage fraud scheme involving Floyd Irons and John Mineo Jr., U.S. Attorney Catherine Hanaway said Wednesday.
2007-10-25 12:30:46 -
BofA to exit wholesale mortgage business
CNN Money - Latest Rates Active Companies Stock Price Increases Stock Price Decreases Earnings: Reports & Estimates Hot Stocks Stock Spotlight ... In addition to scaling back its investment banking operations, Bank of America Corp. is exiting the wholesale mortgage ...
2007-10-25 03:11:00 -
U.S. Stock-Index Futures Fall; Coca-Cola, P&G, Amazon.com Drop
Bloomberg - U.S. stocks fell for a second day yesterday, led by American International Group Inc. and Merrill Lynch & Co. on concern financial companies face more credit-market losses stemming from subprime-mortgage loans. The confidence report today may help ...
2007-10-26 03:14:00 -
Targeting mortgage fraud (Deseret Morning News)
Despite all of the shining features this state has to offer, there's one blemish to Utah's gleaming image that Utah's governor and U.S. attorney would like to rub out: mortgage fraud.
2007-10-25 11:32:31 -
Paulson 'handcuffed' by White House
MSN MoneyCentral - Congressional Democrats are pressing for Fannie Mae and Freddie Mac, the government-sponsored mortgage companies, to be given a bigger role in helping struggling borrowers refinance mortgages. However, the proposal is opposed by the administration ...
2007-10-25 02:35:00 -
Utah announces mortgage fraud task force (Provo Daily Herald)
Utah ranks as one of the biggest hot spots in the country for mortgage fraud and several high-profile cases have brought recent attention to the issues. To help combat the problem, state and federal officials announced a new task force that will target mortgage fraud schemes. Gov.
2007-10-26 12:24:26 -
Merrill CEO may be on way out
CNN Money - Latest Rates Active Companies Stock Price Increases Stock Price Decreases Earnings: Reports & Estimates Hot Stocks Stock Spotlight ... feeling the pressure after the bank took a massive $7.9 billion writedown in the third quarter related to bad mortgage bets ...
2007-10-26 02:24:00 -
U.S. Congress Warns Of Mortgage Catastrophe
Free Internet Press - The joint committee yesterday called on the White House to amend the bankruptcy code to allow homeowners to seek protection from mortgage companies and to legislate to ban predatory lending. A leading Democratic congressman, Barney Frank, wants to ...
2007-10-25 09:52:00 -
STILL FALLING
New York Post - But the plan is meeting stiff resistance from lawmakers who are wary of bailing out irresponsible mortgage companies. Earlier this week, Mozilo announced a plan to modify $16 billion in mortgages to homeowners who would otherwise default because of ...
2007-10-26 02:17:00