http://finance.einnews.com/news/mortgage-scamConstantly updated news and information about finance industry. http://finance.einnews.com/news.php?wid=179380044 20 Jul 2008 09:16 GMT ... Freddie Mac, the two war-horses of the mortgage industry, that currently underwrite nearly 80 per ... of confidence to irresponsible lending and outright fraud. This confidence game led them to guarantee ... issued to institutional investors." It was a scam of Biblical proportions and now it is ... http://finance.einnews.com/news.php?wid=179379526 20 Jul 2008 09:13 GMT ... quoted have suggested that job losses, unpayable mortgages and homes dropping in value have caused ... of violence against one's neighbor, including his property. That, appropriately, is in the fiery part ... who commit cold and calculated sins of fraud and betrayal are frozen alive.) More than ... http://finance.einnews.com/news.php?wid=179379126 20 Jul 2008 08:59 GMT ... empty condos and houses as foreclosures and mortgage fraud reach mind-boggling levels. Schools, already an embarrassment, ... immediate end. People will still settle here. Real estate will recover eventually -- the crunch may ... http://finance.einnews.com/news.php?wid=179379020 20 Jul 2008 08:52 GMT ... but who could avoid foreclosure if their mortgage balances and interest rates were significantly reduced. ... of the current market value of the property, not the value of the house when ... and have never been convicted of a fraud. Agree to use and occupy the refinanced ... http://finance.einnews.com/news.php?wid=179378293 20 Jul 2008 08:28 GMT ... initiatives -- including revamping federal oversight of mortgage giants -- the centerpiece is a $300 ... of the current market value of the property, not the value of the house when ... and have never been convicted of a fraud. Anyone who lies on their application will ... http://finance.einnews.com/news.php?wid=179376621 20 Jul 2008 07:53 GMT ... initiatives including revamping federal oversight of mortgage giants Fannie Mae and Freddie Mac ... of the current market value of the property, not the value of the house when ... and have never been convicted of a fraud. Anyone who lies on their application will ... http://finance.einnews.com/news.php?wid=179376129 20 Jul 2008 07:36 GMT ... At least 20 Florida mortgage brokers maintained their licenses even after committing ... no mention of her arrests for mortgage fraud and grand theft. But regulators raised two ... lawyer to steal the equity from foreclosed properties, court records show. While awaiting trial, she ... http://finance.einnews.com/news.php?wid=179376128 20 Jul 2008 07:36 GMT ... on his door and offered a new mortgage that would cut his monthly house payment ... financial survival, who suffered as the state's mortgage-fraud rate became the nation's highest. At least ... for almost a year, long enough to scam more than $1 million from 12 other ... http://finance.einnews.com/news.php?wid=179376124 20 Jul 2008 07:36 GMT ... schools bleeding red; the real-estate bust; a mortgage-fraud crisis; the evaporating water in Lake Okeechobee, ... River of Grass. Whopper insurance bills, crushing property taxes. Working people and retirees are being ... http://finance.einnews.com/news.php?wid=179376123 20 Jul 2008 07:36 GMT ... out of federal prison and into the mortgage business, he took a gamble. He admitted ... Almeida was stealing from clients, allowing his scam to thrive until police threw him into ... Confronted with a growing epidemic of mortgage fraud -- Florida now has the highest rate ... http://finance.einnews.com/news.php?wid=179375613 20 Jul 2008 07:32 GMT ... but who could avoid foreclosure if their mortgage balances and interest rates were significantly reduced. ... issues with holders of second liens on properties — typically banks who've extended equity credit ... and have never been convicted of a fraud. Anyone who lies on their application will ... http://finance.einnews.com/news.php?wid=179375408 20 Jul 2008 07:32 GMT ... of the country to withstand the current mortgage crisis and downturn in the economy, according ... England average is 8 percent. During the real estate boon that crested in the early 1990s, ... failure caused by bad loans and massive fraud. Carusone said New England banks have learned ... http://finance.einnews.com/news.php?wid=179375216 20 Jul 2008 07:31 GMT ... initiatives -- including revamping federal oversight of mortgage giants Fannie Mae and Freddie Mac -- ... of the current market value of the property, not the value of the house when ... they have never been convicted of a fraud. Anyone who lies on their application will ... http://finance.einnews.com/news.php?wid=179373170 20 Jul 2008 06:56 GMT ... guilty last week of 16 counts of mortgage fraud and witness tampering. From June 1998 through ... a scheme to fraudulently obtain money and property from mortgage companies that funded federally insured ... http://finance.einnews.com/news.php?wid=179369363 20 Jul 2008 06:16 GMT ... sentenced to nine years in prison for fraud and ordered to pay $13.4 million in ... of the downturn that hit the residential real estate market? a. 25 percent; b. 50 percent; ... Wisconsin banks generally stayed away from subprime mortgage lending. As a result, the state's overall ...