Mortgage and Financial News From 2007-8-23 Page 15

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• Mortgage Loss

  Fox 6 - Mortgage Fraud   6/12/07 A wave of mortgage fraud may be affecting the value of homes in your neighborhood and making it more expensive for you to borrow money. John Mattes takes a look at one man hunting the con artists.
  2007-08-22 03:06:00

• Nine indicted in mortgage-fraud scheme

  Columbus Dispatch - Nine people have been charged in federal court in a mortgage scheme that included more than 500 pieces of property and $25 million in loans. The indictments were secretly handed down yesterday and filed in U.S. District Court today. The indictments ...
  2007-08-23 12:39:00

• Gangs Find New Source of Revenue: Mortgage Fraud

  NPR News - All Things Considered , August 22, 2007 · The housing boom of recent years has turned mortgage fraud into a big business — so big that some of the nation's largest gangs are getting into the act. It is hard to get precise numbers on just how much ...
  2007-08-22 09:04:00

• Real Estate Pros Probed in Mortgage Fraud (News10 Sacramento)

  The FBI has questioned a number of real estate professionals linked to fraudulent transactions involving a Stockton man arrested last week.
  2007-08-22 08:21:32

• Nine indicted in central Ohio mortgage fraud scheme (FOX 45 Dayton)

  COLUMBUS, Ohio (AP) -- Nine people are accused in a $25 million mortgage fraud scheme in central Ohio.
  2007-08-22 10:40:56

• Nine indicted in central Ohio mortgage fraud scheme (WFMJ Youngstown)

  COLUMBUS, Ohio (AP) - Nine people are accused in a $25 million mortgage fraud scheme in central Ohio. Authorities in Columbus today say the people exaggerated the value of more than 500 real estate properties to mortgage lenders and prospective buyers.
  2007-08-22 10:42:10

• 9 Indicted in Mortgage Fraud Scheme (AP via Yahoo! Finance)

  Nine people have been accused in a $25 million mortgage fraud scheme in which the value of more than 500 real estate properties in central Ohio was exaggerated to mortgage lenders and to prospective buyers, authorities said Wednesday.
  2007-08-22 08:19:47

• Gangs Find New Source of Revenue: Mortgage Fraud (NPR)

  The housing boom of recent years has turned mortgage fraud into a big business -- so big that some of the nation's largest gangs are getting into the act. They are searching for new ways to launder drug-dealing and gun-selling money.
  2007-08-22 10:22:41

• SCOTT BURNS

  Dallas Morning News - Question: I am a single woman, 60 years old. My financial adviser is strongly urging me to buy long-term care insurance. My mortgage is paid off. My present home value is $325,000. My investments and retirement portfolio stand at $350,000. My income ...
  2007-08-23 04:06:00

• Radian Responds to MGIC's Lawsuit

  MSN MoneyCentral - ... customer with whom Radian has a concentration of its insurance in force or the influence of large customers; increased severity or frequency of losses associated with certain Radian products that are riskier than traditional mortgage insurance and ...
  2007-08-21 12:51:00

• NEW JOBS

  Des Moines Register - Carrie Burns has joined CSB Insurance Group as a personal lines agent. Burns previously worked for F & M Insurance as an insurance agent and at Allied Insurance as an underwriter. First American Bank Home Mortgage has announced the following three ...
  2007-08-23 08:52:00

• Bloodbath Beckons on Wall Street

  Street.Com - News & Analysis : Business & Insurance Update ... The layoffs have begun, though so far they have been mostly confined to the investment bank mortgage desks that were so ...
  2007-08-23 09:57:00

• Should You Buy It: Genworth Not Worth Risk

  Street.Com - The company was carved out of General Electric ( GE - Cramer's Take - Stockpickr ) in 2004, and the recent weakness in Genworth shares is a result of its exposure to the subprime mortgage conundrum. In addition to its mortgage insurance business, which ...
  2007-08-23 10:04:00

• Mortgage defaults cause profits at financial institutions to fall (The Kansas City Star)

  WASHINGTON | Surging mortgage defaults whacked U.S. banks and thrifts in the second quarter.
  2007-08-23 03:37:52

• TFN NEWS BRIEFING: Banking and insurance highlights to 09:15 BST (Sharewatch)

  2007-08-23 09:08:00 ASEAN officials say their countries not threatened by credit concerns MANILA (Thomson Financial) - The fallout from the problems in the US subprime mortgage market, which caused stocks to tumble worldwide, remains manageable, officials of the Association of Southeast Asian Nations said Thursday.
  2007-08-23 08:26:28

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