Mortgage and Financial News From 2008-5-21 Page 19

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• The high cost of a green dream (Money via Yahoo! Finance)

  As a girl in South Korea, HyoJung Kim did her schoolwork on brownish-gray recycled paper and rarely threw things away because government-mandated garbage bags cost $1 apiece.
  2008-05-21 12:09:00

• Mortgage fraud inquiry leads to grow house bust in Indian River ... - Fort Pierce Tribune

  ST. LUCIE COUNTY — A mortgage fraud probe led to a marijuana grow house bust in the Indian River Estates community, netting 75 pot plants and one arrest. Daniel Padron, 30, faces five felony charges after St. Lucie County Sheriff's investigators ...
  2008-05-20 07:40:00

• Interthinx(R) Offers Robust Analytics to Detect Mortgage Loan Occupancy Fraud and Undisclosed Properties (Marketwire via Yahoo! Finance)

  Interthinx®, Inc., the leading provider of proven risk mitigation, mortgage fraud prevention, and regulatory compliance tools for the mortgage industry, announces a new module available through FraudGUARD® to identify and manage potential occupancy and ownership misrepresentations in loan files.
  2008-05-21 06:00:00

• MAIL ONLINE (Daily Mail)

  One of Britain's most highly-regarded cosmetic surgeons has died aged 42. Martin Kelly, the husband of actress Natascha McElhone, was found slumped on the doorstep.
  2008-05-21 06:13:46

• Troubled homeowners resort to setting houses on fire (KTAR 92.3 Phoenix)

  A disturbing trend is emerging from the mortgage meltdown: Some people are actually resorting to setting their houses on fire. Christofer Pereyra, an agent with Farmers Insurance in Phoenix, said the trend is happening mostly in the Midwest and Southwest, also in California.
  2008-05-21 08:15:01

• 11 Charged In $14 Million Mortgage-Fraud Scheme In New York City (Nasdaq)

  Eleven people have been indicted for their alleged participation in a scheme to defraud mortgage companies and banks of more than $14 million by having straw buyers purchase homes.
  2008-05-21 08:23:59

• Eleven indicted in "straw buyer" mortgage scheme (Reuters)

  NEW YORK (Reuters) - Eleven people accused of participating in a $14 million mortgage fraud scheme were indicted in Federal court in Brooklyn on Wednesday, the U.S. attorney's office said.
  2008-05-21 08:25:33

• FBI Says Mortgage Fraud up 31% in 2007, 200 Agents Working on Cases (BuildingOnline)

  The Federal Bureau of Investigation Revealed last week that mortgage fraud cases increased 31 percent to 46,717 in 2007. It said mortgage fraud was most concentrated in the north-central region of the United States.
  2008-05-21 11:05:47

• Experian boss says crunch 'moving from Wall Street to Main Street' (Guardian Unlimited)

  Credit rating firm's chief executive Don Robert says there is a risk that the much bigger problems facing US households could cross the Atlantic to the UK. By Julia Finch
  2008-05-21 11:26:45

• Live Webcast Event: Money-SavingTips (FOX 61 Chattanooga)

  MyFoxHouston is hosting a webcast today from 2-5 p.m. ET called "Stretching Your Dollar." The webcast will feature segments on gas and groceries.
  2008-05-21 11:53:25

• Freddie Mac "generally supportive" of legislation - Reuters

  NEW YORK (Reuters) - Freddie Mac is "generally supportive" of housing rescue legislation working its way through Congress, the chief financial officer of the federally chartered home funding company said on Tuesday. A U.S. Senate banking panel on ...
  2008-05-20 10:43:00

• For Many Olympic Families, the Dream Is Proving Costly - New York Times

  Peter Fekete is about to retire from his job as a maintenance machinist at a General Motors plant in Wilmington, Del. His wife, Irene, is an administrative assistant at a pharmaceutical company. In any other year, a family trip to China would be out ...
  2008-05-21 07:43:00

• Regions Financial Scheduled to Participate in the Sanford C. Bernstein ... - MSN MoneyCentral

  Regions Financial Corporation is a member of the S&P 100 Index and Forbes Magazine's "Platinum 400" list of America's best big companies. With $144 billion in assets, Regions is one of the nation's largest full-service providers of consumer and ...
  2008-05-21 05:48:00

• Free forum in Willingboro on dealing with mortgage problems - Courier-Post

  The Department of Banking and Insurance will hold a forum on Foreclosure and Predatory Lending on Thursday, May 22 in Willingboro to offer assistance to homeowners who have recently experienced difficulty in making their mortgage payments. The forum ...
  2008-05-21 04:29:00

• Mortgage defaults up in first quarter - News.com.au

  But the credit ratings agency said the delinquency levels were still low by international standards. In its first quarter report on the performance of the Australian residential mortgage market, Fitch said 30-plus day delinquencies increased to 1.31 ...
  2008-05-19 11:01:00

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