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fraud

Seven charged in Indianapolis mortgage fraud scheme

by Jay HammondApril 30, 2009 Foreclosure

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Seven people have been charged with crimes related to nearly $20 million in fraudulent mortgage loans in the U.S. District Court of Indianapolis. The charges, announced  April 30 by Timothy M. Morrison, U.S. Attorney for the Southern District of [...]

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The Blame Game Part V: Transparency

by Jay HammondApril 21, 2009 Bailout

“Stimulus funds need to be infused into the economy as quickly and efficiently as possible in order to stimulate growth,” said David Williams, leader of Deloitte’s Financial Advisory Services practice. “However, the legislative process as well as the public’s desire for transparency surrounding how stimulus funds are allocated do not bode well for getting stimulus [...]

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How not to be a victim of foreclosure fraud

by Jay HammondMarch 31, 2009 Consumer Mortgage Tips

As the number of struggling homeowners facing foreclosure continues to rise, so do the number of unscrupulous individuals and firms will to prey on them.
“A mortgage lender or a financial counselor can assist you in finding real options to avoid foreclosure,” said Sissy Osteen, an Oklahoma State University Cooperative Extension resource management specialist. “If someone [...]

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Afternoon Quickie 03/31/2009

by phillenbrandMarch 31, 2009 We're Reading

Huffington Post - Time for a Grand Inquest on the Financial Crisis
Financial Times - ‘Tarp cop’ launches probes into bail-out fraud
Deal Journal - Evening Reading: Absolute Power at the Treasury?
Calculated Risk - Tiered House Price Indices
Housing Wire - Insured Mortgage Defaults Up 47 Percent: Report

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Afternoon Quickie 03/30/2009

by phillenbrandMarch 30, 2009 We're Reading

Media Channel - Needed: A New Commission To Probe Corporate Crime
RealtyTrac - Frustrated Homeowners Take a Walk
Huffington Post - AIG NAME CHANGE
Rain City Guide - Sunday Night Stats – Snapshot of “bottom”
RealtyTrac - Will Loan Modifications Change With Washington?
Calculated Risk - “My Manhattan Project”

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Morning Quickie 03/30/2009

by phillenbrandMarch 30, 2009 We're Reading

Naked Capitalism - Auto Company Plans Rejected by Task Force
Infectious Greed - Stating the Auto Obvious
Naked Capitalism - Guest Post: The Banks Were Profitable In January And February Thanks To… AIG
Huffington Post - “Let Them Have Stained Carpets” – Obama’s Marie Antoinette Moment
MISH’S Global Economic Trend Analysis - G-20 Targets Hedge Funds, Ignoring Everything Worth Discussing
Financial Times - A new [...]

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Morning Quickie 03/19/2009

by phillenbrandMarch 19, 2009 We're Reading

Mortgage Insider - Early defaults rise on FHA loans
Mish’s Global Economic Trend Analysis - Bonus Bonanza Bingo, a Blessing In Disguise
The Big Picture - Did Naked Shorting Do Lehman In?
Today’s Business Press - Fed’s License To Print Money
Naked Capitalism - On the Fed’s “Shock and Awe”

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Afternoon Quickie 03/10/2009

by phillenbrandMarch 10, 2009 We're Reading

Huffington Post - Dow ends up nearly 380 on Citigroup profit news
Calculated Risk - FDIC’s Bair on “aggregator bank”
Huffington Post - Madoff To Plead Guilty To 11 Counts, Could Mean 150 Years In Prison
Mortgage Insider - Bill proposes consumer watchdog for financial products

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Morning Quickie 03/09/2009

by phillenbrandMarch 9, 2009 We're Reading

Today’s Business Press - World Bank: It’s a Global Recession
Business Insider - Obama Disses Economics Blogs
Financial Times - BofA withdraws job offers to foreign MBAs
Naked Capitalism - Guest Post: More Debt Won’t Rescue the Great American Ponzi
Dr. Housing Bubble - Down Payment Assistance Backdoor to No Money Down? Seller-funded Down Payment Scams. The Government looking to resurrect No Money Down [...]

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