Mortgage and Financial News From 2007-10-4 Page 19

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  • Mortgage applications down 2.7% last week (San Jose Mercury News)

    WASHINGTON (AP) - Mortgage application volume declined 2.7 percent for the week ending Sept. 28, despite a drop in interest rates, according to the Mortgage Bankers Association's weekly application survey.
    2007-10-04 02:21:55

  • Bankrate: Mortgage Rates Move Lower (PR Newswire via Yahoo! Finance)

    Fixed mortgage rates declined, with the average conforming 30-year fixed mortgage rate falling to 6.42 percent. According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.36 discount and origination points.
    2007-10-04 04:30:00

  • Mortgage rates down again this week (Bankrate.com via Yahoo! Finance)

    Mortgage rates fell this week on signs that the housing economy continues to stall and inflation poses little threat.
    2007-10-04 03:00:00

  • Home sales subject to new laws

    Jacksonville Business Journal - Under Senate Bill 1824, powers have expanded for law enforcement to combat mortgage fraud, officials with the Florida Association of Realtors said. That includes any errors made in the lending process that could be tied to an intent to defraud. Also ...
    2007-09-30 05:57:00

  • 2 charged in drug-trade killings

    Milwaukee Journal Sentinel - Bodies under concrete linked to group also suspected in robberies, mortgage fraud By DERRICK NUNNALLY dnunnally@journalsentinel.com Posted: Oct. 3, 2007 Kidnapping. Armed robbery. Drug dealing. Mortgage fraud. And now, two murders. The "Body Snatchers ...
    2007-10-02 05:54:00

  • Breaking News: Amico's Take Plea Deal

    13 WHAM - Rochester, N.Y. - Robert and Richard Amico have pleaded guilty to a $58 million mortgage fraud scheme. Their convictions had been overturned earlier this year. Robert Amico pleaded guilty to two counts, continuing criminal enterprise, and conspiracy ...
    2007-10-03 11:34:00

  • Florez calls Kern 'hotbed' of mortgage meltdown

    Bakersfield Californian - A wide-ranging housing forum hosted by Sen. Dean Florez, D-Shafter, on Wednesday touched on everything from mortgage fraud to unscrupulous "rescue firms" preying on borrowers in financial trouble to the confusion faced by homeowners at risk of ...
    2007-10-02 05:54:00

  • Editorial: Mortgage fraud

    Naples Daily News - How often have we heard a defense attorney argue for a client’s innocence, usually in construction fraud cases, by saying he or she did not mean to take people’s money and not deliver the goods or services? The client, the lawyer says, is merely ...
    2007-10-03 05:17:00

  • State banking dept. offering free review of your mortgage

    Fosters Daily Democrat - The staff will explain the adjustment process outlined in the loan documents and estimate what the new payment would be if the mortgage were to reset today. Staff will also review documents for signs of fraud and assist consumers in filling out ...
    2007-10-04 05:06:00

  • Amicos plead guilty in fraud case (Rochester Democrat and Chronicle)

    Two brothers admitted Wednesday that they bilked mortgage lenders through an elaborate fraud scheme that authorities maintained was the largest of its kind in western New York history.
    2007-10-04 02:54:09

  • Brothers plead guilty to mortgage fraud (WSTM-TV NBC 3)

    ROCHESTER, N.Y. (AP) - Two brothers whose convictions for running a mortgage scheme were recently overturned pleaded guilty today to mortgage fraud to avoid a new trial.
    2007-10-03 06:36:20

  • Plea deals in largest mortgage fraud scheme in WNY (WROC Rochester)

    Guilty pleas Wednesday from two brothers embattled in one of the largest mortgage fraud schemes in Western New York history. Bobby and Richard Amico left federal court and they'll be back in January for sentencing.
    2007-10-03 03:31:23

  • Brothers plead guilty to mortgage fraud (WCAX-TV Vermont)

    Associated Press - October 3, 2007 9:05 PM ET ROCHESTER, N.Y. (AP) - Two brothers whose convictions for running a mortgage scheme were recently overturned pleaded guilty today to mortgage fraud...
    2007-10-03 06:15:06

  • Brothers plead guilty to mortgage fraud (The Post-Star)

    ROCHESTER, N.Y. - Two brothers whose convictions for running a mortgage scheme in suburban Rochester were recently overturned pleaded guilty Wednesday to mortgage fraud to avoid a new trial.
    2007-10-03 11:30:59

  • Government-backed mortgages return

    Nashville Tennessean - Interest in government loan programs — including FHA — is rising across the country as the amount of creative lending arrangements has shrunk and some mortgage companies have gone out of business. After years of liberal standards that got private ...
    2007-10-03 11:58:00

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