Mortgage and Financial News From 2008-7-28 Page 5
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FHLBank 2Q earnings down, activity up (BizJournals)
Lower short-term interest rates sent Federal Home Loan Bank of Cincinnati’s second-quarter profits down, but the bank’s two main lines of business grew during the quarter.
2008-07-28 01:18:12 -
Banking and Financial (Mondaq)
Seldom is an entire industry defined by default but in the case of the "alternative investment" industry this has proven true for nearly 60 years.
2008-07-28 01:19:38 -
Banking and Financial (Mondaq)
Part 1 of this two-part series addressed the history of hedge funds and how they have evolved over time due to significant economic events.
2008-07-28 01:19:58 -
First Advantage profit falls on restructuring charge (Business Journal of Tampa Bay)
First Advantage Corp. reported net income of $12.4 million, or 21 cents a share, for the second quarter ended June 30, compared to net income of $18.3 million, or 31 cents a share, for the year-ago period. (FADV)
2008-07-28 02:18:19 -
Can Scotland escape the worst? (The Herald)
It has been like a light being switched off", explained Alan Wilson. Since the turn of the year the head of the body representing the plumbing industry in Scotland reckons several hundred members of his trade have been laid off as the economic squeeze hits the construction sector.
2008-07-28 02:39:13 -
MISSING: Mortgage jobs (The Arizona Republic)
As lenders continue to downsize or close, loan professionals are turning to staffing agencies to find new jobs, and in many cases explore new careers.
2008-07-28 05:07:32 -
McCain, Obama refocus on economy (WABC-TV New York)
Both candidates turned their focus back to America's wobbly economy.
2008-07-28 05:19:48 -
Boom in fraud … and there's worse to come as credit crunch bites - Scotsman
FRAUD cases totalling more than £22 million have come before Scottish courts in the last six months – and homeowners and bank customers are being warned the credit crunch will send white-collar crime soaring further. Investors, banks, businesses ...
2008-07-28 03:55:00 -
Four charged in East Bay $20 million mortgage-loan scheme - Oakland Tribune
Four people have been indicted in connection with a mortgage-fraud scheme that federal prosecutors say landed more than $20 million in bogus loans used to control residential care home facilities for the elderly in Contra Costa and San Mateo counties ...
2008-07-28 03:19:00 -
Sarasota businessmen indicted in $82.8M mortgage fraud scheme - St. Petersburg Times
A Sarasota lawyer and three businessmen, including Larry P. Nardelli of Tampa, were indicted on 47 counts for their roles in an $82.8-million mortgage scheme, the U.S. Attorney's Office said Monday. The men are accused of lying, money laundering and ...
2008-07-28 11:23:00 -
Trio indicted in $82M fraud, money laundering - Herald Tribune
Neil Mohamed Husani — one of Southwest Florida’s most notorious investors during the recent housing boom — has been indicted by the U.S. Attorney’s Office along with three other men in an $82.8 million scheme to defraud seven banks in the ...
2008-07-28 11:44:00 -
Oakland Elder Care Home Owners Face Fraud Charges (CBS 5 Bay Area)
Four owners of residential care homes were arrested Monday after being indicted on charges stemming from an alleged far-reaching mortgage loan fraud scheme, the U.S. Attorney's office announced.
2008-07-28 01:44:08 -
Real Estate Broker Busted for Fraud (FOX 35 Orlando)
Garry Martin was totally silent when he was hauled away to jail Monday afternoon. Orange County detectives say Martin was running an elaborate scheme out of his real estate office, Antigua Realty, off of Semoran Boulevard in Orlando.
2008-07-28 02:45:12 -
Secret deal leaves family facing foreclosure - again. (WOOD TV 8 Grand Rapids)
Jason and Tricia Wise were losing their home on Grand Rapids' northwest side when they got a mailer from a company called Canal Street Financial. Instead, it was a foreclosure scam.
2008-07-28 02:51:10 -
Women await sentencing in mortgage fraud case (Denver Business Journal)
Two Denver-area women have been convicted in a mortgage fraud scheme, officials said Monday.
2008-07-28 03:02:04