Mortgage
Mortgage Aid News
Mortgage Aid News
Archive for: May, 2010

FBI agent charged with ripping off mortgage company

FBI agent charged with ripping off mortgage company

SPECIAL AGENT DARIN LEE MCALLISTER INDICTED FOR FRAUD CHATTANOOGA, Tenn – Darin Lee McAllister, a Special Agent employed by the Federal Bureau of Investigation in Nashville, Tennessee, was indicted yesterday by a grand jury sitting in Nashville, Tennessee. This indictment was announced by United States AttorneyJames R. Dedrick, United States Attorney for the Eastern District [...]

Loophole in State Law Allows Banks to Sue Foreclosed Borrowers for the Difference Between the Mortgage and the Property Value

Loophole in State Law Allows Banks to Sue Foreclosed Borrowers for the Difference Between the Mortgage and the Property Value

CALIFORNIA ASSOCIATION OF REALTORS® Issues Alert to Warn Consumers About Liability Associated With Refinanced Mortgages Loophole in State Law Allows Banks to Sue Foreclosed Borrowers for the Difference Between the Mortgage and the Property Value LOS ANGELES, CA–(Marketwire – May 18, 2010) –  Facing the possibility of foreclosure, California homeowners may be hit with more [...]

Four Arrested, Five Wanted for Fleecing Hundreds of Homeowners Seeking Foreclosure Relief

Four Arrested, Five Wanted for Fleecing Hundreds of Homeowners Seeking Foreclosure Relief

Four Arrested, Five Wanted for Fleecing Hundreds of Homeowners Seeking Foreclosure Relief **NOTE: Contact information for victims willing to speak with the press is available upon request** LOS ANGELES – Attorney General Edmund G. Brown Jr. today announced that nine men engaged in a Southern California boiler room, tricked out in high-roller style with a [...]

Housing Starts Up 5.8%, While Permits Plunge 11.5%

Housing Starts Up 5.8%, While Permits Plunge 11.5%

U.S. housing starts touched a 1-1/2 year high in April, but a drop in permits to a six-month low suggested housing market recovery will remain slow. Housing starts rose 5.8% to a seasonally adjusted annual rate of 672,000 units, the Commerce Department said on Tuesday, likely supported by the looming expiry of a home buyer [...]

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