Archive for October, 2007
« Previous Entries Next Entries »National Association of Mortgage Brokers Blasts HUD’s New RESPA Proposal
Wednesday, October 31st, 2007The president elect of the National Association of Mortgage Brokers says the Department of Housing and Urban Development does “not care about true simplification” of the Real Estate Settlement Procedures Act, and he vowed to vehemently oppose HUD’s latest RESPA proposal. (…)
This Day In America October 31
Wednesday, October 31st, 2007On Today’s date in 1517, Martin Luther posted the 95 Theses on the door of the Wittenberg Palace church, marking the start of the Protestant Reformation in Germany. (…)
Texas Builder Pleads Guilty to Straw Borrower Scheme
Wednesday, October 31st, 2007Les Tarrance Sr., Montgomery County business owner, pled guilty to conspiracy to commit mail and wire fraud after orchestrating an elaborate scam with two co-conspirators to defraud mortgage companies across the country out of more than $11 million.&nb…
Former Officer Forges Signature to Obtain Loan
Wednesday, October 31st, 2007D’Clarence Reynolds, 27, Detroit, Michigan, has been charged with three mortgage fraud based felonies. Specifically, Reynolds is charged with forgery, false pretenses, uttering and publishing. According to media reports, Reynolds was …
Embattled Merrill Lynch CEO Retires
Wednesday, October 31st, 2007Former Merrill Lynch CEO Stan O’Neal was forced to retire Tuesday by board he mostly picked.
Vegas Expects Wealth Of Development In 2008
Tuesday, October 30th, 2007Development is the buzzword for Las Vegas in 2008.
O’Neal is History and Merrill Lynch is Sued
Tuesday, October 30th, 2007As was widely expected on Monday, Merrill Lynch &
Company Tuesday morning announced the “immediate retirement” of
Stan O’Neal as the company’s Chief Executive Officer.
In other news, an investor lawsuit has been filed
against Merrill Lynch & Co contending that the company issued false and
misleading statements regarding its exposure to risky mortgage
investments, the plaintiffs’ lawyers said on Tuesday.
Quote of the Day
Tuesday, October 30th, 2007“Whatever we expect with confidence
becomes our own self-fulfilling prophecy.”
–
Brian Tracy, Author
mortgage news
Man Sentenced For Selling Non-Existent Or Partial Houses
Tuesday, October 30th, 2007Jeffery Alan Teague, a/k/a ”Jeffrey Allen Bryant,” 49, Atlanta, Georgia, formerly of Montgomery and Prince Georges County, Maryland, was sentenced on charges relating to two builder-based mortgage fraud schemes involving $15 million in frau…
Kansas Mortgage Fraud and Conspiracy Trial Postponed
Tuesday, October 30th, 2007Trial in the case against F. Jeffrey Miller has been postponed due to its complexity. The Judge has not yet set a new trial date. Miller, a developer, and his co-conspirators in Kansas were indicted for an alleged scheme involving the sale of homes con…
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