Archive for August, 2008

Woman Pleads Guilty In $4.6M Mortgage Fraud Scheme

Friday, August 29th, 2008

Joyce Davern, 37, Pittsburgh, Pennsylvania, pleaded guilty in federal court to a charge of Wire Fraud Conspiracy before Chief United States District Judge Donetta Ambrose.

In connection with the guilty plea, Assistant United States Attorney Brendan T. Conway advised the court that Davern participated in a large mortgage fraud conspiracy that involved more than 75 loans and more than $4.6 million in loan proceeds.  Davern and other members of …

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Original post by default@goarticles.com (Gemma Stanbury)

Benefits To Refinancing Your Mortgage

Friday, August 29th, 2008

A lot of people don’t really understands what it means to refinance your mortgage, Though it a popular term but it has been greatly misunderstood.Despite the several factors that may influence it, the…

Original post by default@goarticles.com (Edwin Hezron)

What Costs Should You Add Onto Your Mortgage - and What Costs You Should Not

Friday, August 29th, 2008

It’s a known fact that the first couple years of owning a house are the most expensive years. This is especially true of pre-owned houses, where you’re almost guaranteed to need to make some immediate…

Original post by default@goarticles.com (Todd Levinson)

Mortgage Loan Rates - 5 Things Every Borrower Should Know

Friday, August 29th, 2008

Buying a home requires plenty of homework (no pun intended). There are new concepts to grasp, unfamiliar terminology to learn, and plenty of decisions to make along the way.

The mortgage loan…

Original post by default@goarticles.com (Brandon Cornett)

De Facto Owner Of Mortgage Company And Title Agency Charged In Multi-Million Dollar Fraud

Friday, August 29th, 2008

Magile Cruz, a/k/a “Maggie Cruz,” a/k/a “Magile Cruz-Rodriguez,” a/k/a “Magile Araujo,” a/k/a “Ros Rodriguez,” was charged in a multi-million fraud scheme that resulted in more than $24,000,000 in fraudulent mortgage loans, and losses of more than $5,000,000 to lenders.  Cruz was charged with conspiracy to commit mail fraud and wire fraud, in violation of Title 18, United States Code, Section 1349, and with substantive counts of mail and wire fraud, …

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Original post by default@goarticles.com (Gemma Stanbury)

PCE Report Points to Weak Third Quarter, Economists Say

Friday, August 29th, 2008

There were few surprises in the Personal Consumption and Expenditure
(PCE) report released Friday, though economists say the
data all points to weaker third-quarter results.

The personal consumption expenditures (PCE) core deflator, the Federal
Reserve’s preferred measure of inflation, came in line with expectations,
advancing by 0.3% (0.273%) in July, and 2.4% (2.426%) on an annual basis,
the U.S. Department of Commerce reported.

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Original post by Darin

Commercial Mortgage Loans - How Fast Can a Hard Money Lender Close?

Thursday, August 28th, 2008

If you find yourself in a time sensitive situation, and you need a commercial mortgage loan fast, chances are you’ll have to turn to a private commercial mortgage lender, otherwise known as a ‘har…

Original post by default@goarticles.com (Glenn Fydenkevez, President - MasterPlan Capital LLC)

Retailers: Back-to-School Outlook

Thursday, August 28th, 2008

Original post by Admin

Fannie Mae and Freddie Mac: A Damage Report

Thursday, August 28th, 2008

Original post by Admin

Types of mortgage

Thursday, August 28th, 2008

Fixed rate mortgage
The main negative feature of a fixed rate mortgage, is that is the Bank of England lowers the interest rates then, your monthly repayments will not change, that is until the end o…

Original post by default@goarticles.com (David Field)