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Fairfield attorney convicted in $2.5M bank fraud
Newsday - Prosecutors said he received about $1.2 million from the bank in October 2004 as part of the transactions and converted them to his own use rather than repay the mortgage loans. He eventually repaid the bank $469,000 but has not repaid the balance
Source: www.newsday.com

ECC Capital Corporation Announces Fiscal Year 2006 Cash Dividend of $0
MSN MoneyCentral - IRVINE, Calif., Dec. 22 /PRNewswire-FirstCall/ — ECC Capital Corporation ECR , a mortgage finance real estate investment trust (REIT) that originates and invests in residential mortgage loans, announced today that its Board of Directors has declared
Source: news.moneycentral.msn.com

Peter Boutell, Lending a Hand: A Christmas present for homeowners
Santa Cruz Sentinel - obtained mortgages over the past few years and chose intermediate ARMs that carried fixed rates for the first two to five years may be wondering what they are going to do about their mortgage when their Cinderella period is over because these loans
Source: www.santacruzsentinel.com

These homes were lost and that’s just the beginning
Pioneer Press - Johnson and Davis both point the finger at lenders and mortgage brokers they say have aggressively marketed exotic and expensive subprime mortgage loans higher-interest-rate loans made to people with tarnished credit. Two University of Minnesota
Source: www.twincities.com

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This entry was posted on Sunday, December 24th, 2006 at 10:40 pm and is filed under Online Mortgage Tips. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.