FBI Could Arrest Hundreds For Mortgage Fraud This week the the FBI could arrest hundreds for mortgage fraud. Charges are expected to be leveled over offenses ranging from pushing borrowers to lie about their income on mortgage applications to providing homeowners with false information about foreclosure rescue programs, the newspaper said. How Analysts Will Research
Consumer Sentiment
Six More Bank Failures & Other FDIC Actions A high school fencing teacher had an affair with one of his female students. The whole situation was very sworded. I don’t know if anyone likes to think of their mortgage company engaging in sordid affairs, but I pity anyone who finds their company on this FDIC
Six More Bank Failures & Other FDIC Actions A high school fencing teacher had an affair with one of his female students. The whole situation was very sworded. I don’t know if anyone likes to think of their mortgage company engaging in sordid affairs, but I pity anyone who finds their company on this FDIC
I am very excited, because last night I received news that I had won $5 million in the Netherlands lotto! Unfortunately I will receive $5 a year for a million years… Seriously, not a day goes by that I don’t receive some e-mail like, “Wherein your email address emerged as one of the online Winning
US Bank Expansion, CIT Bankruptcy What do Bank USA, National Association of Phoenix; California National Bank of Los Angeles; San Diego National Bank; Pacific National Bank of San Francisco; Park National Bank of Chicago; Community Bank of Lemont, Illinois; North Houston Bank; Madisonville State Bank of Madisonville, Texas; and Citizens National Bank, of Teague, Texas
US Bank Expansion, CIT Bankruptcy What do Bank USA, National Association of Phoenix; California National Bank of Los Angeles; San Diego National Bank; Pacific National Bank of San Francisco; Park National Bank of Chicago; Community Bank of Lemont, Illinois; North Houston Bank; Madisonville State Bank of Madisonville, Texas; and Citizens National Bank, of Teague, Texas
One week ago the Personal Income & Outlays report came out showing that consumers have been making a bit more and saving quite a bit more—we’re actually saving the most since records started 50 years ago. Of course this affects spending and as you can see from the charts below, spending has been anemic in
I want to warn people from Nigeria that if you get any e-mails from Washington DC asking for money, it’s a scam. Don’t fall for it! Or maybe from Charlotte, North Carolina. It’s been a while since I have seen anyone use the word “hoodwinked” in a sentence, but this reporter did in describing a
Market Roundup Before we launch into the plethora of investor updates, let’s take a look at the market. With the absence of any bond-market news, the focus continues to be on stocks. Asian stocks rallied last night back to levels last seen in October. To many, in spite of the poor earnings results by many
One-Month T-Bill Yields Negative Again I called up the US Treasury yesterday to ask them how much they’d pay me to loan them money (e.g., buy a Treasury security) for a month. They replied, “Not only will we not pay you any interest, but you’ll pay us interest to loan us your money!” A novel
The economy is not good. I’ll tell you how bad the economy is. I was in Beverly Hills yesterday, and I saw a guy driving an American car! All CA Lenders Must Have License # On Card If you’re located in California, be prepared to order new business cards for everyone. Starting on July 1st
My 16-yr old, who is preparing for the SAT tests, was (coincidentally?) reading an article the other day titled, “Six-Figure Jobs You Don’t Need A College Degree For.” After ending their title sentence in a preposition, the article goes on to talk about air traffic controllers, construction workers, plumbers, ultrasound technicians, “locomotive engineer”, and of
With lots of time on my hands, I decided to start a mink farm. Of course, I could never kill one of them, but letting them lose in the neighborhood – one per week – appeals to me. The first steps include acquiring knowledge of the mink, including life cycle, breeding cycles, vaccinations, and nutritional
Bank-to-Bank Rates OK, Consumer Rates Higher When I moved away from home, I quickly learned that the best way to clean a floor was to get a dog and then occasionally sprinkle meat juice around the kitchen. The dog, of course, would lick the floor, and voila! Sometimes the bond market seems to be doing
Halfway done with August already? I know that autumn is near since the clothing in the center aisle of Costco indicates that shorts and t-shirts have given way to slacks and sweaters. It also means the end of summer vacations for many people – who have children – in the mortgage and mortgage securities business,
STATE OF MORTGAGE BANKING Parent’s like to think that their son or daughter might go into the same profession in which they work. I got my son’s report card in the mail on Saturday, and three teachers had written comments about him. They were, “Since my last report, your child has reached rock bottom and
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