Mortgage fraud rise and new hotspot Rhode Island
A Mortgage Asset Research Institute study reports a 26 percent rise in mortgage fraud cases last year amid tighter lending standards and a recession. Rhode Island appears as the nation's top fraud hotspot as foreclosures and unscrupulous lenders target distressed borrowers.
MENTIONED IN THIS ARTICLE
Washington, D.C
Rhode Island
Mortgage Asset Research Institute
Inside Mortgage Finance
Jennifer Butts
States with the highest mortgage fraud rates last year
The Mortgage Asset Research Institute lists Rhode Island Florida Illinois Georgia Maryland New York Michigan California Missouri and Colorado as the top ten states for mortgage fraud last year. Inflationary appraisals led in Rhode Island while mortgage application fraud predominated in the other nine states.
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Rhode Island
Florida
Illinois
Georgia
Maryland
New York
Michigan
California
Missouri
Colorado
Mortgage Asset Research Institute
Denise James
Lexis- Nexis
Mortgage Research Institute
Fannie Mae
Freddie Mac
Steven Cayonete
Obama says AIG in straits due to recklessness and greed
President Obama said American International Group is financially distressed because of recklessness and greed and he intends to stop it from paying out millions in executive bonuses. He questioned how derivative traders at AIG could justify $165 million in extra pay.
MENTIONED IN THIS ARTICLE
Washington, D.C
Barack Obama
American International Group
AIG
Obama
Cuomo to subpoena AIG bonus details in probe
New York Attorney General Andrew Cuomo will issue subpoenas to obtain information on a 165 million in AIG bonuses. The inquiry focuses on possible involvement of employees in AIG's near collapse and whether bonuses were illegal under state law as federal aid and a large fourth quarter loss are noted.
MENTIONED IN THIS ARTICLE
Albany
N.Y
New York
Andrew Cuomo
American International Group
Cuomo
AIG
Obama unveils plan to aid small businesses and boost lending
President Obama outlined a new package to help small businesses by pressuring banks that received federal aid to increase lending. The plan includes up to 15 billion dollars to unfreeze credit, lower lending fees, expand loan guarantees, and monthly reporting by the 21 largest banks on small business lending.
MENTIONED IN THIS ARTICLE
Obama
Washington, D.C
Barack Obama
America
White House East Room
Treasury
Timothy Geithner
White House
Madoff Wife Faces Asset Forfeiture After Ponzi Case
Federal prosecutors ask court to recover 22 million in Ruth Madoff named properties plus 62 million in cash and securities and 10 million in furnishings and 10 million for a yacht. Bernard Madoff, 70, in federal lockup after detailing a two decade scheme.
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New York
Bernard Madoff
Tors
Madoff
Ruth Madoff
Manhattan
Stock Exchange Highlights Monday Market in Review
Market report outlines daily trading trends with notable gains in major indices. Investors show cautious optimism as blue chips lead early session gains and technology shares show mixed results amid sector rotations.
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Pat Roberts
Prudential Woodside Realty
Pat
Aikensc.com
Main Street
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Washington
Philip Elliott
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Hain
Pennington Power Products Inc
Lumpkin Road
Augusta
Stihl
Cheri Reese F&m Mortgage Group LLC
Stock Exchange
Monday's Market In Review
Dow Jones
NYSE
Amex
Divid PE
At&t Inc
Altas
BankFla
BP PLC NY
Ongen
Acmeu
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BrMtySq NY
AnthCa Ptc
CBS B
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Csx NY
Ndynmng
PAM
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BioScrip
Star Pte
Velocity S
CityPtrBe
ConAgra NY
intiAbsord
ArenaPhm
Crntda
StoneMor
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Mlse
Grahams
DirxFinBull NY
Gulfstream
Fpbbnep
Tech
DinsFinBear NY
FrkStPro
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Provitre
Westmind
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Berkin Pt
RockyBrdenixPh
Nuvrest
Toch
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Citigo
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Intel
Oracle
GenElec
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Wells Fargo
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Dell Inc
Apple Inc
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PepsiCo
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SEC
Wwe
Init
Pimco TotRelis Ci
Amercan
Capiicbua m IH
Grinama m LG
Fidelity Contra LG
CpWidGriAm Ws
Amencan
Incamera m MA
Invcoama m LV
Bonda m Cl
New Persoa m
Fninva m
Weltin
Frank Temp-Franklin
McA
Dodige & Cox intiStk FV
Fidelity GrowCo LG
Vanguard
Europe
Marx Mow Fund
Moringstay
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